Sunday, September 29, 2013

Prophecy Coal for Idiots (PCY.t) - Redux

Flaming retards at PCY.t have changed focus from attempting to censor material in the public domain to chasing down the hienous type who outted their fukkin larceny.

"Prophecy Coal is a dynamic, international mining and energy firm focused on the development of a major new power plant and infrastructure project in Mongolia

Help us identify the source of recent information leak. Email us at leak@prophecycoal.com"
After a summary review of this dopeshow, it appears Waterton debt is being used to pay off the career scumbags. Case closed on this massive wicked PoS and if there is any consolation its the OSC we're dealing with here and that means this offense is very likely gonzo, soon.




__________________________________________________


Management dopes at Prophecy Coal are attempting to slam the barn door shut on the fact confidential info from the exchange was leaked online and is now public domain. That horsie is long, long gone and blowing stakeholder dough on lawyers make them ALL look like fully crooked basterds they VERY probably are.


VANCOUVER, BRITISH COLUMBIA--(Marketwired - Sep 25, 2013) - Prophecy Coal Corp. ("Prophecy") (PCY.TO)(PRPCF)(1P2.F) - The Company has learned that correspondence it received from the Toronto Stock Exchange has been improperly disclosed to the public. The Company is in the process of preparing a response to this correspondence. If any material information arises from this exchange of correspondence, the Company will disclose such information in a timely manner.


As part of this review, TSX requests that you supply the information itemized below within fifteen (15) business days from the date of this letter. TSX requests this information in connection with our fact gathering process and no inference of impropriety should be drawn from this inquiry.

1. Please describe in full detail the process the Board employed with respect to the nomination of Mr. Baz as a member of the board at the July 30, 2013 annual general meeting. Explain whether the Board considered the attendance record of Mr. Baz during the past year?

2. Explain and detail how the Company's Board believes it is appropriate for Mr. Baz not to attend Board meetings and be a member of the Board? Explain whether an annual performance assessment was completed with Mr. Baz? If one was completed, please explain the findings.

3. Provide a chronology of events regarding the change in role of Mr. Lee from Chief Executive Officer to Executive Chairman and Interim CEO. Specifically, what was the exact date of Mr. Lee’s change in role?

4. Explain why a termination fee of $525,000 was paid to Linx when Mr. Lee continues with the Company as Executive Chairman?

5. What are the Company’s role descriptions for Executive Chairman and CEO? How do these two roles differ within the Company? In your response, explain why the April 3, 2013 Annual Information Form indicates Mr. Lee is President, CEO, and Chairman from October 2009 to present and how this is different from his role as Executive Chairman.

6. Please advise and detail what actions the CGCC has taken to appoint a new CEO? Provide any supporting documentation including meeting minutes.

7. According to TSX records, a Reporting Form 3 is required for the appointment of Mr. Jeffrey Mason as CFO, Mr. Harald Batista as Director, Mr. Samir Devendra Patel as Corporate Secretary and the resignation of Mr. John Lee as CEO and appointment as Interim CEO. Please complete the required filing on SecureFile within five (5) days of this notification or advise when the Company has previously made the filing so that we can verify our records.

8. On April 19, 2013, TSX reminded the Company of Reporting Form 3 requirements. This is the second reminder TSX has issued the Company regarding Reporting Form 3 requirements. What procedures has the Company initiated to ensure going forward its Reporting Form 3 requirements are met? Please provide any documentation.

9. In accordance with section 11.3 of National Instrument 51-102 – Continuous Disclosure Obligations, please confirm the Company has or will be filing Report of Voting Results regarding the July 30, 2013 meeting.

10. Please confirm whether the Company has adopted a majority voting policy? If so, clarify the statements made in the MIC and the news release of August 1, 2013. If not, please advise TSX about the intended date(s) of adoption.

