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Re: Mattu post# 857

Friday, 12/27/2002 1:14:35 AM

Friday, December 27, 2002 1:14:35 AM

Post# of 8638
I wrote letters to the SEC and to NASD. The company and the president were charged with securities fraud. The company copped a plea and the pres got off on a "close case" where the SEC failed ot meet their "considerable burden of proof".

So then the pres sued me personally and I fought for over a year to have the case dismissed, after his scumball lawyers tried an end run to get default judgement. I had it dismissed.

The company is fully diluted at more than 400 million shares and has about seven million of debt. It has a cheesy little placer mine in Bolivia that any moron could build for under two million. I built one about the same for about 300K.

It is a gold mining play and if people want to be separated from their money that is their right. The company is up to date on the filings but the Americans have not yet figured out how to regulate penny mines. Why do you think that the Canadian Crooks went down there with the scams like MDMN, NPEC etc

GE pays huge salaries and runs incredible G&A expense. So far the losses are over 20 million dollars with virtually nothing to show for it. Current gross sales will not come close to paying the G&A let alone the production costs.

I was warned when I came here that this is a "pumpers only" site and that you were more interested in hype than truth.

You jumped to a totally unfounded conclusion regarding why I deleted that post and my view of you is that you are very immature with no real business experience or education outside of the "nerd world". How did you decide that, anyhow??

Maybe you should take some more lessons from Bob or consult with him before you make your typically rash decisions??