US Gold Corp (USAU)

[carl_52fl]

I agree with you:
Seems like Aquam was part of an insider role.

But the bottom line is this: I did speak with Steve Spalding, and he was very candid. There were 87 shareholders holding approx. 430 mil shares of stock in what is now a private company with the only assets are the rights to two possibly gold-producing properties. Steve did say that he worked months for no pay, only shares, and he stands to lose all if nothing happens.

3 scenarios exist:
1) the company somehow raises $1.5 mil and that would be sufficient to get production going and shareholders could do alright. Raising money in this environment is not easy.

2) another publicly trading company takes on the properties for restricted shares in their company. Shareholders of old USAU would at least have something, who knows what it would equate to.

3) nothing happens. The company loses their property rights to their properties and the scam is complete. 80 + Angry shareholders never forget and hound these crooks for the rest of their days. I promise, I will be one of them.