Great West Gold, Inc. (OTCBB:GWGO) confirms that it will be acquiring a series of companies through the issue of restricted shares of the Company's Common Stock and through certain small cash payments. The Company is expecting to place another tranche of its restricted shares for cash in and during next week. No Registration Statement will be filed for these share issues for cash or for the acquisitions. These acquisitions will be of considerable value to the Company and will dramatically increase the Net Asset Value per share. Shareholders will be advised as to the full details of these acquisitions in and during and a Form 8-K will be filed. The Company confirms that it is not planning a "Reverse Split" of its Common Stock. The Company web site is being updated at this time to accurately reflect the position of the Company and its restructuring. The Company apologises to its shareholders for this delay. St James Capital Holdings, Inc. which holds a Loan Note in the amount from the Company in the amount of US$1,750,000 has confirmed that it does not intend to convert this Loan Note into restricted Common Stock at this time and when it does so decide to convert this Loan Note into restricted shares of the Company's Common Stock, it will not request and the Company will not file a Registration Statement for these restricted shares of the Company's Stock issued in settlement thereof. 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.
-------------------- *I'm not a financial expert or advisor, everything stated is my opinion* Posts: 1680 | From: NC | Registered: Jan 2006
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-------------------- Take one step forward, no more, no less and next will be revealed... 'A Rich Man's Secret' - http://tinyurl.com/8xwcf Posts: 77 | From: Memphis, Tennessee | Registered: Jan 2006
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-------------------- *I'm not a financial expert or advisor, everything stated is my opinion* Posts: 1680 | From: NC | Registered: Jan 2006
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posted
I just bought more at .0002! I don't know what's going on, but I'm taking advantage of the sale.
Posts: 344 | From: Berkeley, CA | Registered: Sep 2005
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-------------------- Take one step forward, no more, no less and next will be revealed... 'A Rich Man's Secret' - http://tinyurl.com/8xwcf Posts: 77 | From: Memphis, Tennessee | Registered: Jan 2006
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posted
i bought another 3 mil as well at .0002! Huge volume! Looks like the highest amount in over 52 weeks!
Posts: 610 | From: Victoria | Registered: Dec 2004
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posted
ask and bid just went down... i think we are looking at a lot of people selling because they're under the impression that the latest news out isn't good!!!
Posts: 610 | From: Victoria | Registered: Dec 2004
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quote:Originally posted by JARW: ask and bid just went down... i think we are looking at a lot of people selling because they're under the impression that the latest news out isn't good!!!
But the news is good. I'd keep a close eye on this puppy!
-------------------- *I'm not a financial expert or advisor, everything stated is my opinion* Posts: 1680 | From: NC | Registered: Jan 2006
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posted
broke the billion barrier and... yes the news is good... i'm looking forward to further developments over the next few trading days we could be seeing GWGO back around .0006 - .0007 IMO ... which wouldn't be too shabby!
Posts: 610 | From: Victoria | Registered: Dec 2004
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posted
2 years ago this stock was at .13 . This was before all the naked shorting and stuff. I don't know if they have been diluting over the last 2 years though they have been paying stock dividends.
Posts: 806 | From: CT | Registered: Dec 2005
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posted
From the latest 10Q and a 10Q filed in Nov 2003, 2 yrs ago:
State the number of shares outstanding of each of the issuer's classes of common equity, as of November 30, 2005: 14,927,193,220 shares of common stock outstanding.
The number of shares of Registrant's Common Stock, $.0001 par, outstanding on November 10, 2003 was 2,081,152
Yes, there has been dillution over the last two years. More than 14.9 BILLION shares added to the O/S in the last two years.
-------------------- A million seconds is 13 days. A billion seconds is 31 years. Posts: 4893 | From: Burbank IL USA | Registered: Feb 2004
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quote:Originally posted by will: From the latest 10Q and a 10Q filed in Nov 2003, 2 yrs ago:
State the number of shares outstanding of each of the issuer's classes of common equity, as of November 30, 2005: 14,927,193,220 shares of common stock outstanding.
