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vanguard62

12/23/12 4:41 PM

#88515 RE: Arnold25764 #88514

The only thing this company is doing is selling shares to pay for the debt associated with their $13,000,000 deficit. None of their prospects over the past decade have ever been substantiated. This company has accomplished nothing in the past year except diluting the stock by 40% and failing on JV prospects. That is it. The company is a scam and they have more Series E shares issued that will convert on demand at a higher value than the entire company and all of its physical, stock, and intellectual assets combined.
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Ken1a

12/23/12 4:42 PM

#88516 RE: Arnold25764 #88514

Other than fiat currency going down the crapper, (which it should) and them actually finding gold, nope.
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vanguard62

12/23/12 4:48 PM

#88518 RE: Arnold25764 #88514

I forgot to mention.. once those Series E shares are converted and sold on the market, this company will fall apart. As we have seen in over 7 instances of precedence over the past decade, the CEO will leave the company and a new one will come along to change the company and reset the S/S and do the entire process over again. This is happening right now and the upcoming R/S will obliterate the value of any shares held. IMHO

THE REASON THE PRICE HAS BEEN GOING DOWN SINCE THE SPRING IS ENTIRELY THE RESULT OF INSIDER SELLING. ABSOLUTELY NOT BECAUSE OF SHAREHOLDERS LIQUIDATING POSITIONS, GOLD PRICES, NORMAL CONSOLIDATION TRENDS, ETC. THE COMPANY HAS BEEN STEADILY DILUTING THE MARKET WITH NEW AND ACCUMULATED SHARES FOR THE PAST YEAR.

If anyone chooses not to believe me, that's fine. Remember, there will be nobody to hold accountable for catastrophic overnight losses except the shareholder. GLTA