They do NOT own the claims!!! but claim $2.5 mill in value on their balance sheet. And stated the actual amount spent is; As of August 31, 2010, the Company had expensed $127,398 related to the mineral rights acquisition and exploration costs since inception.
Yes, that's right. SAEI owns nothing. Has never substantiated any purchases whatsoever. It's all smoke and mirrors.
Thank you, Lowtrade, for doing all the research on SAEI. I thought you would chuckle about bringing an unknown rich Russian investor into the picture! Remember the photos of Timmy and Bobby standing in Red Square in front of the Mosque? How long can they keep this story going! I would like to see a new picture of your dollbaby granddaughter. Happy Holidays
BarCharts has a first resistance point at $1.004 and a second resistance at $1.307 for SAEI. I was wondering how they could arrive at these figures with no chart history? Thanks again, Lowtrade.