Raven Gold Corp. (RVNG)

[nodummy]

Not sure if you realize this, but anything RVNG may have said they had going in 2007 never materialized into any revenues and has long since disappeared.

I reviewed the old financial filings and RVNG defaulted on their mining leases in May of 2008 after having borrowed almost $2.5 million total to keep up with the lease payments to Tara Gold the previous 2 years.

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=6750361



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The current situation for RVNG is pretty bleak.

From the last 10Q:

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=7796343

The Company has not realized any revenues since inception. The Company is presently operating at an ongoing deficit.

No revenues ever in the company's history.

The last 10Q shows absolutely no assets besides $158 in cash. No properties, no patents, nothing. Just $158 in cash.

The last 10Q also shows that RVNG owes $3.4 million in loans and accrued interest on those loans.

And just in case anybody is speculating that something might be in the works. The last 10Q clearly states that there is nothing in the works that could change the financial situation for RVNG in the foreseeable future:

There are no off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on our financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources that is material to investors.


Nothing in the works that will help the financial situation.

If anything those debt Notes will end up leading to some serious dilution before this company works out any kind of real operations.


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RVNG is a debt riddled empty shell that was used for a Stock Rock & Roll LLC Pump & Dump.

I don't think the company was involved in any of the promotions and the company has done nothing to mislead investors who are willing to take the time to read their financial filings.