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The introduction to EVRM is impressive. But the performance of the stock is so bad that it demands an explanation. Whatever is going on with EVRM? Was louieforpar correct in his assessment of the stock?
Louie predicted the triple zero performance, in contrast to those who said that it would be at $0.25 by the end of the year! I liked that prediction!
I do not think that even Louieforpar thought that EVRM would go this low $0.0011! Will it go to $0.0001?
How can you say HGLC is "shut down" when it is clearly still trading? And the management team continues in the business with a different company name or names? Use some term other than "shut down," please.
I find it hard to believe that the managers are not being held responsible for the commitments they made to the HGLC share holders, not to mention the claimed assets of tens of millions of dollars. This management team may have changed their phone number or quit answering the phone, but they are the same people in the same business. These dots should be easy to connect.
When I connect the dots it leads to them. Why cannot the SEC find time to serve the share holders and actually shut down the company, seize the assets of the perpetrators no matter what new company they claim to be, and/or encourage them to make restitution?
Why does the SEC just let the same management team declare a company now is gone, and repeatedly start up another with the same mission but a different name? How can they claim to have tens of millions of dollars and then declare that it disappeared without telling the share holders?
The statements were made by people not necessarily known for their honesty and integrity, but by people associated with questionable operations of penny stocks. Why would we believe a word of what they say, good or bad news? These are the same people.
Can you or I start up a pink sheet stock, list all kinds of valuable assets, acquisitions, sales, progress, and forward plans, collect proceeds from billions if not trillions of sold stocks, and then just declare while at the seat of another company, that all of those assets are gone? Were they ever there?
And then start up other companies with similar missions and do it all over again? We have the same group of "managers" doing this with FFGO, NMGL, RENS, HGLC, etc. ...and absolutely no oversight for years and years?
Why is this kind of "business" not shut down, with restitution to the bilked, lied to, and abused investors?
That did happen. My Zecco account went from $0.0000 for two days back to $0.0001! Looks better at $0.0001.
HGLC had volume today, 791 shares at $0.0001 is $0.08 plus trade fees and commission.
As of today, Zecco is carrying my HGLC stock at $0.0001. That is much better than $0.0000.
Google Finance continues to carry HGLC at $0.0001.
Zecco only reports trades at or above $0.0001 for HGLC. Trades at prices lower than $0.0001 show up on Google Finance, but not on Zecco.
Yesterday and today (12/9/11) Zecco is carrying HGLC at $0.0000.
Recently HGLC was being carried by Zecco at $0.0035 or $0.0001.
Google Finance continues to carry Hunt Gold at $0.0001.
Depository Trust Company (DTC) eligibility is crucial to successful trading for HGLC.
Scottrade tells me HGLC is in fact DTC eligible.
Zecco is treating HGLC as DTC-ineligible I think because they canceled my sell order and reject my attempt to sell, maybe because I do not have $700 for trading. Zecco is carrying HGLC at $0.0035, the number it was last traded.
HGLC was NOT on the listing of DTC-ineligible stocks, but that does not mean that HGLC is not now on the ineligible listing. See the following for a link to a listing of NON DTC eligible stocks:
http://www.tradingdirect.com/Static/StandAlone/non_dtcc_memo.html
What are HGLC FTDs?
According to the IRS, Federal Tax Deposits (FTDs) for Form 941 are made up of withholding taxes or trust funds (income tax and Federal Insurance Contributions Act (FICA) taxes, which are Social Security and Medicare held in trust), that are actually part of your employee's wages, along with the employer's share of FICA.
My Zecco account continues to carry HGLC at $0.0035/share.
Google Finance is listing HGCL at $0.0001/share. I prefer the larger number.
279 shares traded per TDa for $.0035 +-
It looks like someone spent $0.98 on HGLC stock today, plus brokerage fees of course.
My GTC sell order for HGLC at Zecco is being canceled by Zecco.
Thank you for choosing Zecco Trading.
