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Showing posts from June, 2017

GBGD re-listed on the OTCQB with USD$20,350,985 in Debt

Global Gold Corp (GBGD) shares have finally been re-listed on the OTCQB from the PINK sheets. GBGD shares were dropped because it failed to timely file their year-end and quarterly financial statements. Now that the F/S are filed, here are some highlights for GBGD: The company has $54,164 in cash and $20,350,985 in debts Its Armenian subsidiary (Mego Gold LLC) that owns their Toukhmanuk Gold Mine has been declared bankrupt by Armenia's Cassation Court JV partner Linne Minning at Toukhmanuk, has filed a creditor claim of $30,000,000 in the bankruptcy of Mego Gold They need $5,000,000 to fund their Marjan Project in southern Armenia What can one say about a company run by Mr. Van Z. Krikorian , President, CEO, Director and  Lawyer, and Mr. Ian Hague , Director and Principal of hedge fund Firebird LLC ( Mr. Ian Hague had made director loans to Global Gold which amounted to $5,052,262, including interest. In order to clean up the books of the company, in