Received September 18, 2017
Please share the following with people who received or sent around the material making accusations against Global Gold and me emanating from Bill Mavridis. They in turn should share the facts with whoever else they spread the material to.
It has been found to be defamatory. That is a matter of public record in SEC filings and several places on the internet (ICDR Final Award PDF) so there is no basis for claiming innocent transmissions. He was ordered to take down what he has up and not to continue, but has evaded jurisdiction.
The technical person who they cite to refute our Armenia and international independent expert is Sergo Cusiani who is not a geologist, was not hired by Global Gold, is a virulent anti-Armenian racist and his bogus publications on our property are a product of that and the interests of whoever paid him, not anything scientific.
Last week's Mavridis recurrence was tied to his partner's litigation against us in the Isle of Jersey, where his partner was telling the court to check the internet for information about Global Gold and us. I am happy to report we won that case as well, and now they have to pay our attorney fees.
Mavridis and his company owe us over $14 million and his partner/associate with whom we have been litigating in Jersey owes us over $40 million; he is next on our agenda. Both he and Mavridis are the ones truly tied to corrupt officials.
Thanks, and in the future any of the people who contacted you can also contact me directly. I am happy to answer any concerns.
Talk to you later,
Van
I note that Van Z. Krikorian (VZK) fired off an email as an attempt of some form of deflection of the facts and my claims that VZK is engaged in fraud in relation to disclosures to the Toukhmanuk Gold project in Armenia and GBGD's SEC filings. Mr. VZK claims that my claims have been found to be "defamatory". By who? VZK?
With respect to the accusation that Mr. Cusiani is a "virulent anti-Armenian racist" — this is not shocking. Van resorts to attacking people publicly when he is caught in a lie (the Cafesjian fiasco comes to mind).
Mr. Cusiani is an engineer who operates a consulting firm Geo-Logaritmica in the Republic of Georgia. He was hired by Mr. Janiko Kaplanishvili of Linne Mining. The result of his analysis of the GBGD data resulted in Linne Mining abandoning the project.
These reports are not a product designed to attack Armenia, GBGD, or Van Krikorian. Linne Mining is owed approximately USD$5.8 million and is suing GBGD's subsidiary in Armenia for USD$35 million.
As the Co-chair of the Armenian Assembly of America Board of Trustees, Mr. Van Z. Krikorian has resorted to publicly defaming a simple engineer for doing simple engineering analysis on a flawed project. Since when does the leadership of the AAA act so recklessly?
Mr. Krikorian cannot deflect the facts of the Geo-Logaritmica reports. These reports are a smoking gun and Van knows it.
Please note that VZK has welcomed anyone to contact him directly: "…in the future any of the people who contacted you can also contact me directly. I am happy to answer any concerns."
Not to let such a great opportunity go unchallenged, I welcome you to ask the following questions to VZK:
The facts show that the gold grades produced by GBGD and signed off by its President, CEO, Director and Legal Counsel, Mr. Van Krikorian, have been manipulated/fake/fraudulent.
The data showed the analysis of core samples and pulps from the Toukhmanuk project did not correlate with GBGD published results.
Mr. VZK cannot claim he knows nothing about the CSA data. Here is an email from him:
We have been informed that funds to cover the ABB loan payment due from Consolidated did not make it to Armenia in time to make the loan payment today, resulting in an event of default. We have no confirmation that any of the other funds due from Consolidated have been transmitted either, which means we will have to figure out a way for Consolidated to cure its breaches and waive the breaches in order to close.
A little while ago I received the attached email from Joe Borkowski, with the following message: "You asked for a CSA update. Well here's your update Van."
In item #10 below the following is and continues to be requested: "please provide us with all the emails with CSA; CSA will also need to be instructed that it should be transparent and responsive to Global."
The fact that CSA was not in communication with Global and coincidentally produced what appears to be a negative report today only increases the importance of delivery of those emails and the need for transparency.
A material fact — where VZK was told the project was essentially a fraud and Linne was walking away — was never disclosed in Press Releases or SEC filings. Van Krikorian fraudulently omits facts that make a statement misleading in his 10-K SEC filings.
GBGD and VZK have failed to disclose this request because it would indicate that the Toukhmanuk Project is a fraud.
"On July 5, 2013, GGCRL and the Company entered a financing and mine contractor agreement with Linne Mining and associated parties to mine the central section of Toukhmanuk. Equipment for a major plant expansion was purchased and delivered in 2014. Linne failed to perform and ultimately abandoned the mine operation in 2015 prior to completing the new plant or complying with its obligations to mine under the relevant agreements. While Linne procured and began assembling a new processing plant at Toukhmanuk, it abandoned completing the work as well as mining in accordance with relevant agreements and approved plans. Linne asked to be relieved of its responsibilities but terms for accommodating that request have not been agreed to and Linne continues to be responsible. The Company's requests for substantiation of expenses and disbursements from Linne have been refused through the end of 2016, despite repeated requests to Linne and its counsel."
Please distribute this to anyone that VZK has communicated with and as always I welcome any of you to call me for more information or clarification.