___________________________________________________

Dear Sir,
URGENT
Please remove below posts:
http://incakolanews.blogspot.ca/2013/09/the-prophecy-coal-pcyto-leak.html?utm_source=feedburner&utm_medium=email&utm_campaign=Feed:+IncaKolaNews+(inca+kola+news)
This post contains confidential information illegally obtained with a recent server breach at Prophecy Coal Corp.
Bekzod Kasimov
Business Development Manager, Prophecy Coal Corp.
+976 9901 XXXX
email: bekzod@prophecycoal.com

Saturday, September 28, 2013

Outrageous Stock Market Scammers

In 1982, when Barry Minkow was just 15 years old, he started a carpet-cleaning company, ZZZZ Best from his parents’ San Fernando Valley garage. He appeared on The Oprah Winfrey Show.

By the time he was 19, Minkow had launched his company on the stock market. And less than a year later, “the company was worth $280 million on the NASDAQ exchange and Minkow had his own Ferrari, BMW and mansion in Woodland Hills.” The problem was that Minkow financed ZZZZ Best illegally, using everything from check-kiting schemes to fraudulent credit card charges and dodgy loans from criminals. He even sank as low as stealing his grandmother’s jewelry.

However, Minkow’s Ponzi scheme was destined for failure, and in 1987 it fell apart. Minkow’s scheme is now studied as an example of accounting fraud. Minkow became a preacher when he got out of prison and he was soon back to his swindling ways. In 2011, members of his church accused him of scams, leading to an FBI investigation.
In 1992, when Dennis Kozlowski became Tyco International’s CEO, Tyco was considered a blue chip and financially sound company. Kozlowski began skimming millions of dollars off the top through $450 million of unapproved stock sales and $170 million of unauthorized loans. The money financed Kozlowki’s increasingly opulent lifestyle – including a $30 million apartment with $6,000 shower curtains.

In 2001, Kozlowski threw a $2 million birthday party for his wife, with Tyco picking up half the tab. Time reports that the party was “disguised as a shareholder meeting” and that it “took place on an Italian island and featured an ice sculpture of the Statue of David urinating Stolichnaya vodka.” The infamous party is now referred to as the “Tyco Roman Orgy.”

Details of Kozlowski’s scam started to emerge in early 2002, at which point Tyco’s shares plunged by almost 80 percent in six weeks. In September 2005, Kozlowski and other company executives were sentenced to 25 years in prison. Kozlowski was eventually granted work release after serving only seven years.
Anthony Elgindy worked in cahoots with a corrupt FBI agent named Jeffrey Royer. Elgindy used Royer’s inside information about companies under government investigation in order to short-sell stocks. Meanwhile, he also used his website, Anthonypacific.com, to smear companies suspected of fraud, purportedly to protect investors.

According to prosecutors, Elgindy went as far as using the site to blackmail the targets of the negative publicity he was spreading. At the same time, he was also making millions from his website, with subscribers paying as much as $600 a month to view his “expert” stock tips. Elgindy was charged in 2005. After four months in court, he was acquitted of most of the 32 charges he faced but was convicted of inside trading. Elgindy was sentenced to nine years in jail.
In the mid-1980s, Michael Milken, a.k.a. the “Junk Bond King,” was investment banking firm Drexel Burnham Lambert’s star financier. By 1986, he’d helped to make Drexel one of the most profitable firms on Wall Street. But insider trading brought the house down and left Drexel fighting bankruptcy.

