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Methinksyourightbrudda
Let's be frank here. When PRs reduce the pps to no bid, doesn't that really mean the shareholders are calling bs? When current shareholders comment on the no bid, doesn't that mean their pissed off over the bs behind the PRs? I can wait!
Now let's talk about all the speculation that btw, has NEVER been publicly mentioned by the company:
1. Terravision. When will we see a PR that tells us what their intentions are with this group? You won't see it because it's bs!
2. FCX. Same as 1 above.
3. Cash flow source with a legit company that's NOT a shell?
4. Financing from a legit lender, bank or financing firm and not some bogus shell that Lumb's creates to convert more shares.
5. Sisters...speaks for itself.
6. How about a date of when they'll produce some real gold? Or will that be a merger, JV by some shell Lumb Lowenthal and Mo will create?
Then let's talk about bs the company has promised:
1. Assays derived from the tech they promised
2. Stock buy back. This is a recycled joke!
3. Q report, considering it's now March 129th. Of course it'll be the same as the last one, more than a thousand pages of nothing that tell us GNCP has no assets, mountains of bogus liabilities, worthless claims, no revenue and no value!
There's more but this is a good start.
I'm waiting!
My comment are mixed in your texts in parens.
LOLOL!! Twist it however you wish. (I disagree with this, don't see it twisted, but as anything but the truth) It was a loan, not an investment. An investment would mean that equity (shares) were acquired in return for the $250,000.00. But, as the Duke of Bag Holders himself said, no shares were exchanged. Hence, it was a loan.
Also, keep in mind, that at the time the loan was made, Joe Scivoletto was an officer and board member. (Was is the operative iow before the "boot") Perhaps the lender(s) were impressed with him (this guy can't even walk and chew gum and someone's impressed with him?) and the loan was made on the strength of their faith in Ol' Joe. (I seriously doubt it) He was, after all, the inventor. (He can't even spell inventor, let alone invent something! The guy was so corrupt and stupid, everything he did was visible from the outset...that's impressive)
(This is not as simple as you portray it to be IMHO. Your forgetting the reasons behind the counter suit and the illegal activities this guy was up to when he was caught and booted for, soon to be owned with his partner in crime, SA. The things he was involved in we're just stupid, really plain and simple. The guy's a moron! And he didn't invent anything. lololol "Larry, Curley and Mo ron's Invention company....woop woop!! lolololol)
What would help everyone is if MW had filed an 8K detailing the terms of the loan agreement, as a legitimate company would have done.
Hmmm IMHO the real shorts, Lumb Lowenthal and company are not scared, they're the fat cats who dumped!
There's risk in every stock, more risk in pennyland and massive risk in this stock at no bid. IMHO, this stock has run it's course, can't even flip for profit now. No bid means no ones interested and not willing to take the risk. This shell has all but collapsed.
That would be consistent with the sisters. And some of these guys really believe the sisters are going to pay these previously promises divs
I agree with you. What are they going to buy with? No bid stock! That's worth a laugh over a beer! Another one of those "doesn't meet the common sense rule!"
Well said and very true.
I'd like to get ahold of AU, if anyone has his contact information, PM me. I'll ask him directly. Who knows maybe he'd post in here his thoughts.
I quite agree, but there's one thing that HAPPENED to get the MM"s in the court....all it took was for someone to file...which hasn't happened here.
Not with the situation we have. No Assets + No Revenues = No value = No bank = No Capital = No Cash Flow = another defunct sister.....go figure.
AU was convicted no doubt. But he clearly names Lumb as an accomplis to this. Lumb just outfoxed the justice system.
I think Lumb may be following another defunct CEO and people he follows and got caught in a "gaming" scam. Guy by the name of Jarred Hochstedler former CE-Dope from EESO. If Lumb's involved in this......
Read what? Please post a bank or investment firm that'd be interested in this runover dog.
Thanks for the reminder, I'm still looking for this post.
Please name a bank that would be interested in this pos.
I take issue with your post about large sums of money at stake and banking interest.
First, IMO it's a bunch of hype, there's nothing from the company that suggests this. 2nd, the stated value isn't verified or even legit. The sampling methods are the key to this, the technology promised was never used. Ergo, the assays were derived from grab sampling, which is useless in quantifying any amounts of any material in the ground. 3rd is the "banking interest." Please name one bank that'd be interested in financing this company's operation with a no bid stock profile, an AS and OS equal to each other, no revenues, no assets to leverage and thus no value.
IMO, what your suggesting doesn't pass the common sense rule. Your basing this on this alleged "value" that isn't supported with any industry best practice fact.
Let's start with their business plan (if you could call it that)...mission statement if you will. Banks and project investment firms do not put up capital for unproven and uncertified data. Ahhhhhh and and fact, and you can check this out anywhere, banks DO NOT lend to shell companies.
A R/S would be the final straw for the rest of the longs I think. If you haven't looked lately, many former long and faithful are falling out. We're seeing a lot of this type speculation on the boards. Problem with this company is it never delivers. Think "little people" and the guy who said it to the Hanover shareholders.
