Thursday, February 6, 2014

SEC takes a full year to nail Briner

On February 3, 2014, the Securities and Exchange Commission (the “SEC”) announced the filing of stop order proceedings against 20 purported mining companies for providing false information in their registration statements. Of the 20 registration statements, 18 were opined upon by the same attorney, Diane Dalmy, who is the subject of a pending SEC proceeding.
More than one year ago, Promotion Stock Secrets published a featured report in which it noted blazing red flags of fraud in the same 20 registration statements.

Promotion Stock Secrets noted that the business plans of the issuers were virtually identical and involving purported mining properties. The issuers had nominal or no revenues, nominal or no assets and limited cash on hand. They also shared common bad actors, including John Briner. The registration statements opined by Dalmy were filed within close proximity to one another; in several cases, on the same day. Promotion Stock Secrets pointed out 19 of the 20 issuers were formed on May 31, or June 1 of 2012 and; 16 filed registration statements during January 2013. The remaining 4 registrations were filed in November and December of 2012.
The 20 companies that are the subjects of the stop order proceedings are:

Braxton Resources Inc.
Bonanza Resources Corp.
Canyon Minerals Inc.
CBL Resources Inc.
Chum Mining Group Inc.
Clearpoint Resources Inc.
Coronation Mining Corp.
Eclipse Resources Inc.
Gaspard Mining Inc.
Gold Camp Explorations Inc.
Goldstream Mining Inc.
Jewel Explorations Inc.
Kingman River Resources Inc.
La Paz Mining Corp.
Lost Hills Mining Inc.
PRWC Energy Inc.
Seaview Resources Inc.
Stone Boat Mining Corp.
Tuba City Gold Corp.
Yuma Resources Inc.

http://www.securitieslawyer101.com/briner/