Sustainable Green Team Ltd. (SGTM)

[sagan]

This is interesting...

I'm sure it's just another mistake on the part of management.

From SGCP FR:

"ARDC will provide all expenses to operate on one of SGCPs concessions that would have otherwise gone unused this season but incurred cost. In return SGCP will receive a 33% profit share up to 500k after ARDC covers its cost."

From ARDC's partner/financier:

"STHG and its partner, Accurate Resource Development Corporation*, have entered into an Alluvial Gold Mining JV in Sierra Leone, West Africa. Atkinson states, "Africa is a land of opportunity right now, especially with increased investment by both the Chinese and Russians that will bring greater access via infrastructure projects etc." This Joint Venture will allow for potential revenues of $10,000,000.00 by year 2, producing up to 5000 oz. of gold, with over 10000 oz. projected by 2014 with revenues growing in excess of $16,000,000.00". As well, the company is now in negotiations with various parties to secure additional concessions.

Stratton Holdings Group acts as a non-operator, funding the JV with a $750,000 investment prior to next mining season and receiving 100% of revenues until it reaches a 20% ROI, with a 50/50 split on net revenues thereafter. Atkinson has stated that, "We have secured various accredited investors to provide the funding for the JV based on our extensive business model / plan support the recoverability reports."

Wonder where that missing 20% is going??