$PSGR The 2016 Audit paperwork leaves me with little excitement.....actually with NO excitement. Presuming that I read the document and INTERPRETED the words correctly, investors will have to wait until sometime during the later months of 2018 BEFORE anything will be done to initiate actual mining. In other words, getting the required SEC approvals, getting the Fed/State/Local approvals for mining work to begin, and MOST MPORTANTLY getting the money together to finance the hiring of REAL mining workers AND buying REAL mining equipment.
One can only ASSUME that the hiring process and the equipment purchase process AND the mine START-UP will push any honest-to- goodness ore processing and precious metals recovery to NO EARLIER than 2019 (again, ASSUMING that there ARE any precious metals in sufficient amounts to be worth while). How convenient! Another forecast (last year 2018 was THE YEAR) to provide the opportunity to sell more stock over a longer period.
LOOKS and SOUNDS like the 'promise' of BIG THINGS happening at the end of the first quarter was pure and unadulterated BS. Share holders can now expect that SOMETHING may or may not occur in 2019 IF everything goes as planned.....ONLY, NO ONE OUTSIDE OF A FEW CORPORATE EXECUTIVES KNOWS WHAT THE PLAN IS!!! I can SPECULATE OR INFER that THE PLAN is to continue to raise money by PSGR SHARES SALES until enough money is raised to keep the company going AND PAY ITS EXECUTIVES (with the issuance of common shares for future sale, of course).
Let's see...IF each Executive were to receive 40,000 shares each quarter with a share value of $0.014 and later sell each share (shortly after a VERY POSITIVE Press Release) for, let's say $0.08/share...then the Executive could pocket $3,200.00 each quarter for doing absolutely NOTHING of value to the share holders. NOT a great income of course, but $12,800/year is NOT BAD for having one's name on a company's website. Of course, I am assuming that each Executive receives ONLY 40,000 shares/Quarter and that the value remains LOW after the POSITIVE Press Release...and the Executive QUICKLY dumps the shares because the Executive knows that nothing will come of the 'POSITIVE' information provided in the Press Release.
One could almost think that there is something VERY peculiar about this company! But...dang!!!!..it HAS been in existence for OVER 2 decades with a few name changes and fines, of course.
So...this guy walks into a bar and says "Didya hear about the great opportunities for profit by buying stock in this company?" The Bartender says " Sounds like a bunch of BS to me!' The guy says "So...you've heard this one before??"
I am 100% POSITIVE that I will have to purchase some VERY high-top boots for the coming Press Releases. Also rolls and rolls of TP, gallons of bleach, gloves, face masks, a respirator, as well as a full body suit to protect me from the toxic fumes of future Press Release(s) .
One can only ASSUME that the hiring process and the equipment purchase process AND the mine START-UP will push any honest-to- goodness ore processing and precious metals recovery to NO EARLIER than 2019 (again, ASSUMING that there ARE any precious metals in sufficient amounts to be worth while). How convenient! Another forecast (last year 2018 was THE YEAR) to provide the opportunity to sell more stock over a longer period.
LOOKS and SOUNDS like the 'promise' of BIG THINGS happening at the end of the first quarter was pure and unadulterated BS. Share holders can now expect that SOMETHING may or may not occur in 2019 IF everything goes as planned.....ONLY, NO ONE OUTSIDE OF A FEW CORPORATE EXECUTIVES KNOWS WHAT THE PLAN IS!!! I can SPECULATE OR INFER that THE PLAN is to continue to raise money by PSGR SHARES SALES until enough money is raised to keep the company going AND PAY ITS EXECUTIVES (with the issuance of common shares for future sale, of course).
Let's see...IF each Executive were to receive 40,000 shares each quarter with a share value of $0.014 and later sell each share (shortly after a VERY POSITIVE Press Release) for, let's say $0.08/share...then the Executive could pocket $3,200.00 each quarter for doing absolutely NOTHING of value to the share holders. NOT a great income of course, but $12,800/year is NOT BAD for having one's name on a company's website. Of course, I am assuming that each Executive receives ONLY 40,000 shares/Quarter and that the value remains LOW after the POSITIVE Press Release...and the Executive QUICKLY dumps the shares because the Executive knows that nothing will come of the 'POSITIVE' information provided in the Press Release.
One could almost think that there is something VERY peculiar about this company! But...dang!!!!..it HAS been in existence for OVER 2 decades with a few name changes and fines, of course.
So...this guy walks into a bar and says "Didya hear about the great opportunities for profit by buying stock in this company?" The Bartender says " Sounds like a bunch of BS to me!' The guy says "So...you've heard this one before??"
I am 100% POSITIVE that I will have to purchase some VERY high-top boots for the coming Press Releases. Also rolls and rolls of TP, gallons of bleach, gloves, face masks, a respirator, as well as a full body suit to protect me from the toxic fumes of future Press Release(s) .
