Calasse could have had MILLIONS of dollars at the peak and shareholders could have made out okay back in 2022, if he would have just accepted Sharps very generous initial offer. There was in fact a merging asset ready to go public at the time, no doubt in my mind. NFTs were just peaking out and it would have been a good time for a public offering.
I absolutely hear what you're saying with Calasse costing everyone millions of dollars (perhaps even in the hundreds of millions or billions collectively as shareholders, we will never know). It is a disgrace that justice has not been served on this stock for well over 1.5 years.
With that being said, here's some more weekly entertainment, courtesy of the one and only Warwick Calasse. I must give him credit at least, for the amount of pain he has caused shareholders. The paranoid will blame it all on Sharp, but we know that Calasse is who is to blame.
During the course of his investigation into the Calasse Shares, Sharp discovered a lawsuit filed by the United States Securities and Exchange Commission (the “SEC”) that detailed a massive fraudulent scheme regarding the GOFF stock.
On June 10, 2015, the SEC filed an “Amended Complaint” for
Injunctive Relief, Disgorgement, Civil Penalties and Other Relief for Violations of the Federal Securities Laws (the “Complaint”) in the United States District Court for the Southern District of New York (the “New York Federal Court”) as Securities and Exchange Commission v. Caledonian Bank LTD., Caledonian Securities LTD., Clear Water Securities, Inc., Legacy Global Markets S.A. and Verdmont Capital, S.A., Case No. 15-cv-00894.12
The Complaint concerned, among other things, the illegal sale of GOFF stock. Although neither GOFF nor Calasse were named as defendants, there were several factual allegations in the Complaint regarding GOFF and Calasse’s wrongful conduct.
On March 5, 2013 – i.e., two months after the initial transfer of Goff stock to Caledonian, Clear Water and Legacy Global – Goff filed a Report on Form 8-K announcing a change- of-control transaction in which an individual by the name of Warwick Calasse bought all of the stock owned by officers O’Flynn and Corkery for $25,000.
The next week, on March 12, 2013, Goff filed a Report on Form 8-K announcing a significant change in business: the company’s newly created Nevada shell corporation, Golden Glory Resources Inc. (“Golden Glory Nevada”) had entered into an Assignment Agreement with Golden Glory Resources S.A., a Panamanian corporation (“Golden Glory Panama”), by which Golden Glory Nevada “acquired an option to purchase a 100% interest in and to a certain Columbian mining concession known as La Frontera (The Frontier) Project, located in the Aquales region, Caldes Department, Republic of Colombia.”
The Report on Form 8-K represented that “we have abandoned our former business plan and entered the business of mineral exploration and are now an exploration stage mining company engaged in the identification, acquisition and exploitation of metals and minerals with a focus on gold and diamond mineralization on La Frontera Property.
Beginning three days after its change of business, Goff issued a series of press releases creating the public impression that it was immediately and actively engaged in gold and diamond exploration in Colombia.
For example:
On March 15, 2013, a Goff press release, entitled “Goff Corp. Subsidiary Golden Glory Resources Acquires 100 Percent Interest in the La Frontera Gold Project in Colombia’s Hottest Gold Exploration Region,” represented that “[a]pproximately two- thirds of Colombian gold production has been from placer deposits in the Department of Antioquia, which is immediacy [sic] adjacent to and straddles about 30% of the leases where Golden Glory’s La Frontera Project is located.” Goff stated that “this project is seen to be on the order of six times as large as notable prospects with similar gold type and potential.”
On March 18, 2013, Goff issued a press release entitled “Goff Corporation Has Appointed Experienced Colombian Mining and Explosives Expert Manuel Hernando Serna as a Director of the Board.”
On March 22, 2013, Goff announced that “Golden Glory Resources expects to pursue its exploration program that will employ leading geological consultants and their own geological staff to carry out the program. . . . This first phase exploration is anticipated within 90 days."
On March 25, 2013, Goff represented that Golden Glory Resources “plans to begin a 5,000-meter diamond drilling program on its La Frontera Gold Project in Department of Caldes, Colombia within 9 days."
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."
On March 27, 2013, Goff related that “Golden Glory Resources is developing a comprehensive exploration program for its La Frontera Gold Project in Colombia; Phase One groundwork will provide basis for follow-on planned diamond drilling."
Bolstering the Goff press releases was a newsletter posted on April 2, 2013 on a stock-touting website by the name of Penny Stock Pillager, which stated:
After years of turmoil, the Colombian government is stepping in to help legitimate mining companies pull gold from their resource-rich soil. By grabbing a plot of land directly in the Colombian gold sector, investors in Goff Corporation could be on the verge of true wealth!
The SEC wrote to Calasse on April 24, 2013 requesting comments on one of the many false statements uttered by Calasse within a Form 8-K filing. Having received no response from Calasse, the SEC wrote to Calasse again on July 11, 2013, demanding responses by July 25, 2013. No responses were forthcoming from Calasse.
All of this while numerous unscrupulous firms dump $17.9 million as the stock price crashes back to .01 after trading at record highs, and these firms cashing out at just the right time. Calasse is not heard from again, abandoning the company until George Sharp comes to the scene in 2021.
Justice will be served. In due time.
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