i dont think you need me to tell you that all plays have to be evaluated on an individual basis as each promotion has varying factors
i havent followed GWGO for some time, but i do recall an associate asking my op about it when it was trading @ .0007 X .0009
and while i dont normally give "guidance", in this instance i suggested she not get involved [at that time, around oct/nov], i took a second look at it in december, but still decided to walk away from it
so now they have 100B AS?, lol!
and according to last years K, axtell [CEO] owns 0 shares
how do they conduct business?
10/20/05 8K
"The financial statements filed for the Acquired Companies in the Form 8-K's dated April 1, 2004 and September 15, 2004 improperly accounted for the financial status of the Acquired Companies and should not be relied upon. The Acquired Companies were development stage mining companies whose sole asset consisted of mining rights. The Acquired Companies had no tangible assets, liabilities, or operations; therefore, the entire purchase price consisting of common stock, has been expensed."
...sounds like fraud to me
10/25/05 8K, 7B shares down the drain
"Golden Eagle has no proven reserves at this time. In addition, Golden Eagle had no tangible liabilities or operations and their sole asset consists of mining rights. Based upon same, no financial statements will be filed for Golden Eagle since the entire purchase price consists of common stock will be expensed."
11/3/05 another 7B shares
"Copperstone has no proven reserves at this time. In addition, Copperstone has no tangible liabilities or operations and their sole asset consists of mining rights. Based upon same, no financial statements will be filed for Copperstone since the entire purchase price consists of common stock will be expensed."
11/9/05 another 7B shares
"Ambassador has no proven reserves at this time. In addition, Ambassador has no tangible liabilities or operations and their sole asset consists of mining rights. Based upon same, no financial statements will be filed for Ambassador since the entire purchase price consists of common stock will be expensed."
GOOD LORD!
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btw, if you werent aware, st james capital [SJCH] is run by the same guy [mike garrow] that "owns" the fight network aka BKMP
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so where does it leave things?
who the heck knows, lol
but the impending symbol/name change may have an impact, and
@ .0001 X .0002 i would consider a position @ .0001
then its all up to greed and fear
would 100% be "enough" if one were able to flip it @ .0002?...200% "enough"?, 300%....and so on
everyone has there own risk/tolerance levels, and that is and should be a personal decision
GLTA
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