InvestorsHub Logo
Followers 1
Posts 100
Boards Moderated 0
Alias Born 01/27/2012

Re: hmitwatch post# 14413

Tuesday, 02/07/2012 3:47:51 PM

Tuesday, February 07, 2012 3:47:51 PM

Post# of 15403
The NI 43101 was initially to be done on the Los Tres Machos and Zuna properties. Klok never came up with the money for that report. He then shifted gears and had me look at a property on Mindanao, Philippine Islands , and start a NI 43101 report on that using the advance from for work on Los Tres Machos and Zuna. Considerable work was completed; however, there was a title problem with the property...the seller didn't own it! He then had me working at La Cienega for a couple of weeks, I billed $14,000 and was paid $5,000. The deal was $1000/day to work in the middle of Cartel country in July with 115 degree temperatures. Sound like fun? You try it for 2 weeks. The placer was barren, but there was potential for a hard rock gold deposit. I advised that he renegotiate the hard rock aspect. He dropped the property against my advice. In August, I went with him to Mexico to look at Zuna and Los Tres Machos. Both properties were in my opinion barren. Alto paid for the trip and there was no charge for the work.

In the future, if you don't know ask instead of making accusations.
Join InvestorsHub

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.