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Thursday, January 06, 2011 2:50:01 PM
The details of my complain:
On the January 6, 2011, the company released to the press update where is stated :
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The Company will not change its name and the transaction does not involve a reverse-split of its stock. No new shares of common stock have, or will be, issued in order to complete transaction. The current issued and outstanding shares (approx. 4.7 billion) remain the same as pre-transaction.
-------Attached link: (3'rd paragraph of this PR ) ----------
http://finance.yahoo.com/news/Plateau-Executes-New-Gold-iw-662420341.html?x=0&.v=1
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However on December 13'th ,2010, the company increased the number of Authorized shares to 15 Billion ( fifteen billions )
-------------- Attached link ---------------------
http://ccfcorp.dos.state.fl.us/pdf/88755091.pdf
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This document is showing very sharp increase in numbers of Authorized shares from 5 Billions previously reported on Pink OTC Markets report.
Due to signed letter by Anthony K. Welch, who holding position of the director of Plateau Mineral Development, Inc (Plateau Metals), and incomplete information on two sources, OTC market and the last PR, I can assume that the company doesn't show the full transparency for its investors and this fact badly impact relationship between the company and its shareholders.
In this complain I would ask SEC to bring their attention to details in my report and intervene in such poor transparency from Plateau Mineral Development's management.
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