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Friday, March 04, 2016 7:21:56 PM
So, if no regulator agency review those documents and they can ommit information, are the gold sales another lie?
Of course they are. MNGG produced no gold - they claimed to be producing gold where no economically recoverable gold exists. And absolutely no gold could be recovered from that material utilizing the processes they claimed to be using, at physically impossible grades. It was a very obvious lie. And Joel was so clueless about mining and financial statements that he couldn't even make up even remotely plausible lies. He claimed to be selling gold with ZERO cost of production. And what he sold was labeled "scrap" by the pawn shop buyer - if any really was sold, it was scrap gold sent to his cash for gold operation back east, not from mined material in Arizona.
Legitimate companies register and report to the SEC. Those that aren't, don't. MNGG not only is not an SEC reporter, it used to be before Joel took over. He intentionally deregistered with the SEC. Only one reason companies do that - to run a scam. Which Joel most clearly did.
Joel is in hiding. It is almost certain he will not be heard from again. Outside of court, of course.
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