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Well, we never had any immediate connection with any of the big guys before. If I was the big boss now I would give you at least 20,000 prefered shares. That's just me. With the dilution here, your 8 shares may be enough to take control sooner or later. Remember us little folk who were there at the begining.
Doug I saw your posts about losing 9k. I actually lost more than you. Now I'm not blaming anyone, and I was certainly told my many men on here smarter than me to stay away but I got suckered in too. Well, that being said, it's Valentines day and I was really hoping to give my girl some ground penetrating radar. She loves that kind of stuff! Can you hook me up?
Doug, can you sign me over the mining equipment thats somewhere between Arizona and Mexico? I'll pick it up.
Wasn't he the guy (Mcfarland) supposedly posting on this board recently saying that Klok owed him money? If I was him I would sell all of that fantastic mining equipment and pay Randy America back the money he got scammed out of. LOL!
20,000,000 shares should cover that expense.
It's Friday the 13th! 13 is an interesting number to some. So is 4,891,756,205.
Looks like an old one. Theres a CRFU board on ihub too, but no one has posted there for months.
Tuesday, June 10 2008 7:54 PM, EST Carefree Group Inc. Announces Stock Split Business Wire "US Press Releases "
MIAMI BEACH, Fla .--(BUSINESS WIRE)--
Carefree Group Inc. (Pink Sheets:CRFE) completed a 10:1 reverse split of its issued and outstanding shares of common stock effective market open tomorrow June 11, 2008 , filing a certificate of change with NASDAQ, company officials said. The new symbol for the Company will be CRFU. Shareholders will be deemed to hold one share for every ten shares held previously. Exchange of stock certificates must be turned into the Transfer Agent as soon as reasonable and convenient for any shareholders possessing physical certificates. For all other shareholders whose shares are in electronic form, the conversion will occur automatically.
The majority of the shareholders, comprised principally of the management, affirmatively voted on May 12th, 2008 to consummate the reverse split to effect the rise in the price per share necessary to execute anticipated mergers and acquisitions with decreased dilution. Management hopes the reverse will positively affect the tradability of the Company's common stock in both liquidity and sustainability of price appreciation creating positive shareholder value.
Miami Beach based Carefree Group, Inc. represents a consortium of assets and networks in the industry of luxury. The Company's interests include assets throughout the luxury travel, aviation, automotive, yachting, entertainment, and real estate industries. Carefree Group delivers an unsurpassed experience of luxury in accommodation, travel, entertainment, personal security, and premiere concierge services to its elite clientele. Members enjoy unrivaled privileges through the exclusive use of Carefree's inventory of luxury properties, exotic cars, yachts, private aircrafts, and superior concierge services and amenities.
For more: www.carefreelifestyle.com.
Safe Harbor Statement
This release may include forward-looking statements, which are based on certain assumptions and reflects management's current expectations. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. Some of these factors include: general global economic conditions; general industry and market conditions and growth rates; uncertainty as to whether our strategies and business plans will yield the expected benefits; increasing competition; availability and cost of capital; the ability to identify and develop and achieve commercial success; the level of expenditures necessary to maintain and improve the quality of services; changes in the economy; changes in laws and regulations, including codes and standards, intellectual property rights, and tax matters; or other matters not anticipated; our ability to secure and maintain strategic relationships and distribution agreements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Source: Carefree Group Inc.
Just when you thought you'd seen it all! Amazing.
Only 7 billion? lol. Better get some now huh?
"In connection with the internal investigation, I requested that Mark Klok (a director of the Company), Chene Gardner (Chief Financial Officer of the Company) and Ken Denos (General Counsel to the Company), provide me with copies of all of the Company’s books and records in their possession or control. Not only were the copies not provided...."
I wonder how long those 3 have been together.
It always seem to be pretty much the same cast of characters from company to company. Some of these guys have been together for years. Helluva team.
I know for FACT, that they own pictures of equipment, and pictures of precious metals. They are there for all to see on the ALTO website.
