Replies to post #15300 on Double Crown Resources Inc. (fka DDCC)

[gitreal]

it hasn't been actually proven this company is a scam.

C'mon, really?

Network of Central American mines? Korean gold buyers? Canadian moose pasture mining claims? V. little of what they tried to promote made any sense whatsoever. The Translock was the only half-way credible thing they promoted, but even that was pretty flaky.

Proving a "scam" is difficult, but use your common sense.

[DragonBear]

Lets be clear-or more clear

it hasn't been actually proven this company is a scam.

On 19-Jan-16 they filed this 8K:

Double Crown Resources, Inc. is pleased to announce that a final contract has been signed with a major buyer of precious metals from South Korea for regular shipments of gold products in 2016 valued at over $20 million per month, gross revenue. The terms of the agreement specify monthly deliveries of no less than 600 kg of gold over the next 12 months. Precious metals sources for these orders will be from multiple locations in Double Crown's established mining resource network throughout Central & South America. Double Crown anticipates arranging for the first shipment to be sent within the month of January.



Furthermore, Double Crown management is continuing negotiations for multiple Latin American mining resource acquisitions with key precious metals reserves. The strong demand developing in the current world markets for these products is providing a great opportunity for expansion of our business plans in the precious metals marketing sector. The Wall Street Journal and other major media sources recently cited rising global political tensions as a current force driving gold & precious metals prices higher.

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They filed another 8K on 12-Feb-16 saying they were changing accountants. That was the last filing they did.

Question: Where in the Jan 8K did they specify the name of the financial institution that would extend a Letter of Credit, so that they could broker $20M a month in gold? Answer: They didn't.

Question: What were the names of the miners contracted to supply the gold listed in the 8K? Answer: They weren't.

Question: Given DDCC in its 10Q Nov 2015 as having only $42K cash, how would they have paid the mythical miners for their gold? Or would the mythical miners have given DDCC their gold, and deferred paying their own workers, while awaiting months for reimbursement? Or in the case of DDCC- never. DDCC never reported revenues taking a broker's cut for the gold shipment to SK. Who in SK were the buyers? Answer: None specified.

Is it any wonder the next 8K was to change accountants, and they never again filed a 10K with the SEC? The clowns running the scam boxed themselves into a corner. Where they would have needed to give an accounting of their pretend gold broker activities. And if they did, it would be the equivalent of a self hanging in front of the SEC.

Tanslock was never a game changing anything, other than the scam angle itself searching for a way to get the PPS up for a dump.

Maybe they will come back in the near future. You never know.

Keep watching... forever. That is known. The scammers took the money, and ran.