What we do know about this company,
1. They have not done one thing for their shareholders except take their money .
2. They excelled at devising ingenious ways of taking everyone's money, both on and off the market. The company instituted two consolidations of shares that reduced existing shareholder numbers of shares by a multiple of 7,500. That is a $1,000 became 1.3 cents
3 For the past two years only one person has supported them, now there is a second, who has stated, that he was too smart to buy the shares. This person spends enormous amounts of time attacking a long-term company critic.
4 The company has devised a strategy, to liquidate the assets after 11 years of their shareholders supporting them, to sell the company's sole project & pay off debts, and creditors who have supported them for the last 11 years, Whilst the board has received very high salaries & the CEO has been paid $500,000 per year.
This is all in a period of record high gold prices- gold is 3-4 times the price of what it has been in the last 5 years .
They got the shareholders to pay for the lot including the plant, purchased off a company headed by an 18-year-old female straight out of school, distantly related to the family, with her uncle handling the maintenance and refurbishment of the plant .
This plant may have been removed from the project site without advising shareholders, even though the shareholders paid for the plant.
**promotion blocked** sent correspondence to the company and the company verified most of this - see correspondence..
After purchasing the site of the project, doing limited drilling, buying the processing plant, and claiming to produce $950,000 of gold which was sold & the company kept the proceeds of the gold sale. After the shareholders had subscribed for the capital raise to finance full-scale production, the company ceased production after processing only 10 percent of the ore dug up and placed on the rom-pad. From then on the company only referred to them having undertaken trial-production.
Ask yourself if you would be happy after having invested in a company with this track record- given that several other companies have purchased Gekko processing plants . No reason was given to shareholders for ceasing production.
I guess that the second critic has been told what to say here.
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