For starters, as everyone by now knows, the mine no longer belongs to SIRG, so the "Plan for Restructuring" (even if it were at one point legit .... which it probably wasn't) is down the toilet.
But even imagining that it is still effective (which it is clearly not), nowhere does it say that SIRG would get revenue from the mine. And absolutely nowhere is there any reference to a merger between SIRG and Orot.
It only held out the prospect of , in return for the sale of the mine by SIRG to Orot, $100k up front, $1M over 2 years, a fee for assisting in the reboot of the mine, and the possibility (undefined) of earning back a 5% interest in the mine. Pretty thin gruel for SIRG shareholders. And of course even that won't happen because, once again, SIRG doesn't own the mine.
SIRG: no mine, huge debt, management MIA and in bed with crooks. Good luck to all honest players.
