Here’s a stock spam I received for FMNJ - Franklin Mining, Inc - on the Pink Sheets exchange:
Subject: FMNJ signs letter of intent to renew mining operations
Date: Tue, 21 Feb 2006 22:25:56 -0600
From: “Direct Investors”
February 21, 2006 OTC: FMNJ.pk
Current Price: $0.003 Franklin Mining CEO and Consultant Travel to Bolivia
Feb 21, 2006 . Las Vegas, Nevada. Franklin Mining, Inc (OTC Pink Sheets: FMNJ . News) Franklin Mining CEO Jaime Melgarejo has departed Houston, Texas for Bolivia. Mr. William Petty, President, Petty International Development Company, will join him later in the week.
In announcing their travel plans, Mr. Melgarejo confirmed that he and Mr. Petty will hold a series of meetings to follow-up with Franklin Mining’s recently announced signing of a letter of intent for a possible Joint Venture for the renewal and expansion of Cerro Rico Mine’s operations. They will also attend meetings to expedite the audit of Franklin Mining’s Bolivian operation.
Mr. Melgarejo went on to say, “Mr. Petty and I are returning to Bolivia with a dual-purpose agenda . we want to continue the development of our Cerro Rico Mine Joint Venture and we want to expedite the completion of Franklin Mining/Bolivia’s financial audit. The audit is a crucial step in completing the process of returning FMNJ to a full Bulletin Board listing.”
Our strategy is simple- look for lower operational cost per gram to insulate us from price fluctuations.
Concentrate on properties with low risk-high reward ratio. Timing is everything and that includes acquisition of mining properties. We recognize and have targeted certain areas in South America where mining has been decimated due to economic and/or political conditions where the timing of the previous group (s) were incorrect. We hope to acquire these distressed properties and by improved management and mining operations: make these properties profitable.
To aggressively pursue properties that can provide fast cash flow. We are targeting placer mines for our own operations. Placer mines provide quick cash flow and the expense of exploration and development is not nearly as great as that of a hard rock mine. We are targeting placer mines that can provide cash flow to the company within 120 days.
To spread risk where so required in order too minimize risk to the company. A hard rock mine can be a very expensive proposition but our company should not close our eyes to them. Our target is to acquire hard rock mines rich in reserves in order to do joint ventures or to capitalize on them in the future.
We hope to build a diverse portfolio of properties that can maintain a positive cash flow for the company under diverse economic circumstances and to create shareholder value for our stockholders.
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Safe Harbor Statement: Certain statements in this press release that are not historical facts are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements may be identified by the use words such as “anticipate,” “believe,” “expect,” “future,” “may,” “will,” “would,” “should,” “plan,” “projected,” “intend,” and similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of HQ Sustainable Maritime Industries, Inc. to be materially different from those expressed or implied by such forward-looking statements. The Company’s future operating results are dependent upon many factors, including but not limited to the Company’s ability to: (i) obtain sufficient capital or a strategic business arrangement to fund its expansion plans; (ii) build the management and human resources and infrastructure necessary to support the growth of its business; (iii) competitive factors and developments beyond the Company’s control; and (iv) other risk factors discussed in the Company’s periodic filings with the Securities and Exchange Commission, which are available for review at www.sec.gov under “Search for Company Filings.”
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