Replies to post #1435 on Alkane Inc (ALKN)

[DueDillinger]

ralph- If you're replying to me, then use the reply function please or I won't necessarily know the context of your post. I stated quite clearly that I wasn't able to verify or refute that poster's comments about Stunder's purported failure to provide the promised funds for the garnet operation. I'm careful with my words, so please don't misrepresent them.

The existence of a website proves very little if anything. As a perfect example, you might look at the apparently compelling site:

http://www.mcwhortle.com/

By the way, this is the kind of misleading comment that I simply loathe:

It is filings that have been kept up as far as 4/11/03

Kept up? LOL! The only filings were an SB-2 and an amended version of the same registration filing. There were never any periodic filings.

Here's what the amended SB-2 says about Stunder:

Walter Stunder ? President, Director. Mr. Stunder has been President of Aurora Pacific Consulting and Development Corp. since 1976. He speaks, reads and writes both Russian and Ukranian as well as English. His knowledge of these languages and his extensive knowledge of Ukraine are used in his consulting business which is to advise businesses in the set up and operation of businesses in Ukraine since its independence in 1992. He has been to Ukraine approximately 50 times in the past ten years as a consultant to other businesses.


Mr. Stunder has significant practical experience in the operation and maintenance of machinery. He grew up on a farm and operated and maintained all of the farm machinery. In the mid 1960?s he managed and operated a gravel crushing plant for a year in Prince George, British Columbia, Canada. He was responsible for all of the daily operations. Thereafter he was a high school teacher teaching mathematics, physics and chemistry. His technical knowledge of these three subjects enables him to understand the technical reports on the properties. After teaching, he worked for United Geophysics as a seismic surveyor. Mr. Stunder?s practical experience with the operation of machinery enables him to understand and design the equipment necessary to extract the garnet from our two properties.


Mr. Stunder will be spending 50% of his business time on the business of the Company, which is more than adequate to oversee the Companies operations. Upon completion of this offering and delivery of the pilot plant to the Ecogarnet property, the Company will initially hire three employees in Ukraine to directly manage and carry out the daily operations of the Ecogarnet property as required.


Mr. Stunder is a director and the owner of 80% of the shares of Aurora Precious Metals Inc. which is listed on the OTC(NBQ) with the symbol ARPM. He is the President and managing director if Aurora Precious Metals, Inc.

Ok. that was last April and this filing says Stunder will be spending 50% of his time with the Garnet operation until the registration is made effective and the pilot plant is delivered. The obvious questions are 1) did the SEC approve the registration? and 2) was the pilot plant delivered?

http://www.sec.gov/cgi-bin/browse-edgar?company=BLACK+SEA+MINERALS&action=getcompany

[DueDillinger]

ralph- Here's John Leo's promo for his services...

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The highlighted feature--buying/selling restricted shares is particularly relevant to Black Sea's operation. (Stunder owned 75% of Black Sea at the time of the filing in April.)

From the Black Sea SB-2A:

Shares Eligible For Future Sale

Upon completion of this offering, we will have 4,092,315 minimum and 4,192,315 maximum, shares of common stock outstanding. Of these shares, the 100,000 minimum, or 200,000 maximum sold in this offering and the 950,000 shares of the selling shareholders, will not be deemed to be restricted shares under the Securities Act of 1933. The remaining 3,042,315 shares were issued and sold in private transactions and in reliance on the private placement exemption of the Securities Act.

The 3,042,315 restricted shares are eligible for sale pursuant to Rule 144 of the Securities Act at the expiration of the one-year holding period from their date of acquisition. The one-year holding period for the shares has ended.

That would be fine, except that no 144's have been filed, and you can't file a 144 unless the company is current in their filings.

[DanHeilman]

Ralph, I believe what you guys are talking about, and I don't have the link, but it was on Edgar, is about the tailings. I believe the existing mine is about played out. Black Sea Minerals was going to sell more share at a certain price to start a whole different type of mining. They need different equipment to use new technologies that would be able to through all the tailings (waste material from mining) and extract out more industrial garnets. This is all about just a new operation, no funny business.

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[DanHeilman]

Ralph, Here is one article that explains it all. It is about a new Crusher Plant, it doesn't state in this article about the tailings, but it did in the other. The mine is 33 years old, it has to be about played out, the tailings would be the only thing left to get new garnets from. This old news, they are just pulling your chain to get you off track. IMO

http://www.brama.com/news/press/020218ivanivgarnetproject.html

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