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Good afternoon Stargazer : following your discussion, any chance it can recover ? Sirg still owns a part of the mine .....
one day left to sell or else claim total loss...
NB
Actually I screwed up, none of my shares where bought, I misread a statement, sorry...
Let me know when you find out.
I sold 2 million but they were not registered as trades, I guess I just closed out the shares, not sure how that works...
Seven more days of air, then choke... Off like support.
Nb
SIRG - lol......I've done that. You never know.
Maybe somebody had a buy order in and forgot to cancel it, lol.
Yea, this stock has been a mystery for at least 4 years..
SIRG - It's interesting that someone actually bought 6 million shares.......
(I got out quite some time ago, but I have still followed SIRG)
Right and right, just trying...
So those shares that traded weren't yours? I geuss everybody's trying to dump their shares.
No, not yet but what the heck, stick those beauties out and see if anyone buys...
And you are able to find a buyer at .0001? Maybe I should try to unload my 4 million. That would be $400.
Yes, I am trying to sell some of this junk...
6 million shares traded today
Rickjc, same to you and all of the rest that has suffered through this, GLTA...
Yup, another toxic pump and dump dies.
Good riddance.
Won't waste anymore time on this POS! Good luck to you, Stargazer!
Sadly, it looks that way.
My bet has always been that the SEC would shut SIRG before the Putz brothers, Bart and Tim, could ever get anything done. My fondest hope was that that the boys themselves would dance the floor boards before a judge. I had even hoped that the fact situation which I laid out in my complaint to the SEC would have generated enough interest to explore possible criminal charges. To be clear here, we all know that the boys are deplorable sh@ts, but I do not know that they are criminals. And I guess the SEC enforcement people have concluded that the only solid and clear transgression relates to delinquent filing.
Wish it were otherwise (and hope I am wrong), but seems that the boys will walk away without penalty.
Karma is last hope!
They just walked away and left us hanging...
NB
Well, the fat lady just sang...
SIRG: Admin Law Judge filing:
https://www.sec.gov/alj/aljorders/2016/ap-4316.pdf
Excerpts: (black hilite mine)
On October 19, 2016, the Division of Enforcement filed a declaration of service establishing that the OIP was served on Respondent by October 3, 2016, in accordance with 17 C.F.R. § 201.141(a)(2). Respondent’s answer was therefore due by October 17, 2016. OIP at 3; see 17 C.F.R. §§ 201.160(a)-(b), .220(b). To date, Respondent has not filed an answer.
I ORDER Respondent to SHOW CAUSE by November 10, 2016, why the registration of its securities should not be revoked by default due to its failure to file an answer or otherwise defend this proceeding. If Respondent fails to respond to this order, it will be deemed in default and the registration of its securities will be revoked. OIP at 3; 17 C.F.R. §§ 201.155(a)(2),
.220(f).
ITS ALMOST OVER...
UNITED STATES OF AMERICA
Before the
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
ADMINISTRATIVE PROCEEDINGS RULINGS
Release No. 4316/October 31, 2016
ADMINISTRATIVE PROCEEDING
File No. 3-17591
In the Matter of
SIERRA RESOURCE GROUP, INC.
ORDER TO SHOW CAUSE
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.
On October 19, 2016, the Division of Enforcement filed a declaration of service
establishing that the OIP was served on Respondent by October 3, 2016, in accordance with 17
C.F.R. § 201.141(a)(2). Respondent’s answer was therefore due by October 17, 2016. OIP at 3;
see 17 C.F.R. §§ 201.160(a)-(b), .220(b). To date, Respondent has not filed an answer.
I ORDER Respondent to SHOW CAUSE by November 10, 2016, why the registration of
its securities should not be revoked by default due to its failure to file an answer or otherwise
defend this proceeding. If Respondent fails to respond to this order, it will be deemed in default
and the registration of its securities will be revoked. OIP at 3; 17 C.F.R. §§ 201.155(a)(2),
.220(f ).
_______________________________
Cameron Elliot
Administrative Law Judge
No one is chiming in. I guess their silence is a sort of a response, Hard to accept that this thing is dead.
Hopefully one of the more experienced traders will chime in, but to me the call is about the management team and not the stock.
NB
Just lookin' for some sliver of hope, is all!
How about this phone conference coming up? Posters thought it was unusual. Is it?
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.
NB
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...
NB
4,125,000 traded, how does that happen???
The judge gave them until Friday, but as of today there is still no SEC decision.
NB
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?
NB
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
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