THE ALL-Knowing SGCP TRUTH TELLER!
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I disagree, I want profit, not philanthropic pursuits with my shares in this company. Whatever one says, an ngo is better suited than SGCP to meet local needs. In any event, this should be settled by a shareholder vote. The aim was to enhance shareholder value, if the president of sgcp is changing the core aim, at the time and i have no knowledge specifically if a vote happened, he should have requested a shareholder meeting and vote. Dilution is killing shareholders, and i am saying this while fully rooting for sgcp to become a better company. Spending over 1 million usd for land for agri cost untold millions of shares to be sold and diluted shareholder ability to sell at a higher price.
IMO, yes
Not me! :)
i don't like the dilution of shares to buy land for agriculture and consider it anathema to the stated goal of building shareholder value.
IMO, SGCP will be at .003 by thursday.
No stopping sgcp now, the PR and FR will be awsome.
Only shortsighted investors imo should be selling, sgcp will dramatically shoot up as mm's accumulate.
SGCP will go to the moon imo as soon as that report comes out! The pps will jump imo to the 3-4 cent level!
Go sgcp! go! Climb, get to .0026! I think SGCP is going to have a blockbuster gold extraction report very soon!
Golly, they won default judgements? Golly, refused to defend against the suits? I bet'cha FAN does not get any money because there is no money to get. If you read it closely, one did defend and it sat idle for 5 years. Then just did not continue defending. My lawyers would get instructions to countersue, really get into the nitty gritty, flood the company with court ordered requests to open up the company completely to inspection. O'course that was a canadien court,different standards, would not go over well here in US.
Never heard of angel shares. I do know that a 100,000 loan is not revenue, but must be listed as a debit. It shows up nowhere as a debit. Question i have is what sweetheart deal was made for that loan
I wonder if they(SEC) would be interested in a loan to SGCP being touted to shareholders as revenue? I wonder what sweetie type deal is in store for the loaner from SGCP?
I always just tell the truth about my vast knowledge of african alluvial dredging and sound, in the case of sgcp, unsound management practices. I picked sgcp to fail because of horrible management decisions, the carbon credit failure, the lack of competent planning, etc.
A bad week on pps last week, worse to come?
Too bad you can't say who else is. But i would guess they are not doing well either.
My advice on sgcp is to sell, how's that what you said of me. Frankly i'm hurt by such allegations, i think i might cry now.
..Just that the bankrupcy court is not involved yet.
15th. Yes,if one goes to the "Dark side". I suppose if one is honest in their opinion, then uses the "exuberance" to sell at the propicitious time before the sgcp releases each pr,it will be ethical. SGCP fails to give exact times, it could be tricky grtting out before sgcp announces failures to earn and issues more excuses.
No doubt about that. i understand, i just want to express my opinion that it is a lotto pick to invest in the sgcp subpenny which IMO will never be a money maker.
SGCP is hemorrhaging shareholder money and diluting shareholder stock value by selling more company shares because sgcp is not profitable. Show me a statement from SGCP that says that they are profitable. Even with Share sales, they are still only treading water and the company is only surviving by dilution.
Profit: when revenue generated exceeds the negatives in acquiring revenue. Funny, when selling shares and diluting shareholder value, that is a revenue plus and shows as revenue.
Do you have proof that sgcp is making a profit: that sgcp has falsified their statements to shareholders on the amount of revenue streaming in over the last 3 years? I don't see in any company statement that sgcp is profitable from selling minerals, gold or food to get the company in the black??
I do see massive selling by SGCP of stock, with a lot of that money being used for non "aims" .
Quote: "It is the aim of Sierra Gold Corporation to acquire and develop gold and other precious and base mineral properties
to increase shareholder value."
That is the opening statement on the sgcp homepage.
Obviously then,sgcp has failed.
Ok, your original post and follow up was about what sgcp was Posting on the sgcp website as SGCP goals and commitment to shareholders where the aim of SGCP was to find gold and enhance shareholder value.
Now SGCP can't find enough gold to enhance shareholder value, that comes right out of performance reports and the even more drastic dilution they are continuing by issuing more stock to finance current operations because of a failure of revenue ever since the company started up. Once again, where in the sgcp goals to be a mineral extraction company did you find a commitment of shareholder money for agriculture pursuits?
