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surfkast

06/14/24 8:01 AM

#221761 RE: gitreal #221760

I looked at the 1A/ A and found this to be a huge red flag.

Seminal Church, a Washington State Non-Profit Corporation is a selling stock holder.

They seem awfully radical!

What Activities will the Church Undertake:
The church, in order to inspire and demonstrate success for church members, will operate businesses in many different industries. There is no limitation on the industry, duration, or structure of businesses the church will operate. We commit to following local, state, and federal laws within the communities that we operate.

Seminal AI ----
Seminal AI is an entity of the Seminal Church. It is focused on generating high quality data, while building the psyche and confidence of men.

Time Traveler Assistance / Moonshot Charity ----
Time travel is our mooonshot mission; The Seminal Church is an organization that believes in the likelihood of time-travel and offers assistance to those traveling in time. Developments in AI, quantum computing, and fusion power, in-time will likely yield the knowledge to accomplish time-travel. Thus, in the event that time-travel is acheived, we are happy to help those passing through our time space.



https://seminalchurch.org/

BullNBear52

06/14/24 10:02 AM

#221765 RE: gitreal #221760

The fact that the company is based in NV and has a gold mine in Indonesia should be a red flag for anyone. Now the audit team (poor suckers) were supposed to go in May. Surely they should be back by now and the audit published.

OMOLIVES

06/14/24 9:15 PM

#221785 RE: gitreal #221760

I did...they aren't making any profits. They are also processing gold for others...and am sure some of it is from illegal mines. The area is rich in gold and illegal mine activity.

Most of what is shown as revenue stays with the locals and other on behalf of said company and capex. LOL...capex sounds very funny here.




Also..lol....:

1.14 Revenue Recognition
Revenue is recognized from a sale when persuasive evidence of an arrangement exists, the price is determinable, the product




5. Funds held by Joint Venture for reinvestment
As of September 30, the Talawaan operating agreement was renegotiated and amended such that all the retained cash from
unallocated earnings, being held by our operating partner on behalf of BMXI, are reinvested into (1) the expansion of the gold
reserve area, (2) recapitalization and expansion of the joint venture mining assets and capital equipment and (3) review of workers
safety protocols and standards, including additional training, and upgrading of safety equipment




2. Investment in Talawaan Project
The Company has invested in long term (20 year) operating agreements with exclusive land usage rights with a local entity in
Talawaan City, district of Minahasa in Northern Sulawesi Province for excavation, production and processing on a 25 hectare site
close to the airport of the regional capital Manado. The property has a complete processing plant onsite, including ore
crushers, ball mills, floatation processing tanks and tailing ponds and ore is excavated from reefs of medium to high grade
volcanic hosted ore present on the property. The facility at Talawaan also processes ore on behalf of 3rd party mining groups
on a contract basis.



You don't need to exploit something as a scam when the so called scammy annual shows this..lol. With that said...look at the cash flow of the last quarterly..lol:

https://www.otcmarkets.com/otcapi/company/financial-report/398367/content

So...if we take these financials at face value ;) ....who's the real scam artist. The Company or the local Indonesian entity making all the coin....and how about those so called land usage rights of $500k for the past quarter. If 's real....it's shit. But of it's a scam...it sucks at it's job of being a scam. :)


If you want to see a real mining financial...they would separate processing from other....that's a big deal.