posted
In another thread GWGO was mentioned as an example.....has anyone ever heard of any thing going on with this one? I have been looking and it seems that they are selling shares everyday but not releasing any info.
-------------------- I wish aliens would come down from space & make me thier pet I would like a bed with my name on it Posts: 89 | Registered: Nov 2006
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posted
Not much will happen until they address all these issues.
Great West Gold, Inc. -- Corporate Update Wednesday March 21, 2:13 pm ET Company Issues an Update to Its Stockholders
NEW YORK, March 21, 2007 (PRIME NEWSWIRE) -- Great West Gold, Inc. (Other OTC:GWGO.PK - News) wishes to update its stockholders following is Press Release dated March 1, 2006. ADVERTISEMENT
OUTSTANDING STOCK DIVIDEND DISTRIBUTIONS:
The Company is resolving the issue of the outstanding stock dividend distributions with the Transfer Agent; this was expected to be resolved without any further delay. However, the Company does not agree with the distribution of the stock, as provided by the Transfer Agent, and is at this time, working with the Transfer Agent to resolve this issue. This is in respect of the dividend distributions in: Bouse Mining Holdings plc, Ambassador Gold Holdings plc, Golden Eagle Mining Holdings plc, Copperstone Mining Holdings plc and Sentinel Resource Holdings plc. The Company is hopeful that this will be resolved shortly.
APPOINTMENT OF NEW AUDITORS:
The Company has this matter in hand, certain accounting details have now been finalized and upon the satisfactory completion of the stock dividends, the new Auditor appointment will be announced. This is expected to be completed very shortly, provided that there are no further delays on finalizing the outstanding stock dividends.
OUTSTANDING FILINGS:
It is the priority of this Company to bring its filings up to date immediately. We foresee no problems in this, given that we expect to appoint the new Auditor shortly.
APPLICATION TO BE REINSTATED ON THE OTC BB MARKET:
This application will be made at such time as the Company's filings are up to date. We do not foresee any problems nor should this exercise take an inordinate amount of time. This application cannot be made until the Company has brought its filings up to date.
UPDATE OF CORPORATE WEB SITE:
The various changes required to bring to the corporate web site up to date and to make it more informative, have been approved, and we are hopeful that these will be reflected on the web site shortly.
FUTURE PLANS:
The Company remains committed to enhancing stockholder value. The strong commodity prices have attracted a lot of unsolicited interest in this Company, from various third parties. We are at this time, evaluating certain proposals and will hopefully be in a position shortly to report back to our stockholders. We do are hopeful that this process will not be delayed much longer.
About Great West Gold, Inc.
Great West Gold, Inc., http://www.greatwestgold.com, a gold mining exploration stage company, engaged in the acquisition and exploration of mining properties in the United States. The Company has Gold assets through its holdings in ``Bouse'', ``Mockingbird'', ``Ambassador'', ``Yaba'', ``Golden Eagle'', ``Bonanza'', ``Storm Cloud'', ``Starlight'', ``Venezia'', ``Federal'', ``Buffalo Lime Cap'', ``Red Cloud'', ``South Copperstone'' and ``Gladstone Lookout'' Gold Mining Projects. The Company's Copper assets are ``Copper Mountain'', ``Swansea'', ``Tip Top'' and ``Mineral Mountain''. The Company holds five of these Mining Assets through its 51% holding in Bouse Mining Holdings plc, Copperston Mining Holdings plc, Ambassador Gold Holdings plc, and Golden Eagle Mining Holdings plc and in Sentinel Resource Holdings plc. The other Mining Exploration Projects are 100% controlled by the Company.
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: Great West Gold, Inc. investor*greatwestgold.com + 44 845 127 4051
-------------------- Up Up and Away! Posts: 225 | From: Minneapolis | Registered: Jan 2006
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posted
I just received an email back from my questions to the company from a few weeks ago. With the last PR from the other day and the email response (below) I think we should be hearing more news ANY DAY.
Dear Sir/Madam,
Many thanks for contacting us at Great West Gold, Inc.
