Tonogold Resources Inc (TNGL)

[joeblow110percent]

TNGL Financials raise SERIOUS QUESTIONS!!!

Look at the link below and note the financial report pages 12 and 13.

http://www.otcmarkets.com/financialReportViewer?symbol=TNGL&id=118129

1. CEO Mark Ashley's wife Simona Ashley has been given 5 million shares at a total value of $231,500. What "Contract of Employment" did Simona Ashley perform to earn those five million shares? My million shares cost me near $70,000. Times that by five and to me that would be $350,000. WHAT VALUE DID THE SHARE HOLDERS OF TNGL RECEIVE FROM SIMONA ASHLEY’S CONTRACT OF EMPLOYMENT?

2. CEO Mark Ashley’s remunerations was set at $192,000 but the records show that $346,062 was paid in 2013 in wages. ON WHAT OR WHOM WAS THE UNACCOUNTED $154,062 IN WAGES SPENT?

3. In 2012 the company spent $13,314 on promotion. In 2013 that number was about 50% less at $6,615. There is nothing but good news coming out on TNGL. We are going to Full Reporting Status and the big funds will be legally able to buy our stock. We recently had a great press release regarding the purchase of the iron ore mine in Mexico. In spite of this the stock price has retraced by over 50%. I believe this is due to the lack of promotion. IMHO any normal company would by now have a six figure budget and a full time employee promoting the company stock. Mark Ashley’s job is to “Promoting the Company’s interest…..” WHY IS TNGL NOT BEING PROMOTED WITH A SIX FIGURE BUDGET AND PROFESSIONAL PROMOTERS?

4. The figure of $29,647 for “Other” is too large to be included in the general “:Other” category without a more detailed explanation. WHAT SPECIFICALLY DOES THIS “OTHER” INCLUDE?

5. I want answers to these questions and I WILL NOT BE VOTING FOR ANYTHING AT THE SHARE HOLDERS MEETING UNTIL I GET SATISFACTORY ANSWERS. IMHO, THIS LOOKS TO ME LIKE SOMEONE IS STEALING FROM THE COMPANY’S SHAREHOLDERS.

6. In the end if I complain on my own I will be the ignored, disgruntled share holder. This will boil down to a vote. A consensus on this is needed for any solutions to occur. Please look at the financials yourself and make your own conclusions. The coming share holders meeting on 14 June 2014 may bring an opportunity to voice concern.