In March 1989, Milken was charged with an astounding 98 counts of fraud and racketeering. According to The New York Times, his biggest mistake was providing the company of stock trader Ivan Boesky with huge sums of money. Boesky, says the NYT, “was betting on takeovers, many of which Drexel had put together.” In 1986, Boesky had been implicated in a bigger insider trading inquiry and pleaded guilty, and part of his deal with the Securities and Exchange Commission (SEC) was to roll over on Milken. With this new information on Milken, the SEC launched an investigation into Drexel. Milken played it smart and pleaded guilty to six lesser charges out of the 98. He was sentenced to 10 years in prison but was released a mere 22 months later. And although he paid a significant $600 million fine (including restitutions), his total net worth in 2010 was estimated to be around $2 billion.
In 1997, billionaire Sri Lankan-American businessman Raj Rajaratnam co-founded hedge fund management company Galleon Group. In October 2009, he was arrested and charged with leading a team of insider traders. US Attorney Preet Bharara estimates that the scam yielded more than $60 million. According to authorities, between 2006 and 2009, Rajaratnam made his money by trading illegal stocks, with the help of his network of contacts. The stocks themselves included those of companies such as Google, eBay, Hilton Worldwide and Goldman Sachs.

In May 2011, a jury found Rajaratman guilty of 14 counts of conspiracy and securities fraud. And in October the same year, he received a sentence of 11 years in prison. Rajaratman was also ordered to pay a $10 million fine and relinquish $53.8 million in assets. At the time, his was the longest jail term ever imposed for insider trading.
Andrew Fastow served as chief financial officer for disgraced Texas energy giant Enron from 1998 until 2001 – when the company imploded. He “is considered the mastermind behind the financial schemes that doomed the energy company.”

Fastow and other Enron executives wove a tangled web that involved shell companies and fictitious revenue reports designed to make the company’s earnings look far, far greater than they actually were. Enron’s auditor, leading accounting firm Arthur Andersen, also collapsed in the wake of the scandal after following orders from Enron chief auditor David Duncan to destroy thousands of documents. Previously, Arthur Andersen had been ranked as one of the world’s top five accounting firms.
Bernard Ebbers was once hailed as “the Telecom Cowboy” and considered a Wall Street darling for turning small, Mississippi-based long-distance telephone company WorldCom (now MCI Inc.) into what CBS News called “a global telecommunications power, swallowing up companies along the way.”

When the stock price fell in the early 2000s, Ebbers’ shares in the company were marked as collateral for over $400 million in personal loans. WorldCom chief financial officer Scott Sullivan, whom Ebbers claims masterminded the entire scam, pointed his finger at Ebbers. Sullivan testified that Ebbers told him to manipulate the books so as to “hit our numbers.” In 2005, with the help of Sullivan’s testimony, 63-year-old Ebbers was sentenced to 25 years in prison for coordinating the $11 billion fraud that left WorldCom in ruins. It was what CBS has described as “the biggest corporate fraud and bankruptcy in U.S. history.”
Ex-NASDAQ non-executive chairman Bernard Madoff masterminded an elaborate Ponzi scheme that defrauded investors out of an estimated $65 billion. It is considered the largest financial fraud in the history of the United States.

Madoff offered seemingly low-risk, high-return investments that should have set alarm bells ringing: they were too good to be true. And while the abnormally steady returns prompted suspicion and unease among Wall Street advisers, possible investors and competitors, the statements Madoff’s firm released were too complex and unclear to really decipher. In the end, the ostensibly secure returns became massive losses for Madoff’s unsuspecting clients.

In June 2009, 71-year-old Madoff was sentenced to 150 years in prison on 11 counts of fraud, money laundering and theft.




Friday, September 27, 2013

Keir Reynolds shows his "world class"

So the cat is outta the fully dopey GLM.v bag and be still my heart Mr. Reynolds was referring to the "world class" (my ass) Ford Lake project in the Athabasca Basin.

Acquired for a song, the project is in "most prospective uranium corridor in the world", "With the recent success of uranium exploration companies in the Athabasca basin, such as Hathor, Fission and Alpha, the directors of Glenmark are extremely pleased to make this strategic acquisition in a resilient commodity."
Trouble with virtually every bullchit tainted word is that it simply ain't fukkin true. THATS what a body buys into when throwing money away on venture mutts ... the wholesale suspension of rational disbelief. One continually wonders WHERE the suckers come from.


http://www.stockwatch.com/News/Item.aspx?bid=Z-C%3aGLM-2108163&symbol=GLM®ion=C

Thursday, September 26, 2013

Cool Gemstones I

Mozambique paraiba tourmalines. 6.0 carats and 5.53 carats.