Mr Peter J Bezzano, the recently appointed Company President has been overwhelmed with E Mail enquiries for information, so many in fact, that he is not able to deal with personal responses. The Company has delegated the "Investor Relations" role, the new lady will commence work late this week. We hope that may bring satisfactory and timeous answers to all of your questions. All of your E Mail correspondence has been saved, in order for her to answer all of your outstanding questions, as well.
Please be advised that Computershare Trust Company, Inc., The Transfer Agent to Great West Gold, Inc. assures us that the issue of the outstanding Stock Dividends will be completed tomorrow. It would appear that FINALLY, the Company and the Transfer Agent have managed to agree to the distribution method. Should this be completed tomorrow, the Company will be issuing a detailed Press Release.
With the "Outstanding dividend" question out of the way, we hope to focus our attention on the appointment of Auditors to the Company and to bring our filings up to date. This is a necessary step to the road back the OTC BB Market.
The Company will be finalizing its plans very shortly, in respect of its new Mining Management Team and its plans for its Mining Interests. Stockholders will be kept informed through Press Releases as and when the Company has something to announce.
We have included our latest Press Release issued on March 21, 2006.
Kind Regards GREAT WEST GOLD, INC.
Posts: 2498 | Registered: Mar 2006
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posted
Press Release Source: Great West Gold, Inc.
Great West Gold, Inc. -- Stock Dividend Distribution Wednesday March 28, 12:20 pm ET Company Completes Its Outstanding Distribution of Stock Dividends
NEW YORK, March 28, 2007 (PRIME NEWSWIRE) -- Great West Gold, Inc. (Other OTC:GWGO.PK - News) confirms that the outstanding stock dividend distributions have now been completed by the Transfer Agent, and to the satisfaction of Great West Gold, Inc. ADVERTISEMENT
This is in respect of the dividend distributions in: Bouse Mining Holdings plc, Ambassador Gold Holdings plc, Golden Eagle Mining Holdings plc, Copperstone Mining Holdings plc and Sentinel Resource Holdings plc.
The dividends have been distributed to eligible stockholders on the various Record Dates.
Stockholders wishing to verify their shareholdings in these companies or who require physical stock certificates, should contact the Transfer Agent directly, Computershare Trust Company, Inc.
The Company is now focusing on the appointment of the new Auditor, a matter which had been delayed until major outstanding issues such as the distribution of the Stock Dividends. This is expected to be finalized very shortly, given the resolution of the outstanding stock dividends.
About Great West Gold, Inc.
Great West Gold, Inc., http://www.greatwestgold.com, a gold mining exploration stage company, engaged in the acquisition and exploration of mining properties in the United States. The Company has Gold assets through its holdings in ``Bouse,'' ``Mockingbird,'' ``Ambassador,'' ``Yaba,'' ``Golden Eagle,'' ``Bonanza,'' ``Storm Cloud,'' ``Starlight,'' ``Venezia,'' ``Federal,'' ``Buffalo Lime Cap,'' ``Red Cloud,'' ``South Copperstone'' and ``Gladstone Lookout'' Gold Mining Projects. The Company's Copper assets are ``Copper Mountain,'' ``Swansea,'' ``Tip Top'' and ``Mineral Mountain.'' The Company holds five of these Mining Assets through its 51% holding in Bouse Mining Holdings plc, Copperstone Mining Holdings plc, Ambassador Gold Holdings plc, and Golden Eagle Mining Holdings plc and in Sentinel Resource Holdings plc. The other Mining Exploration Projects are 100% controlled by the Company.
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: Great West Gold, Inc. + 44 845 127 4051 investor*greatwestgold.com
-------------------------------------------------------------------------------- Source: Great West Gold, Inc.
posted
Once the dividends get settled, and once the auditors get handled and the financials get filed, then it MAY move. I forgot to mention the possible buyout rumor as the company already said they are considering offers already on the table.
Hmmm, if they were to sell 1/2 interest in the company (or 1/2 the outstanding shares and place those shares in restriction???). This could get interesting depending on what plays out.
