Goff Corp (OTC:GOFF) Blow Their Own Horn

In my previous article on Goff Corp (OTC:GOFF) I pointed out that the grand plans of GOFF would require substantial amounts of money, which they simply don’t have.

The insufficient capital doesn’t prevent GOFF from trying to blow their own horn. After closing up another 5.29% at $0.418 per share, GOFF issued another press release, which once again contains no significant information.

The press release is obviously trying to push the idea that GOFF has a bright future ahead. To quote Warwick Calasse, President, CEO, CFO and Director of GOFF, “time is right for gold in Colombia.”

Mr. Calasse may very well be right about gold in Colombia. However, trying to imply that buying GOFF shares is investing in gold is misleading. Let’s look at another thing Mr. Calasse said: “The ingredients for success include having the right projects in the right regions and capital to make them happen.”

That may sound about right, but let’s examine which of those GOFF have. The company tentatively holds an option to acquire a 100% interest in the “La Frontera” concession, and to exercise the option GOFF will need to pay and invest more money they don’t have.

Additionally, it’s not clear what reserves, if any, can be mined, or whether it would be economically viable. Last, but perhaps most notable – GOFF has virtually no capital to pursue it’s supposed business plan.

Such details won’t stop the pumpers from claiming GOFF can go to $2 per share and above. Both the Awesome Penny Stocks (APS) group and the Victory Mark outfit continue to draw inadequate parallels between GOFF and proven gold mining companies.

It looks like GOFF maybe following the pattern of previous APS pump jobs like Swingplane Ventures, Inc. (OTC:SWVI) and World Moto, Inc. (OTC:FARE). It has already out-lasted most Victory Mark pumps. Still, there is no telling how far it can go and when it will crash.