Let me respond to some of your points in line:
How much does an audit cost? AN AUDIT DOES NOT COST THAT MUCH COMPARED TO WHAT THEY SAY THEY HAVE A CASH ON HAND. HOWEVER A NEGATIVE FINDING IN THE AUDIT WILL DESTROY THEM.
Of what benefit and significance would the completion of an audit bring to the company, not the shareholders? IF YOU ARE A PUBLIC ENTITY, THE BENEFIT OF THE COMPANY IS HAND IN HAND WITH THE SHAREHOLDERS. THE AUDIT, IF POSITIVE, RAISES THE SHARE PRICE WHICH BRINGS IN BIGGER INVESTORS AND THE ABILITY TO GET MORE DEALS. IT BUILDS VISIBILITY AND ACCOUNTABILITY AND TRUST IN OTHER POTENTIAL JV DEALS. AND GIVEN THAT MANY SHAREHOLDERS HAVE LOST FAITH, THE BENEFIT TO THE COMPANY IS TO GET THEM BACK. AND A FINANCIAL BENEFIT IS TO LEVERAGE THE AUDITED ASSET TO GET FUNDING IF NEEDED FOR NEW MINES.
If, as BOD, I made a public display of the secured, ALLEGED GOLD, would that potentially open the door to thieves? I DIDN'T ASK FOR THEM TO SHOW ME THE GOLD. BUT A REPUTABLE COMPANY CAN DO THE AUDIT AND VERIFY THE ASSET. AND HYPOTHETICALLY IF THEY DID, SHOWING A VIDEO OF THE GOLD DOES NOT MEAN ANYONE CAN TELL WHERE THE GOLD IS.
Could I readily keep the gold, if it exists in a bank, and would the bank BE financially responsible in the event the gold disappeared?
THIS IS A MOOT POINT BECAUSE THE GOLD SHOULD BE IN A BANK OR OTHER SECURED LOCATION TODAY AS IS, IRRELEVANT OF AN AUDIT.
Would you think that one of the biggest priorities is to preserve cash assets for the completion of the plan? NO. THE BIGGEST PRIORITY SHOULD BE TO ACTUALLY COMPLETE WHAT THEY STARTED, ON TIME, AND MAKE MONEY. SPENDING MORE ON USELESS ENDEAVORS HAS PROVEN FUTILE TO DATE. SO IF YOU THINK AN INSIGNIFICANT COST OF AN AUDIT TAKES AWAY FROM THE CASH ASSETS, THEN YOU SHOULDN'T CLAIM TO HAVE THE MILLIONS UPON MILLIONS IN CASH ON HAND.
Is the company , to your satisfaction, demonstrating some measurable bona fideness in creating the processing plant, and equipment? TO MY SATISFACTION, NO. DO THEY POST PICTURES AND VIDEOS? NOT TO A LEVEL WHERE YOU CAN PROVE THAT IT IS AT OUR LOCATION, OR THAT IT IS BEING ASSEMBLED. WHAT DOES A PICTURE OF A RANDOM HALLWAY DO? OR SOME MACHINERY OUTSIDE? GO AHEAD, SHOOT A VIDEO FROM THE GATE OF THE PROPERTY, THROUGHOUT THE PROPERTY, INTO THE BUILDING SHOWING EVERY ANGLE IN ONE TAKE WITH NO EDITS. THEN I MAY BE SATISFIED. BUT GIVEN THE HISTORY, I CAN'T SAY THEY HAVE PROVEN ANYTHING OF REAL SUBSTANCE TO ME PERSONALLY.
These are my honest opinions. I sit here every few days and catch up on everyone's rant back and forth about all the things this company has done to be a scam, and all the people that want to pump it up without any true proof because they don't want to give up on it. Personally I'm not a bag holder because I got in subpenny and I'm still up, but I was up in the 60 Cent range and waiting for a dollar because Benny promised the same, and I didn't sell everything that I had. And then I watched it decline as he continued to Pump It Up and people were putting all their money into it while it continued to go down and down and down and the company kept diluting the shares over and over again. Even on a bull run, with the current outstanding share count, there's no way that this company can be valued over a dollar without an audit. It can definitely have a big run based on hype, but it wouldn't be a proper valuation, which means it would also have a rapid and significant fall as people take profits that they'll never see again.
And as for this board, there used to be some good dialogue from both sides, but recently it's just a bunch of people typing the same stuff over and over again, and now we've resorted to name calling and personal attacks. It's lost any value that it used to have. I have my stop loss put in for a significant drop, but honestly I'm just sticking around with hope - and not because the company has proven to me that it's definitely going to do the right thing for us shareholders.
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