Red Flags Red Flags Red FlagsHow does Cunningham Mining propose to raise the $210 Million dollars with its token sales to buy-out AMK shareholders with cash when they don't have a single confirmed ounce of gold of the better than 6 million ounces they claim to have?
The Cunningham mining placer claims known as the Nugget Trap Placer Mine in British Columbia is not backed by any form of mandatory Technical Report National Instrument 43-101 compliancy.
In essence, the 6million ounces of gold claimed to be there in ground doesn't exist without it.
What they do have is an Assessment Report on the Nugget Trap Property not backed by any NI 43-101 qualified personel from previous owners whereby none of it can be deemed accurate or legitimized.
https://apps.nrs.gov.bc.ca/pub/aris/Report/39381.pdf/
(highlight drag and drop this link on google search for this report)
Cunningham Mining is a non-reporting pink sheets company using the gambit of acquiring AMK who has a 20 percent share in a large NI 43-101 compliant stake.
GEM Digital makes their real bread and butter by charging their token facility subscribers a 0.1 percent legal fee . . . in this case Cunningham a $336,000.00 legal fee on the $336M token facility.
How is Cunningham going to raise even this amount on token sales with virtually no gold in the ground let alone the money in token sales to pay AMK shareholders.
They will not and they won't.
Gem has their means of making money charging the 0.1% legal fee to subscribers who for the most part never make bank with their tokens with their token provider.
Nothing is on record or to write home to mom about anyway.
Gem subscribers for the most part are big dreamers who come up far short with the tokens.
Cunningham has nothing of real essence of a gold mining company going for them and they too are big dreamers with high hopes of gaining success by any means it would appear.
Big words to dupe the ill informed and naive are the norm with these companies.
The run-up in share price of late at AMK would appear to be all she wrote in this rouse and only the naive will keep on believing in it.
All the naivety among shareholders is in where their real strength lies making bank for themselves by which they have pretty much already done here.
RUN !