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remmao

08/25/10 10:08 PM

#2081 RE: ttmasher #2080

It is good to see a few of us are still reading the board!

I believe there is still potential here .Perez is not answering his phone and last I heard they still had the properties. So either they re file after so many months or transfer shares under a different company to raise money if possible.
If they don't we will probably all loose our money.

Can't believe with such a "supposed dream team of people we the shareholders have ended up with nothing.

Were these guys not the best in the business with all there so called accomplishments.
They need to get their SH@$@t together and start running it like a real company.

All I keep hearing from people not to invest in the pinks ?
but in all honesty I think these problems arise in many of the exchanges. It is PURE manipulation and that folks has to stop if they expect people to invest their hard earned money into these markets.

carl_52fl

08/26/10 1:49 PM

#2083 RE: ttmasher #2080

I received that info from a phone conversation I had with Mr. Spalding over a month ago.

He said they would try to raise money. They need $1.5 mil to get one property in production.

I think, these guys just want it to blow over, and they will get something for the property rights and pocket it themselves. The share count went from 366 mil to 432 mil in the last months of trading, so it is not hard to surmise that these guys got shares and cashed them in for anything they could get. And now, they are acting like they are victims themselves.

They have a list of the shareholders and there were 87. Sending some sort of correspondence to these investors would be the professional thing to do. But I guess professional scam artists do not.