With all due respect, dischino, what part of this statement has anything even remotely to do with SLGLF:

"It is only a matter of time, when the giants will move into well-chosen and professionally operated explorers trading for pennies on the dollar."

Well chosen?
Professionally operated?
Explorer?
Pennies on the dollar?

None of the above apply. SLGLF has ceased to be a going concern. Garry has gone missing for many months, all mines are abandoned, the main office is/was a post office box in a UPS store.

coldfoot - you're forgetting that Garry actually reacted to the enormous growth (of stock float) by moving his company not once, but twice, to their current location in the posh, upscale suite they now occupy.

Remember the years of torment he endured while carefully and diligently reviewing all the fantastic takeover and junior partnership deals offered him until deciding not to take any of them. Can anyone blame him for taking some well deserved r&r in an undisclosed location?

IMO, the single best name ever conceived for a business entity remains "Tri-con mining".

Pretty much says it all.

GR8FX - then you are unmasked as the imposter your posts seemed to imply.

Unless your stake in SLGLF was less than $1,000, you could not possibly have sold it on 12/30 for your tax loss as you claim as the daily volume was only 2M on that day, or about $3,300 total for all sales, buys plus sells.

Nice try though.

GR8FX - do you seriously invest anything without doing due diligence first? All the available information is staring you in the face, freely available even on Silverado's own web site as they were required to file (at least until their recent move to the pinks).

There is a very, very long history to digest - you really should at least have made an attempt first. It would have saved you some coin as there is zero chance of any mining (see: no permits, all claims abandoned, no drilling for 3 years, no money, etc., etc.) or of a takeover (see: Garry Anselmo $4M golden parachute clause).

This operation seems to have been set up to mine investor's wallets, and Garry was quite good at that.

Looking forward to seeing boardmarker's photos of the swank new office suite. Does your camera have macro capabilities? You might need it to get in close enough.

There hasn't been a massive sell off because each sell requires someone else to buy and given that the stock is about to be delisted, there are zero buyers willing to take any risk.

It would appear that those currently holding have become bagholders unless a miracle occurs between now and Monday evening and Garry somehow files his late 10K.

Cooky has posted the listing rules of engagement. Again, barring an 11th hour miracle, there will be no pink sheet listing, only a delisting from OTCBB. There will no longer be any vehicle with which to trade the stock at all, and anyone holding it will be stuck with worthless paper.

I'm not even sure what the tax implications would be - can a holder of worthless, delisted stock claim it as a tax loss? I would hope so, but I have no idea never having experienced this before.

yea

boardmarker - so I gathered from your talk with cooky over on yahoo.

Looks like they already turned out the lights, the party's over.

Will someone be posting the photos for the group?

upstocks - exactly how and when do you anticipate the CTO being lifted? You are aware, are you not, that the 30 day grace period for non filing of the 10K runs out Monday? That leaves exactly one business day for Garry to file the 10K in order to avoid delisting.

Once the stock gets delisted, the CTO is of no consequence and stockholders will become bagholders with no way to recoup any of their investment.

There is still that 1 day to comply, but given zero communication from the company for going on 5 months now, it's not terribly likely that things will suddenly change at the 11th hour.

Good luck.

Thanks LilDigger. This confirms that SLGLE has only until 4/2 to file the 10K or be immediately delisted from OTC.BB.

I notice that another stock on the list SRRLE had until today to file, and they appear to have filed their 10Q yesterday so perhaps there is still time for Garry if he chooses to keep the operation going.

We shall see...

LilDigger - can you confirm that April 2 is the date by which SLGLE must file last year's 10K or face immediate delisting from the OTCBB within 2 business days?

That would mean that the stock will disappear for good next Wednesday.

It looks like someone has successfully sold a couple million shares today, but the bigger question is who would be buying it and why, knowing that only 3 trading days remain before delisting?

Thank you LilDigger for posting those important dates.

It would seem that April 2 is really the key one. If the 10K has not been filed by then, the stock will be delisted on April 4 and the other dates then become moot, do they not? There would be no need for a shareholder meeting or new 10Q filing.

Is there any evidence that Garry has asked for an extension, or filed a request for one?

One phone call to Bob Dynes over 5 years ago was all it took for me to see this for what it is. The BS being slung as if it was the truth was staggering. Vast reserves, billions in Chinese investment money, fully funded fuel depot in Malaysia, massive government contracts for LRCWF, etc., etc., etc.

dischino - April 2. Put it in your day planner. It appears that is the date the coroner will put on the death certificate.

So what made you finally decide, with only 6 days until the end, to stick your head out of your cave? Too bad you didn't try it a couple years ago. It would have saved you all your $$$.

