Southridge Enterprises Inc (SRGE)

[tob999]

Yep agreed irrefutable imo! I been checking out the history befind Cinco Minas and the previous owner Bandera's scam operations and why they lost out the concession and surface rights to Southridge (SRGE). Found a post by Petelongs from Oct 2011 that is very informative:

In response to your comments, the price of the SRGE stock is irrelevant at this very point and time. In fact it is a great time to BUY since it is so cheap and affordable for anyone wanting invest in gold mining penny stocks. Southridge Enterprises Inc. owns and operates the Cinco Minas mine in Mexico and there is nothing you can say that will change that. I can understand why you might be confused, it is a somewhat complicated chain of events so hopefully you can follow. Step1, In early March 2009, Alejandro De Leon sold Cinco Minas concession titles to Omar Alejandro Flores Madrigal. Alejandro De Leon's name is currently on titles of the Cinco Minas properties. This can be verified by going to the Mexican Mining Registry and doing a search on titles.Step2, On March 27, 2009, Southridge entered into a Mineral Exploration Agreement with Omar Alejandro Flores Madrigal/Comercalizadora, Servicios Y Distribuidora Track, S.A. DE C.V. for a 100% interest in the Cinco Minas and Gran Cabrera Gold properties and mineral concessions in Mexico for a total purchase price of $7,500,000 USD. This and more detailed information was disclosed in Financial Statements that conform with U.S. GAAP, filed on the OTC Markets/Pink Sheets. Step3, In Mexico, a purchase such as this one takes place in front of a Notary Public (NOTARIO). The Notary verifies that there is no liens/encumbrances/lawsuits against the title and once clear proceeds to complete the transaction. This is similar to a Notary in Canada acting as an Escrow done in almost every Real Estate transaction. For the record this Purchase Agreement took place during a period were there was absolutely no liens or lawsuits against these titles making it a totally legal transaction in Mexico. Now that we are clear on that point and know that Southridge has legal title of the Cinco Minas titles we can move to who has access to the Cinco Minas property. Initially Bandera's JV partner Minera San Jorge S.A. de C.V. (MSJ)/George Barnett Salazar/George Salazar Barnett claimed he had a Surface Rights agreement, however this has been proven a fraudulant document, void and no longer valid. After the purchase agreement for Cinco Minas was completed, Southridge signed a Surface Rights contract with the Ejidatarios of Cinco Minas. Anyone with a computer and access to the internet can visit the SRGE website and see that Southridge is the current operator at Cinco Minas.