GoldMountaion Explorations (fka GMEX)

[stockhound08]

I got the same mailer from American Speculator. Disclaimer say's they were paid $440,000 to publish and distribute this BUY Alert. So be careful.

I studied it a little. One thing that was interesting was that American Speculator states that one of the broad criteria that they use in selecting a candidate stock is that a stock should have "50 million or fewer shares outstanding."

Something doesn't add up here. This advertising seems to be written around August 2007. Previous post indicates there are 400 Million shares outstanding.

I seem to agree that owner is selling into the strength of new investors.

Just my take on the little bit of Due Diligence that I did. I will look back in a few weeks. Story sounds good, but potentially 51% of the 400 million shares outstanding are owned by a motivated seller. This will weigh it down for a while since there is low volume. 100K shares a day. I might buy it in the 10 cent range. Valueing the company and assets at $40 million.

If I'm missing something let me know.
Thanks.