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I don't know about this one...seems shady to me...but I'm neck-deep into PHBT, so I'd be a hypocrite to say no to a company just because it's shady.
-------------------- I'm a dark horse, running on a dark race course.
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"The Company seems to be banking on location, location, location. The May 2nd press release emphasized – repeatedly – that La Esperanza sits in Columbia's most fertile gold production region. Still, while the Company's CEO, Jairo Giraldo said that MGM was "highly pleased with what we have seen so far," the Company offered no details, independent studies or historical results that demonstrate La Esperanza has, or is likely to, yield a substantial amount of marketable gold."
"With 800 million shares issued (at least according to the Pink Sheets), MGM's market cap has varied widely in recent days – ranging from more than $80 million to about $32 million at May 4th's close. How much is this Company worth? Is "La Esperanza" as fertile as Sutter's mines? Or have we just witnessed a frenzy of activity fueled by unrealistic expectations and calculated to benefit as-yet unidentified individuals who held millions of the Company's shares and welcomed an opportunity to dump them. The Company certainly has made a splash. Will investors be left treading water?"
See post #171 - 178 of this link, very interesting. Seems spamers were trying to pump this. Saw the letter they were putting out by faxspam back in may. Mass advertising.
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