The company has been around in some form since 2006 and used to be known as Osprey Ventures (not to be confused with a similarly named firm in California). The name doesn't seem to matter because this company hasn't made much progress toward profitability. Companies like All American Gold are a useful vehicle for the principals to use as perpetual capital raising vehicles. Their usefulness to shareholders is open to question. Note that they terminated exploration of a property in China due to high costs. That can happen to non-geologists who go exploring outside their home countries. Note the last line on this summary page from their most recent 10-Q, where they acknowledge that they have no ores or reserves at this time on any of their properties. That can happen to companies that keep raising capital to explore poor properties. Strike two.
The front cover of Michael Williams' teaser brochure says it has a $7.95 value. That's cute, because AAGC is only worth about six cents right now. Ask yourself if you'd really pay almost eight bucks for pump letter on a stock worth almost nothing. Then ask yourself how much money you would have lost if you had bought AAGC when this teaser came out in Oct. 2011, when it traded between $0.15 and $0.30. Strike three.
Full disclosure: No position in AAGC, ever.