posted
This could be a real good thing. New leadership!! The company's biggest problem was lack of filing and followthrough. Hope this new president makes a difference.
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Great West Gold, Inc. -- Appointment of President Monday December 4, 12:20 pm ET Company Confirms Appointment of New President of Board
NEW YORK, Dec. 4, 2006 (PRIME NEWSWIRE) -- Great West Gold, Inc. (Other OTC:GWGO.PK - News) announces the appointment of Peter J. Bezzano as the new President of Great West Gold, Inc. with immediate effect. Mr. Peter J. Bezzano will be replacing Mr. Richard M. Axtell, who has resigned from the Board of Great West Gold, Inc. due to his numerous outside commitments. Mr. Peter J. Bezzano is a Solicitor (Attorney) in the United Kingdom and is the Chief Counsel to the St. James Capital Holdings, Inc. Group. Great West Gold, Inc. is indebted to St. James Capital Group Holdings, Inc. in respect of Convertible Loan Notes exceeding US$80 million.
Mr. Peter Bezzano will be issuing an Announcement tomorrow wherein he will deal with all outstanding issues including his commitment to the immediate appointment of an Auditor and to bring the Company's filings up to date.
Posts: 203 | From: Ft Collins, CO | Registered: Nov 2005
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posted
I did received the dividends. I've been in GWGO for a while and have actually received 2 sets of GWGO stock divys but no "new" company stock dividends.
New CEO and he is/was affiliated with St. James Capital. I think this is GREAT but time will tell.
Posts: 2498 | Registered: Mar 2006
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Change in Directors or Principal Officers, Financial Statements and Exhibit
ITEM 5.02 DEPARTURE OF DIRECTORS OR PRINCIPAL OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF PRINCIPAL OFFICERS. Robert Axtell resigned as a member of the Company's Board of Directors and as the Company's President, Chief Executive Officer, Chief Financial Officer, Chairman of the Board, Secretary and Treasurer, effective December 14, 2006. The resignation was not the result of any disagreement with the Company on any matter relating to the Company's operations, policies or practices.
Peter Bezzano was appointed as a member of the Company's Board of Directors and as the Company's President, Chief Executive Officer, Chief Financial Officer, Chairman of the Board and Secretary, each as of December 14, 2006. Peter Bezzano, age 39, is a United Kingdom qualified and admitted solicitor who completed his academic law training at Oxford. He has extensive commercial experience gained working for high profile commercial clients while working for City of London commercial law practices. Mr. Bezzano has previously played a pivotal role in large scale land acquisition and development programs, working with both local and national governmental agencies and departments and major well known high profile PLCs. In 2005, Mr. Bezzano left private practice to devote more time to the St James Group of companies and during this period, he has risen to the position of Chief Counsel to the entire group. Previously Peter has advised and acted for overseas government departments active in the tourism sector. Peter has extensive experience in the purchase and sale of large companies gained primarily in the real estate, recreation and health sectors. Peter has also acted for mining groups active in Africa. As well as being a qualified solicitor, Peter has both under graduate and post graduate degrees in Town Planning and has advised large private companies in Town Planning matters and has successfully run a number of high profile appeals.
No transactions have occurred in the last two years to which the Company was a party in which Peter Bezzano had or is to have a direct or indirect material interest. Mr. Bezzano does not have an employment agreement with the Company.
ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS (a) Financial Statements of Business Acquired.
Not applicable.
(b) Pro Forma Financial Information.
Not applicable.
(c) Exhibits.
17.1 Resignation Letter of Robert Axtell, dated December 14, 2006
Posts: 2498 | Registered: Mar 2006
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Why would an Oxford trained attorney take a position as CEO unless he thought something BIG would happen with this crazy .0001 company?
Posts: 2498 | Registered: Mar 2006
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posted
Some new leadership might make this thing move. The management might keep some comitments. Hope it moves back to the OB
Posts: 203 | From: Ft Collins, CO | Registered: Nov 2005
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posted
Web site says its being updated so we will see. Maybe after the holidays something will happen.
