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Wednesday, June 23, 2010 8:00:05 PM
Wake UP PEOPLE!!! Chairman’s Message
In late November of 2009, I along with the Advisors to this Company realized that it was in the best interests of our stockholders to seek a buyer for the Company’s passive interests in the “Bouse” and “South Copperstone” Gold Properties in light of soaring gold prices.
I had previously dealt with the very long and expensive payment of three previous Stock Dividend payments and was faced with the problem requiring a resolution of the remaining two historical Stock Dividend payments, coupled with my need to seek a buyer for the remaining and valuable assets of the Company and to distribute those proceeds to our stockholders as a final distribution of our Company’s assets.
At that time, in order to achieve a satisfactory outcome for our stockholders, I faced a number of obstacles which I am now pleased and very relieved to report, have been overcome. These were:
¦The appointment of a Transfer Agent to the Company due to the resignation of the former Transfer Agent.
¦The audits of the stockholder register to correct errors relating to a 2007 Dividend declared by the Company.
¦The removal of the then “STOP” sign placed upon the Company by the OTC Pink Markets, Inc. to that of “Limited Information”. The placing of a “Caveat Emptor” symbol this month by the OTC Pink Markets, Inc. is irrelevant to our stockholders at this point and despite our best efforts, we are not in a position to have this removed. I have dealt with this subject more extensively in the “Q & A” Section of this web site.
¦The reduction of the Company’s authorized Share Capital from that of 5 Trillion shares of Common Stock to that of 85 Billion shares of Common Stock.
¦To create a new transparency and information flow to our stockholders throughout this process through “Twitter” updates as well as costly Press Releases and voluntary Regulatory Filings with the SEC.
¦To obtain the consent of significant external stockholders in both Bouse Gold, Inc. and in South Copperstone, Inc. to act in concert with ourselves to achieve the sale of these two Gold Properties to a single Purchaser.
¦To obtain sufficient financial support to finance this process as the Company at that time had no cash whatsoever.
¦To work with Searchlight Exploration, LLC in this process, in order for Searchlight Exploration, LLC to accept a revision of the rights vested in them in order to make these two Gold Properties acceptable to a Purchaser.
¦Very importantly, to prevent historical and disgruntled long term Loan Note Holders from foreclosing upon our Company’s assets and persuading them, in the majority, to accept shares of our Company’s stock to eliminate the bulk of our long term debt. In total, we are able to reduce long term debt this year to an amount of US$455,981.65 plus accrued interest as at today. A total amount of US$3,829,874 plus interest in the amount of US$150,126 was retired by the Company in and during 2010.
¦Both Bouse Gold, Inc. and South Copperstone, Inc. had to be put in “Good Standing” with the Secretary of State in Wyoming and outstanding State Taxes settled.
¦The historical DTCC “Chill” placed upon the Company was removed.
¦All legal and financial issues facing the Company were satisfactorily resolved, paving the way to the completion of the sale of our Gold interests.
¦Achieve a sale process that dealt with and paid the remaining two historical Stock Dividends declared by the Company.
I appointed an Investor Relations firm to deal with and to assist our stockholders on a day to day basis and to guide them through this complex sale process and through the payment process of the single Extraordinary Dividend being declared by the Company in the forthcoming weeks. I am satisfied that all stockholders are receiving the support and answers that they require in order to make the correct decisions in respect of the holding in our Company. I trust that this web site will further enlighten, inform and guide our stockholders through this final chapter.
The sale process has been protracted and complex. However during this process, the price of Gold has soared from around US$1,000/oz to all time ever record high prices in excess of US$1,230/oz. Moreover we are able to overcome these substantial hurdles as outlined above and at this time we are now have a substantive agreement in place in order to complete the sale of our Gold interests.
I am delighted to have secured the sale of our Company’s interests at all time ever record Gold prices. We have been able to deal with all conditions precedent in order to complete upon the sale of our Gold interests. Over the next few weeks, the deal which has already been agreed upon will be executed and our Transfer Agent will deal with the dates for the payment of the sale proceeds through a single Extraordinary Dividend to our stockholders.
It has been a long and at times, a very difficult journey for all involved but we have prevailed and I personally wish to extend my heartfelt thanks to our patient and supportive stockholders. It is with great pleasure that I am now able to say that this process is now in its final stages and the next few weeks, I will have honored every single one of my undertakings to our stockholders and with our Company’s assets being distributed to our stockholders at a price per share that this Company has not seen in many years. With all of the support received over these past six months, we achieved “top dollar” for our Company’s assets.
I, along with advisors, have decided that no further Press Releases, Regulatory Filings nor updates of any nature are required at this stage. I have clearly stated in Press Releases and in Regulatory Filings that this is “a done deal” and provided the pricing guidelines for these transactions.
On a final note, I wish to extend my sincere gratitude to all of those who believed in the Company, provided the lifesaving finance to complete this process and to those Loan Note Holders who supported my vision and exchanged their debt in order to become stockholders in our Company.