Please be advised of the following order cancelation:
Transactions for certain securities may trigger the NSCC Illiquid Requirement. As a result, one or more of your orders will be canceled prior to market open on 11/1/2011. You may read more concerning this requirement at the following link:
https://www.zecco.com/forms/low-priced-securities-disclosures/downloadform.aspx
HGLC is still actively trading, albeit on the Grey Market. How can it be dead?
Quoting people with dubious records (FFGO) and forthrightness as an authoritative source of status lacks a little credibility.
The "former" managers of HGLC remain active in gold mining and exploration activities (FFGO, RENS, NMGL). Should not they take action to document the status of HGLC? They should be reachable through their FFGO, RENS, and NMGL contact information.
Are there SEC forms to document the dissolution of companies? Where is the documentation of HGLC dissolution? ...other than what FFGO folks say?
Effective Date 01/04/1993
You may be correct about HGLC being inactive, but the 1993 date does not make sense because HGLC was trading fifteen years later! Just what does that "effective date" mean to HGLC?
I will take a rain check on that. A glorious day (or days) will be when HGLC is actively trading at or above $0.0001/share rather than at lower than $0.0001 or flat lined at ZERO trades.
don't know about April .. but will be revoked in the dead stock sweep.. for sure
But, is there a schedule for the dead stock sweep at the SEC?
unless someone pays the fine and restarts the company - clearing all issues within the dirty corporation
HGLC will be swept away when the SEC starts their yearly sweep of dead abandoned stocks
Is there a schedule for the SEC's yearly sweep of dead abandoned stocks? I thought that HGLC was supposed to be de-listed in April, 2011.
EVRM has shown up on Google finance as a private company since forever.
Shows how up to date they are.
For me, Google Finance carried EVRM until a couple of weeks ago. I had EVRM on my Google portfolio until it recently disappeared. Before then Google carried the security.
EVRM shows up now on Google Finance as "Private Exchange."
Starting today on iHub "Get Quote" comes up as "No Results Found." Although EVRM does show up under a Board Search.
These may be signals that EVRM is moving onto the OTCQB perhaps.
If EVRM were to move up a notch from the Pinkies to a higher board; what would that be?
When and why did EVRM move onto a "private exchange?"
The security is no longer listed by Google Finance.
the corporation was fined ... HGCL is on the hook .. same corporation as prime time .. all prime time did was change the name
The SEC assessed a fine against Prime Time nka HGLC. Prime Time had a different set of managers, some of whom were fined and banned from Pink Sheets. None of the HGLC managers were fined.
My question is in connection with the transfer of liability from previous owners (Prime Time) to the current owners (HGLC). Was there a liability clause in the transfer papers? If not, then HGLC is on the hook for payment of the fine.
The managers of Hunt Gold seem to be doing nothing because, as others have reported, the SEC fined the previous management and company nka HGLC. My question is what is HGLC's liability for the $375,000 fine?
In real estate, especially land, a new purchaser of the property often has a clause that says he or she is not responsible for back taxes or any other liability assigned to the property after the new buyers have assumed ownership and management.
Is there such a clause in company transactions? If that is common practice, then what is the situation with HGLC?
Just us bag holders waiting for HGLC management to pay the SEC imposed fine and get this company back in good stead with Pink Sheets.
HGLC is being carried on Google Finance today (4/5/11) as $0.0000. This is in contrast to $0.0001 for HGLC. Does this mean that HGLC has been trading most recently below $0.0001?
Ronald Yadin Lowenthal President, Director
848 N. Rainbow Blvd.
# 3003
Las Vegas, NV , 89107
Phone: 702-635-8146
Note: The above information came from Pink sheets for NMGL
Lowenthal is listed under the same title from Pink sheets for HGLC.
A company is dead when it is delisted or otherwise no longer trading on the grey market or any market.
The wisdom of purchasing stock simply because it is still trading is another subject. Right now anyone can trade HGLC on the grey market.
