Skip to main content

Armenian Documentary calls Van Z. Krikorian of Global Gold Corp. a SWINDLER!

The Video below was released in Armenia on April 6, 2013. The title in Armenian is
ԽԱՐԴԱԽՆԵՐԸ, or KHARDAKHNERE, which tranlates to "FAKERS" or "SWINDLERS".
(Van, Please correct me if I am wrong about the translation.)

The video prepared by certain NGOs describes how Mr. Van Z. Krikorian used his influence and political connections, which he gained from his work and membership with the US based lobby group the Armenian Assembly of America (AAA), and connections to the Department of State and the US Embassy in Armenia, to help enrich himself and "swindel" his employees, contractors, partners and the Republic of Armenia.

I hope the English version will be published soon...


Popular posts from this blog

Van Krikorian's TOUKHMANUK Gold Project is BANKRUPT

While visiting the PDAC, the international mining convention in Toronto, I met representatives of the Armenian Government at the Lydian booth. It was confirmed to me that Global Gold's project in Armenia is BANKRUPT. I have always said that the 2 million ounce GOLD resource that Van Krikorian was promoting at TOUKHMANUK was a complete fraud. Global Gold Corp is now defunct and delinquent and no longer files any financial statements. Don't be fooled by the $3.00 price quote, GBGD has rolled-back its shares 251x and now has approximately 386,000 shares outstanding. The company has transferred all its assets to its officers and directors and left $20 million in debts behind. Now its flagship asset is bankrupt, leaving behind unpaid salaries and unpaid bills in Armenia.

Global Gold Corp shares labeled as delinquent and demoted to the Pink Sheets with a Public Warning

As of TODAY, May 17, 2017, Global Gold Corp's shares have been demoted to the PINK SHEETS, labeled as "SEC Reporting Delinquent", "STOP OTC Pink no Information" and with a public Warning! This company may not be making information publicly available. According to the OTC Markets website, the STOP warning means: No Information Indicates companies do not provide disclosure. Publicly traded companies that do not provide information to investors should be carefully researched before making any investment decision.

Local Villagers at MELIQ, OPPOSE Global Gold Corp's gold mining project in Armenia

The TOUKHAMNUK GOLD MINE License is coming up for renewal on February 28, 2015 and Global Gold Corp (OTCmarkets:GBGD) may lose the license. Frankly they should lose the license since they have failed to meet their contractual obligations under the terms of their mining contract. GBGD, has failed to mine 153,000 tones of ore through open pit operations and 1,095,250 tones od ore through underground mining operations. In fact, according to Government of Armenia RECORDS, GBGD only mined 86,400 tones of ore from open pit operations at the Toukhmanuk gold mine between 2006 - 2012. Nowhere near the 1,259,400 tones of ore required to be mined under the terms of the mining license issued in 2006. Even the local community opposes GBGD's subsidiary, Mego-Gold, to build a third tailings dam in the area to support future plans to operate the mine exclusively as an open pit operation. They failed to follow the terms of the first mining contract and now they want to be rewarded with