If you do a search for Alto on the SEC homepage, then sift through all of the 8k's declaring the sale of another 20 million shares, you may find one that indicates that they actually own or owned mining equipment.
"ya i got it...took me awhile to get the right link....do they(alto) actually own any equipment? is there anyway to find out what material assets they own?......"
Owned by Mark Daniel Klok. Heres a starting point for your dd into them.
http://sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001486668&owner=include
This is from the Medoro site.
I think that's Klok with a backpack on walking backwards.
http://www.medororesources.com/index.cfm?pagepath=Photo_Gallery&id=24623
You dont need radar, I hear the gold is just laying on the ground everywhere.
One share is ok. You can still attend the annual shareholders meeting. Im hoping its at the FPC in Pensacola this year.
A classic sham PR. "Mr. Klok"... I hope I get to hear a judge say that someday soon. Or a federal agent, "please put your hands behind your back Mr. Klok", or "watch your head getting into the car Mr. Klok".
It's awesome that you invited Mark to the party. Maybe he'll sell another 20 million shares and spring for a 12 pack and a pizza.
Oh man, lets hope they fired the wrong guy. That letter along with the firing is enough to warrant an investigation in my opinion.
If Klok was still involved with VMGI they would be dumping 20 million shares every two weeks, just like he does with every single other company he is involved in. Thats not happening here, so no Klok. Its a dead giveaway that he's not here.
“Noli sinere nothos te opprimere”.
We tried, but you got us Mark.
How do you say don't let the Federal Agents hunt for me oh Lord, in Latin.
I remember reading press releases telling us how they just purchased a Trommel, Nessie Dredger, ground penetrating radar and on and on. Arent mine claims assets? What happened to all of that mining equipment. Call me crazy but you can't mine without it!
Only 10k in assets?
I dont remember off hand, but were there any PR's that actually happened as touted? Any at all? I know that dilution followed every single one.
Another one? The Devil you say!
I was going to reply with "is not"! But your reply is much more precise, and factual. Wow.
I love the satelite map. I always look at that too. You might see that a mining exploration company is being run out of a house then charging the "company" $15k a month, to be compensated at a later date, for the office and "reception area" and "board room", etc. I love it.
I saw Howie klok, etc listed amongst a jumbled mess of names starting with that guy and holdings etc.
You did it again.
Here you go: http://www.merriam-webster.com/
Try "spell-checking" in next time.
And there it is. Good call GCRC. Wow.
The old, now you see me , now you dont! Expect offices to appear from other states before he disappears with the bags full of money.
Wow, finally went through the 0020's. What a mess. Shame on you Klok.
I hope they have insurance or else it's gonna cost at least 20 million shares to cover that bill. Maybe 30 million at these prices.
Wasnt that where the gold was just laying all over the ground LOL! Damn, what a piece of work.
You're right on. Thats whats gonna happen here imo. It's coming soon.
Im looking forward to where klok will show up next after this runs to trip 0's. I'm hoping it's federal prison, but I doubt it.
They will have value soon, as a tax write off!
Every weekend you can rest knowing that your 8 shares held their value for 2 consecutive days!
21 minutes ago - CCN via Comtex
Marketwire Canada
Scorpio Gold Corporation (TSX VENTURE:SGN) ("Scorpio Gold" or the "Company") today announced that Golden Phoenix Minerals, Inc. ("Golden Phoenix"), its 30% joint venture partner on the Company's Mineral Ridge project (the "Mineral Ridge Project"), has entered into a debt financing arrangement (the "GP Debt Financing") with Waterton Global Value, L.P. ("Waterton"), Scorpio's existing lender. In connection with the GP Debt Financing, Golden Phoenix has granted Waterton an option (the "Waterton Option") to acquire Golden Phoenix's interest in the Mineral Ridge Project. Scorpio has consented to the Waterton Option and agreed that upon the exercise of the Waterton Option, Waterton will become Scorpio's joint venture partner in the Mineral Ridge Project. In connection with the GP Debt Financing, Golden Phoenix and Scorpio have agreed to amend certain terms of their joint venture, as described below.
