Appears TUFF's only revenue is from selling shares
Post# of 3
Appears TUFF's only revenue is from selling shares and who ever bought these took a beating unless they dumped them ASAP.
On February 9, 2012, the Company closed a private placement of 6,666,666 units at $.015 per share for a total offering price of $100,000. The units were offered by the Company pursuant to an exemption from registration pursuant to Regulation S under the Securities Act of 1933, as amended. The private placement was fully subscribed by a non-U.S. corporation.
Their 10Qs are useless, never saw a QB company with a 10Q that is 3 pages!
From their 10K - the only information available. They don't even own any mining claims but are collecting debt at a very rapid rate.
As of September 30, 2011, the Company has paid $69,261 in option payments and $667,577 in exploration expenditures. The Company is required to complete $500,000 in exploration expenditures on or before March 12, 2012, an excess of $167,577 in exploration expenditures. The Company is in good standing pursuant to the terms of the Agreement.
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