PSGR...is Pershing Resources turning a blind eye to the share value? MY OPINION.........The dramatic drop in PSGR share price makes one wonder what corporate Pershing Resources is doing. Admittedly, only they hold the answers but the shareholder does possess some information. The share price has tumbled from $0.15/share to the current (approx.) $0.02/share. Pershing Resources has previously issued a Press Release that provided a period of time for the testing of a 'sonification' extraction technology. Pershing Resources has claims/mines in three locations in two states. Pershing Resources acquired a company with some mining equipment and at least one person with some mining expertise. The Marcos Claims (minesite) in Nevada has had several assays conducted over the years to determine precious metal ore identification, quantity and quality. Investors have waited many years for Pershing Resources to produce a continuously viable/profitable product. INVESTOR Return on Investment has remained at ZERO Dollars. An investor can understand that the TIME ELEMENT/PERIOD for a mine to be financed, purchase equipment, start up and become productive is not cast in stone. An investor can also understand that over a very extended period of time, the sale/purchase of shares is favorably directed to the corporation and less so to the investor. As of mid-September 2015, the investor has seen the investment in PSGR stock go south....to the point of CRASHING south. The corporate office suffers little if any impact from the rapid decline in share price. A LACK of CURRENT AND ACCURATE INFORMATION with respect to the status of Pershing Resources may have significantly contributed to the share price decline. In my opinion, Pershing Resources has ignored the investor because, as a corporation with few actual expenses (see financial report), its few personnel can withstand an extremely low share price and continue to NOT provide timely information because they have nothing to lose. Pershing Resources will still have the claims/mines and the equipment and, assuming that the claims/minesites ever become productive, Pershing Resource personnel will be able to purchase shares at a very low price. The current share price status favors the corporation NOT the investor. PATIENCE...8 Days and Counting.
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