BUSINESS SUMMARY
Russell Industries, Inc. primarily engages in uranium and vanadium exploration, and mining development businesses. As of September 25, 2007, the company owned a majority ownership interest in 254 uranium mining claims in San Juan County, Utah. The company was incorporated in 1997 and is based in The Woodlands, Texas. On December 7, 2007, an involuntary petition for reorganization under Chapter 11 was filed "against Russell Industries Inc." in the U.S. Bankruptcy Court for the District of Nevada, Las Vegas.
KEY EXECUTIVES
Pay Exercised N/A
Mr. Richard Berman ,
Pres
Like righty stated he claimed this company was owing to no-one. If this was a true statement by Berman?.....if even he knows what truth is other than he concieving that the companies money was his money, only he then could file for this. He would be filing on behalf not against. If its against or on his behalf he still has the fudiciary duties of informing shareholders prior to this action, the reasons, and then the outcome. He has done none of this. Its not on the website either.
Which mine did he proceed to develop from the $1 million dollars funded to him by shareholders?........which of his Pr's shed and ounce of truth when every other one contradicts the other.
This business summary sounds like Berman has been doing something other with these mining claims other than mining them, in particular the PayDay mines. What happened to the revenue streams, and the 20 truckloads, how did he manage to buy Aumn if Russell was so underfunded?......then where did he get the money to purchase those 68 mining claims?
Market Data 
Markets 
AI
