At one time, that Ekom Eya story had some potential to be pumped. They even went over and took pictures, etc. However, to answer your question, there were plenty of pieces of the scam to go around. There was no good reason to believe any actual mining work was ever contemplated. That was just the "story." The only work that was going to be done, the biggest expense to be incurred, was in pumping and dumping the stock. They were going to "mine" like Kennay and Timmay "explored." But the SEC queered it by making Kennay take the lies out of that S-1 and put all those disclaimers in. I don't think Kennay and his "financiers" counted on that. No wonder it took so long, so many versions, to get something approved.
Currently, Kennay hasn't been filing anything for a while, so there is no evidence that BVIG is even involved in any way in Ghana anymore. It's a pretty good bet that they wrote off the whole deal when the SEC queered the pump.
Now it's just like KATX: dump as much as you can on the bid, and paint the ask when needed to keep the bid up. Mouths shut, tails tucked. There's no telling how many shares were dumped just as the spinoff was being distributed. Literally, no telling. No filings.
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