Again pathetic filing!
no revenues and only liability for another year.

This definitely put this company and its CEO in the obvious scammer category!

What CEO in his right mind would be running a real company having no revenues for such a long period? None!

USG1 shareholders have passed a deal with a scammer and I think we can consider our investment lost.

A disgruntle USG1 shareholder...

The problem is that you cannot take a tax write off until the company is fully delisted and bankrupt.
Even for a scamming company tho could take forever. Or even not happen despite no volume reading for years!

Patience?

How much longer will we have to wait?

I think we have been ripped off by Garth!

If there was another paperwork hiccup I would have expected Garth to have the guts to disclose the issues in a pr. Instead his silence reflects a bad impression.

Definitely not a professional behavior.

What a crap.

Dilution is defined by increase of outstanding shares.

You are right that this might occur from options or other means.

However as long as the official O/S remains unchanged, you cannot call it dilution YET...

Let's be fair!

We cannot legally called a dilution if no new shares are added. This is the definition for stock dilution.

However if Garth has that many stock and needs some cash for his next long holiday then calling it a CEO Dumping is probably accurate.

Unfortunately we have no way of knowing if Garth is selling his shares. Let me know if there is a way to find out and if you know it is the case can you provide the proof?

I doubt the SEC is checking the varacity of any filed document for lies!

We know by experience that the SEC is letting A LOT of scam and bogus companies wit cheating and lying CEOs going through and trading publicly!

This means absolutely nothing about Canwealth and Garth reputation!

Only the proven facts from Garth can make or break that reputation.

And so far he is not doing too well!

Definitely too long.

Either Garth is the most incompetent CEO a company can dream for not to have, or it has been from the start a total scam and USG1 shareholders have lost their investment...

All posts in this board are rellpeating themselves and it is now very boring reading either side of the story.

With the weeks passing and nothing concrete announced and proven done I am enclined to believe Garth is BOTH INCOMPETENT AND A SCAMMER...

His job to prove me wrong...

I am a disgruntled investor.

Unfortunately tax write off is only applicable when security is actually sold, isn't it?

I would say that Garth has been very lucky to have an extension to repay existing loans.

My question would be that the funding company must have some collateral towards the loans as any bank or lenders would request.

What are these collaterals that Garth could have provided? Shares? Definitely not preferred as the filings are clear on the fact that there are none. Common shares? They are probably currently not worth the paper they are printed on!

So unless another $200K loan is secured by the end of August to pay the fees on the claims, Garth has only a tiny few claims still active until they all expire in October...

With all the "NEXT WEEK" symbol promises, I doubt anything will be done on time!

This would definitely be the last nail on the unborn coffin of Canwealth trading company!!!

Unfortunately the Pinks are filled with crooked CEOs. I have not found one that is not lying yet.

If you do know some please PM them to me!

I doubt these two things are related.

It is great the an extension has been granted on repaying the "existing loans"...

However the existing loans have not been used to renew any claim or this would have been expressly mentioned in the filing and Garth would have announced it in a PR as we'll!

The more we move in times the more I feel my original investment through USG1 is fading away!

Garth if you read these post please respond and reassure your shareholders/investors with true and verifiable facts! Or You will lose the little credibility some might still have for you...

I could not find where it says the claims have been extended until Dec 2016 in this document.

The only mention of Dec 2016 is referring to the loans!

Could you tell me what page and section this information is written?

Incredible.

There will be only 3 claims left past the end of this month?

What will happen then?

Are the billions worth of minerals extract within the remaining 3 claims???

Thanks for the link.

Man, huge deficit with $0 revenues.

How much longer can this new company survive?

Garth and Canwealth only option is to get a mining investor FAST!

Fingers crossed...

PAGE NOT FOUND ERROR!

Great start!

More than 18 months since that PR!

How many more?

It has been months and months that Garth has nothing to do but wait on Canwealth front!

I am surprised that he is not using all this free time doing actual work with ICBS .

I guess he is enjoying more holidays?

I am a USG-1/Canwealth investor and I demand Garth as CEO of Canwealth to take his thumbs off his backside and proves us he has got what it takes to be a real CEO!

It has been years this farce is going on and this does not encourage trust in him and his abilities as a CEO!

English is not my mother tongue, however it seems to me that Garth had its company trading originally on the Canadian exchange and he was subsequently banned!

He must also be writin BA as why would the Canadian exchange "Halt" his symbol from trading if it is not already trading? Garth writing he is not trading...

Tell me why would a Canadian Exchange "HALT" and "BAN" a security from trading if that security was not on that exchange in the first place?

Read Garth's own text as you have copied in!

Also read the French original Canadian Exchange Ban letter for ICBS/Garth. He was trading and then got delisted. As simple as that.

Now don't twist my meanings! I have also said that the only reason he was delisted was for lack of paperwork filing and that I thought he didn't want to go through on both Canada and US exchange.

Furthermore I would think (don't take this for truth as I didn't check) that Garth moved his trading to the USA Pinkies because there are far fewer rules and paperwork to follow!

Would this mean that Garth was not able to provide the legal requirements to trade under the Canadian stricture regulations and it was effectively a scam? It would also mean that the US exchange allow any company to trade as long as they pay the fees and provide the very minimum paperwork! We know that this hasn't to be audited so anything is possible under US Pinkies!

Actually I had a look at the minimum requirements for the Toronto stock exchange!

It was obvious that Garth showing nil revenues could never make it to that exchange!

If only the Pinks could follow similar rules investors would be much safer!

If this wasn't the case probably 99% of companies trading on the Pinks would be delisted!!!

This is a fact!

You said yourself that ICBS and Garth NEVER traded in Canada..

