Mr. Nastat has been, or is currently, holding key positions in a number of other companies from the oil&gas and mining industry. Unfortunately, some of that companies either do not exist anymore, or are in the same desperate financial state as one of his latest challenge RZOR. Still, along with the new President, RZOR got also a paid promotional campaign recently, which brought new life to going down price of the stock.
Yesterday, RZOR was surging up again and closed at $0.395 with a 41.07% price increase, again with a large jump in the trading volume. As the campaign has been running for a while, and as yesterday afternoon’s story about the high-grade gold in the old Clavo Rico mine is also an old one, investors should probably not be too optimistic about another jump above the half a dollar level on the new alerts sent out yesterday evening.
The future of the currently cash-free Razor Resources, Inc. might still be promising, in the end the company has recently invested 35.5 million shares of its own common stock, with the proud valuation of $17.75 million, to acquire the above mentioned mine in Honduras. But looking at who is now leading the company towards that future, one should not be so sure.
Mr. Bassam Nastat is now also the President of Gulf Western Petroleum Corp., holding that position since 2006 and is also promising millions of revenues from some drilling wells. In fact, it is a company marked with the red STOP shield on the OTC Markets page, with no current information, no reported revenues ever and heavily indebted according to the most recent available data.
Among one of his former project was also Soho Resources Corp., where he also served as a President up to Jan 2004, a company holding now the even worse “GREY MARKET” mark. And finally, to Mr. Nastat’s new and future engagement: Star Gold Corp. (OTC:SRGZ), where he joined the Board of Directors a while ago. As by a coincidence, SRGZ also glimmered last October as a new gold play in the trading alerts of some stock promoters Since then, its share price has dropped down from 80 cents per share in the middle of October to 25 cents up to yesterday.
