gnote12

12/29/2011 5:37:08 PM | | 86 reads | Post #30495436

On December 28, 2011 at 4:00 pm,
Dave says:

• On December 28, 2011 at 5:52 pm,
  Big Al says:

  Evening Dave,

  Interesting accusation. I assume that you can prove the allegation about options given to me by companies to “pump their stock”. We used to accept options for regulatory work which we did. (Quite a few years back, by the way.) I have not accepted any options nor exercised any options from prior years since I feel that it is not ethical to do that. I clearly state that any company which I discuss is either in my portfolio, a sponsor or neither. Since the first of the year, I have also given three days notice before any buy or sell with the exception of my purchase of International Tower Hill Mines which I did not because I forgot the interview which I did with the President would not air until a few days after I did the interview.

  My policy began at the beginning of this year when I realized that our audience had grown to the point where my actions could potentially make a difference in the market.

  The shares which I own were purchased, for the most part, out of the market. For example, I just purchased shares in Rye Patch Gold today, which I announced last week that I would be doing, out of the market.

  I have purchased shares through large private placements which is perfectly legal for an accredited investor such as myself. The last private placement which I took part in was in American Manganese and it was in the early part of 2011.

  Regarding Premium, Del Steiner is a personal friend. The financing which you mentioned is going to be pulled because at under
  .15 the proceeds do not meet the exploration budget.

  Regarding your allegation pertaining to paying salaries of officers and directors, again you are incorrect. It is my understanding that the Company has sufficient capital to cover all G & A for the future. Del Steiner, for spending about 80 hours/week on the affairs of the company receives a salary of $7k per month. Christine is paid substantially less than that for also working probably about 80 hours per week.

  Del, his family, Christine and her family have all purchased a substantial number of shares in the company. Del told me that his average price was
  .37. Oh year, he is going to make an absolute killing at these levels isn’t he!

  If PEM discovers the district that Del and the rest of them believe in, the results will be great. If not? Well, considering that 90% of junior mining companies fail that would not be surprising.

  You do not know me, yet you make some very serious allegations. I have to believe that you are either some type of competitor or just not very bright because bright people do not make serious allegations like this.

  Best,

  Big Al

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