AfricaGold, Gwgo...gwgd... just might have been the worst pink play by me ever... I've held this crap forever, and the timing has been horrible. I've never had decent cash at the right times to flip the few and lame chances we had, so I've made barely more than commissions.... again, as I've said before, never have I taken an ounce of their mining interests as remotely authentic ... EVER! This was to be a complete pink flip and cash play gamble, but Axtel and others have kept this crap so far below water level for so long, it just shriveled up any sane trader.
This has always been a classic shell, I knew this, but I make money all the time on shell games... (pun intended). But I'm so pissed at myself for neglecting this steaming pile and letting it get away from me...
I won't pass unfair judgment on people like Wu, if they're latecomers.
But, it's new people's responsibility to themselves to do some real dumpster diving into the histories of these CEO's behind the scenes.
Gwgo/gwgd is a perfect example of how not to be hoodwinked into believing these shells are real companies.
Here's some simple rules....
(1) Is your sub penny stock NOT showing revenue, for like... YEARS?
(2) Do only the 2 or 3 people listed as officers and owners own most of the issued common stock AND maybe the preferred as well... AND
(3) Have salaries in excess of 100G's ... remember, NO revenue..
(4) Have never filed an actual verifiable accountant audit, only non audited statements usually written by the niece of the VP?
Know what really sucks? This probably fits 75% of pink/otcbb companies.
So don't MARRY these shells.... don't even pick out curtains.!
gee, I feel better now.
S5
