Prospector
Profile
07.1208
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| Pinnacle Resources, Inc. |
NAICS |
212000 |
| 9600 E. Arapahoe Road, Suite 260
Englewood, CO 80112 |
Description |
Mining |
| (303) 705-8600 |
Employees |
2 |
| http://www.pnrr.net/ |
Revenue |
(mil) |
0.0000 |
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Income |
(mil) |
-0.7810 |
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Assets |
(mil) |
0.7400 |
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Liability |
(mil) |
0.7560 |
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(for the year ended 2005-06-30) |
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Category:
Audit Concerns
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Event:
Cordovano & Honeck LLP expressed doubts on the ability of Pinnacle Resources, Inc. to continue as a going concern due to the Company's significant operating losses.
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Intellectual Property:
In March 2002, Pinnacle entered in to a 50/50 joint venture with Ocean Options Pty Ltd. of South Africa to form Diamonaire Pty Ltd., which was formed to hold the patents and designs for the AquaWalker, a walking platform that walks into the ocean and performs the recovery of diamondiferous gravels from the ocean floor. This technology enables the company to mine certain offshore deposits that were previously inaccessible by conventional methods, i.e. boat and diver operations or beach operations. [SEC Filing 10-KSB 08-02-07]
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Description:
Pinnacle Resources is an international natural resources company that specializes in emerging mining and mineral development projects.
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Officers:
Glen R. Gamble (Pres., CEO & Dir.); Robert A. Hildebrand (VP, Sec., Treas. & Dir.)
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Auditor:
Cordovano & Honeck LLP
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Securities:
Common Stock-Symbol PNRR.PK; Other OTC;
18,185,050 common shares outstanding as of June 30, 2005.
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