Now carbon credits; show me where sgcp has earned one cent from cc even though they turned down an offer because it was too low? Show me the amount they received,it was zero for the year. How is that more than an amount too low? Gosh any amount would be more than zero, and they can't get that back by holding it for another year. Financially, they wasted a years worth of carbon credits(cc). That shows horrible management. That money they turned down would have meant less dilution and stronger pps.
That is why i called for SGCP directors to step down: incompetence.
Your posting:"Thats not what the offical word is. Who is your source and where do they get their misinformation? They arent telling you the truth"
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Why i get it right from sgcp..they can't find enough gold to make a profit.
Apparently the US government is starting to take a dim view of corruption by extraction companies in sierra leone.
" particularly on outcomes that involve improving government’s capacity to administer mining sector and implementing anti-corruption measures applicable to the sector."
How this will affect SGCP will be a major message topic as anti-corruption officials monitors extraction companies like SGCP.
Hopefully for shareholders SGCP does not get caught.
Sgcp stock was down this past week,as it should be IMO from the last SGCP production report
I could manage a trip from nairobi if i wanted, when i was there, but 2 weeks is a long diversion from my business. Time is money and that would be my personal concern, not whether sgcp wastes money on local bribes, is pilfering shareholder money.
IMO, I question under what sweetheart terms did the private "loan" by John? doug? have take place? IMO might we all only find out later something like when the farmland is transferred to whoever made the loan?
i have to disagree, the channel is not helping me at all.
SGCP continues to puff with total impunity on their web pages by using forward looking safe harbor statements that are protected much as used car salemen are.
Take for example the "aim" sgcp states: so when was buying land with shareholder money and planting crops part of finding gold to enhance shareholder value?
In this previous posting posted below is the penultimate reason that IMO says it all about sgcp.
~~~~~~~~~~~
"The-price of-gold has little to do with SGCP-PPS performance. Gold prices have been climbing for months, years, and sgcp has been unable to find gold. Gold has to be found by sgcp and so far and as i see it enough gold will never be found by sgcp to be profitable. That is why sgcp is a failure even at high gold prices: they can't find gold."
The-price of-gold has little to do with SGCP-PPS performance. Gold prices have been climbing for months, years, and sgcp has been unable to find gold. Gold has to be found by sgcp and so far and as i see it enough gold will never be found by sgcp to be profitable. That is why sgcp is a failure even at high gold prices: they can't find gold.
Well,-GF tommorrow:3500shares or so..That was me at .0019, i bought some few shares. I even bought over the ask, i just wanted to give an sgcp seller some solace.
Essentially, i was correct. SGCP puffed with enthusiasm and false optimism with forward looking statements while mining and selling company shares, then released a big dud of a production report that immediately caused a PPS major downturn of 45% within 3 market days. SGCP burned shareholders who bought shares puffed higher by sgcp on the expectations of sgcp forward looking statements. Shareholders can draw their own conclusions and that is mine.
No matter: the company was in the mining season for 60 days before the announcement of the company stock sale.
Incorrect response: Shares were sold during the mining season. SEC Rules demand companies announce sales immediately upon such sales.
Gold high, sgcp Down! SGCP burned shareholders who acquired shares above .0024 so badly by diluting the stock prior to releasing very disappointing production numbers. IMO, there is little interest now to buy shares for the rest of this year.
Volume today simply pitiful for sgcp, no interest on buying shares. Market Movers have concluded more gloom sgcp news coming out on next FR.
phreshmeat: "I am anxious to
see what new paths SGCP management has planned to explore as it
becomes a profitable company this fiscal year."~~~~~~~
Well, several ideas have been floated on this board by posters other than me..gold mining on the moon, .. sub dredging the deep blue sea..
phreshmeat: "Could some you real gold miners out here explain what all is
involved in starting up such operations? TIA" ~~~~~~~
It involves selling more company shares-diluting shareholder value.
What plans are being made by sgcp management to assign hundreds of millions of free shares to themselves? IMO, if that happens all the paying shareholders shares are diluted in value,are they not when those shares by management are assigned.