US Gold Corp (USAU)

[carl_52fl]

I received that info from a phone conversation I had with Mr. Spalding over a month ago.

He said they would try to raise money. They need $1.5 mil to get one property in production.

I think, these guys just want it to blow over, and they will get something for the property rights and pocket it themselves. The share count went from 366 mil to 432 mil in the last months of trading, so it is not hard to surmise that these guys got shares and cashed them in for anything they could get. And now, they are acting like they are victims themselves.

They have a list of the shareholders and there were 87. Sending some sort of correspondence to these investors would be the professional thing to do. But I guess professional scam artists do not.