Under the original terms of the joint venture operating agreement in respect of the Mineral Ridge Project (the "Operating Agreement"), Scorpio had the right to increase its joint venture interest by 10%, to 80%, by providing 120% of the estimated costs of placing the Mineral Ridge Project into commercial production within 30 months of acquiring its interest in the Mineral Ridge Project, with commercial production being defined as operating the mine for a period of six consecutive months at 70% or more of the average life-of-mine production capacity, as set out in a feasibility study. Additionally, the Operating Agreement provided that if Scorpio increased its joint venture interest to 80%, it would have the right for a period of 24 months to buy-out Golden Phoenix's remaining 20% joint venture interest at the net asset value of such interest, as determined by an independent valuator (the "Buy-Out Right").
In connection with the GP Debt Financing, the Operating Agreement has been amended to provide that Scorpio may now increase its joint venture interest to 80% by funding 100% of the capital expenditures required to place the Mineral Ridge Project into commercial production, which is now defined as the production or processing of a minimum of at least 3,500 ounces per month of gold products from the Mineral Ridge Project for a period of four consecutive calendar months. A feasibility study is no longer required. In addition, Scorpio has agreed to waive the Buy-Out Right with respect to Golden Phoenix, or Waterton if Waterton acquires Golden Phoenix's interest in the Mineral Ridge Project pursuant to the Waterton Option.
Peter J. Hawley, President and CEO reports, "We are pleased that Waterton has chosen to get further involved in the Mineral Ridge Project. The changes made to the Operating Agreement will give Scorpio the ability to increase our joint venture interest in the Mineral Ridge Project to an 80% level more quickly, and we anticipate that if Waterton exercises its option to acquire Golden Phoenix's interest in the Mineral Ridge Project, Scorpio will gain a joint venture partner with the financial resources and experience to work with us to develop and expand the Mineral Ridge project to its full potential".
Cheryl Brandon, Portfolio Manager at Waterton, stated, "we are very pleased to have established the basis for a future joint venture partnership with Scorpio Gold. This partnership provides Waterton Global with the opportunity to work with an established mining team in the highly prospective Nevada region to further expand production from Mineral Ridge. As a result of our long term relationship with Scorpio Gold as their project finance lender, we have a high level of confidence in management's ability to execute their expansion plans and reach commercial production in the near term. We look forward to further strengthening our relationship with Scorpio, not only as a lender but as a partner in the future development of Mineral Ridge."
For more information on Scorpio's existing debt financing arrangements with Waterton, please see the Company's news releases dated October 8, 2010, October 25, 2010 and May 26, 2011.
For additional information please see the Company's website at www.scorpiogold.com.
ON BEHALF OF THE BOARD
SCORPIO GOLD CORPORATION
Peter J. Hawley, President & CEO
The Company relies on litigation protection for "forward-looking" statements. This news release contains forward-looking statements that are based on the Company's current expectations and estimates. Forward-looking statements are frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate", "suggest", "indicate" and other similar words or statements that certain events or conditions "may" or "will" occur, and include, without limitation, statements regarding the Company's plans with respect to the exploration and development of its projects. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause actual events or results to differ materially from estimated or anticipated events or results implied or expressed in such forward-looking statements, including those risk factors outlined in the Company's Management Discussion and Analysis for the year ended December 31, 2010 as filed on SEDAR. Any forward-looking statement speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise. Forward-looking statements are not guarantees of future performance and accordingly undue reliance should not be put on such statements due to the inherent uncertainty therein.
SOURCE: Scorpio Gold Corporation
Scorpio Gold Corporation
Peter J. Hawley
President & CEO
(819) 825-7618
phawley@scorpiogold.com
www.scorpiogold.com
Investor Relations
Torrey Hills Capital
Andrew Hoffman
(858) 456-7300
ahoffman@torreyhillscapital.com