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Bullboard - Stock Discussion Forum American Creek Resources Ltd V.AMK

Alternate Symbol(s):  ACKRF

American Creek Resources Ltd. is a Canada-based junior mineral exploration company, which is engaged in the acquisition and exploration of mineral properties, principally for precious metal deposits. The Company’s projects include Treaty Creek and Austruck-Bonanza. The Treaty Creek Project covers approximately 114 square km in the Skeena Mining District of northern British Columbia and is... see more

TSXV:AMK - Post Discussion

American Creek Resources Ltd > $210 MILLIONN?!?!?!?!?
View:
Post by Larry60 on Nov 06, 2024 10:31am

$210 MILLIONN?!?!?!?!?

Amazing how the rumper flumpers just blow off &/or ignor the requirment for CUnninghsam to raise $210 million!!!!!  they blow it off like its nuthing.  Spread misinfo such as i) They can borrow it from GEM, ii) THey can sell tokens to raise it in the next 3 weeks, iii) Eric will bail them out.

Its pure misinformation at best.........

In 2 weeks of trading, NGTG has not even traded $1 million in total!!!!!!!!!!  Cunninghsam issued themselves 900 million tokens!!!!!!!!!!!!!!!   Its unreal.............................and the rumpers just ignor it like its nuthin.............
Comment by rusty111 on Nov 06, 2024 10:56am
They are securing the funds through GEM  It's just the vote on the 27th ! with gold's price and stocks as well  dropping because of Trumps win the yes vote will be stronger for AMK  aloha 
Comment by Larry60 on Nov 06, 2024 11:06am
Rusty, Only way to get funds from GEM is to sell them tokens, at a set discounted price (we dont know what it is), that GEM then sells in the market (might even pre-sell).  THe challenge is that the amount of tokens that Cunninghsam can sell them is a function of daily liquitity.  RIght now liquiditn is nothing.  Maybe they could sell GEM 10k a day if you wanted to be super ...more  
Comment by Robizounskin on Nov 06, 2024 11:33am
Hey Garry, If Cunningham sell 210 million in token then they don't need financing from Gem anymore, do you know what financing is...
Comment by Larry60 on Nov 06, 2024 11:38am
There is NO financing with GEM............just a Token subscription agreement NGTG hasnt even traded $1M in total in the last few weeks!!!!!!!!!!!!!!!!!!  Most new tokens/coins trade a multiple on their first day of what NGTG has trades in a few weeks!!!!!!!!!!!!!!!!! Where is the $210 million????????????????
Comment by curtis111 on Nov 06, 2024 12:25pm
Already told them to call and have a conversation with GEM...  Very simple. All I keep getting back from these  guys is they want me to do their due diligence for them because they're unable to make the call and ask questions for themselves.. A lot of money goes into regulatory/circulars and other compliance items, not  to mention the deal includes payment of all the options ...more  
Comment by paydirtontario on Nov 06, 2024 1:08pm
Nothing has been finalized okay .., The $210m can still be taken out with a higher bid and I won't be surprised if it does  hold onto your shares  https://stockhouse.com/companies/bullboard?symbol=v.tuo&postid=36298043
Comment by Larry60 on Nov 06, 2024 3:49pm
Rumper flumpers know no bounds "The $210m can still be taken out with a higher bid and I won't be surprised if it does  hold onto your shares " So you're saying someone will pay more for AMK than $210 million?  CUrrent bid is unfunded!!!!!!!!!!!!!!!! More imprtantly, TUD an TUO are trading, on a relative basis to AMK for between $70 million and $80 million............ ...more  
Comment by roberto146 on Nov 06, 2024 11:39am
Well it is kind of a win-win-win for Cunningham if I have interpreted the publicly available information correctly. - If the deal is abandoned due to lack of shareholder approval Cunningham gets back $150K of the $300K deposit, plus they have whatever funds from token sales, the basis and valuation of the token being the participation of the public in the placer property Nuggettrap. - If AMK were ...more  
Comment by Larry60 on Nov 06, 2024 1:19pm
Roberto, that is what Ive been saying since June.................free option for Cunninghsam.......free lottery ticket if a subsequent deal happens..................free promo on NGTG and HNRC................all for a measley $150k........
Comment by Larry60 on Nov 06, 2024 2:20pm
PS Roberto, plus the proceeds from NGTG.........................even if just a few million. a massive win for the cash strapped Cunninghsams........................it will provide real powder for future rumper flumpers and pink shett shennanigans............imho
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