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Wednesday, 10/05/2011 11:35:34 AM

Wednesday, October 05, 2011 11:35:34 AM

Post# of 27472
There is no big deal on any so called smelting results. CRWV can send anything to the smelter, so what, thats not proof of anything. Without verifiable legal and reputable third party reports and confirmation of where and what specifically that sample(s) came from it's of no use other than fodder for more P&D and for ones who only want to do "DD" from PR's and promoters.

There needs to "proof" that CRWV is not a scam, not the other way round.

Proof that the company is not just one of multiple gold scams out there and that their exuberant and highly suspicious PR's are not just a bunch of bs, needs to come from other reputable and verifiable sources, not statements by fluff PR's and promoters of CRWV. Fluff PR's and statements from a highly promoted P&D stock are not proof.

Address given that is not on record with the county tax assessor or postal service is not proof that they are legit. Virtual phone numbers that just are attached to virtual office services are not proof of anything positive. Obvious cut and paste with different fonts and contain statements that are obviously not true in financials and are contradicting at best are not proof that CRWV is on the right path.

When one sees millions of shares dumped and the price plummets down 90% within a couple of weeks is pretty good proof its just a P&D. Then when after the initial dumping is over, some hype comes about that there will be more hype and pumping for more volume and more dumping and creates another mini p&d, is more proof that things are not so positive.

Waiting for smelting results? Thats one big joke in itself.

Here's some interesting points:

That article makes some very good points. The recent explosion of gold stock scams only works if there are enough uninformed (the writer calls them "fools" - I prefer "uninformed" as I hope most of them are capable of learning and not repeating their mistakes) buyers to soak up all the garbage paper pumped and dumped by the scammers.

I do disagree with one of the statements:
Quote:
These gold scams may center on inflated claims regarding the stocks of gold mining companies whose stock value is often based on gold reserves that are difficult to estimate, much less verify

Gold reserves are actually fairly easy to estimate and verify IF they follow the rules. US issuers are required to follow the SEC's Industry Guide 7. Under the regulations, a company can ONLY claim proven gold reserves IF a Bankable Feasibility Study has been completed by qualified and independent consultants. These recent stock scams don't even come close to these standards. They don't even complete 1% of the work that is required, yet they constantly throw around dollar valuations (or "potential" dollar valuations) of the precious metals on their properties which is ALWAYS against US regulations. Its a no-brainer. Anytime a company gives a dollar value of their property, its against the rules.


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