Delta Mining & Exploration (fka DMXC)

[Durkkdiggler]

CARSON CITY - The Nevada secretary of state's Web site invites businesses to the state with a wink and a nod. "Why incorporate in Nevada?" it asks, then answers: "Minimal reporting and disclosure requirements. Stockholders are not public record."

In other words, your investors need know little about how their money is being used, or by whom. If you prefer to operate in the shadows, Nevada is the place.

The pitch has worked. In 2005 alone, Nevada became host to nearly 40,000 new limited liability companies, or LLCs. In the process, the state has collected hundreds of millions of dollars in incorporation fees.

Among the companies that have flocked eagerly to the state: Goldmark Industries, a movie, TV and record company. If its Web site is a credible guide, however, the company has released no movies, no TV shows and no records. Goldmark doesn't answer its phone or respond to e-mail messages.

Nevertheless, late last year it enjoyed a spasm of investor enthusiasm. On Dec. 19 the company, which trades on a small-stock listing service called Pink Sheets, closed at $.17 on volume of 126,286 shares.

The next day, someone began a spam campaign, sending e-mails touting the company to thousands of potential investors. Many people were persuaded.

By Dec . 28 the stock had more than doubled, closing at $.35 on a volume of more than 5 million shares. Then, within two weeks, the stock tumbled back down to $.15.

By all appearances, it was a classic pump-and-dump scheme: Own and control a huge number of shares, push the stock so that its value rises as investors buy in to your e-mailed promises, then sell your shares at the peak and walk away.

Who wins? Usually, the original shareholders, who almost certainly are the people who created the company, often hiding behind a legal mask of anonymity.

DMXC:

State Of Incorporation
NV
Country Of Incorporation
USA
Company Officers
Brett Rodli, CEO
Barry Rayment, Dir.

SEC Reporting Status
non-SEC Reporting Company
Estimated Market Cap
35,000 as of May 3, 2007


http://www.pinksheets.com/pink/quote/quote.jsp?symbol=dmxc#getCompanyInfo