Replies to post #6027 on EXLA Resources Inc. (EXLA)

[PennyStockDabbler]

Or, there's no money to be made operating "Helmer Directional Drilling Corp," or EXLA, so he.....

doesn't answer his calls.

When you say "nowhere to be found," do you think the SEC has surveillance satellites and secret agents to track owners of abandoned corporations down?

Realize there's not a lot of money in them to tax and people like CaoPanShou who boast about knowing they're in on a pump and dump are trying kind of hard not to be protected by the law, so the law says "let it ride."

[PennyStockDabbler]

"You do know why it's a custodianship and not a buyout, right?"

Yes, because there is no longer any money to be made with EXLA and Excelsior mine.

But the corporation still holds two thirds of the shares. They could hypothetically give themselves back pay as officers of the corporation if money came rolling in now.




They might have thought buying up an abandoned mine would pay off if the price of fuel ever fell and the price of gold did not.

In fact, the shale oil boom was in the offing when the company was being created.

If the price of fuel had fallen enough, it would have become economical to crush the gold ore at Excelsior mine and extract the gold.

They know it's there, but getting it costs too much.