USCA cast... mentioned 50,000 SH's. we were used?

[imSINGLEruRICH]

At the end Adam Jenn mentioned that they have 50,000 shareholders out there & then said "We need financing !! He used us to pump & beg for his company?? grrrrrr...........


USCA....
Jenn said after taking over company, he brought in BOK to help clean up.

They change auditors (went through 8 brfore Silverstein took them on)..... does that name sound familiar?

They changed lawyers

Change share structure by cancelling appx 40 million (deal made with old shareholders)

cleaned out old management

Says....They are sole management & directors & are running the ship 100%.

Plans for future

Get caught up with filings & become fully complianta and get back on the BB where it belongs.

Once filings are uptodate BOK moves to Chile to control operations there.

Consider the COD Mine and the Processing plant as secondary assets. The COD MINE accoring to a geological in grand from 2000...... updated to 2006 prices would value at 200-250 million. Mainly consisting of Zinc, Lead & Silver.

Single most important asset........ is Chile options.... he stated that he had the Chile connections prior to USCA. Option to purchase 1200 hectares south of Chile.

THEN ........ is when he added
WE HAVE 50,000 SHAREHOLDERSout there & WE NEED FINANCING......

We should give him 50,000 phone calls to THANK him for using us to pump and beg for his company !!


All I could catch... feel free to add to or correct...

Single

[luci]

okay, if they lowered the share structure to 60 million (after retiring 40 million), and there are 50,000 share holders... there's a problem... i have about a thousand restricted shares...and i know there are folks out there with a LOT more than me...

so does that mean that we own usca?? huh??

[imSINGLEruRICH]

luci said:

okay, if they lowered the share structure to 60 million (after retiring 40 million), and there are 50,000 share holders... there's a problem... i have about a thousand restricted shares...and i know there are folks out there with a LOT more than me...

so does that mean that we own usca?? huh??

Luci.... shoulda , coulda, woulda........ story of the CMKX shareholders lives ....
(hopefully soon to change )

Single

[imSINGLEruRICH]

Chile History News

The New Management of U.S. Canadian Minerals, Inc. to Be Interviewed on Live Microcap Talk Show: Mar 21 Mar 2007 19:51 GMT
... recently announced option on 1,200 Hectares of Chilean gold claims. These claims, covering some 5 km of ... Any statements contained herein that are not historical facts are forward-looking statements within the meaning ...