Well puppy and ordinary, a stock/company is dead when it stops trading. HGLC is trading on the grey market, so it is not dead. Until such time that HGLC is delisted or otherwise terminated it is not dead. That is my definition of a "dead" stock, a stock that no longer trades.
Company officials like Lumb, Saner, Lowenthal, et al. continue to do business in gold interests. It does not resonate with me when we are told that they no longer exist because they said so; that is, they no longer deal with HGLC, while they continue to deal with FFGO and NMGL in similar gold interests.
Is our entire trading system that superficial and corrupt? You can just walk away from a company and its shareholders and start a similar company? Is our trading system like the Mardi Gras carnival with its con-men and barkers, or Alice in Wonderland?
It looks to me like NMGL overlaps HGLC 100%; same management team; same mission. Are they going to convert the HGLC stock to NMGL stock before HGLC disappears?
You got it! Tomorrow by close of business.
I would not say that, puppydotcom. It will be tomorrow by close of business.
NMGL looks to be the same as HGLC in the gold mining exploration business. But HGLC is a lot cheaper at $0.0001 vs. $3.40 per share. We have the same management on both gold companies. What is the common management going to do with HGLC and NMGL?
Basically there is no volume on HGLC. The most recent was a ten million share trade at below $0.0001 so it did not show up on Zecco. The trade was displayed on Google Finance, though.
As a bag holder I would welcome a little volume to offload my shares.
This is on the Google Finance (11/4/10):
BestOfOTC.com Top Notable Gainers in Today's Session : (EEM, ERHE, CNEX, HGLC, SAEIE, LCRE)
Emailwire - 3:05am
You asked reasonable questions about staff positions, etc. EVRM is a small business and dynamic. So today's answers to your questions may not be meaningful if tomorrow the situation changes, and the answers are different with different conclusions about the status and prospects of the business.
FWIW a small business is struggling always with cash flow problems, even when things are going well. As for staff, that can be a moving target, that is, dynamic. For example if you need a certain kind of expertise for a short period of time it does not make sense to hire a pricey full time expert. You can pay a fixed price for a specified product, usually a technical report or contribution to a proposal. Or you can pay time and material to an expert for travel to attend a meeting, and then a trip report or follow up. Also the number of full time employees can be equivalent full time employees. Or, in some cases, the CEO draws no pay for awhile to accommodate cash flow problems.
Given that a small business is more dynamic in those areas than a larger, established enterprise, it may not make much sense to get the staff count that will be different next week. Given computer applications like Office, many staff members can handle what used to be secretarial duties.
You minimize your staff during "down time" especially if you are waiting for a Task Order to be executed, or waiting to hear the status of your proposals, including task orders if there are multiple suppliers at hand for the customer.
There is some information on the web about HGLC acquisition of mines in 2007 and the State of Arizona on Searchlight Exploration, LLC.
FREDERICK C BAUMAN
MANAGER, Searchlight Exploration, LLC
9212 EMPIRE ROCK ST
LAS VEGAS,NV 89143
Date of Taking Office: 07/21/2003
Last Updated: 09/27/2006
On December 5, 2007 See:
http://www.businesswire.com/news/home/20071205005842/en/Hunt-Gold-Corporation---Acquisitions
The total amount of Hunt Gold Corporation shares of its Common Stock being issued; to acquire Sentinel, Ambassador and Golden is in the amount of 990,000,000.
I have not found any documentation relating to the disposition of those assets. Clearly, HGLC had the shares to pay for the mines.
No recent record of HGLC assets to Searchlight Exploration, LLC.
Searchlight Exploration, LLC owns and engages in mining exploration services. The company was incorporated in 2003 and is based in Las Vegas, Nevada.
Searchlight Exploration, LLC does not have any Key Executives recorded.
Merger/Acquisition
November 2, 2009 North Rawhide Gold Mine
In connection with the disposition of HGLC assets is "Searchlight"? SRCH Searchlight Minerals Corp.
Or? SLLN Searchlight Solutions, Ltd.