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Re: coloradoKid post# 45550

Wednesday, 10/05/2011 11:50:28 AM

Wednesday, October 05, 2011 11:50:28 AM

Post# of 101798
It is true that you really should not blame the company for the late filings. These type of audits are very difficult and very time consuming. The poor PR's that created doubt about their ability to get the filings done in their stated time are the problem. Not the long period of time it takes to get them done.

Many said from the beginning that there was no way the audit would be complete on the original timeline. After that management just showed how, sorry to say, incompetent they truly are to continue to float PR's demonstrating that they will continue to fail at their own statements.

I seem to be on the outside with the thought that they financials are not really that important at this phase. Sure getting them done are important and an uplist or CE removal is great but current operations are 99% of the story and the filings are really just 1%. We are in the startup phase and need to see them focus on building the company.

Who cares if they get the 10K out if they are running through cash and consistently failing at dredging. Who cares if the CE is removed if the OS hits 3+b do to more need of funding since they cannot get the job done. Who cares about an uplist if the company should not be worth more than 1 or 2 million since the Assay reports were completely wrong and there is no value on the concession.

Now of course I am not saying any of that might come true but we have no idea what is going on with the company. I am over dramatizing to prove a point. I don't need to see the filings are up to date as much as I need to know if they are still in operations and if we should brace for another huge round of dilution. If they run out of cash and cannot get evough revenue to cover costs than the stock is dramatically over valued here. We need to know these items more than if they can get the CE removed.

JMHO
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