Replies to post #15168 on Double Crown Resources Inc. (fka DDCC)

[DragonBear]

Double Crown Resource is never coming back

That's a safe assumption.

And I'm beginning to wonder if, other than a patent for a product that nobody seems to want, they were ever a legitimate company.

Remember DDCC transferred the wonderful patent back to their Pres Lopez, and did so requiring no financial compensation. By any measure that was a material event- giving away intellectual rights in exchange for nothing. Yet no 8K was ever filed. It was only months later, after I posted about it, that they bothered to issue a PR admitting Lopez once again controlled the patent, and DDCC did not.

The scam was that DDCC would man the phones, and act as a company to license the patent for Lopez. Expenses (salaries) to be paid by retail buying the stock. Of course as you point out, no one was interested in licensing the patent. There's nothing special about a shipping container. Especially when the equivalent is already on the market.

The "BIG" gold shipment deal, with a customer that was never named

All you needed to look at was the Jan 8K (just before they went delinquent in their filings), in which they claimed to suddenly be a gold commodities broker. They would take the gold from the mining companies, and arrange for sale with the un-named S Korean customer. So which financial company was providing the SBLC (Stand by Letter of Credit) for this transaction? Gold miners just don't hand their gold to a Microcrap company like DDCC, with the idea they will get paid whenever DDCC gets around to it. In the real world a gold broker uses the SBLC to buy the gold from the miners. Think in terms of a revolving credit loan. Arrange for delivery, and take their broker cut. It's something the SEC should've questioned, but they didn't. Likewise the SEC allowed a delinquent stock to be pumped with material events, and not object to no 8Ks filed. Instead, the SEC delisted after over a year of delinquency. By then the scammers had pocketed the money, and were gone.

Delisted companies don't come back from the dead. This one would need to address the delinquency, with 2 yrs of audits to even come close. In order to do that, they would have to admit all of the material events they pumped in 2016 was just a scam. Scammers have a tendency of not being eager of performing a self hanging in front of the SEC. Especially after they have made off with the money.