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Sunday, May 14, 2017 8:35:27 AM
Rdy1 Saturday, 05/13/17 12:43:09 PM
Re: None
Post # of 52156
They paid "1.25 million" to gain "500 Million" in assets. It doesn't even belong them, they only have a right to use it for 5 years. They also have no clue if the land is even mine-able.
If they could overvalue this asset, I wouldn't doubt they over-value their other assets as well. They only paid 400 something dollars in taxes, thats real low for the 20 million other assets that they have.
This is a scam.
And yours,
The company, as they have little or no money, or means of raising it, paid nothing for said "assets", which are nothing but a figment of their overactive imaginations..
Of course, the gold claims, which it appears they haven't even acquired, by recognized accounting standards, can not have any value attributed to them, even if there were proven reserves there--which there are not..nor is there any chance of proven reserves ever be delineated--not by this band of jokers that knows nothing of mining, or mining exploration, or SEC Guidelines.. which they should adhere to, even though they are not an SEC registrant.
This is a scam.
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