The Company elected to write off its investments in Hunt Gold Corporation due to its (a) Shares of Common Stock being relocated to the “Grey Market” (b) its loss of all of its Mining Assets due to its inability to meet contractual obligations to Searchlight Exploration, LLC and (c) because of lawsuits iniated against former Directors of Hunt Gold Corporation (then known as Prime Time Group, Inc.) and (d) due to Hunt Gold Corporation becoming hopelessly Insolvent as a result of these actions.
~!~ Of course a reverse split already happened in 2007 1:2000
These rumors in respect of this Reverse Split of the Company's shares of Common Stock are false, misleading and blatantly untrue and were disseminated by malicious posters, with possible criminal intentions, on the various Internet Stock Chat Forums and were deliberately designed and calculated to spread fear and concern amongst our loyal stockholders.
These individuals posting on these Internet Stock Chat Forums are actively and aggressively seeking to cause irreparable harm to the Company, its stockholders and its stock price. These individuals have been very actively engaged in malicious, illegal, defamatory or harmful activities on Internet Stock Chat Forums on a daily, if not hourly basis; which were planned, calculated, premeditated and designed to cause irreparable financial harm to the Company, its Officers and its Stockholders .Their actions have already caused severe but as yet financially unquantified damage to the Company, its Stock Price and to its Stockholders.
The Company assures its stockholders that it has not, nor has it considered any such Reverse Split of its shares of Common Stock. Management is of the opinion that any Reverse Split of the Company's shares of Common Stock would be costly, unnecessary and would not be in the interest of our stockholders. Various Loan Note Holders who accepted substantial number of shares of your Company's Common Stock in partial settlement of debt would be furious and unsupportive of your Company if any Reverse Split of the Company's Common Stock was considered.
