Marvion Inc (MVNC)

[Ronin]

Letter to stockholders...

https://www.otcmarkets.com/financialReportViewer?symbol=BONZ&id=171399

To the Shareholders of Bonanza Goldfields Corp:

The Quarter ended March 31,2017 was the first quarter for our new management team at Bonanza
Goldfields.

We have received calls from many shareholders asking about the plans for your company and will be responding in a series of letters. This letter is about our mines at Chloride, Arizona.
Bonanza Goldfields has been in the mining business for almost a decade. The company attempted to open a mine and processing facility near Congress, Arizona named the "Tarantula Mine." After
spending a total of about $6,000,000 from inception, the company was unable to attract further financing. So back in 2013 it sold the Tarantula Mine to another mining company for stock valued conservatively at $38,000 by the company's accountants. The company continued evaluating other mining claims to explore, waiting for the market to improve.
On the positive side, the company paid off a majority of its convertible debt at the time of the 2Ot3
Tarantula Mine sale. We expect to extinguish the last $35,000 of our convertible debt during the
second quarter of 2017 . Many smaller public companies are only able to raise money by selling convertible debt, which is convertible into common stock at a discount from the prevailing market
price. This dilutes the other stockholders. We hope to avoid this in the future.
Bonanza Goldfields has a loyal stockholder base. We have heard from stockholders who have owned BONZ for over 3 years. There are over 23,000 posts about our company on a leading
internet discussion forum.... MORE