|
Research, Report & Profiling Services
by IPOdesktop.com
Wyn Developments Inc.
Stock symbol: WL.V TSX..…………………………………..….Average daily volume: 70,400 |
|
Stock price 12/7/04: $.24…………………………….Common shares (12/3/04): 43,205,884 |
|
52-week price range: $0.14 - 0.29……………….. Equity market capitalization: $10.4 million |
Recent News……Stock Price……Chart……SEC Filings
Listen to the Interview with Robert Krause
December 6, 2004 |
|
HIGHLIGHTS |
|
BC mining recovery taking place |
|
Mineral prices increasing |
|
Wyn Developments cherry picked properties starting 2 1/2 years ago
|
|
BUSINESS |
|
Wyn Developments is an advanced exploration Company focused on mainly the following projects: |
|
Hearne Channel, Northwest Territories -- Niccolite-Cobalt (high grade nickel) |
|
Blustry Mountain, British Columbia - Gold-Silver Project
|
|
Ferguson Lake, Nunavut -- Nickel-Copper-Platinum-Palladium-Cobalt Project, joint ventured 50/50 with Starfield Resources Inc. (SRU:TSX) |
|
Also see 'recent developments' below
|
|
----------------------------------------------------------------------- |
|
Address : 620-800 West Pender Street, Vancouver, British Columbia V6C 2V6 |
|
Telephone (604) 685 5851, Fax: (604) 685 7349 Toll Free 1-888-685-5851 |
|
President: Daniel Kesonen |
|
Web Site : http://www.wyndevelopments.ca |
|
Investor contact : ir@unitedresourcegroup.ca |
|
----------------------------------------------------------------------- |
|
RECENT DEVELOPMENTS |
|
WL.V signed Right of First Refusal to Participate in Slave Point Formation Natural Gas Test Well, November 19, 2004
|
|
WL.V Acquires Additional High Grade Nickel Prospect-NWT, November 11, 2004
|
|
Drilling Completed on WL.V's and Starfield Resources Ferguson Lake Joint Venture Project, November 4, 2004
|
|
Slave Point -- Northeastern British Columbia, Canada |
|
WL.V signed a Right of First Refusal Agreement to earn a 12.5% interest in and oil and gas prospect called the Trutch Property which is located in northeastern British Columbia approximately 60 kilometres south of the city of Fort Nelson. |
|
WL.V intends to focus on the drilling of a 3300 metre Slave Point test well, which is within the Slave Point Formation. The drilling will be scheduled the end of January '05. |
|
In all, there are 26 contiguous gas spacing units (sections) of approximately 680 acres each. |
|
The prolific Slave Point gas reservoirs in northeastern British Columbia have a common denominator in that the reservoir has been dramatically altered by a process called High Temperature Dolomitization (HTD) whereby hot sub-sedimentary fluids originating along faults and fractures in the basement move up into overlying porous sediments and alter the basic sedimentary fabric, resulting in many cases in highly porous reservoirs. |
|
At the property location, there are two prospective formations; the Halfway and the Slave Point. The Debolt is also considered prospective. The nearest fields to the Bougie/Trutch Prospect are the Tommy Lake Halfway field, which is estimated to contain 440 Bcfg and the Adsett Slave Point field, which is estimated to contain 200 Bcfg. The Tommy Lake field is close to the proposed location. The Adsett field is approximately 42 km from the Bougie/Trutch location some 10 km to the southeast. |
|
Nickel deposit options
WL.V has recently optioned 2 nickel bearing properties and staked a third approximately 135 kilometres southeast of Yellowknife, Northwest Territories, adjacent to Great Slave Lake. |
|
Two of the claim blocks – CONI and WYN are alongside Hearne Channel while the third, LCW and Holy Moly, at the western end of Easter Island (an area in Canada) some 45 kilometres southwest of Hearne Channel. The claim holdings now exceed 12,756 acres. All three represent viable targets for high grade, bulk tonnage nickel deposits.
CONI History
On the CONI claims, high grade niccolite mineralization was initially discovered by prospectors in the 1940s. In the late 1960s, local miners excavated several hundreds of tons of ore from surface pits and shafts. The niccolite itself occurs as concentrated pods up to 2 metres wide and 50 metres in length. Previous metallurgical testwork yielded results ranging from 26.0% to 37.0% nickel with associated-cobalt values between 0.15% to 1.01%. Of greater significance for tonnage implications was the recognition by the company’s consulting geologists that the high grade nickel is spatially related to much larger nickel bearing gabbro ultramafics which measure hundreds of metres in width to in excess of several kilometres in length. A recent airborne geophysical survey completed by the company confirmed the lateral extent of these mineralized bodies. Initial samples from the magnetic centre of one of these targets on the CONI claims yielded up to 1.256% nickel and 0.05% cobalt. The airborne survey identified 8 high priority geophysical anomalies.
