Dear Tommy,
Specifically,
what is the problem?
It's the management, there isn't any.
Look up a company called Maymac the symbol is MMA on the VSE. I heard some of the people behind Maymac(SCAM)are the same people behind/backing GTH and in my book that's a NO NO.
Some news on Maymac:(
Maymac Petroleum Corp -
Van Sun says insiders an interesting lot
Maymac Petroleum
Corp
MMA
Shares issued
16698922
1997-01-24 close $0.36
Monday Jan 27 1997
The Vancouver Sun reports in its Saturday
edition that the Vancouver Stock Exchange
continued its cat-and-mouse game with
Maymac Petroleum, halting it Friday for the
third time in the last two weeks to determine
why it is trading such heavy volume. Reporter
David Baines says that despite being halted at
8:19 Friday morning, Maymac traded 5.5
million shares, more than any other company
on the exchange. For the week, Maymac
traded 13.2 million shares, second highest on
the exchange, after leading the market the
previous week at 13.9 million shares.
Maymac's president is Richard Pearson, who
was acquitted in 1988 of manipulating the
shares of Alberta Stock Exchange-listed
Orrwell Energy. Also acquitted was his
long-time associate Gordon Awde. In August
1996, Mr Awde pleaded guilty to theft by
converting for his own use a share certificate
which belonged to a third party. Proceeds of
the sale totalled more than $100,000. During
the trial, defence lawyer Leonard Doust
described his client Mr Awde as Maymac's
controlling shareholder. Another Maymac
director is Barry Whelan, who served as
consulting geologist for Dessir Resources in
1991 when he tacitly endorsed a geological
report based on salted drill cores. He was
formally reprimanded by his professional
association.
(c) Copyright 1997 Canjex Publishing Ltd.
canada-stockwatch.com
In the article it mentions a Gordon Awde. Take a look at one of the insiders from this report from Stock-Watch.It mentions a Nicolas Awde,any relationship....hmmmmmmmm,I think so.
Canada Stockwatch
Shortcuts Menu Symbols Bulletins Company Participant Insiders AccountStatus
NewWindow
Company: GOLDEN THUNDER
RESOURCES LTD.
Explanation of Codes
Insider: AWDE, NICHOLAS
Reln
Owner
Class
Date
Nature
Acquired
Nature
Disposed
Price
Balance
Reported
3
0
CM
05-Sep-96
11
275,000
0
0
$0.38
275,000
18-Oct-96
3
0
WT
05-Sep-96
65
275,000
0
0
$0.00
275,000
18-Oct-96
3
0
CM
22-Aug-97
0
0
10
500
$0.50
274,500
19-Sep-97
3
0
CM
22-Aug-97
0
0
10
25
$0.48
274,475
19-Sep-97
3
0
CM
22-Aug-97
0
0
10
2,500
$0.52
271,975
19-Sep-97
3
0
CM
22-Aug-97
0
0
10
42,000
$0.50
229,975
19-Sep-97
3
0
CM
22-Aug-97
0
0
10
7,500
$0.51
222,475
19-Sep-97
3
0
CM
29-Aug-97
0
0
10
3,000
$0.66
219,475
19-Sep-97
Insider: AWDE, NICOLAS
Reln
Owner
Class
Date
Nature
Acquired
Nature
Disposed
Price
Balance
Reported
3
0
CM
22-Sep-97
0
0
10
3,000
$0.56
216,475
17-Oct-97
Insider: BERRANGER, NANCY
Reln
Owner
Class
Date
Nature
Acquired
Nature
Disposed
Price
Balance
Reported
3
0
CM
05-Sep-96
11
275,000
0
0
$0.38
275,000
18-Oct-96
3
0
WT
05-Sep-96
65
275,000
0
0
$0.00
275,000
18-Oct-96
Insider: DEARDEN, MICHAEL
Reln
Owner
Class
Date
Nature
Acquired
Nature
Disposed
Price
Balance
Reported
45
0
CM
10-Sep-97
10
3,500
0
0
$0.64
3,500
17-Oct-97
45
0
