GBGD Filed Notice of Late Filling...
Wow, took them long enough. So it looks like they will file their September 30, 2012 financials after all. I hope they disclose everything?
PLEASE NOTE MR. VAN KRIKORIAN:
Intentional misstatements or omissions of fact constitute Federal Criminal Violations (See 18 U.S.C. 1001).
It would be nice to have clarity on the following:
1) Why did they stop production in Armenia?
2) Why are they under criminal investigation by the State Revenue Department since March 2011?
3) Why have they not started mining Marjan since they control and announced they own it after the arbitration in March 2012?
4) Have they paid all their concession and license fees for all their properties?
5) Is the Toukmanuk License in good standing? And if not what are they going to do to rectify it?
6) Is the Marjan license in good standing? And if not What are they going to do to rectify it?
Mr. Van Krikorian, as the Chairman, Director, and Corporate Counsel for GBGD...just should state clearly to all the investors and the SEC that the license as per the your agreements with the Ministry of Energy and Natural Resources are in GOOD STANDING, but you don't.
The reason you never state this, because you know it is not true.
You do state in your previous filings that you have to mine 80,000 tones per year of ore and invest $1,000,000 per year. If we read your financial statements it is clear you have not done that! Therefore they are not in good standing. SO what are you going to do to rectify the situation?
Same for you Marjan Project. You have not invested $9MM on the property, you have not mined 50,000 tones of ore a year, you have not build a test processing plant or infrastructure to operate. All this is clear from reading you filings. This means your are in default. SO waht are you going to do rectify this?
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