Posts: 2498 | Registered: Mar 2006
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posted
lots of volume any thoughts on what they are doing? almost 300,000,000 today. almost all were bought.
-------------------- I wish aliens would come down from space & make me thier pet I would like a bed with my name on it Posts: 89 | Registered: Nov 2006
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posted
I hope the company is buying back shares or maybe they got off their butts and actually started looking for gold.
Posts: 1269 | From: Dallas, Tx | Registered: Mar 2007
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posted
Only 640,000,000,000 O/S to be? Sounds really good to me. Will they take an IOU? The MM's do. If I get naked, they will take it, and all my short sell, too.
Posts: 669 | From: Gouldsboro, Pa. | Registered: May 2006
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Great West Gold, Inc. -- Acquisition 81 minutes ago - *********wire Great West Gold, Inc. (Pink Sheets:GWGO) has acquired the Unitrust Capital S.A. Group, subject to the completion of certain legal formalities, the company being engaged in the issue of and the marketing of prepaid debit and credit cards. The Company is also engaged in various payment solution enterprises.
Great West Gold, Inc. will be changing its name to that of Fortress Financial Group, Inc. with immediate effect and will be obtaining a new CUSIP Number and Trading Symbol.
The mining exploration companies controlled by Great West Gold, Inc. will remain as Company assets until they are distributed to stockholders, in full. It is intended that these assets be placed in quoted companies under independent and experienced mining management teams.
The rationale for this transaction was to create value for stockholders and as announced on previous occasions that the Company was seeking to acquire a company in a different Industry Sector.
The Company will now be appointing a new Auditor, this is a condition of the acquisition of the Unitrust Capital S.A. Group. This will result in outstanding filings being brought up to date.
The Company is discussing changes to its share capital structure with the stockholders of Unitrust Capital S.A. and will be announcing its decision shortly.
About Great West Gold, Inc.
Great West Gold, Inc., www.greatwestgold.com, a gold miningexploration stage company, engaged in the acquisition and explorationof mining properties in the United States. The Company has Gold assets through its holdings in "Bouse," "Mockingbird," "Ambassador," "Yaba," "Golden Eagle," "Bonanza," "Storm Cloud," "Starlight," "Venezia," "Federal," "Buffalo Lime Cap," "Red Cloud," "South Copperstone" and "Gladstone Lookout" Gold Mining Projects. The Company's Copper assets are "Copper Mountain," "Swansea," "Tip Top" and "Mineral Mountain." The Company holds five of these Mining Assets through its 51% holding in Bouse Mining Holdings plc, Copperstone Mining Holdings plc, Ambassador Gold Holdings plc, and Golden Eagle Mining Holdings plc and in Sentinel Resource Holdings plc. The other Mining Exploration Projects are 100% controlled by the Company.
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.
Great West Gold, Inc. + 44 845 127 4051 investor*greatwestgold.com Recent GWGO Headlines April 30, 2007 1:29PMGreat West Gold, Inc. -- Acquisition 1:04PMGREAT WEST GOLD, INC. - ACQUISITION
1, 2 Search GREAT WEST GOLD INC News & Commentary Search Within Stocks Search All News and Commentary Keywords Symbol Select Source News Press Releases Commentary Submit
Posts: 2498 | Registered: Mar 2006
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posted
I tried looking for info on the company they are acquiring and can't find anything. That concerns me and makes me question this PR.
Posts: 806 | From: CT | Registered: Dec 2005
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posted
It better than being just a bag-holder of worthless stocks that you can't sell. This is much better than most companies that PR a Letter of Intent (LOI) to buy and never do, at least the deal is done here. This could be good.
Posts: 1269 | From: Dallas, Tx | Registered: Mar 2007
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posted
Press Release Source: Great West Gold, Inc.
