Global Gold Corp. (GBGD)

[BMAV]

JUST READ GBGD 10-Q...from What I understand they essentially....

- Cancelled their JV deal on Toukhmanuk Gold Project and deprived their partners of $5MM
- Cancelled the deal with the other JV partners on Marjan Mining and deprived them of $1.6MM
- Cancelled their deal with Coventus/ Amarant / Alluvia depriving them of about $1,000,000
- Cancelled their deal with Madre Gold depriving them of $150,000

And every time they cancelled their projects, they blame their partners.

Are these guys con artists or just incapable of entering a deal and making it work?


I also hear in Armenia, that:
- Global Gold is being investigate for Tax Evasion and other financial crimes
- Their Licenses in Toukmanuk, Getik and Marjan are under investigation for non-compliance
- They missed payments to their Guaranteed loan to the ABB bank in Armenia secured by the shares of Mego Gold

They had $150,000 in the bank in JUNE and now appear to be penniless. How are they going to raise any money for any of their projects. They need millions of dollars to do anything in Armenia. Are they going to try to JV these assets again to someone else? Are they going to screw them too?

This company appears to me to be nothing more than a giant clusterfuck trading at $0.16 and a market cap of $14MM...what is it really worth? not $0.16 , that is for sure.