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Wednesday, August 31, 2011 1:58:03 AM
Crowne Ventures Into Negative Territory
On Insider Dumping!
Overnight Edition: Shareholders of Crowne Ventures (CRWV) who maintained positions into yesterday afternoon became bag holders, as insiders began the wholesale dumping of stock, once it became evident that the share price could not get through the 13 cent resistance level. Attention immediately turned to our advisory on CRWV of a couple of days ago and yesterday's alert. The hit count on our website set a new one day record as over 3,200 page views were counted by GOOGLE during the last three hours of trading yesterday. New subscribers signed up at a record pace as well, as investors new to our website gave us credibility when they discovered that we were the first to call out CRWV for the Pump & Dump scam it actually is.
Our suspicions of fraudulently reported results issued by CRWV were confirmed by one of our readers to whom we are grateful. His contribution pointed us to some history on the Gallo de Oro property CRWV purportedly acquired from World Investments of Mexico and we were able to dig up some supporting documentation.
The Gallo de Oro property, which underlies CRWV's fraud, was listed for sale by an internationally known real estate agent, representing World Investments of Mexico, who already knew that the property was deficient of any significant gold, as we will show below. Even if one were to believe the overly optimistic claims made within the sales brochure of 37 grams of gold per ton from trench samplings, it is easy to see that CRWV lied about the amount of gold it had purportedly sampled at 8.3oz per ton (over 200 grams per ton) and that it has its hands on $3 billion of gold.
As indicated by the sales brochure, Stellar Metals, Inc, a Canadian public company which has since changed its name on at least two occasions, explored the property in 1996 and came up with results far short of the preposterous CRWV claims. On August 7, 1996, Stellar Metals issued a press release announcing the acquisition of the property, "Comprising approximately 1,500 hectares of claims, the property has in the past supported small scale production...".
In a February 12, 1997 press release, Stellar Metals announced its initial exploration results, which included assays ranging from .2 grams of gold per ton to 39 grams of gold per ton, far below CRWV's fraudulent claims.
We have not found any documentation which indicates why Stellar Metals gave up its rights to the Gallo de Oro, but needless to say, had the property been the bonanza claimed by CRWV, it would not have been available to perpetrate the Pump & Dump it is supporting currently.
Since the SEC Enforcement Office and FINRA receive all of our alerts, hopefully the confirmation of this fraud will be enough to finally get their attention.
http://www.pumpsanddumps.com/2011/08/august-31-2011-todays-pumps-dumps.html
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