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Microcap & Penny Stocks : GGNC - GIC/Global Intertainment Corporation -- Ignore unavailable to you. Want to Upgrade?

To: Fuza who wrote (1579)	1/3/1999 7:35:00 PM
From: John Sladek	Read Replies (1) \| Respond to of 2585

To Everyone, Although I was rather busy at the end of 1998, I had a bit of time over the holidays, so I thought that I would have a look at trying to verify some of the information that GGNC has published. Since there are no EDGAR filings, I concentrated on the information that was verifiable through other independent third party sources. In particular, I focused on the information presented in the executive summary on the GGNC web site at ggncwins.com I think that there are some mistakes (i.e.,factually incorrect statements) on the GGNC web page which as discussed below. From the GGNC web page: Mr. Frank Lang President of Valerie Gold Resources Ltd., Emperor Gold Corp., Sultan Minerals Inc., Cream Minerals Ltd. All of these companies are successful publicly trading companies listed on the Vancouver Stock Exchange. Valerie Gold with the discovery of one of the largest reserves this year, was one of the prime movers in the Vancouver Stock Exchange in 1996. Their stock has gone up from $1.50 to a high of $28.90 this year. Mr. Frank Lang has over thirty years of management experiences with publicly trading companies. Information on Mr. Lang's companies can be accessed via the Lang Mining Group web page at: langmining.com as well as through various business news sources, and sedar.com 1. Emperor Gold Corp is not a publicly traded company listed on the VSE as stated on the GGNC web page. However, Emperor Gold (US) Corp is listed a subsidiary of Emgold. Emgold does trade on the VSE under they symbol EMR [see langmining.com ] EMR traded as high as $7.60 in 1996, and now trades around $0.25. It also did a 1:5 split in 1992 [Chart: canada.bigcharts.com ] 2. Valerie Gold Resources Ltd. trades on the VSE under the symbol VLG. The information on Valerie Gold that appears on the GGNC web page is out-of-date. The stock did not trade at at a high of "$28.90 this year" as stated, it did trade this high in 1996. It now trades around $0.80. [Chart: canada.bigcharts.com ]. FYI, here's some additional information on the other two companies mentioned: - Sultan Minerals is a VSE listed company as stated - it trades under the symbol SUL [http://www.langmining.com/Pages/SULTAN%20Main%20Page.html#Top ]. It traded as high as about $3.70 in 1996, but now trades around $0.12. It did a 1:4 split in 1992. [Chart: canada.bigcharts.com ] - Cream Minerals is a VSE listed company as stated - it trades under the symbol CMA. Incorporated in 1966, this stock traded as high as $150 in 1987, did a 1:50 split, and now trades at around $0.62. [Chart: canada.bigcharts.com ]. Given that these companies are junior exploration companies - I'm not sure that successful is the word that I would use to describe them - I think that prospective would be a better term. If you want to find out more about these companies, check out their SEDAR filings at sedar.com - these are all reporting companies. Mr. Anthony T. Kana V.P. Finance & Chief Financial Officer of Priceton Mining Corp., Cassiar Mining Corp., and Triton Mining Corp. All of these companies are publicly trading companies listed on the Toronto Stock Exchange. Mr. Kana has over 30 years TSE public companies management experiences. The page does not give information as to the periods of time when Mr. Kana served in these capacities at the companies listed. 1. I could not find any TSE-traded company called "Priceton Mining Corp". There was a TSE-traded company called "Princeton Mining Corp" (symbol PMC). PMC merged its mining properties with Imperial Metals Corporation in Q2 1998, and now trades as Madison Pacific Properties Inc which owns some real estate in the Vancouver area. MPC traded on the CDN as MPPR.B for a bit, but now trades on the TSE as MPC. FYI, here's the chart for Princeton: canada.bigcharts.com 2. Triton is not a TSE traded company. It was a TSE traded company, but was taken over by Black Hawk (one of Ned Goodman's Companies) earlier in 1998. bhkmining.com Here's the chart for Triton: canada.bigcharts.com Looking at the prospectus filed on SEDAR [www.sedar.com ] in 4-Apr-1998 reveals that a Mr. Richard Godfrey was VP of Finance and CFO of Triton between 1995 and 1997 so Mr. Kana's involvement with Triton must predate this. 3. Cassiar Mining - There are no filings on Cassiar Mining available at SEDAR, and I couldn't find it on my usual TSE quote servers, so I don't think that it could be trading on the TSE anymore. Cassiar Mining ran an asbestos mine in Cassiar in the province of British Columbia, but apparently fell on some hard times when the asbestos business went down the tubes due to health concerns regarding asbestos. It seems that Cassiar was party to product liability lawsuits itself [http://mslawyer.datasync.com/mssc/ctapp/960409/93-1395.html and california.findlaw.com ]. Cassiar received loans from the B.C. provincial government in 1988 and 1991, but in 1992, the government declined to extend additional loans [see legis.gov.bc.ca ] Apparently Cassiar went into receivership at some time, since there was a court case in the B.C. Supreme Court (Cassiar was not a party to the suit) which involved the payment of recevier fees related to Cassiar [http://www.courts.gov.bc.ca/jdb-txt/ca/97/01/c97-0151.txt ]. I think that possibly Minroc now owns the old asbestos mine in Cassiar BC. Check out Alta Vista [ altavista.com ] to find out more about Cassiar. Based on my research (can check it out for yourself), there are several mistakes in the executive information on the GGNC home page, namely: 1) Emperor Gold Corp is not a VSE-listed company 2) The information on Valerie Gold corp which GGNC says relates to "this year", probably should be for 1996. 3) Priceton mining probably should be Princeton Mining. If this is the case, it is no-longer a TSE-listed company - it is now part of Imperial Metals. 4) Triton is no-longer a TSE-listed company it is now part of Black Hawk mining. 5) Cassiar mining does not appear to be a TSE-listed company. Maybe their web master should go through those pages and bring them up-to-date and to correct basic factual misstatements. This is just sloppiness on the part of GGNC to allow factual errors such as these to appear on their web pages (it also makes me wonder if there's any mistakes in the information that I can't verify independently). Regards, John Sladek