Great West Gold, Inc. -- Completion of Acquisition Thursday May 3, 12:38 pm ET Company Completes Acquisition and Restructures Its Stock
NEW YORK, May 3, 2007 (PRIME NEWSWIRE) -- Great West Gold, Inc. (Other OTC:GWGO.PK - News) announced on May 2, 2007 that it had acquired the Unitrust Capital S.A. Group, subject to the completion of certain legal formalities; this company being engaged in the issue of and the marketing of prepaid debit and credit cards. This Company is also engaged in various payment solution enterprises. This acquisition has now been completed. Great West Gold, Inc. in the processing of changing its name to that of Fortress Financial Group, Inc. with immediate effect. and will be obtaining a new CUSIP Number and Trading Symbol. Stockholders will be advised accordingly.
The Company, will, with immediate effect, now be exclusively focusing on its recently acquired Payment Solutions business.
The Company had stated that it was reviewing its share capital structure. It has been decided that in order to restore credibility, for the Company, to substantially reduce the substantial ``float''; a ``roll back'' of the outstanding shares of Common Stock was imperative. The Company has therefore filed its Notice of this Reverse Split with the NASD, it will be effective for Stockholders of Record on May 10, 2007 and the Payment Date is May 14, 2007, the ratio of this Reverse Split is on the basis of 1 for 2,000. The Company intends that it will no longer trade as a ``sub penny stock'', this in our opinion, has proven to be of little use nor benefit, to our stockholders. This Reverse Split will be effective prior to the Company trading under its new name and Trading Symbol.
A completing new corporate web site is being completed; it will be available to stockholders next week. This web site will focus exclusively on the Company's new business whilst retaining details on the Mining portfolio. Please be advised that corporate E Mail and contact address will be changed on or before that date, being May 14, 2007. Stockholders will be kept advised. The new Management team will be announced on that new corporate web site. Mr. Peter J. Bezzano, the President of the Company, will remain as the Company's President. Mr. Peter J. Bezzano's experience as a practicing British Solicitor will bring his considerable legal, negotiating and commercial skills to the new Company.
Mr. Peter J. Bezzano, the President of the Company has stated that he considers this acquisition to be a very exciting and dynamic challenge for the Company; and needless to say, will be a very positive deal for the Company. After a year of research, it has been enormously gratifying to have secured a highly efficient, superbly managed prepaid debit and credit card programe, backed marketed and managed by a substantial world class organization.
Mr. Peter J. Bezzano stated that the exhaustive and very successful due diligence conducted upon the Company and its products; resulted in our being convinced that we have now secured a product that is flawless in its execution and in respect of the level of support provided by its Issuers. He is particularly gratified by its low cost overhead structure, the operations being based in a very low cost, yet first class, jurisdiction. The use of Internet marketing to acquire customers is of enormous benefit, given the cost savings in the use of Internet, when compared with the huge costs associated with that of traditional marketing campaigns.
The benefits to our Company are innumerable, the monthly recurring income stream, access to the global market, the ability to offer these unique offshore card products, the day to day interface with world class management. Perhaps most importantly, the positioning of the Company in one of the fastest growing market sectors in the world, with the possibility of synergistic links with other financial service providers, and globally. The ability to drive our growth through the Internet, offer enormous challenges, it is our intention to grow and expand upon what is in our opinion, a very successful entrenched marketing model.
I must stress that stockholders will not in any way, be prejudiced by this restructure of the Company, as indeed, the Company's Mining Portfolio continues to hold a very significant value for the Company and upon our realization of its true value, even further benefits will accrue to our loyal and supportive stockholders.
The mining exploration companies controlled by Great West Gold, Inc. will remain as Company assets until they are distributed to stockholders, in full. It is intended that these assets be placed in two separate quoted companies under independent and experienced mining management teams. The Mining Assets in question, are : Great West Gold, Inc.'s stockholding in : Bouse Mining Holdings plc, Ambassador Gold Holdings plc, Golden Eagle Mining Holdings plc, Sentinel Resource Holdings plc, Copperstone Mining Holdings plc; and the ``Bonanza'' Gold Project, the only wholly owned company of Great West Gold, Inc.
