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Re: gemstone57 post# 37823

Friday, 08/06/2010 7:57:25 PM

Friday, August 06, 2010 7:57:25 PM

Post# of 83081
Well Gem just to be courteous I will reply.

A phone call will not return massive losses. It was a process through bad managerial decisions and continued abuses that caused this stock to plummet.

I see some of those practices repeating themselves and will share them if I choose to. I know the effect they can have.

I don't need to talk to you or John or anyone to know what happened.

I was here through all of it.

I also have every right to criticize info that restricts the flow of info to their shareholders.

I happen to be one.

If you want to contribute to humanitarian endeavors try World vision or numerous other humanitarian efforts concentrated on just that.

I expect them to provide humanitarian need with those donations
and I have supported many of them myself.

As far as investing and business goes it is a good thing that our investment may help increase the quality of life for people in SL.

That is a noble cause for SGCP management to support but as a Publicly Traded Company they should be focused on building shareholder value as well.

So far they haven't done so well as a basic 2 year chart will show.

A 3 yr chart is even scarier.

SGCP is not a Registered Charity they are supposed to be a company focused on mining and becoming profitable.

That is by their own admission.

It is up to them to do what they say they will and that is one of the things the market will use to judge them and did.

They did well as they pumped hard rock mining and the Pamapana River but the stock crumbled as those Projects were abandoned with no explanation.

As far as the Pampana River project went they just decided to never mention it again after Reporting increased Recurring Revenues with plans to expand fourfold.

That would have netted more extractions in one month than all of our current Operations did in the first six months of 2010.

Johns initial focus with the company was supposed to be in communications. Thats what he told me and he claimed the website was part of that focus.

You can extol the virtues of John if you like but choosing to resort to a semi annual extraction reporting period has blackened his efforts in communication and he knows it.

The fallout from that decision made that clear.

I think John did an excellent job with the CC development and maybe he is trying to improve communications but he really should have known better with his past involvement with the company than to try what he did.

Management has used communication to limit the flow of info and delay releasing negative developments time and time again which had horrendous impact on stock price.

Repeating those mistakes will not correct anything and certainly will not build shareholder value.

Management has cost me too much to be appeased with humanitarian support.

I would like to see the people of SL prosper with us but that would mean shareholder value increases as well.

Otherwise I would rather support humanitarian need directly through non profit agencies.

I raise concerns counter to your bias and position and I can and have verified them.

There is no doubt about it. I am pretty clear in what I have to say.

I have no intention to stop until management quits making the same mistakes and starts building shareholder value.

I may reign in if I see any real attempt to improve communications and build shareholder value which is why I have held my piece lately.

If you want to continue needling me I will be happy lay it all out more clearly.

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