On Easter Island (on great Slave Lake, N.W.T.) a large gabbro sill extends the length of the claims. Drilling in the 1960s concluded that a large, well mineralized nickel bearing gabbro extends to depth. Surface sampling has yielded values up to 27.55% nickel and 0.61% cobalt from open cuts and trenches. Of particular interest is the report by prospectors of palladium values up to 9 g/t within the gabbro while copper values in excess of 1.0% occur at the margins suggesting perhaps metal zonation or segregation.
By early 2005 WL.V will have received assay values for over 300 samples representing more than 400 kilograms or rock collected from all three principal targets. As well, all thin section work and final research will be completed. |
|
Hearne Channel update |
Wyn Developments recently completed a detailed airborne geophysical survey at the Company's Hearne Channel Nickel - Cobalt - PGE project.
Wyn's claims, located some 80 miles (128 kilometers) east of Yellowknife, NWT, cover a geological environment favorable to host Nickel - Cobalt - PGE mineralization.
|
|
The claims cover old development workings (open cuts, decline access to underground, etc) from which these samples were recently taken ((CP03-LD-02 9.752% Ni 0.934% Co.), (CP03-LD-03 11.161% Ni 4.249% Co.), (CP03-LD-06 40.750% Ni 0.203% Co.), (CP03-LD-09 1.25% Ni 0.059% Co.), (CP03-LD-10 2.638% Ni 0.287% Co.), Acme Analytical Laboratories Ltd., October 18th, 2004).
|
|
Previous work on the property consisted mainly of small scale production on niccolite showings. These showings routinely ran in excess of 30% nickel and hand selected shipments assayed 40.75% nickel along with significant cobalt credits.
|
|
Due to the high grade nature of the niccolite showings the regional potential for the discovery of a significant nickel deposit was overlooked.
|
|
The recently completed airborne magnetometer-electro magnetic survey identified 8 high order geophysical anomalies. An initial program of ground prospecting and evaluation was completed during October 2004.
|
|
Of particular interest is the large high intensity magnetic anomaly with a coincident EM conductor located in the centre of the property. Ground prospecting identified altered mineralized ultra mafic rocks which have historically been permissive hosts for large nickel deposits.
|
|
A prospectors sample from this area assayed 1.256% nickel and 0.05% cobalt. Pentlandite (nickel sulfide) was identified over a significant area within the anomaly and a rock sampling program covering an area of 400 x 600 meters was completed. Over 400 kg of samples were taken during the evaluation program.
|
|
Geological compilation and further interpretation of the geophysical survey is ongoing. Upon receipt of assays from the sampling program areas will be prioritized for drilling.
|
|
WYN PROJECTS -- overview |
|
Hearne Channel |
|
Wyn Developments Inc. has an option to acquire a 100% interest in the Hearne Channel Property located 135 kilometers east-southeast of Yellowknife, Northwest Territories, Canada, near Great Slave Lake. The property encompasses approximately 4000 acres and covers occurrences of niccolite, a high-grade nickel mineral, together with deposits of cobalt in a geological environment permissive to host large tonnage mineral deposits. In addition the Company has staked an additional 7500 Acres adjacent to the newly optioned property. Previous Assays Have Indicated a Range of 26.0% Nickel and 1.01% Cobalt to 37.0% Nickel and 0.15% Cobalt. Year round access to the Hearne Channel Property is via aircraft from Yellowknife or by winter road 5 kilometers from Hearne Channel on Great Slave Lake. |
|
Blustry Mountain |
|
Wyn Developments Inc has acquired the right to earn a 100% interest in 700 mineral units covering extensive epithermal alteration systems prospective for gold and silver deposits. The units are centered around the well-known gold-silver region of Blustry Mountain in southern British Columbia. It is interpreted by the Company's consulting geologists that the Blustry Mountain region represents a possible southern extension of the geological province hosting the former producing Blackdome Mine. The Company has completed ½ of an IP survey and identified possible drill targets. Additional staking has increased the land holding to 1200 mineral units (25 miles by 7 miles). The Blackdome Mine operated during the 1980s-1990s produced 233,252 ounces of gold and 827,019 ounces of silver. |
|
Ferguson Lake |
|
Wyn Developments Inc. has optioned five claim blocks in the very promising Ferguson Lake area of Nunavut, Canada, approximately 120 kilometers west-southwest of Rankin Inlet, which hosts a large nickel/copper/cobalt/platinum/palladium inferred mineral resource. The property area lies between 240 and 280 kilometers west of Rankin Inlet and about 160 kilometers south-southwest of Baker Lake. These claim blocks (2582.5 acres each) totaling 32,281.25 hectares are in the immediate area that has been a major focal point for extensive exploration activities over the past fifty years. Wyn Developments has entered into a 50/50 Joint Venture Agreement with Starfield Resources Inc. to commence an exploration and development program on its Claim Blocks, the joint venture has staked an additional 10 claim blocks bring the land position to 32,281.25 Acres. To date over 60 million tonnes of Nickel, Copper & Cobalt have been delineated on Starfield’s Ferguson Lake area, including 2.8 million ounces of Platinum and Palladium. |