Posts: 2498 | Registered: Mar 2006
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posted
It always says its being updated. If you don't own this STAY AWAY!!!!! I've been in this for years and even with all their stock divi's I'm still in the red. PLUS they have yet to issue ANY of their spin off companies as promised. This thing has SEC investigation written all over it. PLUS it will probably end up with a class action lawsuit filed against it. ALSO, I just looked up the pps on pinksheets and it has fallen to .00000. The stock is now worthless.
Posts: 806 | From: CT | Registered: Dec 2005
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posted
I don't know about staying away, but I wouldn't throw too much money into it! A few hundred dollars at this point gets you a few Million shares.
It could go from .0001 to .0002 on any news and that would be 100% profit.
Investing in the pinks is a lot like gambling anyway.
Posts: 2498 | Registered: Mar 2006
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posted
Got this last night in response to my questions to the company via amail. It may explain the coincidental gigantic volume days if the company would be buying back their own stock...Maybe they know something...wink wink.
Dear Stockholder,
RE : GREAT WEST GOLD, INC. ("GWGO")
I have recently been appointed as President of Great West Gold, Inc., an appointment that was delayed until the end of December 2006, due to various internal problems and disagreements at Great West Gold, Inc., these being between the President and substantial Bondholders. These "internal disagreements" delayed my actual appointment as your Company's President and I was not actually appointed on that date that I, and the Company's professional advisors had assumed in light of the fact that the requisite resignations from the Company's Board had not in fact, taken place; and this prohibited me from communicating with stockholders. Furthermore, I can assure you that I am now in full control of the day to day affairs of the Company, with the previous Management now having no association of whatsoever nature with the Company. It is my hope to provide some immediate relief to stockholders, which if possible, will allow me publish details of this transaction, very shortly.
I have, for the past two weeks, been familiarising myself with the Company, all outstanding issues affecting the Company's credibility and more importantly, numerous stockholders concerns. I have now been in a position to read all of the stockholder communications with the Company and am now fully aware as to the immediate requirements and demands of our stockholders.
Please believe me that I fully understand and appreciate stockholder concerns and their absolute frustration at this point. I am in a position to assure stockholders that all outstanding dividend issues as well as appointment of Auditors are matters that we have in hand at this point. Stockholders may rest assured that the Company is not contemplating a Reverse Split of the Company's Stock nor is the Company altering its plans to unlock stockholder value as a matter of some urgency. Please appreciate that I will announce all of our plans once finalized and that I will publicise these in great detail, very shortly. Having read all of stockholder communications, I really appreciate the anxiety of our stockholders, which I will demonstrate, is unfounded.
I will, very shortly, be issuing a Press Release detailing our resolution of each of the outstanding problems that are of enormous concern to both myself and to stockholders.
You may however rest assured, that I will be responding to each query submitted to the Company, within the next few weeks. You may appreciate that this is an enormous task given the sheer number of requests for information. I have ascertained that stockholder queries to the Company have been unanswered for a period of three months.
I am now in a position to assure you that each of every outstanding issue will be resolved shortly and that my immediate brief is to (a) resolve outstanding stock dividends (b) Appoint the new Auditors (c) bring filings up to date (d) improve stockholder communications (f) restore the Company to the OTC BB Market (g) update the Corporate web site and (h) proceed with the stated plans to unlock value for the stockholders.
I would ask that stockholders appreciate that I am addressing all issues as a matter of urgency and that a few weeks patience would be much appreciated. I am also fully aware that current stock price is unacceptable to both the stockholders and to the Bondholders of the Company, I trust that our efforts will rectify this situation in the short term.
Kind Regards
Peter J Bezzano President Great West Gold, Inc.
Posts: 2498 | Registered: Mar 2006
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posted
Another 50 million traded already this morning. GWGO is being accumulated! By who and why, who knows?
Posts: 2498 | Registered: Mar 2006
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posted
Anyone have any objections to moving this thread or starting it up again on the Hot Stock board?
Posts: 2498 | Registered: Mar 2006
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posted
Everyone...I just started the GWGO thread on the hot stocks board. Please go there to post, maybe we can bring the share price to life? Posts: 2498 | Registered: Mar 2006
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