Thursday, January 18, 2018

GAME OVER: Van Krikorian and Global Gold Corp.

It's time to say goodbye to Global Gold Corp (pink: GBGD) and its sketchy President, Van Krikorian.

After years of defrauding employees and suppliers in the Republic of Armenia out of hundreds of thousands of dollars, swindling joint venture partners out of over US$12MM, and partially embezzling and money laundering these proceeds, its time to say goodbye to Global Gold Corp (pink: GBGD) and its President, CEO, Chairman, Director and Corporate Counsel, Van Krikorian.

On December 4, 2017, GBGD through the fraudulent actions of its President, Mr. Van Krikorian along with the complicit support of its Board of Directors, transferred all of GBGD's assets and claims to its officers and directors, consolidated its shares 251:1, ceased becoming a reporting issuer, and went dark, leaving behind US$20,917,023 in liabilities, broken promises. dreams and a trail of fraud.

I am sure that this tale is not over.  With the assets of GBGD in the hands of Van Krikorian and his accomplices, they may try to scam more people with their questionable Armenian mining assets. They may attempt to sell these assets to unsuspecting investors or unscrupulous stock promoters to make a few more bucks.  But for now:

Van Krikorian

The SEC did not get you for your fraudulent actions (yet),
but the Russians you scammed money from might be more successful.

Saturday, November 4, 2017


Global Gold Corp (PINK:GBGD) is $20,917,023 in debt, so what does Mr. Van Krikorian, the President, CEO and Director of the Company do? He conspires with his fellow directors and officers of the company to reclassify $6,463,255 of that debt, which is owed to them, as secured promissory notes, to the detriment of its other creditors and secured creditors.

Van Krikorian announced on November 1, 2017, in the company's June 30, 2017, 10-Q report, that these secured promissory notes were issued on July 1, 2017, and interest and principal were due on September 1, 2017. What was the security granted to Mssrs Van Krikorian, Drury Gallagher, Ian Hague, Nicholas AynilianLester Ceasar and Jan Dulman? Everything. And now these newly issued secured promissory notes are in DEFAULT.

These officers and directors have been involved with the Company almost from the beginning where the stock climbed to a high of $3.80 in May 2006 and now rests on its deathbed at $0.015.

The strange thing about this transaction is that the assets of the Company were previously pledged to CRA on $2.2 million in Secured Fixed Rate Convertible Notes issued in 2012 and guaranteed by GBGD. But scorpions are scorpions and GBGD declared the $7 million in equity investment and loans that GBGD received from CRA for its Toukhamnuk Gold Mine as a fraud, kicked CRA out and signed a new deal with Linne Mining and Industrial Minerals in 2013.

After defrauding Linne Mining and Industrial Mineral out of $5,956,028 Linne is now suing GBGD's subsidiary in bankruptcy court in Armenia for USD$39 million.

In response to all these debts and bankruptcy threats, Mr. Van Krikorian conspired with his fellow officers and directors to secure all the assets of the Company in their personal names and take all the benefits for themselves, while leaving behind an empty shell of broken dreams, promises and debt.