|
PROJECT DETAIL |
|
Hearne Channel |
|
Wyn Developments Inc. has an option to acquire a 100% interest in the Hearne Channel Property located 135 kilometers east-southeast of Yellowknife, Northwest Territories, Canada, near Great Slave Lake. |
|
The properties encompasses approximately 12,000 acres and covers occurrences of niccolite, a high-grade nickel mineral, together with deposits of cobalt in a geological environment permissive to host large tonnage mineral deposits. Year round access to the Hearne Channel Property is via aircraft from Yellowknife or by winter road 5 kilometers from Hearne Channel on Great Slave Lake. Previous Assays Have Indicated a Range of 1.25% Nickel and 1.01% Cobalt to 40.75% Nickel and 0.15% Cobalt. |
|
High grade nickel-cobalt mineralization was originally discovered near Sachowia Lake on the property in the early 1940's by gold prospectors working for Cominco. Historically, some of the showings |
|
have been selectively mined on a small scale by "high graders." |
|
Limited explorational drilling was conducted by earlier operators to test the high grade zones with moderate success. Prior geophysical surveys have indicated that significant exploration targets may be present. Wyn Developments plans to utilize a more modern exploration techniques to test the property. Discovered prior to 1960, the mineralization located to date consisted of a series of pods of massive niccolite on the surface up to 2 meters wide and 50 meters long. |
|
Character specimens taken in 1996 for metallurgical purposes returned assays ranging from 26.0% nickel and 1.01% cobalt to 37.0% nickel and 0.15% cobalt. Wyn Developments plans an exploration program on the property to test continuity and define high grade and bulk tonnage targets. |
|
The Hearne Channel Property is underlain by volcanic rocks of the Yellowknife super group, that have been intruded by granite porphyry and diabase dykes and sills which have historically hosted massive niccolite showings and demonstrate the potential to host further high grade structurally controlled pods as well as bulk tonnage deposits. |
|
Mineralization occurs as massive niccolite "pods," contained within highly altered breccia zones. The proposed geophysical surveys will endeavour to define and enhance previously indicated magnetic and electromagnetic anomalies in the vicinity of the high grade zones identified to date. |
|
In addition, some of the rock units in this area may have "capped" the systems that introduced the nickel-cobalt mineralization, forming a trap retaining substantial deposits of niccolite. The property covers a geological environment permissive to host a large tonnage occurrence of nickel-cobalt, either in large stock work zones or as massive mineralization along an impermeable horizon. |
|
Several geophysical targets have been defined which require follow-up and more detailed evaluation. The remainder of the area in the vicinity of the main zones requires detailed prospecting and geological mapping. Wyn's Hearne Channel Property presents an attractive exploration target for large-tonnage occurrences of nickel-cobalt mineralization. |
|
Blustry Mountain Gold Silver Project |
|
Wyn Developments has acquired the right to earn a 100% interest in 700 mineral units covering extensive epithermal alteration systems prospective for gold and silver deposits. The units are centered around the well-known gold-silver region of Blustry Mountain in southern British Columbia. |
|
It is interpreted by the Company's consulting geologists that the Blustry Mountain region represents a possible southern extension of the geological province hosting the former producing Blackdome Mine operated during the 1980s-1990s yielding 233,252 ounces of gold and 827,019 ounces of silver. |
|
Wyn has secured the Rights to a 45,000-acre Property Covering an Epithermal Gold/Silver System Epithermal gold/silver hydrothermal deposits are recognized by the presence of silification (quartz veins), sulphides and hydrothermal alteration minerals. These features are the result of extensive fluid flow through rocks along structural features such as faults. |
|
A satellite imagery interpretation (structural, alteration) was performed to identify potential areas housing gold-silver-style epithermal mineralization. The Blustry Mountain area shows several prominent faults that have been crosscut by a second series of faults. These fault structures have prepared the ground for the introduction of gold/silver mineralizing fluids. This conclusion is supported by the presence of gold/silver mineralization at the intersection of these faults. |
