I don't know litar and I am not speaking for him, but I will try to answer your question, "Where's the pumping?"
First, Pump and dumps are not usually quick, fast operations, they take time to develop and they are not generally obvious or you'd see a lot more people going to jail. Now, I don't know for certain that this is a pump and dump because I haven't been around here long enough. I do recognize warning signs though and this one is lit up like the Las Vegas strip at midnight.
First, you've got a self-aggrandizing promoter seemingly conducting an internet campaign to proclaim AP, the "Mineral King of Wall Streeet". LOL! AP, a man with NO experience in mining whatsoever, let alone gold mining, is the "Mineral King"? As I pointed out earlier, the "Mineral King's" area of expertise is NOT mining. It's stock promotion and sales! Zebras don't change their stripes overnight.
Next, there is the hype surrounding "gold revenue". That could be the very reason they bought the 10% stake in Slashwood. "Gold revenue" shows up on the books, no matter how small, and that opens the way to all sorts of misleading claims while providing legal cover. I wouldn't be at all surprised to see promoters all over the internet, posting under multiple ID's, proclaiming stuff like, "This is only the beginning. This is just what they are picking up off the ground while they are exploring......" etc, etc, etc.
As for the dump, that usually takes a while. First some demand has to be created and that's going to take time. Look for large private placements and borrowing, that's the most desireable target.
Look for statements that are slightly to grossly misleading without being outright lies (most people like to avoid being fitted for orange jump suits). You can hire people to lie for you on the internet. They're safe because they can claim to be merely voicing their opinion.
Examine the books. This is the one place where it's really dangerous to lie. Not that the books can't be a little misleading sometimes. Revenue shows up as revenue no matter if the source is semi-fixed revenue (Slashwood) or if it comes from a genuine claim. Just remember, if a claim really contains gold, there must be an asset value attached to it representing the estimated net value of the gold. This is an area that can be fudged a little but outright lies will earn a trip to the local club Fed.
Remember, this company, in its entire 13 year existance has never sold ANYTHING other than stock certificates!
AI