Burmese Red Spinel. 10.2 carats. In normal lighting conditions this gem is deep purplish red; under bright lighting the gem comes alive.
Green grossular is a variety of the garnet family. 12.04 carats. Varying amounts of vanadium and chromium account for the intensity of the green.

Golden brown sphene from Burma. This stone weighs 40.33 carats.
Vietnamese Blue Spinel. 2.59 carats.

Mozambique Ruby. 3.16 carats.
Sri Lankan Green Zircon. 20.85 carats.

Amber from Burma.



J Frank goes all in with Sprott - BGM.v

J Frank has been burning the midnight oil and has discovered a way to unlock value ... for J Frank. Everybody's mercenary Sprott has found some mightly fertile fields in J. Franks' deep neither regions.

A match made in venture heaven when one wastes time thinking about it. Pfffft.
"Barkerville Gold Mines Ltd. Receives a Term Sheet for aA $15 Million Gold Loan Facility and Makes Application to the TSX-V for Reinstatement

September 24, 2013, Vancouver, British Columbia -- Barkerville Gold Mines Ltd. ("Barkerville" or the "Company") is pleased to announce that the Company has entered into a term sheet (the "Term Sheet") with 2176423 Ontario Limited (as "Lender"); which the Company is informed is wholly-owned by Eric Sprott; respecting a proposed $15 million gold loan facility (the "Facility") to be provided to the Company by the Lender. The Facility is expected to be advanced to the Company on or about October 4, 2013, and in conjunction with the Company's planned reinstatement for trading on the TSX Venture Exchange (the "TSX-V"); assuming the successful completion of the Company's reinstatement application with the TSX-V; in a single advance of $15 million in accordance with the terms and conditions of a proposed Credit Agreement which is presently being prepared. The Company intends to use the proceeds of the Facility to pay for existing trade payables, to repay its recent bridge loan of $1.5 million and for the payment of operating expenses on a going forward basis."

http://www.stockwatch.com/News/Item.aspx?bid=Z-C%3aBGM-2107892&symbol=BGM®ion=C
Grease is so bloody ridiculous we ain't even going there. (ultra pffft). Fully secured against every asset, naturally, and one begins to wonder mightily what, exactly, will be flowing down to equity stakeholders as J. Frank loots and pillages his way to recovery of his dough on a LEGITIMATE 43-101.
The ultra long, multi decade history of separating dumb sheeple from their dopey money reads like a J Frank horror novel and anybody believing this career paper schukster has their interests at heart needs a brain enema and pronto. This equity is nearly as big a joke as J. Frank.



Tuesday, September 24, 2013

Rolling Harry Barr gathers no moss

Proving that old adage that Venture promoters never die ... they simply morph into something bigger and better next time, the probably evil Mr. Barr has yet ANOTHER for sure, 100% winner for public types.
Gordon Chunnett and Harry Barr's Southern Sun Minerals Inc. (SSI) has already filed an information circular about its plan to acquire Rock Star Resources Inc. for its qualifying transaction. The companies signed a letter of intent just two months ago.

Southern Sun will issue 1.74 million shares for Rock Star, which has an option to buy the Galleon gold property in Alaska. After completing the acquisition of Rock Star, Southern Sun will then be responsible for paying the underlying owner of the Galleon property, Anglo Alaska Gold Corp., a total of $165,000 (U.S.) cash and 600,000 shares, due in stages. Southern Sun will also have to spend $400,000 (U.S.) on exploration by the end of 2016.
Before we run for our chequebook we best delve into those devilish BarrTardian details ...

