It's amazing how fast the scammer Fred is diluting this fraud of a wannabe mining company. No wonder the price has collapsed the way it did.
Here's the headline the criminal used to announce the disastrous reverse split, which pretty much wiped out all longs at the time.
Golden Opportunity with a Silver Lining
Gold and Silver Mining of Nevada, Inc. Issues Reverse Split
(Las Vegas, Nevada, June 23rd, 2015)
"By completing this reverse stock split, we expect to gain broader access to the investment
community and to take one of the necessary steps toward strengthening the Company," says
President and CEO N. Fred Anderson.
"This strengthened position will provide the availability of common stock necessary to fund future
transactions which could enable us to become a more diversified mining company. We believe that
these steps will help us to build value beyond our 2nd quarter program.”
At the effective time of the 1-for-1300 reverse stock split, every 1300 shares of issued and
outstanding common stock will be converted into 1 share of issued and outstanding common
stock.
1 – 1,300 Reverse Split Pre-Split TSO: 1,277,781,773
? Post-Split TSO: 982,910
And, the latest outstanding share count, believe it or not, is already above the old number.... BEFORE allowing for multiplying it by 1300!!!!!!!! That has to qualify this scam for immediate entry into the ALL Time Worst Diluters Hall of Shame!!!!!!
CJTF Security Details
Share Structure
Market Value1 $910,771 a/o Oct 05, 2015
Authorized Shares 5,060,000,000 a/o Sep 11, 2015
Outstanding Shares 1,301,101,512 a/o Jul 30, 2015
-Restricted Not Available
-Unrestricted Not Available
Held at DTC Not Available
Float 318,471,257 a/o Sep 11, 2015
Par Value 0.001
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