The old narrative was that Calasse had been charged with fraud - which isn't true.
The following facts speak volumes as to the fraudulent behavior that occurred under Calasses reign as CEO. In summary:
• Goff Corporation and its sole officer and director, Warwick Calasse, made false public statements about the company's gold and diamond exploration activities in Colombia via a series of press releases.
• The statements were designed to create a false impression of the company's activities and enrich the actors involved.
• The company's stock price spiked after the statements were made, and the defendants (firms involved) sold a large number of shares, generating proceeds of $17,907,546.
• The sales were made without a registration statement in effect, in violation of Section 5 of the Securities Act.
• The Federal Court in New York entered judgments against the firms involved, permanently barring them from participating in penny stock offerings and ordering them to pay disgorgement, civil penalties, and prejudgment interest in excess of $70,000,000.00.
More specifically, here is exactly what Calasse said regarding the "mining operations" taking place with GOFF during its (fraudulent) promotion:
"In a press release on March 26, 2013, Goff’s sole officer and director, Calasse, stated that “he expects gold’s current price level will help fuel the company’s efforts to target a bulk tonnage, low-grade type gold and silver project on Golden Glory’s leases, and that the time is right for gold in Columbia.” Calasse further stated that “[w]e will be the first [on the Project] to explore using the full range of modern gold and silver discovery methods.”
And here are some additional details regarding the promotion and associated dumping from multiple unscrupulous firms:
There is no trading data available for Goff on March 14, 2013, the day before the company’s March 15 press release announcing its mining interest in “Colombia’s hottest gold exploration region.” On March 18, the first trading day after the release, Goff stock spiked to a closing price of $0.28 per share on a volume of 263,914,096 shares. On April 5, Goff stock closed at a high of $0.58 per share on a volume of 22,003,500 shares. By June 4, 2013, Goff stock had fallen to a price of $0.01 per share.
Simultaneously with the Goff stock promotion, Caledonian, Clear Water, Legacy Global and Verdrnont sold the stock into the public markets. Theirs were the first sales of the stock to the public. Caledonian Bank sold 35,000,000 shares of Goff stock for proceeds of $6,860,685; Clear Water sold 25,000,000 shares for proceeds of $4,226,689; Legacy Global sold 21,750,000 shares for proceeds of $3,293,816; and Verdmont sold 14,000,000 shares for proceeds of $3,526,354.
Verdmont sold for the account of customers and received commissions on the sales. Caledonian Bank and Caledonian Securities have represented through counsel that they sold for the account of customers and received commissions on the sales.
These sales of 95,750,000 shares of Goff stock generated proceeds of $17,907,546. In making these distributions, the Defendants violated Section 5 of the Securities Act. There was no registration statement in effect for the Defendants’ offers and sales of Goff securities.
Anyone defending this shady character, Calasse, in my opinion, is either disillusioned, or simply hate George Sharp so much they can't see the writing on the wall. Calasse and these firms illegally dumped tens of millions of $$$$ onto the market and then walked away. Calasse only made his reappearance when his shares were at stake.
I have no sympathy for Calasse, and I believe justice will prevail in the end.
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