The number of shares of Registrant's Common Stock, $.0001 par, outstanding on November 10, 2003 was 2,081,152
Yes, there has been dillution over the last two years. More than 14.9 BILLION shares added to the O/S in the last two years.
posted
Great West Gold, Inc. - Share Price and Trading Activity
February 17, 2006 10:06:07 (ET)
NEW YORK, N.Y., Feb 17, 2006 (BUSINESS WIRE) -- Great West Gold, Inc. (GWGO, Trade) confirms that it has noted that its share price traded at a new low yesterday with in excess of 1 billion shares being traded on that day.
The Company has requested an urgent "Squeeze Trigger" Report from www.********** in respect of the Company's trading including yesterday and upon receipt of this report, it will be published by the Company.
The Company wishes to draw shareholders attention to the fact that the SEC Approves NASD Request Requiring 5,600 Brokerage Firms To Disclose Monthly Total Short Interest For OTCBB and PINKSHEET Securities. The SEC News Digest reported approval of the NASD's request to require all NASD member firms to disclose Total Short Interest positions on OTC BB and PINKSHEET securities. The following statement was published in the February 7, 2006 edition:
"The Commission approved a proposed rule change submitted by the National Association of Securities Dealers (SR-NASD-2005-112) regarding amendments to Rule 3360 to expand short interest reporting to OTC equity securities. Publication of the order is expected in the Federal Register during the week of February 6. (Rel. 34-53224)"
On September 20, 2005 the NASD filed with the Securities and Exchange Commission ("SEC") a proposed rule change to amend Rule 3360 to expand short interest reporting requirements to over-the-counter equity securities. The term "OTC Equity Securities" shall mean any equity security that is not listed on The NASDAQ Stock Market or a national securities exchange. Each member firm shall maintain a record of total "short" positions in all customer and proprietary firm accounts and shall regularly report such information to NASD as of the close of the settlement date designated by NASD. Reports shall be received by NASD no later than the second business day after the reporting settlement date. The term "customer" also includes accounts of other broker-dealers held at each firm.
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.
Great West Gold, Inc. + 1 602-532-7322 investor*greatwestgold.com
-------------------- *I'm not a financial expert or advisor, everything stated is my opinion* Posts: 1680 | From: NC | Registered: Jan 2006
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posted
this stock gwgo is a gold mine if played right no secret buy low sell high. this will pop soon like always if you've watched it the last year it ranges between .0001-2 to .004
my opinion only do your own research.
Posts: 44 | From: az | Registered: Dec 2005
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posted
GWGO needs to hit .0005 for the run to start. Right now too many people are buying at .0002 and selling at .0003 for a quick 50% profit. It's got to hit .0005 or we're stuck here. If it gets passed that maybe some of those shorts they're speaking of will start covering.
Posts: 344 | From: Berkeley, CA | Registered: Sep 2005
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-------------------- *I'm not a financial expert or advisor, everything stated is my opinion* Posts: 1680 | From: NC | Registered: Jan 2006
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posted
Who's selling at .0002, that's what I want to know. You can't short something at .0002, can you?? I think on the next run we'll crack .0007. Just a guess...
Posts: 344 | From: Berkeley, CA | Registered: Sep 2005
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posted
903M shares traded. This is going to be the biggest volume day ever! Yesterday also topped a billion shares, but we're on pace to beat that. Expect a rebound soon... Posts: 344 | From: Berkeley, CA | Registered: Sep 2005
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posted
Passed 1 billion...all buys coming in...someone purchased 84 million shares in 9 block trades of 9375000.
This is looking good.
BUY MORE WHILE ITS STILL .0002 and DIRT CHEAP!
