Hi all. I've been lurking here all along...also saw the television show that brought them out. Any comments on the following news releases would be great. I think CULE has an excellent business plan and more than likely, this stock will go through the roof like most of the other internet stocks. I am, however, a little suspicious of the whole transaction that took place between Minos Novas Gold Mining Corporation and Cool Ent. Why would this company all of the sudden go from gold, expand to natural gas, and then to the internet(money of course but still strange)? It also says that they terminated all of their prior contracts, business dealings, etc....bad credit..bad business..bad reputation. I am more than likely going buy in soon but just curious as to what others think. In any event, there is definitely some money to be made here <imo>. I lost my butt on VLNT(another penny stock that went bust because of corrupt management) so I am investigating a little this time. Thanks in advance and I will post the couple of releases that I found on MGND. Also, check-out this out: First release says a Nevada corporation, last one says a Colorado corporation--did they move or what? Weird.
Tobin
1:
News article received, Friday, September 25, 1998 8:12:39 PM EST
Minas Announces Expansion From Mining to Natural Gas and Changes to its Board of Directors
ALBUQUERQUE, N.M. (Sept. 25) BUSINESS WIRE -Sept. 25, 1998--Minas Novas Gold Corp. ("Minas"), a Nevada corporation, today announced changes to its Board of Directors and that it will attempt to expand its present business in mining to US based natural gas exploration and production.
Minas is pleased to announce the election of Leroy Halterman of Albuquerque, New Mexico and Armando Garcia of Albuquerque, New Mexico to its Board of Directors. Halterman will be president of the company.
The professional backgrounds of the two new directors are as follows. Halterman is a Certified and Registered Professional Geologist with over 30 years of experience in oil, gas and precious metals exploration and development. In the past, he has held the position of president and vice president for several publicly traded companies and several private companies. Garcia is a private businessman with 25 years of business experience. Over the past ten years he has served as an officer and board member for three natural resources companies. He has also followed a course of private oil and gas investments over the last ten years. The addition of Halterman and Garcia will be a major benefit to Minas in the acceleration of its participation in the natural resource sector.
"The company's move into natural gas is designed to stimulate positive cash flow for the development and expansion of its mining business and the potential for the payment of dividends at some point in time," said Halterman, president of Minas.
In addition to the above changes, Minas announced that its new headquarters will be Albuquerque, New Mexico.
The Company has accepted the resignation of previous president Reg Handford.
This press release may contain forward-looking statements made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including, without limitation, continued acceptance of the Company's products, subscriber growth, product demand, competition, and other risks and uncertainties detailed from time to time in the Company's periodic reports.
2.
News article received, Monday, December 14, 1998 8:13:39 PM EST
Minas Announces Negotiations to Acquire Natural Gas Property
ALBUQUERQUE, N.M. (Dec. 14) BUSINESS WIRE -Dec. 14, 1998--Minas Novas Gold Corp. (OTC BB:MNGD), a Nevada corporation, today announced that it has entered into negotiations to acquire natural gas prospects in Texas and Kansas.
The possible acquisition will move the Company into the natural gas sector as part of its diversification program as previously announced. Details will be disclosed once the agreement has been signed.
This press release may contain forward-looking statements made pursuant to the "safe harbour" provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including, without limitation, continued acceptance of the Company's products, subscriber growth, product demand, competition, and other risks and uncertainties detailed from time to time in the Company's periodic reports.
3.
News article received, Tuesday, February 02, 1999 8:14:02 PM EST
Minas Announces Negotiations to Acquire Cool Entertainment, Inc.
ALBUQUERQUE, N.M. (Feb. 2) BUSINESS WIRE -Feb. 2, 1999--Minas Novas Gold Corp. (OTC BB:MNGD), a Colorado corporation, is pleased to announce that it has tentative plans to acquire Cool Entertainment, Inc. of Seattle, Washington, which is engaged in retail over the Internet.
While the definitive agreement will be signed after all due diligence investigation has been completed, it is anticipated that the acquisition will be accomplished through an exchange of shares between Minas Novas and the shareholders of Cool Entertainment. It is also expected that present officers and directors will be replaced with principals of Cool Entertainment and that Minas Novas will change its name.
The Board of Directors of Minas Novas determined to discontinue its efforts in the mining business due to low commodity prices and the lack of financial commitments. All existing contracts and commitments will be cancelled. |
