Email makes no sense at all and is a contradiction.ENTI merger with Osceola Gold,Inc
They claim counsel advised not to discuss plan of operations yet on their website they list a plan of operations
"Plan of Operation
With the current equipment, Osceola Gold Inc can process up to 6,000 cubic yards a day of gold producing deposits, which at avg. return of $40- $55 per cubic yard.
The mining operation consists of thirteen claims totaling approximately 980 acres. The Claims are placer alluvial deposits which are deposits made by mountain water run-off from the Snake Mountain Range through the Mary Ann Canyon. The Geologist Report, from 2010, indicates an average value of $117 per cubic yard, at a gold price of $1,000 which would equate to over $175 per cubic yard at today’s prices of $1,200 per ounce. The report indicated increasing gold concentrations at greater depths."
They claim that they are a public traded company on their website.
"Osceola Gold Inc. is a public company listed on OTC Markets (symbol)."
Definition - A public U.S. company, which means it is trading on a U.S. stock exchange, it is typically required to file quarterly earnings reports (among other things) with the Securities and Exchange Commission (SEC). This information is also made available to shareholders and the public.
So are they not in violation of the same SEC rule they claim counsel has advised them not to violate by the claims made on their website?
"Rule 10b-5: Employment of Manipulative and Deceptive Practices":
It shall be unlawful for any person, directly or indirectly, by the use of any means or instrumentality of interstate commerce, or of the mails or of any facility of any national securities exchange,
(a) To employ any device, scheme, or artifice to defraud,
(b) To make any untrue statement of a material fact or to omit to state a material fact necessary in order to make the statements made, in the light of the circumstances under which they were made, not misleading, or
(c) To engage in any act, practice, or course of business which operates or would operate as a fraud or deceit upon any person,
"However, at this time, we are not at liberty to further discuss Osceola's plan of operations or its intentions, including as to its shareholders, as that information, at present, is non-public.
Our counsel has advised us that we are not permitted to furnish such information for any transaction in the marketplace or to disseminate it for use in any other manner. To do so would violate SEC Rule 10b-5, codified at 17 C.F.R. 240.10b-5, pursuant to the SEC's authority granted pursuant to § 10(b) of the Securities Exchange Act of 1934.
We thank you for your continued interest in Osceola Gold.
Very truly yours,
Chris Tarquinio"
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