-------------------- *I'm not a financial expert or advisor, everything stated is my opinion* Posts: 1680 | From: NC | Registered: Jan 2006
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Great West Gold, Inc. - Squeeze Trigger Report Tuesday February 21, 8:32 am ET SqueezeTrigger Price is $0.0006. Approximately 1.59 billion Shares Shorted Since January 2005 According To ********** Research Report
NEW YORK, N.Y.--(BUSINESS WIRE)--Feb. 21, 2006--Great West Gold, Inc. (OTCBB:GWGO - News) announced on February 16, that www.**********, is initiating coverage of Great West Gold, Inc. (OTCBB:GWGO - News) after releasing the latest short sale data through February 2006. From January 2005 to February 2006 approximately 20.59 billion total aggregate shares of GWGO have traded for a total dollar value of nearly $12.35 million. The total aggregate number of shares shorted in this time period is approximately 1.59 billion shares. The GWGO SqueezeTrigger price of $0.0006 is the volume weighted average short price of all short selling in GWGO. A short squeeze is expected to begin when shares of GWGO close above $0.0006. To access SqueezeTrigger Prices ahead of potential short squeezes beginning, visit http://**********/squeezetrigger.pdf. Month Total Vol Short Vol Avg. Price Short $ Val.
January '05 457,150,848 35,200,615 $0.0010 $ 35,201 February 1,151,325,440 88,652,059 $0.0006 $ 53,191 March 3,783,453,184 291,325,895 $0.0006 $174,796 April 557,730,240 42,945,228 $0.0007 $ 30,062 May 252,437,552 19,437,692 $0.0005 $ 9,719 June 329,216,768 25,349,691 $0.0007 $ 17,745 July 2,567,534,336 197,700,144 $0.0007 $138,390 August 958,548,032 73,808,198 $0.0005 $ 36,904 September 1,138,967,040 87,700,462 $0.0006 $ 52,620 October 820,497,536 63,178,310 $0.0008 $ 50,543 November 1,398,224,256 107,663,268 $0.0007 $ 75,364 December 1,779,495,296 137,021,138 $0.0005 $ 68,511 January '06 1,643,148,288 126,522,418 $0.0005 $ 63,261 February 3,752,025,344 288,905,951 $0.0005 $144,453
short volume is approximated using a proprietary algorithm. **average short price is calculated using a volume weighted average short price.
***short volume is the total short trade volume and does not account for covers.
GWGO on OTCBB Naked Short Threshold List
On List Off List # Days
February 25, 2005 March 4, 2005 6 February 15, 2006 February 16, 2006 2
Great West Gold, Inc. has been on the OTCBB Naked Short Threshold list 2 times. Regulation SHO took effect January 3, 2005, and provides a new regulatory framework governing short selling of securities. It was designed with the objective of simplifying and modernizing short sale regulation and providing controls where they are most needed. At the conclusion of each settlement day, data is provided on securities in which: 1) there are at least 10,000 shares in aggregate failed deliveries for the security for five consecutive settlement days, and 2) these failures constitute at least 0.5% of the issuer's total shares outstanding. SEC Regulation SHO, under the Securities Exchange Act of 1934, mandates that, if a clearing agent has had a fail-to-deliver position for 13 consecutive settlement days, that clearing agent, and the broker/dealer it clears for, must purchase securities to close out its fail to deliver position.
About **********
WWW.********** is a service designed to help bonafide shareholders of publicly traded US companies fight naked short selling. Naked short selling is the illegal act of short selling a stock when no affirmative determination has been made to locate shares of the stock to hypothecate in connection with the short sale. ********** has built a proprietary database that uses Threshold list feeds from NASDAQ, AMEX and NYSE to generate detailed and useful information to combat the naked short selling problem. For the first time, actual trade by trade data is available to the public that shows the attempted size, actual size, price and average value of short sales in stocks that have been shorted and naked shorted. This information is valuable in determining the precise point at which short sellers go out-of-the-money and start losing on their short and naked short trades.
********** has built a massive database that collects, analyzes and publishes a proprietary SqueezeTrigger for each stock that has been shorted. The SqueezeTrigger database of nearly 600,000,000 short sale transactions goes back to January 1, 2005 and calculates the exact price at which the Total Short Interest is short in each stock. This data was never before available prior to January 1, 2005 because the Self Regulatory Organizations (primary exchanges) guarded it aggressively. After the SEC passed Regulation SHO, exchanges were forced to allow data processors like ********** to access the data.
