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Yup,a shell with debt... Going nowhere fast...
NB
Yup, nevermind that bid and ask on Ihub. We are on the Grey's never to return.
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No fat lady singing, still got a shell play.
MM s who sold naked on the run covering from those who want to take a loss. They make money on that trade person selling takes the loss. For some one who makes money on that run someone losses. Those who held lose. It's all a game. Those who learn it win.
Like to know who purchased 4 Mil, so I could ask them why??
Well according to etrade we are on the Grey's...
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4,125,000 traded, how does that happen???
The judge gave them until Friday, but as of today there is still no SEC decision.
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Rickjc, I think so too, but since I can't sell any stock at this point I need to see if anything changes...
Almost 3 years without filing a report. Why would that be? This thing was dead prior to last year's pump!
https://www.sec.gov/litigation/admin/2016/34-78973.pdf
Nothing today, maybe they will post something Monday...
Wucher, nice work. You are right sending in a complaint years ago did not do anything, I hope you are right and some justice will be delivered...
I've been checking all day in the Administrative Proceedings and did not see any info on SIRG. Have you found anything?
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Hope they get what they deserve, and then some!
Just playing catch-up here. I must say that I am totally thrilled to hear that the SEC is moving on Sierra. This is confirmation for me that it was anything but a waste of time to have formally submitted complaints about this company. So, once again, bravo to all of us who did!
I am also encouraged that there appears to be nothing perfunctory about the process underway. The first challenge for the SEC may be to get a hold of Tim and Bart ... but they will. If you would like to be a fly on the wall during the pre-hearing conference call, you can be. Call the amazingly helpful lady in the Judges' Offices at 202 551 6030, just another wonderful public servant who understands the importance of transparency and accountability. She will take your email address and keep you posted on schedule changes, and, when the call is arranged, she will provide you with a call-in code.
My optimistic view is that the SEC may be looking at far more than whether or not to permanently shut the doors at SIRG. Good time not to be Tim or Bart .... but we'll see.
The nice lady is expecting your call.
Yes, but without any luck ... so far.
I read they'rr also referred to as Maylink
THX, I have not found anything on May Lion Inc, have you tried???
Super! And if I trip across anything interesting, I will let you know.
Well, they only lost 80% of the mine if you read history, so the other 20% is still technically owned by SIRG unless they fail to pay $4.5 million to Medina by 2018, read the history. But yes we shalt tally ho even if its down the rabbit hole since we have nothing to lose that is not already lost...THX...
I am agnostic, but highly doubtful, that SIRG owns any asset or any part of any asset. Similarly, the chances that the transaction which you have found has anything to do with SIRG seem to me to be extremely remote..... but I think we are already on the same page there.
Don't know what to make of it, but it is interesting that the property transfer from Sunburst to May Lion was by way of a "default judgement". My layman's understanding of that term (which could be seriously wrong) is that the two parties were in some dispute and that the court awarded the property to the May Lion because of some failure on the part of Sunburst (like maybe they did not show up for a scheduled hearing, or something of that nature). Also interesting that Sunburst divested itself of 8 other mining properties in grants to other entities in that same month.
Strongly suspect that, for us SIRG watchers, this is just a rabbit hole, but hey .... tallyho!
Not sure and maybe nothing, but with some moves being made to a new owner and with SIRG still owning part and the SEC release noting that talks are going on it is interesting. The odds are that we are very screwed, but until all is in I am still a tiny bit hopeful...
Just wondering what SIRG has to offer. Anybody left in SIRG management who possesses right skill sets to be of use, like supposedly they would have been to Orotecno?
SIRG only owned 80% of the mine and if you read all the history that is what they lost in bankruptcy, Medina just before bankruptcy sold the remaining 20% to SIRG on an option basis for $4.5 million to be paid by 2018. The deed for that 20% was never handed over to SIRG since they did not pay the money and no transaction is recorded where Medina passes the deed to anyone else. All this is recorded in q's they reported. Now, I am not sure what happened and what the status of all this crap is today, however, somebody is taking to somebody and the transaction I mentioned yesterday happened at the end of Sept, 2016????
I was still wondering about that as well. Wish could verify
If I remember correctly SIRG still owns 20% of the parcels which was bought from Medina, I also think the plant is on the SIRG property, never know...
Not sure how this would involve SIRG? No advantage for SIRG shareholders.
Did checking of land transactions in Kingman Arizona location of the SIRG property, found the following transaction...
9/28/2016 Grantor Sunburst Minerals LLC to May Lion Inc the following mine parcels, these are the parcels they got through bankruptcy from SIRG...ANY THOUGHTS...
SUNBURST MINERALS LLC
COPPER HILL MILL 1 THRU 8
COPPER HILL MILL 10 THRU 15
COPPER HILL 2
HERMES
HERMES 2
JIMTOWN COPPER 1
VALLEY COPPER 1 THRU 3
EMERALD 1 THRU 2
FDR
EMERALD 1A
EMERALD 2A
EMERALD 3 THRU 22
EMERALD 30
EMERALD 31
EMERALD 43 THRU 45
I believe you are right, will have to monitor the SEC website starting on Friday...
The way I see it the big day is Friday.
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Phone conference only needed if not resolved by November 28.
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If Tim Benjamin is in that phon conference, would sure be curious what he would have to say.
Think again.....Then what are they waiting for with a phone conference if the matter isn't resolved by then? Interesting turn of events.
How sweet that would be!!!!
Hope you get a shock, lol!
Its also strange they have a phone conference in November, I thought this was cut and dried, I wonder who they are talking to. I sent an email to Tim Benjamin although I would be shocked if he answered...
It always seemed like an automatic process until today... I've never seen this before...
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Every stock I was in that got the boot, got it on the day the halt ended...
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I tend to agree with that but I will wait to hear the final verdict from the SEC...
Bad. The SEC is on the verge of sending them to the grey sheets, where they won't be trading.
Not sure, but I think it will come down to either the stock being delisted or something is still going on???
I was wondering why we were still showing a bid and ask...
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Is this good, bad or neutral?
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Checking the SEC Orders, the latest I have found...
https://www.sec.gov/alj/aljorders/2016/ap-4261.pdf
UNITED STATES OF AMERICA
Before the
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
ADMINISTRATIVE PROCEEDINGS RULINGS
Release No. 4261/October 14, 2016
ADMINISTRATIVE PROCEEDING
File No. 3-17591
In the Matter of
SIERRA RESOURCE GROUP, INC.
ORDER POSTPONING HEARING AND
SCHEDULING PREHEARING CONFERENCE
On September 29, 2016, the Securities and Exchange Commission issued an order
instituting proceedings (OIP) against Respondent pursuant to Section 12( j) of the Securities
Exchange Act of 1934, alleging that Respondent has securities registered with the Commission
and is delinquent in its periodic filings. A hearing is scheduled for October 20, 2016.
I ORDER the Division of Enforcement to file by October 21, 2016, a declaration
regarding the status of service of the OIP on Respondent.
I further ORDER that the hearing scheduled for October 20, 2016, is POSTPONED, and
that a telephonic prehearing conference shall be held on November 28, 2016, at 2:00 p.m.
Eastern, if the proceeding has not been resolved by then.
_______________________________
Cameron Elliot
Administrative Law Judge
Have not, maybe they will not answer at all...
what a shame . Coupke of years ago this thing had so much potential. Goverment beaurecrats really screw d things up!
When do we go to the grey sheets?
NB
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