BTW, just because someone has an engineering degree doesn't mean he or she won't bend the rules for some cash on occasion. No wonder Garry was able to con you so easily. I remember you claiming you'd called the company several times and got no response at which point you then bought more! I have a bridge to sell you.

One call to Bob Dynes 5 years ago was enough to prove this one out to me. It was the single most disturbing call I've ever had with an officer of a public company. A total disgrace. The biggest BS I'd ever heard.

As I am fond of saying, best free entertainment on the net!

But not for much longer...

Dischino - about time you pulled your head out of the Barney Board sand and started looking around.

The stock will not move to the pinks (see many posts with links to the rules from cooky on the Yahoo board) unless a MM is willing to pay the fees for the move, and given that there is only 1 MM left, and they are there only by rule as the last man standing, that is not happening. It simply gets delisted from OTCBB and disappears by default.

That is what will happen by SEC rules 2 days after the 30 day grace period expires without updated filings, or on April 2 - 7 days from today.

Unless somehow Garry pays for and files late in time to save this, it is sayonara, gone for good. Looks like you are going to be left holding the bag, but it's not like you haven't been warned over and over for the past three years.

In the future, I would strongly suggest you actually do some dd on the stocks you are looking to purchase, rather than relying on what you read on a chat board, or what someone tells you without any proof. All the info you needed to see this coming a million miles away has been there for years. all you had to do was open your eyes. Sorry it's too late now it would seem.

repo, with all due respect, "I've caught her in so many lies" without ever posting a single shred of evidence to back your claim just doesn't cut it.

That crap has been going on all these boards for years. Cooky posts actual filings and links to actual, documented evidence to support everything she claims.

You and the other paid touts and blind fools simply call her names and never post anything of substance.

It's been quite obvious to anyone with half a brain for a long time who is telling the truth, and in 11 days the final proof will be presented when this stock, mercifully, is finally delisted and removed forever.

Ignore her at your own peril. She is the most informed, accurate source of info on this scam and has been for years.

T-minus 12 days until this pos ceases to exist as a trading entity.

Let's see how many of you are still there the day after. On that day, any chance you have to recoup at least some of your lost money is gone forever.

The best free entertainment on the net is finally shutting down.

upstocks - was that you emptying your pockets to buy the whopping $90 of stock traded today?

Not a bad volume day for the "world's largest gold and antimony mine", eh?

upstocks - too bad they're looking for the mother "lode" instead. Maybe you're right - the mother "load" is about to be dumped. Will you be the last one standing when they turn out the lights?

Of course I know what you mean. I just don't believe in trading scams. Good luck to you if you do. In any event, I think the days of trading this crap are over unless you're looking at making a hundred bucks or so on the moves.

The chart looks good? LOL - turn it over. You're looking at it upside down.

don't worry upstocks - it will get even cheaper if you're just a little more patient!

upstocks - if you're going to lie about your trades, at least report ones that were possible.

There was only one small trade during the day at 0.0011 and it was a sell. You could not possibly have bought for under 0.0013 at any point.

I challenge you to post your real time trade info from your broker.

That's right. You can't because it doesn't exist.

But if you wait a few days, you might just get that fill at 0.0011, or maybe even 0.0009 if you're lucky.

A fool and his money are soon parted. Nobody, including upstocks, could be foolish enough to be buying this stock any more at any price, let alone publicly admitting it.

JusDePomme - "jus" out of curiosity - who pays you? How can you call a trade for $2.00 (1,000 shares @ 0.002) which moved the stock 10% just before the close a "nice closed (sic)"?

This stock is a scam, always has been, always will be. You could have made money over the years by playing the frequent pump and dumps that always accompanied new private placements, but, alas, those days are over.

Sorry upstocks, but you are wrong. You need to do your own dd instead of just listening to what Terry and Bob tell you.

The BCSC requires a CTO'ed company to hold a shareholder meeting in order to get the CTO lifted if it has been more than 90 days since the CTO was issued.

Paragraph 5 of National Policy 12-202: Revocation of a Compliance Related CTO clearly states this:

(5) Annual meeting
An issuer that applies for the revocation of a CTO should ensure that it has complied with the annual meeting requirement.
If the issuer has not complied with the annual meeting requirement, we will generally not exercise our discretion to issue a revocation order unless the issuer provides an undertaking to the relevant securities regulatory authorities to hold the annual meeting within three months after the date on which the CTO is revoked.
Any such undertaking will not, however, relieve the issuer from any obligation it may have under the relevant legislation containing the annual meeting requirement.

Complete text can be found at:

http://www.gov.ns.ca/nssc/docs/np12-202.pdf