The SqueezeTrigger database collects individual short trade data on over 7,000 NYSE, AMEX and NASDAQ stocks and general short trade data on nearly 8,000 OTCBB and PINKSHEET stocks. Each month the database grows by approximately 50,000,000 short sale transactions and provides investors with the knowledge necessary to time when to buy and sell stocks with outstanding short positions. By tracking the size and price of each month's short transactions, ********** provides institutions, traders, analysts, journalists and individual investors the exact price point where short sellers start losing money and a short squeeze can begin.
All material herein was prepared by **********, based upon information believed to be reliable. The information contained herein is not guaranteed by ********** to be accurate, and should not be considered to be all-inclusive. The companies that are discussed in this opinion have not approved the statements made in this opinion. A third party has paid a $995.00 monthly data fee to ********** for information used in creating this report and can cancel the monthly data fee at any time. The third party, his/her firm and/or his/her family may own shares of GWGO. Great West Gold, Inc. has not paid for or influenced this report in any way. This opinion contains forward-looking statements that involve risks and uncertainties. This material is for informational purposes only and should not be construed as an offer or solicitation of an offer to buy or sell securities. ********** is not a licensed broker, broker dealer, market maker, investment banker, investment advisor, analyst or underwriter. Please consult a broker before purchasing or selling any securities viewed on or mentioned herein. ********** will not advise as to when it decides to sell and does not and will not offer any opinion as to when others should sell; each investor must make that decision based on his or her judgment of the market.
********** and SQUEEZETRIGGER are intended for use by stock market professionals. As a member, visitor, or user of any kind, you accept full responsibilities for your investment and trading actions. The contents of **********, including but not limited to all implied or expressed views, opinions, teachings, data, graphs, opinions, or otherwise are not predictions, warranty, or endorsements of any kind. Please seek stock market advice from the proper securities professional, or investment advisor.
By visiting ********** or using any data or services, you agree to assume full responsibility for the decisions or actions that you undertake. **********, LLC, its owner(s), operators, employees, partners, affiliates, advertisers, information providers and any other associated person or entity, shall under no circumstances be held liable to the user and/or any third party for loss or damages of any kind, including but not limited to trading losses, lost trading opportunity, direct, indirect, consequential, special, incidental, or punitive damages. As a user, you agree that any damages collected shall not exceed the amount paid to ********** and/or its owners. As a website user, you agree that any and all legal matters of any kind are to be reviewed and handled in their entirety within the State of California only. By using the services of this website, you are consenting to the terms as outlined, and forfeit all legal jurisdictions in any other State.
Past performance is not a guarantee of future outcomes. Any and all examples are hypothetical and should not be considered a guarantee or endorsement of such trading activity. ********** does not take responsibility for problems of any kind, including but not limited to issues with operations, data accuracy or completeness, contacting issues, technical issues, and timeliness. ********** places great integrity on the data collected and distributed. This information is deemed reliable, but not guaranteed. All information and data is provided "as is" without warranty or guarantee of any kind.
Please seek investment and/or trading advice, council, information or services from a securities professional. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and ********** undertakes no obligation to update such statements.
This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may", "future", "plan" or "planned", "will" or "should", "expected," "anticipates", "draft", "eventually" or "projected". You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a companies' annual report on Form 10-K or 10-KSB and other filings made by such company with the SEC.
Contact: ********** Thomas Ronk, +1 800 715 9999 Tom*********** www.**********
-------------------------------------------------------------------------------- Source: NY-GREAT WEST GOLD, INC.
-------------------- *I'm not a financial expert or advisor, everything stated is my opinion* Posts: 1680 | From: NC | Registered: Jan 2006
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posted
eh, ill throw in for a mill, lets see if i can get some at .0002 this morning
-------------------- Choosing individual stocks without any idea of what you're looking for (or without reliable information) is like running through a dynamite factory with a burning match. You may live, but your still an idiot. Posts: 5320 | From: Syracuse, NY | Registered: Apr 2005
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