Gold Exploration in West Africa

[FL]

I find the WAGI web-page... a bit unreassuring

The West Africa Gold, Inc. (WAGI on OTCBB and Pinksheets) web-page is quite elaborate with snazzy features and links, but ...

About three billion shares out, ten billion authorized. Plethora of semi-relevant and irrelevant web links. Gushing praise for obscure properties (see the Arizona announcement). Cobbled from a shell and remnants. Attempts at hype. Different classes of shares, most "awarded" rather than directly bought for money.

Instead of a reverse 1 for 10 stock split, they should have done a reverse 1 for 10,000 split. Even after declining 90% from a tiny-volume high to a higher-volume US$0.06/share now, the implied market capitalization (of about US$180,000,000.00) seems preposterous to me, from a first glance at this company.

(I know no reason to question the properties themselves, nor the local expertise; the Tuareg Shield especially has possibilities. It's just the company.)

Of course I could be very wrong. Does anyone here have a correction, or a contrary opinion?

FL