Replies to post #45956 on Prom Resources Inc (PRMO)

[crazyjogger925]

all i can say is maybe they do a little mining somewhere and maybe they were able to circumvent the SEC cause a bunch of us including LITTLEBRIDE AND CAPTAINMOTI had GARVEY SCHUBERT BARER do the necessary paperwork over 3 inches thick called CONFIDENTIAL AND ATTORNEY CLIENT PRIVILEGED REPORT ON PROM RESOURCES with GERALD SKLAR pretty much getting top=billing on this PROM DEAL.THIS report must be into the SEC cause it was prepared in feb.09.imo

so as strange as it seems PROM RESOURCES may mine?who the heck knows one way or the other for sure?imo and thats why i always refer to prom resources as a scam for failure to disclose adequate infomation.imo

[crazyjogger925]

this 6100kg of gold bearing material was stated in the 09 annual report released in august.imo

Prom Resources, Inc.
June 30, 2009
A Development Stage Comp
any
Management Discussion
The following should be read in conjunction with the Company's Financial Statements and the notes related thereto, contained
elsewhere in this
The Company intends
that certain matters discussed in this Form are "forward
-
looking statements" intended to qualify for the safe harbour from
liability established by the Private Securities Litigation Reform Act of 1995. These forward
-
looking statements can generally be iden
tified as
such because the context of the statement will include words such as the Company "believes", "anticipates", "expects", or "es
timates", or words
of similar meaning. Similarly, statements that describe the Company's future plans, objectives or goal
s are also forward
-
looking statements. Such
forward
-
looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from t
hose anticipated
as of the date of this report. Certain of such risks and uncer
tainties are described in close proximity to such statements or elsewhere in this report.
Shareholders, potential investors and other readers are urged to consider these factors in evaluating the forward
-
looking statements and are
cautioned not to place u
ndue reliance on such forward
-
looking statements.
For
2009
, the Company had sales which
amounted to $3,027,000.
The sales generated a gross margin of
489,631. Sales in 2008 were $1,250,000.
The sales generated a gross margin
951,225.
Liquidity and capit
al resources
The Company's main source of liquidity is its inventory of
Gold Bering material
. The
Gold barring material is
readily liquid and the amount in
inventory when liquidated would not impact the market to cause a negative impact to the value of th
e inventory or the world market. The
inventory consists of the following:
-
Jun
e 30,
2009 6,100 Kg
of
Gold Bearing Material