The information circular reveals that of the 1.74 million shares that Southern Sun will issue for Rock Star, 500,000 will go to each of Mr. Barr and Kevin Lawrence, both directors of Southern Sun and Rock Star, and another 500,000 will go to Roy Gould, a former vice-president and partial owner of a B.C. firm called United Capital Securities, which was an introducing broker. Mr. Gould resigned from United Capital in 2005, shortly after a U.S. judge ordered him to pay a $500,000 civil penalty and repay $13.84-million in illegal profits from the sale of unregistered shares of an OTC Bulletin Board listing, Starnet Communications International Inc., a company that in 1999 switched its promotion from operating several porn sites to Internet gambling. Mr. Gould was a consultant to Starnet. The stock traded up to $26 (U.S.) in July, 1999, giving the company a market valuation of $1-billion, but later that year it declined after the Vancouver police raided the company's headquarters and the homes of six directors in search of evidence of illegal gaming and pornography. In 2005, after Mr. Gould demonstrated his inability to pay the U.S. judge's fine, the judge waived the civil penalty and reduced the disgorgement to $1-million, or about half of Mr. Gould's net worth at the time. Unsurprisingly, Mr. Gould will not be a director or officer of Southern Sun.


Money in the fukkin bank THIS time? Pfffffft.


http://www.stockwatch.com/News/Item.aspx?bid=Z-C%3a*MKTSHEL-2107657&symbol=*MKTSHEL®ion=C

Monday, September 23, 2013

Mozambique gold mining

Manica, Mozambique - They are washing the soil, day and night, hoping to reveal gold.

80 percent of gold prospectors arrive illegally from the neighbouring country of Zimbabwe. The miners claw at the earth between 15 and 20 metres beneath the surface, in an extensive tunnel system.

The diggers work on their own account, and after selling the gold they must give half of the money to the owner of the land.


Workers earn 15 meticals (about $0.50) per sack they deliver to the river. On average, they deliver 48 to 50 sacks a day.

http://www.aljazeera.com/indepth/inpictures/2013/04/2013417134429794713.html

Friday, September 20, 2013

Lost Gold of the Confederacy

On the night of May 24, 1865, two wagon trains filled with gold, one containing the last of the Confederate treasury and the other money from Virginia banks, were robbed at Chennault Crossroads in Lincoln County.

Chennault Plantation, owned by Dionysius Chennault who was an elderly planter and Methodist minister, played a significant role in the story. The gold was to be returned to France who had loaned the money to support the Confederacy. Jefferson Davis had given his word that the gold would be returned regardless of the outcome of the war.
Towards the end of the war, Captain Parker of the Navy and a group of other volunteers brought the gold from Richmond, Virginia, to Anderson, South Carolina, by train and from there by wagon hoping to get to Savannah to load it on a waiting ship.

Parker was to camp outside Washington, Georgia, where he was to meet with Jefferson Davis and receive further instructions. Parker's group camped on the Chennault place and then received word to proceed on to Augusta and then Savannah, while avoiding contact with the large number of Union troops present in Georgia. Their scouts met Union troops before they got to Augusta.
The group returned to the Chennault Plantation. Parker was unable to receive further instructions from Davis because he had already left Washington.

It was on this night that the gold disappeared in a hijacking about 100 yards from the porch of the house. One theory says that the treasure was buried at the confluence of the Apalachee and Oconee rivers. Some say that the gold was divided among the locals.

Union troops later came to the Chennault Plantation to find the gold. They tortured the occupants of the house trying to force them to reveal where the gold was hidden but to no avail. The entire Chennault family was taken to Washington, DC to undergo intensive interrogation. They were questioned thoroughly as to the whereabouts of the gold, but the Chennaults could not tell anything that was not already known. They were released a few weeks later and returned to their home in Georgia.
As time went by, the Chennault plantation became known as the "golden farm," and for many years after that people came there to search for the missing gold. Down through the years, many gold coins have been found along the dirt roads near the plantation following a heavy rain storm.

Legend persists that the treasure was hastily buried on the original grounds of Chennault Plantation and remains there today.