El Capitan Precious Metals Inc (ECPN)

[georgeiporgi]

from joe, he has proved to be reliable
yesterday
"New Update on ECPN: Shareholders have been expecting payment for the deal they made back in December for the 2200lbs remaining at the pilot plant and had been told it would arrive by the end of March. March 31st has come and went without a word. However, the truth is that the "canadian refinery" never processed the material or if they did they did not got any precious metals from the ECPN "hyper-concentrates". Either way, ECPN is NOT GETTING PAID and have been informed they'll get their material back from the refinery. Again, no one knows if it will be old processed material or un-opened drums that were never touched.

What's amazing is David Davidson was paid $10K by ECPN to go and oversee the "baking process". However, Davdison instead pocketed the money and never went to Canada. He's also not returning the money either......

Futhermore, Stapleton had been reporting to board members that the material had been smelted back in February and that roughly 3000oz's had been produced. Apparently it was all a lie and none of this deal was real.

Just another scam run by Stapleton, Lozensky, Davidson and Richau to enrich themselves while driving the value of the company. This way they can engineer a buyout for pennies on the dollar yet have enough equity to retain a substantial position in whatever new company they start. The SEC needs to investigate these con-artists ASAP"