|
Gold mineralization discovered to date at Blustry Mountain has been directly associated to epithermal-style mineralization. Three distinct types of silification have been identified with this occurrence. The first style, silicified quartz breccias, have yielded the highest gold and silver values to date -- up to 861 ppm silver (24.4 oz/t) and 42 ppm gold (1.35 oz/t). |
|
The second identified style of silicification is parallel veinlets of dark grey quartz, 1-10 mm wide. One zone of parallel veinlets has been traced over an area of 50-100 metres in width and at least 200 metres in length. A sample from this zone returned 661 gm/mt silver (21.2 oz/mt) and 1.58% lead. |
|
The third style of silicification consists of a silicified rhyolite breccia with moderate to intense clay alteration. This zone alteration has been traced for over 4,500 metres and is up to 1,500 metres wide. Clay alteration may overlie an intact (non-eroded) epithermal gold/silver deposit. |
|
Specific trace elements related to epithermal systems have been analyzed for in-stream sediment samples. Several drainages of the Blustry Mountain area have yielded anomalous trace element values for epithermal-style mineralization that includes gold, silver, arsenic, antimony |
|
As a result of the knowledge gained in having its geological consultants review all available data, Wyn Developments has secured this promising, district-sized belt of favourable gold/silver-bearing rocks extending over 40 kilometres north/south and up to 10 kilometres wide totalling almost 50,000 acres. |
|
Feguson Lake, Nunavut |
|
Wyn Developments Inc. has optioned five claim blocks in the very promising Ferguson Lake Mineral District of Nunavut, Canada, approximately 120 kilometers west-southwest of Rankin Inlet, which hosts a large nickel/copper/cobalt/platinum/palladium inferred mineral resource. |
|
The option calls for expenditures of $ 1,000,000 to be made over a three year period. The property area lies between 240 and 280 kilometers west of Rankin Inlet and about 160 kilometers south-southwest of Baker Lake. These claim blocks (2582.5 acres each) totaling 32,281.25 hectares are in the immediate area that has been a major focal point for extensive exploration activities over the past fifty years. |
|
Wyn Developments in a Joint Venture with Starfield Resources Inc. has completed the exploration program during 2004: results, the Company completed two drills and is presently waiting assay results. |
|
Over 60 Million Tonnes of Nickel/Copper/ Cobalt/Cobalt/ Mineralization Have been delineated in the Ferguson Lake Mineral District including over 1 Million Ounces of Platinum and Palladium |
|
When Inco discovered sulphide mineralization on the nearby shores of Ferguson Lake, it focused primarily on the copper/nickel potential of the area. |
|
Subsequently, in the 1980's Homestake spent $ 1,000,000 on the Ferguson Lake Property. Starfield Resources optioned the properties from the Hunter Exploration Group in 1997 and since then has spent over $ 20,000,000 exploring the Ferguson Lake area, outlining a total mineral resource of over 60 million tonnes including: 28.5 million tonnes containing 1.17% copper, .73% nickel and 1.71 g/t platinum group metals in what is termed the "West Zone." (See previous map for location.) |
|
The "East Zone" was shown to contain 2.9 million tonnes including 1.01% copper, 0.75% nickel and 1.18 g/t platinum group metals. The zone has now been traced over a strike length of 19 kilometers through a combination of surface prospecting, UTEM geophysics and drilling. |
|
The deposits in this area have the potential to exceed + 100 million tonnes. In a recent report for Wyn Developments, completed by the Company's independent geologist, N.C. Carter, Ph.D., P.Eng., it was recommended that the "Causeway Zone"(Claim Block JR 3) warrants priority status for additional exploratory work during 2004. |
|
The first phase of the Company's program consists of a UTEM geophysical survey over 20 kilometers of grid centered on the adjacent Starfield Resources property, which is known to contain sulphide mineralization, and has been completed. |
|
The Territory of Nunavut is one of the last remaining unexplored areas in North America for mining exploration and it has the full support of a pro-mining government. This government has recently completed a mineral assessment inventory in the form of the region's first comprehensive geologic survey, and has also initiated an ongoing program for improvements in the Territory's infrastructure. |
|
Wyn's properties are serviced with nearby, regular daily jet service, as well as access by ocean-going vessels at Rankin Inlet during the summer months. The Ferguson West Property can be serviced year round by fixed wing aircraft and in the winter by cat train. |
|
STARFIELD RESOURCES PARTNERSHIP |
|
Partnership with Starfield Resources |
|
