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Posted On: 05/03/2018 10:41:00 AM
Post# of 1521
$PSGR A little irony. Pershing Resources stated that it would issue a Press Release on or about APRIL 30. For those investors who have followed Pershing Resources Press Releases, think about the BLACKRIDGE INVESTMENT press release.
IF the alleged 'soon to be issued' Press Release is positive and documents LARGE and PROFITABLE amounts of GOLD ORE that can and will be mined without difficulty, than Pershing Resources has pretty much given away 100 Million Shares of Common Stock at $0.01/share to Blackridge. Remember that the agreement was Blackridge could purchase shares at the LOWEST SHARE PRICE for a set period of time. Pershing Resources has noted that all the necessary paperwork would SOON be completed. Among the paperwork was the Blackridge requirement for the SEC filing. One can only hope that IF there is a large Gold Ore Body at the New Enterprise Mine, Pershing Resources has legally stopped any and all agreements with Blackridge /OR/ adjusted the agreements to prevent giving away the company's common shares at $.01/share.
Assuming that the next Press Release will provide DOCUMENTED EVIDENCE of a large Gold Ore Body at the New Enterprise Mine, Pershing Resources may have finally succeeded in its quest for a profitable mining operation ONLY TO GIVE ALMOST EVERYTHING AWAY to an investment company. By tying the hands of Pershing Resources and requiring Pershing Resources to get all of the SEC, etc. approvals, Blackridge may now have gotten exactly what it wanted at about 1/7th the share cost had Pershing Resources got off its butt and completed the paperwork about TWO YEARS ago. ALL the above is speculation, of course. Outside or Corporate Pershing Resources, no one knows what, if anything, is the current status/agreement between Pershing Resource and Blackridge Investments.
IF the alleged 'soon to be issued' Press Release is positive and documents LARGE and PROFITABLE amounts of GOLD ORE that can and will be mined without difficulty, than Pershing Resources has pretty much given away 100 Million Shares of Common Stock at $0.01/share to Blackridge. Remember that the agreement was Blackridge could purchase shares at the LOWEST SHARE PRICE for a set period of time. Pershing Resources has noted that all the necessary paperwork would SOON be completed. Among the paperwork was the Blackridge requirement for the SEC filing. One can only hope that IF there is a large Gold Ore Body at the New Enterprise Mine, Pershing Resources has legally stopped any and all agreements with Blackridge /OR/ adjusted the agreements to prevent giving away the company's common shares at $.01/share.
Assuming that the next Press Release will provide DOCUMENTED EVIDENCE of a large Gold Ore Body at the New Enterprise Mine, Pershing Resources may have finally succeeded in its quest for a profitable mining operation ONLY TO GIVE ALMOST EVERYTHING AWAY to an investment company. By tying the hands of Pershing Resources and requiring Pershing Resources to get all of the SEC, etc. approvals, Blackridge may now have gotten exactly what it wanted at about 1/7th the share cost had Pershing Resources got off its butt and completed the paperwork about TWO YEARS ago. ALL the above is speculation, of course. Outside or Corporate Pershing Resources, no one knows what, if anything, is the current status/agreement between Pershing Resource and Blackridge Investments.
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