Charts may be oversold. No news from company. Could be someone gathering shares. Moving up today. Look for quick gains out of this one.
Posted by KonaRide on :
i've been waiting a long time for this!!!! woohoo!!!
Posted by madmoney on :
just released the filing, the ( e ) will come off friday, READ the filing, find it on pinksheets.com. i did, maybe i misread but it looks like 8-9 billion oustanding and 2 TRILLION ? authorized, is that right. 2 TRILLION! WOW!
Posted by madmoney on :
10k-WEST AFRICA GOLD INC 0000802206 10KSB 6/16/2005 12/31/2004 - from the filing-STOCKHOLDERS' DEFICIENCY Common Stock - $.0001 par value; 2,000,000,000,000 shares authorized; 8,367,071,045 issued and outstanding 836,707 Additionial paid-in capital 11,973,798 Accumulated deficit (13,399,612) -- thats alot of zeros! pr released at 4.11pm,i would have waited till after the bell too! probably run 300% on friday when the e comes off! when everyone starts screaming but now at 0028 someone will read the filing and pop she drops like a stone! company did not release details of 10k filing in their pr only only highlights to pump up the stock price. READ THE FULL 10k before investing here!
Posted by franklinisp on :
Agreed,
Not to impressed with the filings, but might be a good chance to make 300% from this range.
Posted by franklinisp on :
Starting to move fast now! EOM.
Posted by madmoney on :
i will NEVER understand pinks, did you read the entire filing i did, 2 TRILLION shares authorized 9 BILLION oustanding, the rest basically says we might have something but we probably cant afford to find it! if you printed all the a/s certs you could fill yankee stadium with em!!. oh well its all about making a buck, buy low sell high!!
Posted by madmoney on :
news out, company to give shares of 2 count em 2 wothless companys to share holders then change thier name and restructure thier stock, 9 billion out i wonder what the restructuring will entail, hmmm, r/s maybe? LOL.probably jump a hundred percent on this news!!
Posted by franklinisp on :
Madmoney:
No R/S as long as investment firm comes through. All filings now complete. 200-300% gains possible. Nothing to hold long term.
Posted by madmoney on :
thats not what the pr said, it said name change and stock restructure witch almost always means R/S, with 9 billion out seems pretty likely. from the pr:--If successful, the Company would change its name and Trading Symbol and would effect a restructuring of its outstanding stock. --
Posted by WinsumLosesum on :
Great West Gold, Inc. – Potential Acquisition and Restructuring
The Company confirms its commitment to the creation of shareholder value
NEW YORK, June 30, 2005 – Great West Gold, Inc. (OTC BB:GWGO) has now filed its Form 10 QSB for the quarter ended March 31, 2005. The Company is now no longer delinquent in its filings and the “E” annotation will now be dropped from its Trading Symbol which will revert back to that of “GWGO”. The Company has for some time recognized the fact that its dismal share price performance required a major corporate restructuring and to this end, the Company has examined countless possibilities to unlock value for its shareholders.
The Company has announced plans to dispose of its interests in the two Arizona Gold Mining Projects to two newly created companies, Windsor Resources, Inc. (“Windsor”) and Sentinel Resources, Inc. (“Sentinel”). It was intended that both Windsor and Sentinel obtain funding to develop these projects independently of the Company and for the shares of both Windsor and Sentinel to be admitted for trading on the OTC Market. The rationale was a “Reverse Split” of the Companies stock coupled with a financing of the Company would not be in the interests of shareholders, therefore these two focused independent Gold Mining & Exploration companies would be better positioned to serve shareholder interests. The Company was forced to place these plans on hold until such time as the Company was up to date in its filings and third parties would be in a position to judge the Company upon its audited accounts and its up to date filings.
The Company has now re-entered into discussions to expedite the transactions in respect of both Windsor and Sentinel. If successful, it is the intention of the Company to distribute the majority or all of its shareholdings in Windsor and Sentinel to the Company’s shareholders, and at such time as both Windsor and Sentinel are quoted on the OTC Market. The Company is now in advanced discussions to acquire interests in another sector, which if successful, will result in the Company entering another business sector after disposing of the shares in its mining interests to its shareholders. If successful, the Company would change its name and Trading Symbol and would effect a restructuring of its outstanding stock. St James Capital Holdings, Inc. which holds a Loan Note from the Company in the amount of US$1,500,000 is assisting in this transaction and has agreed not to demand a conversion of this Loan into Common Stock of The Company at this time.
The Company wishes to stress that no restructuring of its outstanding stock will be effected without the unlocking of value for its shareholders through the distribution of the Company’s shareholdings in Windsor and Sentinel, if that transaction is successful. The Company stands by its promise that shareholders will not be diluted further without a significant unlocking of value for themselves. Furthermore, the proposed acquisition is not completed nor have final terms been agreed. The Company will update its shareholders accordingly.
This announcement is neither an offer to sell nor a solicitation of an offer to buy any of these securities.
About Great West Gold, Inc. Great West Gold, Inc. (www.greatwestgold.com) is a gold exploration company that has acquired certain rights to mine for minerals, primarily gold, in Arizona. Statements contained in this press release, which are not historical facts, are forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based largely on the Company's expectations and are subject to a number of risks and uncertainties beyond the Company's control, including but not limited to economic, competitive and other factors affecting the Company's operations, management team effectiveness, expansion strategies, available financing, market prices and recovery costs, government regulations involving the Company, facts and events not known at the time of this release, and other factors discussed in the Company's filings with the Securities and Exchange Commission. These statements are not guarantees of future performance and readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. The Company undertakes no obligation to update publicly any forward-looking statements. SOURCE: Great West Gold, Inc. Contact : investor@greatwestgold.com
Keep your eye on this for a week. No idea if it will GAP up in the morning. If they stand by what the PR said then 300% gains are possible short term.
Posted by madmoney on :
you can twist a pr like a pretzel, the 10k has to spell it out. READ IT! ALL OF IT NOT JUST THE ROSEY PARTS. or dont its your money! 2 trillion shares authorized 9 billion outstanding, no need to say any more! good luck! by the way i`m the one who said 300% and i was joking! maybe the joke will be on me!