Gold & Silver Mining Exploration Company

PERCEIVED COMPANY WEAKNESSES

The Company’s Management has laid out a basic “bullet point” format of our perceived weaknesses as at December 5, 2011, as follows:


  • “STOP” annotation upon the Company at the OTC Markets at present. This will be removed within five business days to that of “CURRENT INFORMATION”.
  • Company trading on OTC Markets at present.
  • Illiquid Stock
  • No Chief Financial Officer has been appointed.
  • Three Independent Non-Executive Directors to be appointed.
  • Audit Committee must be established.
  • Remuneration Committee must be established.
  • Corporate Governance Committee must be established.
  • Independent Advisory Committee needs to appoint an additional three members.
  • The Year End Audit ending September 30, 2011 has not yet been completed.
  • The Company is not as yet, “Fully Reporting”, with the SEC.
  • The Company is not yet “DWAC Eligible” with the DTCC at present meaning its stockholders are reliant upon physical stock certificates.
  • The Company has not yet applied for “Blue Sky” exemption with all States in Recognized Securities Manuals.
  • The Company’s “Free Float” of shares of its Common Stock is unacceptably low at this time with less than 4,600,000 shares of our Common Stock in either “Street Name” or in the DTCC.
  • Company has only ten Market Makers in its Stock at this time, this must be increased immediately to no less than thirty Market Makers in order to ensure an orderly and liquid market in the Company’s shares of Common Stock.
  • Stockholder base is negligible and needs to be very substantially expanded.

Your Company’s Management having recognized these perceived weaknesses will be working tirelessly to address and to resolve each of these issues and all other issues as they arise from time to time.


These opinions expressed on this page are those of the Company’s Directors. Please refer to our “Risk Factors, Disclaimers and Cautionary Statement”, by clicking here: