Boa tarde a todos, descobri isto num site.......
Estará condenada à banca rota? será outra Enron......
Leiam atentamente.
PS: to all our supporters, take a moment and check out H Quotient. This company needs attention by the SEC more than most. Not because they lie more, but because they are incredibly aggressive against anyone who will challenge them. Doug Cohn has sued shareholders for questioning his tactics. Not to win but simply to harass. Check out our CPA's findings. Then email the SEC and ask them to investigate. Twice we have complained and twice they have threatened our press release people with lies and had our releases pulled. We need your help here. Even if you have no interest in the company, read our complaints and the CPA's findings and see for yourself. Then email the SEC and ask them to look into their books based upon our complaint. Help us take back our street. You made all the difference with Kingdom Ventures. We really need your help with this one. Thank You and God Bless You!
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SILVERADO GOLD MINES, LTD
OTC- BULLETIN BOARD SYMBOL SLGLF
Corporate Headquarters:
Suite 505 - 1111 West Georgia Street
Vancouver, British Columbia
Canada
V6E 4M3
800-665-4646 or 604-689-1535
President, CEO, Chairman of the Board of Directors
Garry L. Anselmo, B.A.
SEC FILINGS
Some Basic Facts - as of August 31, 2002 (end of third quarter)
Shares outstanding (common) - 94,001,635
As of October 8, 2003 136,947,082 shares are outstanding (150,907,734 after registered warrants are exercised and the stock dumped into the market (or held as if that is a likely scenario))
Total Assets - $4,842,010
As of August 31, 2003 $9,641,764 (INCREASE DUE TO MONEY SPENT MINING THE NOLAN MINE)
Total Liabilities - $3,22,9150 (incl Debentures and Capital Lease Obligations)
As of August 31, 2003 - $2,210,652
Revenues for 9 months - $74.337 (previous year $1,782)
As of August 31, 2003 - $4,192 plus $73,095 (in gold which is not revenue but reduces capital expenses of mine)
Total Expenses for 9 months - $2,378,344
Accumulated deficit - $54,978,247 (the amount of the shareholder's money Anselmo has spent or paid to himself and his cronies through Tri-Con so far without ever delivering a profitable year in the entire 30 years he has been in business that we know of)
Stock price upon release of Worldnetdaily.com article $.58
Stock bid price upon release of the complaint $.141
NOTE: 15 October 2003 - Silverado and Anselmo just filed their Form 10Q with the initial results of the Nolan Mining project. We have not reviewed the results for accuracy but the documents as written once again convinced us that Garry Anselmo with his Silverado Gold is executing the biggest rape of the shareholders and the investing public that we have seen in many a year based simply upon what he is actually disclosing in his filings.
Silverado processed 40,000 cubic yards of "ore" and produced a total of 362.53 oz of gold. This represents .009 oz of gold per yard. Let us now show you how this confirms the lies Garry Anselmo has been telling.
In October 2002 Anselmo claimed that they would have mining costs of $108 per ounce. This was based upon his estimate of the Nolan mine yielding a total of .319 ounces of gold per BCY (bank cubic yard). Well, if we are generous and add another 38 ounces in the 2 tons of concentrate yet to be processed that is a total of 400 ounces from a total of 32,000 BCY (40,000 LCY / 1.25) or .0125 ounces or gold per BCY compared to his projections of .319 ounces per BCY. This represents 3.9% of projections.
3.9% of projected yield
IN OUR COMPLAINT TO THE SEC, WE SHOWED HOW EDWARD ARMSTRONG, THE GEOLOGIST WITH THE UNDISCLOSED CONFLICT OF INTEREST, CAME UP WITH THE ASSAY REPORTS ON NOLAN AS A PAID EMPLOYEE OF TRI-CON (THE COMPANY ANSELMO AND ARMSTRONG OWN TOGETHER THAT HAS BEEN GUTTING SILVERADO OF ALL IT'S CASH FOR YEARS) AND HOW HIS RESERVE STUDIES INDICATED MORE LIKE .139 PER "BCY" AND NOT THE .319 GARRY USED FOR HIS BOGUS PER OUNCE COST FIGURES. NOW IT TURNS OUT IT WASN'T .319 OR .139 BUT RATHER .0125 OUNCES OF GOLD PER BCY. THAT IS LESS THAN 10% OF WHAT ARMSTRONG INDICATED. WHAT A TOTAL SCREWING THE SHAREHOLDERS ARE GETTING! WE WERE RIGHT IN OUR COMPLAINT AND THIS PROVES IT BEYOND QUESTION.
Did Anselmo lie? Better yet, is he capable of telling the truth and does he even know the difference any more?
BASED UPON ACTUAL PRODUCTION AND THE ENGINEER'S ESTIMATES OF MINING COSTS PER BCY AT THE NOLAN MINE, AT CURRENT YIELDS, MINING COSTS WILL APPROACH $2769 (US) PER OUNCE OF GOLD RECOVERED.
Let's look back a year ago and look at another blatant lie Garry Anselmo told the market. We said it was a lie then, Garry has just proved it was a lie now. This is from our complaint. Paragraph 31a. On August 21, 2002 Silverado published a statement claming that “it now has sufficient funds to capitalize the Nolan gold mine for year round production. Gold sales for the year are projected at approximately $7,500,000 and as the funds have been raised on an equity basis, all sales are net dollars to Silverado.”