Peter J Bezzano
June 13, 2010
Good trades to longs: http://www.fortfinancegroup.com/chmessage.html
Rocket Man
In late November of 2009, I along with the Advisors to this Company realized that it was in the best interests of our stockholders to seek a buyer for the Company’s passive interests in the “Bouse” and “South Copperstone” Gold Properties in light of soaring gold prices.
I had previously dealt with the very long and expensive payment of three previous Stock Dividend payments and was faced with the problem requiring a resolution of the remaining two historical Stock Dividend payments, coupled with my need to seek a buyer for the remaining and valuable assets of the Company and to distribute those proceeds to our stockholders as a final distribution of our Company’s assets.
At that time, in order to achieve a satisfactory outcome for our stockholders, I faced a number of obstacles which I am now pleased and very relieved to report, have been overcome. These were:
¦The appointment of a Transfer Agent to the Company due to the resignation of the former Transfer Agent.
¦The audits of the stockholder register to correct errors relating to a 2007 Dividend declared by the Company.
¦The removal of the then “STOP” sign placed upon the Company by the OTC Pink Markets, Inc. to that of “Limited Information”. The placing of a “Caveat Emptor” symbol this month by the OTC Pink Markets, Inc. is irrelevant to our stockholders at this point and despite our best efforts, we are not in a position to have this removed. I have dealt with this subject more extensively in the “Q & A” Section of this web site.
¦The reduction of the Company’s authorized Share Capital from that of 5 Trillion shares of Common Stock to that of 85 Billion shares of Common Stock.
¦To create a new transparency and information flow to our stockholders throughout this process through “Twitter” updates as well as costly Press Releases and voluntary Regulatory Filings with the SEC.
¦To obtain the consent of significant external stockholders in both Bouse Gold, Inc. and in South Copperstone, Inc. to act in concert with ourselves to achieve the sale of these two Gold Properties to a single Purchaser.
¦To obtain sufficient financial support to finance this process as the Company at that time had no cash whatsoever.
¦To work with Searchlight Exploration, LLC in this process, in order for Searchlight Exploration, LLC to accept a revision of the rights vested in them in order to make these two Gold Properties acceptable to a Purchaser.
¦Very importantly, to prevent historical and disgruntled long term Loan Note Holders from foreclosing upon our Company’s assets and persuading them, in the majority, to accept shares of our Company’s stock to eliminate the bulk of our long term debt. In total, we are able to reduce long term debt this year to an amount of US$455,981.65 plus accrued interest as at today. A total amount of US$3,829,874 plus interest in the amount of US$150,126 was retired by the Company in and during 2010.
¦Both Bouse Gold, Inc. and South Copperstone, Inc. had to be put in “Good Standing” with the Secretary of State in Wyoming and outstanding State Taxes settled.
¦The historical DTCC “Chill” placed upon the Company was removed.
¦All legal and financial issues facing the Company were satisfactorily resolved, paving the way to the completion of the sale of our Gold interests.
¦Achieve a sale process that dealt with and paid the remaining two historical Stock Dividends declared by the Company.
I appointed an Investor Relations firm to deal with and to assist our stockholders on a day to day basis and to guide them through this complex sale process and through the payment process of the single Extraordinary Dividend being declared by the Company in the forthcoming weeks. I am satisfied that all stockholders are receiving the support and answers that they require in order to make the correct decisions in respect of the holding in our Company. I trust that this web site will further enlighten, inform and guide our stockholders through this final chapter.
The sale process has been protracted and complex. However during this process, the price of Gold has soared from around US$1,000/oz to all time ever record high prices in excess of US$1,230/oz. Moreover we are able to overcome these substantial hurdles as outlined above and at this time we are now have a substantive agreement in place in order to complete the sale of our Gold interests.
I am delighted to have secured the sale of our Company’s interests at all time ever record Gold prices. We have been able to deal with all conditions precedent in order to complete upon the sale of our Gold interests. Over the next few weeks, the deal which has already been agreed upon will be executed and our Transfer Agent will deal with the dates for the payment of the sale proceeds through a single Extraordinary Dividend to our stockholders.
It has been a long and at times, a very difficult journey for all involved but we have prevailed and I personally wish to extend my heartfelt thanks to our patient and supportive stockholders. It is with great pleasure that I am now able to say that this process is now in its final stages and the next few weeks, I will have honored every single one of my undertakings to our stockholders and with our Company’s assets being distributed to our stockholders at a price per share that this Company has not seen in many years. With all of the support received over these past six months, we achieved “top dollar” for our Company’s assets.
I, along with advisors, have decided that no further Press Releases, Regulatory Filings nor updates of any nature are required at this stage. I have clearly stated in Press Releases and in Regulatory Filings that this is “a done deal” and provided the pricing guidelines for these transactions.
On a final note, I wish to extend my sincere gratitude to all of those who believed in the Company, provided the lifesaving finance to complete this process and to those Loan Note Holders who supported my vision and exchanged their debt in order to become stockholders in our Company.
Peter J Bezzano
June 13, 2010
Good trades to longs: http://www.fortfinancegroup.com/chmessage.html
Rocket Man
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