Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
dead cat
the old cut off your nose bit, that is the big question, my question is how are they financing this deal
I hate to agree with you, but the numbers are showing something here, it is either 504 financing's or someone got a block of stock cleared and is what you says dumping these shares, well I guess I will put in a bid at .0001 that is the lowest it can go, other then off the market
I remember one day past the board message was if we had 20 million shares of buying four days in a row the stock would be in the pennies 4 days at 20 million is 80 million shares, guess what the stock has trade 106 million shares in three days and has gone down, so I would say dilution has taken place
MC what was the answer on how the company is raising the money, did he explain it to you
The 504's work like this, they offer you the money, if you are willing to do the financing, the get you to sign and before the send the money they go short on the market, remember the get the share price 35-50% below the bid price, the company has only 112 million shares they can issue and if they do to do anymore they will need to ask the shareholders to recapitalize, we have been told this is good for us, issue so money can be raised even if the price goes down to .0001 that is the lowest price anyway, so those of you who want this, congratulations
Happy, do we know how many shares we should expect 50 million 100 million
We have had $51,000 worth of shares traded, has any of this money gone into the treasury, maybe Happy can answer she seemed to comfirmed the idea they were going to do 504's
This volume or selling is expected, with the negativity here on this board would scare out anybody to take a small 30% profit, so you get what you paid for, and the volume needs to go through before a break out
Obvious some investors are on the offer to make their 100% gain, good, once they are out we will need not worry they will stop us at .0015
Happy, I could agree with you if Paul owned any shares or put his family in or his best friends into the market, he has nothing in this deal except writing an invoice to the company, he cares not where the price goes, he cares only the money ends up in his bank account
Did everyone forget Paul kahn is the one who wants to dilute this stock by doing 504's free trading paper discounted to 50% at the bid price, ask him that the next time you talk to him
One good thing about this price range, a five thousand dollar order would clean this stock price up very nicely
we as the shareholders need to get the cheap seats before these insiders do
One of you were right, before the scam, they usually load up there accounts first at the cheapies
I opened up my telephone book here where I live, Clayton has a lot of relatives here also.
Jackson can now open his franchise "Honest Bob discount oil"
whomever has a bid for 10,000,000 shares at .0005 there is the smart money buying
As always, the long wait is over, we must be here at bottom, seeing the hitting of bids at .0006 with two million shares is the person doing this has no idea they completely missed the boat, this is where buyers should be, the bottom, I know the bottom is .0001 in most peoples minds and that is the problem, they don't realize .0006 and .0001 are very close together
WOW, there are so many misconceptions here you can make a movie (thriller) on this. Law=contract, Contract=Law, in their own silence, Honest Bob, Tom Smith completely ignoring anything someone else does, such as release news, keep the bank account, run the web site, by going silent confirms an agreement, if this management had the very next day stopped all PR from any other source they would have protected themselves, no, they went silent, and this silence gave credence to the articles which happened. If Honest Bob , was so Honest he would have shut down the Bank account or opened a brand new account and give instructions to the previous bank notice the DKGR is changing the signature cards and provide the minutes and resolutions to the bank and this would have taken Clayton or anyone else off the account, but, oh Honest Bob did not do this, he went into silence over all of it, and discussed and took advice from Paul Khan the consultant on everything, remember Paul Khan is CS partner for three years and running.
Whatever MGT that is remaining, Honest Bob, disappearing Tom, Consulting Tom, IR Peter, they need to get on with the development of this company, the previous James Goularte ran this into the ground before all of this, why did James give the Board of Directors away without checking on everyone, then this would not have happened.
I fail to agree with you, this site has always blamed the selling on Clayton, to me it does not matter anyway, if a investor has been issued shares and have been cleared for selling that investor can sell, what we need to know now if Honest Bob is going to finance this deal, today, not three weeks from now, he has been around now for four months and has had ample opportunity to set up financing, RRF has still given management a reason to finance through them
Problem here is Golden is this site has expressed Clayton has sold every share he ever had, I do not know, so which is it, has he sold out as told by the certain Clayton haters, or does he have a position?