Wyn Developments (WL-TSXV) has teamed up with fellow junior Starfield Resources (SRU-TSXV) to explore 10,451 hectares surrounding Starfield’s wholly-owned Ferguson Lake nickel-copper-platinum-palladium deposit in Canada’s high north. The region has a long history of exploration activity with exploration by Inco dating back to the 1960’s. In the 1980’s it was the turn of Homestake, now part of Barrick Gold, to take a kick at the cat by spending C$1 million on the Ferguson Lake property. |
|
Starfield entered the scene back in 1997 and is a true believer that the economics of the area lay just around the corner. The junior has spent over C$30 million outlining a mineral resource of 28.5 million tonnes grading 1.17% copper, .73% nickel and 1.71 grams platinum group metals per tonne in the West zone alone. The East zone contains another 2.9 million tonnes grading 1.01% copper, 0.75% nickel and 1.18 grams platinum group metals per tonne. Lucrative grades with lucrative tonnes in the right location but Ferguson Lake is remote so either big grades and big tonnage or very high metal prices are required to make it a mine. |
|
For its part, Wyn is banking on the possibility that some of this mineralization extends onto the joint venture ground. The new partners will run a UTEM geophysical survey over 20 kilometres of grid centered on the adjacent Starfield’s property, which is known to contain sulphide mineralization. Of particular interest is in the eastern claim area where the Causeway zone hosts several massive sulphide and stringers zones containing nickel-copper-platinum-palladium mineralization. A drill rig has completed drill holes on the eastern part of the joint venture property. |
|
Sticking with a similar theme, Wyn also acquired the right to earn a 100 per cent interest in 700 mineral units covering what is potentially the southern extension of the geology that hosted the Blackdome Mine, which produced 233,252 ounces of gold and 827,019 ounces of silver in the 1980s-1990s. Dubbed the Blustery Mountain, the British Columbia property hosts epithermal style mineralization at surface with value returning up to 1.35 g/t gold. And for those enamoured by the high nickel prices, the company has the rights to acquire the Hearne Channel property in Canada’s Northwest Territories, where mineralization was first discover ed in the 1940’s. |
|
This property hosts high-grade nickel with samples yielding up to 37 % nickel and 1.01% cobalt. Needless to say these are eye brow raising values and it is safe to assume that it was they which attracted the French investors. Mineralization to date is limited to a series of pods measuring 2 metres wide and 50 metres long on surface and several geophysical targets have been defined and need to be followed-up. |
|
GLOSSARY |
|
Alteration halo: |
|
the change in mineral assemblage (individual minerals) by the introduction and removal of elements which by this process creates new minerals; epithermal waters are the normal medium for this ion exchange. |
|
Clay alteration: |
|
a loosely defined group of hydrous silicate minerals (clays) that form above and around epithermal deposits by the introduction and removal of elements of an original mineral, thereby creating a new mineral; these minerals clays are classified as an alteration signature associated with epithermal deposit. |
|
Diamond Drilling: |
|
a variety of rotary drilling in which diamond impregnated bits are used as the rock cutting tool; this method of drilling recovers a continuous cylinder of rock from surface to the bottom of the hole; this rock is then analyzed for its economic mineral content. |
|
Elements: |
|
palladium, metal base sulfide, bismuth, tellurium, gold, silver |
|
Epithermal: |
|
said of a hydrothermal mineral deposit formed within about 1 kilometer of the earth’s surface and the temperature range of the waters between 50 degree Celsius to 200 degree Celsius; occurs mainly as veins. |
|
Epithermal water: |
|
hot waters that percolate through the earth, temperature is between 50 degree Celsius to 200 degree Celsius; these waters create epithermal gold silver deposits and are the transportation medium for these deposits and the alternation halos that surround them. |
|
Geophysical Anomaly |
|
The resulting data from a geophysical exploration survey that shows an abnormality in relation to the expected results. This abnormality could potentially reflect anomalous concentrated of metals. The target a geologist is looking for. |
|
Geophysical Exploration |
|
The use of geophysical techniques- electric gravity, magnetic, scismic or thermal in the search for economically valuable hydrocarbons, mineral deposits, or water supplies. |
|
Gold & Silver Silt Anomalies: |
|
after analysis by an analytical lab, the results reflect a higher concentration of gold and silver in one specific sample than all other samples collected. |
|
Induced Polarization: |
|
an electrical geophysical technique in which an electrical currents is induced into the ground to investigate subsurface rock units; two types of information is reported: |
|
resistivity: the higher the value of the resistive nature of the rock to prevent the electrical current to pass through represents higher quartz content.