I disagree. Quote frankly I don't see what your suggesting at all. If this is emanating from Lumb, I see this as the same ploy he made from Hanover Capital to St James Capital, both are defunct. Lol, I wonder if those two will be "made current" too! lolol
I disagree with your comments as they are not factual at all. My DD indicates MW is financially stable. As for the others, I never looked into the others, but am confident their ok.
As for the "gag order," and as a former CEO, this is quite appropriate. It's not all about hiding anything, it's about assuring information is managed appropriately. If it's mismanaged, I can assure you the people who mismanage it will pay dearly. And the judge has a duty to make sure information is kept in its legal context. I've seen cases go very wrong legally for people who mismanage information. I've seen a lawyer get disbarred over this type thing.
As for public access to information and it being available to investors, no lawyer would ever endorse this and even suggesting this is not a wise move. As a shareholder, I can wait. I'm confident that SA and JS have really made bad decisions and are now about to face the judge for their deeds. My DD tells me what they've done is morally, ethically and legally wrong. I have to ask myself "would I invest in this company if they were in play now? No way! The things they've done are incredible and really goes to show what their character really is. They really have character flaws. And this time, they go to jail for it! Now there's no choice!
I disagree. I don't see this realistic at all. There's absolutely no legal or credible proof of NSS, but there is pure evidence of dilution. The AS and OS are equal to each other, there's no shares unaccounted for, ergo no NSS. Not one filed document to any authority of NSS and I doubt there ever will be, because it exposes the company.
Any equity JV would still require GNCP to put up a risk bond and those are not cheap. The process for obtaining a bond as such is not only expensive, but!!! The application process is more extensive than obtaining commercial credit from a bank. Commercial bonding companies want verified assets in place also. With what we (allegedly) have and the methods used to obtain this equity value, I will tell you from direct experience in Major Capital Projects around the world, ain't gonna cut it. I've worked with World Bank, EBRD, Japanese Top 5, The Freeman Group from Alpha Bank in Russia, Axiom Capital Group (before they went bankrupt), China Central Bank, and many others.
To be honest and IMHO, what your suggesting is really not going to happen. I can also honestly say, that this company's profile couldn't even qualify for an SBA Loan of $50k lol.
This company is so leveraged with debt, i doubt a legitimate firm would consider funding a project of any magnitude and certainly not give cash to these guys as you suggest.
The only route for GNCP would be private, high risk lenders, but even that would be limited because of the current share structure and with no bids....who's going to invest?
Then there's the insurance. Every investment firm will require independent insurance. Again the cost of this is enormous. They don't take shares lol.
I've been in the business long enough to know that what your suggesting will not happen.
As for investing in the sisters? No way. They won't be resuscitated.
Glwt
You mean the shareholders molested and dumped naked. The sisters cried NSS ...bs too, yet never once filed.
For the guys who are behind this, it's no skin for them, they add this one to the sisters list then start over.
No sense in partnering with the guys leasing, just buy out the owner!! Hello, reality check!
Just more hype. Even with that it's a no bid game on! GLWT
Nonsense! There's only the $250k and that's being dealt with.
Again the scores zip to 3, soon to be zip to 5. MW's shutting them down one by one.
The boot (y) brothers are up to bat and soon will taste the agony of their deeds. They had an agenda and got caught, got booted and now will get owned for it!
Like I've said before, get used to living in the loser's bracket with this kind of nonsense!
I hope the best. No way I invest as a long in Lumb's scams. I'll be in on the next one but only as a flipper
You still haven't proven there is NSS.
Ok it's not criminal but, mm's get in a lot of trouble if caught and if it's filed, it stays on their record forever.
Mr Au came clean under oath and cited Lumb directly. It was posted on HGLC and a lot of conversation over it. Have to check when I have time.
Yeah sure. Shorting is a crime and one simple form by anyone is cause for federal investigation. Please show me a link to one filed? Conversely, show me proof of shorting and not the bogus links, I've said it before, they don't hold up in court.
Yuuuup, blessed 1's supported by the blessed no bid
Shorty is GNCP (Lumb and company) and again the only cash flow is from investor pockets to his
Yuuuup! Not to worry shareholder, with Lumb in the game, no bid is immanent and your about to lose ALL your money!
GLWT
Two years ago, I called the UK minor exchange. Lumb will NEVER be allowed to trade on that and the South African exchange.
Let me fill you in on something. Under some of the new acts the US has put in place, Lumb's citizenship and visa to the US can and would be revoked. Be nice to see this. Send that bum back where he belongs! Btw, if he's barred from the US, he's barred from the UK
Exactly!!!
I think your forgetting the torious part of this and the scam scheme SA and JS had set up! This has been discuses and something you've NEVER defended! Please explain why?
It was said here before "he needs to use that pick axe to mine his head out of his rear end" lolololololololololololololol
I suppose it's the MMs? I doubt it! The note holders are the shorties and they've already dumped!
Exactly