Southridge Enterprises Inc (SRGE)

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Alex Smid = Michael Davies

When Michael Davies first announced a share buyback in November of 2011 it wasn't the first time that SRGE announced a share buyback. Back in 2006 Alex Smid announced a share buyback for the SRGE shell (then known as SORD).

For those that still doubt that Michael Davies is not just an alter ego for Alex Smid let's compare the quotes from the 2 press releases.

Here is the November 2011 press release issued by Alex Smid's alter ego (Michael Davies):

http://www.marketwire.com/press-release/southridge-minerals-announces-stock-buyback-for-up-to-22-million-pinksheets-srge-1583776.htm

DALLAS, TX--(Marketwire -11/08/11)- Southridge Minerals, Inc. (Pinksheets: SRGE.PK - News) ("Southridge" or the "Company") is pleased to announce its Board of Directors has approved a stock repurchase plan. The repurchase of up to $2,200,000 of the Company's common stock was authorized.

Michael Davies, the Company's President, commented, "We are very pleased to announce this Stock Buyback program and believe it benefits shareholders at a time when our stock is undervalued. The Buyback program is intended to increase future earnings per share by reducing the number of shares outstanding and allow our share price to more accurately represent the quality and profit potential of our assets and operations to the investment community. Our shareholders have and continue to be our most important asset and rewarding them is a high priority.

"We have been dismayed by the sharp decline in our share price over the past two quarters. It is our opinion that the Company's share price has become significantly undervalued and we believe buying back the Company's shares, at the current price level, represents an exceptional investment opportunity."

Acquisitions of stock under the repurchase plan will be made from time to time as permitted by securities laws and other legal requirements, and subject to market conditions and other factors. Purchases will be funded by the company taking on equity or debt financing. Plan will continue as long as periodic management reviews it to be fiscally feasible and may be discontinued at any time.

Now read the quote by Alex Smid in 2006:

http://powerplants.einnews.com/pr_news/56324417/southridge-announces-stock-repurchase-plan-for-up-to-5-million

DALLAS--Southridge Enterprises, Inc. (OTCBB:SORD) (the "Company") today announced that its Board of Directors has approved a stock repurchase plan. The repurchase of up to $5,000,000 of the Company's common stock was authorized.

Commenting, Alex Smid, the Company's President said, "We are very pleased to announce this repurchase program and believe it benefits shareholders at a time when we believe the stock is undervalued and increasing future earnings per share by reducing the number of shares outstanding. This program reflects the Board of Directors' continued confidence in the Company and commitment to enhance shareholder value. Our shareholders have and continue to be our most important asset and rewarding them is a high priority.

"We have been astounded by the sharp decline in our share price over the past year. The entire ethanol sector has traded down during the period. Nevertheless, we believe Southridge's share price has become significantly undervalued. That view is based on our assessment of the ethanol market over the next few years and its foreseeable recovery as ethanol margins return and supply & demand get back in balance. Accordingly, we believe repurchasing shares at these prices represents an exceptional investment opportunity."

Acquisitions of stock under the repurchase plan will be made from time to time as permitted by securities laws and corporate legal requirements and subject to market conditions and other factors. Share purchases will be funded by the Company's cash and through debt financing. The repurchase plan will continue as long as periodic management reviews deem it to be fiscally feasible and the plan may be discontinued at any time.

That is almost word for word the same exact quote being made by both Alex Smid and his alter ego, Michael Davies.

Is there still any doubt who is really behind the SRGE scam? Especially after reading this link

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=80543200

Who is Alex Smid

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=80519538

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