Zwar schon 2 Wochen alt, aber dennoch interessant:
Gefunden auf deren HP
Great West Gold - Filing of Lawsuit
Company believes that certain Internet Posters are
Engaged in Illegal Trading Activities & Stock
Manipulation Schemes
New York, New York, October 5, 2005. Great West Gold, Inc. (OTC BB : GWGO)
announced today that the Company is considering filing a lawsuit containing
claims for defamation and unfair business practices against a number of
anonymous "John Doe" defendants, their pseudonyms being well known to the
Company and its investigators, alleging that these defendants have distributed
false, fraudulent and misleading misinformation on Internet message boards in an
effort to damage Great West Gold Inc’s business and its shareholders, and to
drive down the value of its stock in order to reap profits for themselves.
The Company to Aggressively Seek Damages and Injunctive Relief to Ban Posters
from Distributing False, Fraudulent and Misleading Information Designed to
Damage the Company, its Shareholders and the price of its Stock.
The company has for a period of time being monitoring the postings by these
individuals and is at this time gathering evidence that these posters have
engaged in unlawful activities and is seeking monetary and punitive damages
from these individuals and/or firms who have engaged in deliberate
misinformation campaigns designed to drive down the price of the company's
stock in an apparent attempt to capture illegal gains from short sales.
The fraudulent and misleading information distributed by these defendants has
been posted on widely visited financial Internet message boards including Yahoo!
Finance, Raging Bull and others. The information has included, but is not limited
to, fraudulent statements about the financial condition and business activities of
the company, erroneous information about the company's products, partners and
customers, and personal attacks against the company's management, board of
directors and employees. The lawsuit is designed to stop these individuals and/or
firms from continuing these illegal activities as well as to seek the full measure of
damages and other remedies permitted by law.
"While Great West Gold, Inc. fully respects individuals' right to free speech, we
will not tolerate deliberate misinformation campaigns that disseminate false and
fraudulent statements that damage the company, our shareholders and the value
of our stock," said Richard Axtell, the Chairman of Great West Gold, Inc.
The Company’s investigations to date have in respect of improper trading
activities has uncovered solid evidence of fraudulent and defamatory information
being posted on various Internet sites. While we support the use of the Internet
to discuss the company and its progress, we believe it is now appropriate to
aggressively pursue all available regulatory and legal remedies against those
engaging in these illegal schemes. Our goal is to do everything we can to put a
stop to these illegal activities and seek maximum damages for the benefit of the
Company and its shareholders."
"As the company remains focused on the restructuring of the business, our
Management and legal team will continue to closely monitor the online message
boards, and we will remain extremely vigilant in our efforts to uncover and take
action against any individuals or firms engaged in these illegal activities,"
This announcement is neither an offer to sell nor a solicitation of an offer to buy
any
of these securities.
About Great West Gold, Inc. :-
Great West Gold, Inc. (www.greatwestgold.com) is a gold exploration company
that has acquired certain rights to mine for minerals, primarily gold, in Arizona.
Statements contained in this press release, which are not historical facts, are
forward-looking statements as that term is defined in the Private Securities
Litigation Reform Act of 1995. These forward-looking statements are based
largely on the Company's expectations and are subject to a number of risks and
uncertainties beyond the Company's control, including but not limited to
economic, competitive and other factors affecting the Company's operations,
management team effectiveness, expansion strategies, available financing,
market prices and recovery costs, government regulations involving the
Company, facts and events not known at the time of this release, and other
factors discussed in the Company's filings with the Securities and Exchange
Commission. These statements are not guarantees of future performance and
readers are cautioned not to place undue reliance on these forward-looking
statements, which speak only as of the date of this release. The Company
undertakes no obligation to update publicly any forward-looking statements.
SOURCE: Great West Gold, Inc.
Contact : investor@greatwestgold.com