|
|
conductivity: this represents the ability of the rock unit to hold the electrical charge; example: non-touching metallic minerals have a high conductivity which assists the geologist locate where the metallic minerals are located.
|
|
Intersections: |
|
as the word implies and intersection between two fault structures, also a drill hole can intersect a quartz vein etc. |
|
Massive Sulfide Deposit: |
|
any mass of unusually abundant metallic minerals that are more or less homogeneous in texture lacking any crystal structure. |
|
Nickel Sulfide: |
|
a metallic mineral that is formed by a combination of nickel and sulfur (and most tins ion); these nickel sulfides are for the most part the primary minerals mined for nickel. |
|
Overlying and peripheral |
|
Overlying: as the word implies something, whether it be a rock unit or an alteration halo that lies overtop of another rock unit. |
|
Peripheral: a term that physically locates a rock unit or alteration halo that is found adjacent or beside something else. |
|
Quartz veinlets: |
|
are small quartz veins that are formed in small open spaces such as fractures that represent silica rich waters percolating through these fractures and precipitate quartz (5.0) no such thing. |
|
Regional geochemical surveys: |
|
are geochemical surveys in which silt from creek drainages are collected and analyzed for economic elements such as copper, nickel, gold and silver, etc. On a regional scale 1 sample is taken every 5 km and will represent the rocks within the 5 km as silt is the crosional remnants of the rocks at surface. Any rocks that contain economic concentrations of copper, nickel, gold etc will be reflected in the results from the analytical lab. This helps geologists focus on an area for more detailed investigation. |
|
MANANGEMENT & DIRECTORS |
|
Daniel Kesonen, President & Director |
|
Ron Jorgenson, CFO & Director |
|
Dave McMillan, Director |
|
Robert Krause, Director |
|
John Brydle, Secretary |
|
Legal Counsel: Morton & Company |
|
IPOdesktop (ID) SAFE HARBOR STATEMENT: Statements contained in this document, including those pertaining to estimates and related plans, potential mergers and acquisitions, estimates, growth, establishing new markets, expansion into new markets and related plans other than statements of historical fact, are forward-looking statements subject to a number of uncertainties that could cause actual results to differ materially from statements made. ID provides no assurance as to the subject company's plans or ability to effect any planned and/or proposed actions. ID has no first-hand knowledge of management and therefore cannot comment on its capabilities, intent, resources, nor experience and makes no attempt to do so. Statistical information, dollar amounts, and market size data was provided by the subject company or its agent and related sources believed by ID to be reliable, but ID provides no assurance, and none is given, as to the accuracy and completeness of this information.
|
|
DISCLAIMER: The information, opinions and analysis contained herein are based on sources believed to be reliable but no representation, expressed or implied, is made as to its accuracy, completeness or correctness. Past performance is no guarantee of future results. This report is a paid advertisement and is for information purposes only and should not be used as the basis for any investment decision. ID has been compensated one thousand five hundred dollars from Gary Reid for preparation and posting of this report, radio interview, and other advertising services. This constitutes a conflict of interest as to ID’s ability to remain objective in its communication regarding the subject company. Analysts, principals, associates and employees of ID do not own or trade equities under coverage. For detailed disclosure as required by Rule 17b of the Securities Act of 1933/1934 contact IPOdesktop, 11693 San Vicente Blvd., #350, Los Angeles, CA 90049. ID is not an investment advisor and this report is not investment advice. This information is neither a solicitation to buy nor an offer to sell securities but is a paid advertisement. Information contained herein contains forward-looking statements and is subject to significant risks and uncertainties, which will affect the results. The opinions contained herein reflect our current judgment and are subject to change without notice. We encourage our readers to invest carefully and read the investor information available at the web sites of the U.S. Securities and Exchange Commission (SEC) at http://www.sec.gov and the National Association of Securities Dealers (NASD) at http://www.nasd.com. The NASD has published information on how to invest carefully at its web site. Readers can review all public filings by companies at the SEC's EDGAR page. |