The total amount of gold sold by Silverado since that statement over a year ago has been $74,337. That is less than 1% of what Anselmo projected. Now if Anselmo was off by 10% or 20% or even 30% we could chalk this up to inept, incompetent or negligent management. However if your projections are off by more than 99% so your results don't even come up to 1% of what you project, there is only one conclusion that we feel can be made. The person making that projections is a liar and should be stopped.
As a side note, Anselmo also lied by saying he had all the money he needed. Since then he has diluted his shareholders by issuing another 60% of the total outstanding at that time in order to support the mining and his outrageous lifestyle. (ie: Opulent offices, gorgeous home, new Corvette, luxury living at every turn).
Facts are facts and the single most obvious fact in evidence in the case of Silverado Gold Mines, Inc. is that Garry Anselmo is a liar and has used these lies to live the life of a rich man at the expense of the shareholders while giving absolutely nothing back for the past 30 years.
Now Anselmo tells the market that he wants another $5+ million so he can keep the party going. Here is how he puts it "We plan to spend approximately $5,300,000 over the next twelve months in carrying our underground and surface mining plans for the Nolan Gold Project" But how does he plan to do it. Well, he just filed a registration statement that tells us and you everything you need to know. He has been selling stock at $.10 per share and throwing in a warrant to buy another at $.20 (less if they don't get the shares registered so they can start dumping within 6 months). Now he is registering these shares (all 23 million of them) for his friends so they can dump them back into the market as they have so many times before. Of course, all but about $440,000 of that was spent already by the end of August and Garry needs to spend about $200,000 per month to keep this game afloat. (of course almost $93,000 per month it turns out is in fees to Tri-Con that are over and above expenses.
The Selling Shareholders: The selling shareholders are existing shareholders of Silverado who purchased common shares and share purchase warrants from us in August and September 2003 in private placement transactions. The share purchase warrants entitle the selling shareholders to purchase additional common shares from us. The issue of the shares and share purchase warrants by us to the selling shares was exempt from the registration requirements of the Securities Act.
Common Shares Offered by the Selling Shareholders: 23,500,000 common shares, including 11,750,000 common shares currently held by the selling shareholders and 11,750,000 common shares issuable upon exercise of share purchase warrants held by the selling shareholders.
Common Shares Outstanding Before and After the Offering: We currently have 136,947,082 common shares that are issued and outstanding as of October 7, 2003. This number of outstanding common shares does not include the 11,750,000 common shares that may be issued to the selling shareholders in the event of exercise of the share purchase warrants held by the selling shareholders.
Use of Proceeds: We will not receive any proceeds from this offering.
Registration Rights: We have agreed to register the 11,750,000 common shares held by the selling shareholders and the 11,750,000 common shares that may be issued to the selling shareholder in the event of the exercise of the share purchase warrants held by the selling shareholders
As of a year ago, on September 30, 2002 there were 94,001,635 shares outstanding (up from 39,763,988
the year before). Now the total has grown by over 60% to 150,907,734 shares. It got this high by selling shares for $.10 apiece at what amounts to a half off sale and throwing in a warrant that he is registering that can buy another share for between $.15 and $.20 if the warrant holder wants to. Of course this will only occur when they initiate the pump and are able to drive the price above the exercise price. If they will be successful is entirely another question indeed. That is what we call MORE FREE MONEY for members of the "Friends of Garry Anselmo Club".
In addition, of course, Garry, through Tri-Con has managed to suck another $836,784 out of Silverado above the actual costs presented to Silverado in the last nine months alone. Of course, one mustn't forget the fact that "costs" includes another 25% tacked on to what Garry claims are the "actual costs" so God only knows how much he really bled the company for but we consider the $836,784 to be a bench mark from which to build that figure. We simply don't have the time or inclination to figure it out. What good would it do anyway? Forrest Gump said "Stupid is as stupid does" and those who will continue to believe this con man will not change their minds simply because of another number.
IN SHORT, GARRY ANSELMO IS DOING THE EXACT SAME THING HE HAS DONE FOR ALMOST 30 YEARS NOW. HE IS GIVING AWAY THE SHAREHOLDER'S COMPANY AT A FRACTION OF THE MARKET PRICE TO HIS FRIENDS, PROMISING THE MOON AND DELIVERING ALMOST NOTHING. AND ALL THE WHILE GARRY IS LIVING LARGE... VERY LARGE AT THE EXPENSE OF THE SHAREHOLDERS. OUR COMPLAINT POINTED THESE THINGS OUT AND RECENT EVENTS ARE PROVING WE WERE CORRECT IN EVERY RESPECT.
READ THE SB2 AND READ THE 10Q. SEE WHAT HE IS DOING TO HIS SHAREHOLDERS. BECOME INFORMED THEN DECIDE WHAT IS BEST FOR YOU.
NOTE: 8 August 2003: While everyone waits to see just what this summer's financial results will be, Garry Anselmo isn't suffering any. He has been seen driving around Vancouver in his brand new Corvette. He continues to spare no expense in providing himself with the kind of lavish lifestyle he wants while displaying a complete disregard for the little investors who have put their hard earned money into this company based upon his lies. When it comes to sinful abundance we are reminded of the pictures and discussions of Saddam Hussein's opulent luxury at the expense of the Iraqi people. Living off the trust of the public as president of a public company is a great way to go, especially if you don't care about the shareholders isn't it Garry?
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aqui facultada deverá ser entendida como conselho ou recomendação
de qualquer tipo de transacção ou investimento.