With a little bit of searching I could prove to you that Garth traded ICBS in Canada and has effectively been BANNED PERMANENTLY from the Canadian exchange for lazyness to provide the minimum paperwork.

This is in no way encouraging for what he will do with Canwealth.

We all know Canwealth is not and will probably not trade in Canada. It is not even yet trading in the USA.

Repeating Garth PRs content as DD is not something I can trust either.

The more we are passing through the weeks, months and now years, the more au regret having given my cash to USG-1. Merging with an individual that seems to be having such a bad reputation is not where I expected my money to end up!

Brilliant!
Although music and MJ are going hand in hand usually!
Medicinal or musical therapy is a difficult choice...

Yup I found it shortly after I asked for it.

How could you explain that a company requesting a trading symbol in the mining industry declare having only 1 employee in the IPO?

Maybe it is the web developer???

This is definitely something I dislike and would potentially be a big red flag on a company's legitimacy!

Why did USG-1 selected Canwealth Mineral as a merger partner with all the red flags?

I hope I am wrong...

Ban from trading does not mean ban from mining, does it?

I am afraid you are wrong on this point...

Check my latest post for the full link to the real information...

I checked the Canadian mining regulations and I have to retract what I wrote in previous post.

Paying the fees for the claims might not be enough. The company must also provide assessment works for the claims.

Indeed it might be what the geologist would provide.

Correct me if I misunderstood the document on this link below.

See http://www.nrcan.gc.ca/mining-material/policy/legislation-regulations/8726

Hope this will help the truth as well.

Ok I found my link thanks to your wording "Cease Trade":
Http://cto-iov-acvm.ca/ArticleFile.asp?Instance=101&ID=1391654C67644646B2DA051895BBC669

If you don't know French, I can tell you that the ban is related to missing paperwork.

It would be a "STOP" sign equivalent on the OTCmarket.com site followed by a delisting

I assume it is easier for Garth to focus on the US market trading only.

But nowhere does it say the ban of ICBS company was the result of Scam as some do pretend!

Missing paperwork is not Scam!

Please stop saying it was banned in Canada because of Scam as this is FALSE!

However this proves that Garth was trading or tried to trade ICBS on the Canadian exchange.

I hope this will clarify and put an end to these repetitive posts from both camps... Lol

Could you provide a link referring to this "Cease Treaded" as you wrote?

I cannot find anything on Google nor Canadian exchanges about that.

Or are you just repeating what someone else has written in another list hoping to make it your own statement?

Back it up or retract it!

I am curious...

I tried to search some Canadian exchanges and googled for ICBS/ICBT trading or banned reading but only the ihub posts are coming up!

Could you provide with an official link about this ban?

TrendSoft website exists with trading software for sale!

Is Garth involved with this existing company?

The "extaport.com" domain is for sale!!!

I guess this was one of the numerous bogus websites created the day before a Pinky CEO announces a major deal and that shortly after us left I maintained and never renewed.

Not bad advertisement for less than $10 for the whole year!

What about Canwealth website?

Created 21 Feb 2011
Renewed 19 Feb 2015 for 2 years with Garth name as registrant.
Registrar is Godaddy.com

This website has now been active for 4 years and counting.

Definitely not in the same category as extaport.com it seems.

It is also kept up to date which is nice to see.

The bad:
Assays are dated May 2011, probably why the web site was created a couple of months earlier.
There are some flaws on the website navigation menus. The displayed links are not visually accurate.

Last SEC filing is dated Nov 26, 2013. Anything more recent that should be available?

The website has been developed by an amateur as the URLs are not clean.

However most of Pink companies websites are terrible. This one dowsnt look so bad in comparison.

So is Canwealth Mineral a hoax or is it something real that will potentially be fruitful to its investors?

This is the $1M dollars question!

I don't think the price of gold is an issue!
It is still well above $1,000 level!

I would be happy for Canwealth to have proven gold even if the price went much lower than that!

It is at the 2010 year level. Granted it sky rocketed above $1,800 in 2011 and has steadily dropped since then.

But still gold is good if extracted at the current price!

It is strange as there is no website for mindpix!

No trades visible on OTCMarket.com. Still showing as "dark"!!! Even not "Grey"... Lol

If this company wants to sell shares it better catch up with all requirements.

That would be very nice to trade this again online..

What is M. J.?

Yes please do that and if you don't mind update us on your findings during the visit?

This would be a huge help for current gruntled shareholders who feel they have been robbed.

It would be great to be able to sell my share without a too big loss!!!

I would love that!

So what has Taylor done with the "good claims" he separated from the crappy ones he sold to Canwealth?

Any very profitable mining results from these?

This is not an answer to the question asked.

Is there any EXISTING drilling/mining operations near these claims (not on the claims..) from other companies?

Are any of these possible existing mining companies currently trading publicly on the Pinks? If yes which ones that we could use to extrapolate some possible outcome with the current Canwealth claims?

I don't quite agree with you.

They both let scamming companies trade publicly that should have never been authorised in the first place.

I cannot name any as it would be off topic however it should not prevent Canwealth from receiving a symbol.

If you consider Canwealth a scam company then you have to agree that if other scam companies are already trading with a symbol then there should be no reason for FINRA/SEC not to grant Canwealth it's symbol.

I AM NOT CONFIRMING YOUR DD...

I was only mentioning what you have provided in one of your previous post and you very we'll know it.

It might be totally bogus!

Does anyone know if there exist some drilling going in already in the claims vicinity?

If there are mining companies already nearby in full production, it could be interesting to see how they perform?

Could you provide the information or link where it says exactly when the claims are expiring?

As far as I know this is not happening before 31st Dec 2015... Still a few months before Garth has to pay $200,000 to retain all the claims for another year. WITHOUT HAVING TO START ANY DRILLING...

Thx