Are you saying there is an agreement in place that Clayton receives shares first from the capitalization before the board can issue any shares to anyone else
First every idea on this board has been the continuing downgrade, the summation the leases were never in the company in the first place, now after this we are going to argue that the leases could be lost, what is it, is this board saying the leases never existed and now we are agreeing they did, stand for what each one of you said, if you said the leases were never in, then stick with that, but do not now argue that they leases could be lost to under funding, many of us stated there were leases in the first place and were ridiculed about this , honest BOB now states after disappearing surfaces and tells everyone what a up right director he was keeping his foot to the floor, WOW, can't these people see they are all in the same boat rowing
It seems strange to me everyone gets named in the news except Paul Khan,the main person who brought the leases into the deal first hand, worked in a consulting contract, got paid from funds raised, brings in the guy from NY to finance and is not even in the news, wonder why, I know he probably wrote the PR as he is good in this as his partner Clayton taught him everything, or maybe it is the other way around.
Under Contract Law, Law = Contract, Contract =Law, whatever they say happened, happened, they cannot go back on Clayton a point the finger, by their silence alone, they conditionally accepted a contract with Clayton just by their own ignorance allowing news and banking and not resolving the problem before has contracted them into the whole package that has happened, if one goes down they all go down, now Paul gets to run this, Claytons partner for three years
Broker Spencer Edwards, Off Shore Gilbraltar Securities Bahamas, that is two brokers, I will keep checking
Why would the certificates be worthless, if a certificate is issued then it can be dealt with through rule 144
Nobody needs to go after him, he needs to move on, he is not the right person for a pinkie, he can't handle the truth about pinkies, he gets calls and just won't answer them, won't put out PR, he won't run this company on a day to day basis as any company needs
It doesn't matter either way, R.Jackson has no votes to put up so one vote would do it
Is this true, I can just start up a blog, say anything I want, no worries what I say, just blast out a story that sounds good, then nothing will ever happen to me
Board members can removed by the board of directors
Shareholders / buyers beware,
This statement is false and misleading. Real Resource Fund, Inc. (RRF) has made the following loans and payments.
Loan to Drake Gold Resources, Inc.: 41,850
Fees paid to Paul Khan: $22,155
Representatives of RRF have attempted to reach CEO, Robert Jackson for over 8 weeks via email and phone and have not had any replies. Answers for how funds were used are unclear due to no communication.
We have reached CFO / COO Thomas Smith and his attorney who indicated he has not resigned from any positions. We recommend contacting the company for more information.
If you need additional facts please email RealResourceFund@Gmail.com
Why don't you just e-mail Real Resouse Fund and ask the hard questions yourself realresourcefund@gmail.com get the truth how much money this company put into Drake.
Also from what I heard is Tom Smith is still a director and has used his board status to put R. Jackson on notice, to resign, then things can get going, put in a new president who won't cry in his bathroom when a shareholder wants to talk to him. I see Paul is still trying to get these 504 financings through a spiral financiang
It is not even worth mentioning, the war continues, either one huge loss for someone or some body got free paper to sell
This company is like the seasons, changes are coming, new attitude and better ways for the company to make profits, those bidding at .009 the cost at .001 pretty well the same amount of money, lets everyone move up their bids and clean out all these negative sellers
Management have great Resume but its like a quarter back which has a great arm, if the quarterback just sits on the bench what is the use, someone has to get R. Jackson off the bench and into the game
A company with nothing always has prospects, add anything to the asset base of this company would be a up for everyone here, the pressure has told us, the consultants can't consult and the management can't manage a tiny little company like this, how many details would a President have to follow up on
Listen, Paul Kahn is Clayton's Partner, they have done business together for three years, the Real Resource Fund is now changing directors, management, funding strategy to make the entire plan work
It does not matter where anyone gets info from, until MGT from DKGR is willing to do PR and tells us the truth where we are at with the deal Paul brought to the company a 299 well package that is owned by someone named SAM and is the one who can either keep the deal with DKGR or pull the deal with DKGR none of us will ever know, the deal was simple yet when $15000 went into the company the company paid Consulting fees and Professional fees, mgt had their signatures on those checks, not Clayton, not Peter, only R. Jackson.
R. Jackson won't answer the phone, respond to e-mails, and they will not tell IR so they can pass the info onto the shareholders, who got the Consulting fee, who, the Consultant, who is the Consultant to the Company, Paul Kahn, he won't tell you other then the company needs funds to proceed, but if they had paid SAM the $7500 maybe SAM would feel like DKGR is straight up.