ok but do we disregard the other two?
From your choice
The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM D
Notice of Exempt Offering of Securities
OMB APPROVAL
OMB Number: 3235-0076
Expires: June 30, 2012
Estimated average burden
hours per response: 4.00
Total Offering Amount $1,000,000 USD
or Indefinite
Total Amount Sold $987,000 USD
Total Remaining to be Sold $13,000 US
Revenue Range OR Aggregate Net Asset Value Range
No Revenues No Aggregate Net Asset Value
X $1 - $1,000,000 $1 - $5,000,000
$1,000,001 - $5,000,000 $5,000,001 - $25,000,000
$5,000,001 - $25,000,000 $25,000,001 - $50,000,000
$25,000,001 - $100,000,000 $50,000,001 - $100,000,000
Over $100,000,000 Over $100,000,000
Decline to Disclose Decline to Disclose
Not Applicable Not Applicable
Much more to wade through but your choice in balance with he other two shows management has targeted 1 Mil in Revenues through Offerings of stock.
The individual offerings Dec 1, 7 and 15th / 2010 show offerings clearly of 1 Mil shares.
To raise 1 Mil in Revenues at current prices of .0023 would take about 450 mil shares
If thats the case there is going to be a whole lot more Offerings.
I hope for all our sakes the docs show 1 Mil share offerings because if they are indeed 1 Mil in Revenues there is gigantic dilution occurring.
I think the other two links that actually show a size are more credible and do not bear the disclaimer I quoted above on yours.
If the document I copied is referring to 1 Mil In Revs offered instead of shares, there is and will be a lot of shares sold to raise it.
About 450 mil shares at .0023 equals roughly $ 1,000,000.00
They would have to be Private Placements because that many shares dumped on the open market would send the shares plummeting in value.
Unfortunately any way you look at it the company is clearly selling stock to pay for Operating Capital which shows extraction and gold sales is not getting the job done and never has up to this point.
That is clearly evident.
eye