The Company can confirm that the ``Bouse'', ``South Copperstone'' and the ``Golden Eagle'' Mining Exploration Projects are being transferred into a separate Company. The Company has now appointed management to this Company.
Furthermore, the ``Mockingbird'', ``Ambassador'' and the ``Bonanza'' Mining Exploration Projects are being transferred into a second separate Company. Management for this Company has not as yet, been agreed upon.
``Bouse'', ``Mockingbird'', ``South Copperstone'', ``Ambassador'' and ``Golden Eagle'' are controlled by the new company but have significant outside stockholders though previous stock dividend distributions to Great West Gold, Inc. stockholders.
In the interim, these Mining assets will be retained as ``portfolio'' assets on the Company's books.
The stock and interests in the above-mentioned mentioned six Mining Exploration Projects will be distributed in full, to eligible Great West Gold, Inc. stockholders. No stock issued pursuant, and pertaining to the acquisition of the Unitrust Capital S.A acquisition, will be eligible for these Stock Dividend distributions of the Company's Mining portfolio.
Great West Gold, Inc. has relinquished its interests in the below-mentioned Mining Projects and cancelled the corresponding Convertible Loan Notes and debt associated therewith, thereby leaving the Company completely debt free, as follows :-
The Company will continue to distribute the outstanding dividends to eligible Great West Gold, Inc. stockholders, a process to be managed ``in house'' with immediate effect, and not by Computershare Trust Company, Inc. All enquiries in the respect are to be directed to angela*greatwestgold.com.
As previously stated, the Company is now appointing a new Auditor; this is a condition of the acquisition of the Unitrust Capital S.A. Group. This will result in outstanding filings being brought up to date; and hopefully see a speedy return to the OTC BB Market. This process is being overseen by the incoming management, who will appoint an auditor of their choice.
About Great West Gold, Inc.
Great West Gold, Inc., http://www.greatwestgold.com, was a gold mining exploration stage company, engaged in the acquisition and exploration of mining properties in the United States. The Company now retains these Gold Mining Exploration interests as portfolio assets. In and during May of 2007, the Company will effect a name and Trading Symbol change to that of Fortress Financial Group, Inc. and will then, be solely engaged in the issuing and marketing of prepaid debit and credit cards, on a global basis; as well offering various other payment solutions. The Company will from May 10, 2007, be operating from a new, more pertinent corporate web site, reflecting the Company's change in the nature of its business.
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: Great West Gold, Inc. investor*greatwestgold.com + 44 845 127 4051
Posts: 2498 | Registered: Mar 2006
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posted
Yeah, the POS will only have 320mm share out after the RS. LOL and I will have 1000 shares. WOOHOO!!! Of course it will drop like a rock like asvn did. AND best of all the AS will still be unlimited. TMAN...
-------------------- In the end, trust only yourself when trading stocks. Posts: 2048 | From: Texas | Registered: Feb 2006
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posted
Well we all knew this was coming after that senseless forward split. After this 1/2000 R/S the pps will be .20, so unless they have a good plan it will most likely drop rather than go up. Well at least I was lucky enough to get the F/S when they did the double so .10 will be my break even point.
Posts: 1269 | From: Dallas, Tx | Registered: Mar 2007
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posted
Yeah Tman, it not over yet. They have 5 days to show that they will no longer be a sub-penny stock or this thing is going to tank back to the same level.
Posts: 1269 | From: Dallas, Tx | Registered: Mar 2007
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posted
If it tanks and I am out thats cool by me. As long as they dont dilute and it tanks, that would be sweet. Then you and I can buy up the float and run her to a dollar. LMAO. TMAN...
-------------------- In the end, trust only yourself when trading stocks. Posts: 2048 | From: Texas | Registered: Feb 2006
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posted
I wouldn't think it's shorts covering since they would make a killing after R/S when it drops to sub pennies again. Unless they are being forced to cover by their broker.
Posts: 1269 | From: Dallas, Tx | Registered: Mar 2007
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releasing any info. 
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