CM
10-Sep-97
10
5,000
0
0
$0.65
8,500
17-Oct-97
45
0
CM
30-Sep-97
0
0
10
2,000
$0.47
6,500
17-Oct-97
45
0
CM
30-Sep-97
0
0
10
6,500
$0.46
0
17-Oct-97
Insider: DEVLIN JENSEN, BARRISTERS
& SO
Reln
Owner
Class
Date
Nature
Acquired
Nature
Disposed
Price
Balance
Reported
3
0
CM
06-Oct-97
97
376,505
0
0
$0.33
376,505
17-Oct-97
3
0
CM
02-Nov-97
0
0
20
376,505
$0.16
0
21-Nov-97
Insider: SILAS, RICHARD
Reln
Owner
Class
Date
Nature
Acquired
Nature
Disposed
Price
Balance
Reported
4
0
CM
10-Oct-97
1
Maymac Petroleum Corp -
Comment on rumors at the request of the
VSE
Maymac Petroleum
Corp
MMA
Shares issued
16698922
1997-01-24 close $0.36
Thursday Jan 30 1997
Mr Richard Pearson reports
The VSE has requested that the company
comment on rumors circulating in the
investment community concerning the
company, as well its recent trading activity. In
regards to same, there are no financings,
reverse takeovers, new acquisitions or
dispositions contemplated by the company at
this time.
As also requested by the VSE, there has been
no significant trading in the shares of the
company by any directors of the company,
other than Richard Pearson, who has advised
the company that since January 1 1997, he has
bought 300,000 shares and sold 727,500
shares of the company. At the further request
of the VSE, the company has attached details
of Mr Pearson's trades since January 1 1997.
To clarify the company's current status. The
lawsuit against Mr Michel David continues.
The lawsuit stems from an agreement dated
January 14 1995, concerning the Crescent
Valley placer project. Discovery of Mr David
is scheduled to be held in Vancouver on
February 5 1997. Negotiations for an equity
financing with Canaccord Capital Corp have
ceased effective January 27 1997. The
company's search for additional properties in
South America is continuing. Representatives
for the company have looked at a small alluvial
gold/diamond operation, as well as several
dredging operations, during a recent trip to
Venezuela. The company intends to continue
to review other potential acquisitions in South
America. Work on the Macarena and Bonanza
Imperial properties in Ecuador will begin, if
and when a financing has been completed.
Information packages regarding the lawsuit
against Mr David or the Ecuador properties
can be found on the company's web site. There
are no other material changes in the company's
affairs.
Mr Pearson's Trades
Date Sold Price Bought Price
--------- ------- ----- ------- -----
Jan 24/97 10,000 $0.51
Jan 24/97 10,000 0.42
Jan 24/97 22,000 0.54
Jan 24/97 33,000 0.55
Jan 24/97 25,000 0.59
Jan 24/97** 200,000 0.20
Jan 24/97* 300,000 $0.20
Jan 10/97 13,000 0.49
Jan 09/97 25,000 0.45
Jan 09/97 25,000 0.50
Jan 08/97 10,000 0.34
Jan 08/97 15,000 0.36
Jan 08/97 12,000 0.43
Jan 08/97 13,000 0.42
Jan 08/97 25,000 0.45
Jan 07/97 50,000 0.25
Jan 07/97 50,000 0.26
Jan 06/97 35,000 0.25
Jan 06/97 14,500 0.19
Jan 03/97 75,000 0.16
Jan 03/97 15,000 0.15
Jan 03/97 50,000 0.16
*
The purchase of 300,000 shares at $0.20
was a private transaction.
**
The sale of 200,000 shares at $0.20 was a
private transaction.
(c) Copyright 1997 Canjex Publishing Ltd.
canada-stockwatch.co
That's all for now.
GOLDIGER. |
