RE:Anybody having doubts about Matica mgmnt radar17 wrote: <br /> should read this... (I don't know if the company and investors ever recovered the money from Boris and Tong or not.)<br /> <br /> https://www.newswire.ca/news-releases/gold-world-resources-update-on-forensic-investigation-534065121.html<br /> <br /> an excerpt...<br /> <pre> This review resulted from the Company's announcement on May 30, 2007 that independent legal counsel retained by the Company in China <u><strong>was unable to establish that Gold World had any interest in the Xiqinggangping Gold Project</strong></u>. "Gold Luck" was represented as having a joint venture interest in the Xiqinggangping Gold Project. During the period from October 2005 to June 2006, the Company advanced funds to Gold Luck to secure its position in the Xiqinggangping Gold Project. In June of 2006, as part of an arrangement to complete the property acquisition, the Company purchased Gold Luck from a number of shareholders including World Fortune Enterprises Inc., its principal <strong><u>Richard Tong and former Company president Boris Ziger, both of whom are also currently directors of Gold </u>World.</strong> As a result of the forensic review Grant Thornton LLP concluded: "Accordingly, the total advances from Gold World for their investment in the China joint venture agreement obtained through their purchase of Gold Luck from World Fortune amounted to $377,863.30. This is the amount that ...World Fortune should be in a position to account for, given its ownership of Gold Luck prior to finalizing the transaction with the Company". ... <u><strong>Accordingly, it is not inconceivable that as much as $335,845.00 of Gold World's funds may be unaccounted for by World Fortune."</strong></u> Accordingly, as a result of the forensic report by Grant Thornton LLP and the report of independent Chinese legal counsel, <strong>the Company intends to take corrective action with all means at its disposal, including legal action. <u>Boris Ziger was asked to resign as president of Gold World</u></strong> on April 4, 2007.</pre>
<br /> <br /> These guys have been doing SCAM after SCAM! Same thing with their Lithium garbage ... nothing ever pans out.<br /> Everything gets cancelled or screwed up or agreements are broken.. EVERY SINGLE TIME. That's why this stock has never been over 15 cents! Everyone was saying this stock was gonna fly with the Lithium craze.. it's the only one that didnt.. because nothing panned out.. then the THC deal.... but nothing is ever their fault apparently.. yet they still get rich.. It's BS.