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scubastevemd

09/28/11 10:29 AM

#44920 RE: risk on #44918

WOW! Did you not read what he said? Neither of us said it was but anytime you have a 500% swing it surely could be seen that way even without promotion and the like. The talk on the board was pretty heady and many bought believing the stock would see .10 -.20 by year end. I was hoping for .10 or so, but now I see that is way overly optimistic unless something stellar happens and at this point I doubt we see anything. Maybe in a year or two assuming they find enough gold to run and grow operation to where they are pulling out multi millions in gold. This assumes the price stays up and they do not dilute us any more.

mikeymgd

09/28/11 10:31 AM

#44921 RE: risk on #44918

I clearly stated it was not a pump and dump but based on PR's and chart it can appear that way.

We all remember the PR's about the financials being released. I personally remember a PR stating that they would be complete by the end of May and they will then seek to uplist.

We were all expecting the dredges to immediately provide revenue via gold. To date we have no information showing that they sold even 1 gram of gold outside of rumors. Yes even if it comes from a company personnel it is rumor until proven otherwise.

Risk I am not trying to pick a fight but rather pointing out the similarities. The dilution killed the run right? Is dilution not the bases of a pump and dump. No they did not need to PR it but that does not negate the fact that it occurred. The stock ran on delivery of the dredges, PR's of the finances going current and uplist, PR's about the assay reports and value. Next it crashed on dilution and a failure to produce revenue, the financial statements, or the uplist.

If you step back from the stock and try to take an outsider approach, you can easily see how this could look like a pump and dump. AGAIN I DO NOT FEEL IT IS...I think we fell do to poor management and not a scam to defraud or generate funds through a pump and dump.

StockHobit

09/28/11 1:00 PM

#44951 RE: risk on #44918

The company also stated that after the first three dredges shipped out we would be seeing many more dredges ordered and shipped within a couple of months....Hell we don't even know if the three they shipped are even operating.