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I would imagine, the inability to trade SIRG through some brokers would make some investors question what kind of stock they are actually investing in.
JMHO
Don't forget about the fact that they are still on the DTC "Chill" list!
There is currently a “Global Lock” on our Common Stock. Failure to have the “Global Lock” removed on a timely basis could make it
difficult to sell shares and may negatively affect the value of our Common Stock in the secondary market.
As $B_rich$ said, I'm sure Mr. Jenkins will be in the right.
I'm more interested in GDSM as a Company.
I would imagine the Arizona Board of Technical Registration has a standard email template to send out when they receive complaints, and I HIGHLY doubt it would contain that many grammatical errors.
"file has being opened"
Really??? LOL...
As of March 31st, SIRG currently owed $421,239 for that note which is currently in default.
Furthermore, how are they going to pay this $190,000 non-convertible note due in Feb.?
The Company entered into a Promissory Note with Grand View Ventures. on February 16, 2012 in the amount of $190,000. The note has an interest rate of 8% with the maturity date of February 16, 2013. Currently $191,832
I updated the Ibox with a few new charts from the give it your best shot contest entries. We will be alternating charts every few weeks. If the chart for your entry isn't currently up, it will be in the not too distant future.
I can't wait to see what Monday brings for GDSM!!
Agreed! I enjoyed seeing the increased volume!!! I have to admit, after doing a little DD, I'm pretty impressed with TUFF. With a little more exposure, we could see some huge gains!
To further expand upon that...
An increase in A/S will likely be completed to satisfy the terms of the Asher notes as was stated in their previous attempt to increase the A/S to 1.5B. That will allow SIRG to take out additional notes with Asher; thus, after the initial dilution there will likely be additional rounds of dilution. They also have another convertible note due to Tanger soon. Will one of the two toxic financing companies try to dump before the other one can, without any regard to the PPS?
I have been talking to a few about TUFF. Trying to spread the word!
I'm glad to see that you've behaved properly! Lol...
We have some of give it your best shot entries that are looking pretty good!
GDGI @ 0.007 (100% Gain)
MTBR @ 0.002 (100% Gain)
SNDY @ 0.0079 (108% Gain)
Agreed! This will put it back on the radar for more investors! It really looks like there is something in the works here. Only time will tell what... GO GDSM!!!
It's amazing how far GDSM has gone on a few million shares! Up Up Up...
It has been quite a while since management has stated anything publicly hasn't it???
I have and continue to post only the truth to this board. Here are some of the facts that I have shown in the past.
FACT: As of March 31, 2012 SIRG was in default on the following notes totaling $705,071:
Quote:Brian Hebb: August 16, 2010 in the amount of $34,527. Interest rate of 8% with the maturity date of July 15, 2011. Current amount with interest $46,765
Black Diamond Realty Mgmt: August 6, 2010 in the amount of $25,000. The note does not have an interest rate on the principal balance and matured on August 16, 2011. Current amount with interest $26,126
Brian Hebb: May 5, 2010 in the amount of $125,000. The note has an interest rate of 8% with the maturity date of August 16, 2011. $172,402
The Company entered into the purchase interest of the Chloride Copper Project from Medina Property Group, LLC which resulted in the Company acquiring the debt and a promissory note dated March 22, 2010 in the amount of $360,000. The note has an interest rate of 8% with the maturity date of September 22, 2010. The Company is currently in default of the note, $421,239
Convertible Promissory Note with South Concord, a related party, on September 30, 2010 in the amount of $30,000. The note has an interest rate of 10% with the maturity date of September 30, 2011 $38,539
The Company has entered into a series of agreements with Asher Enterprises Inc. (the “Asher Agreements”), to provide
working capital for the Company’s operations while the Company raises a higher amount needed to re-open operations at the Chloride
Copper Mine. These agreements were previously disclosed in the Company’s filings with the Securities and Exchange Commission on
April 15, 2011, August 15, 2011and November 16, 2011. The Asher Agreements require, among other things, that the Company
maintain a reserve of authorized but unissued Class A Common Stock (the “Reserve Shares”) in an amount 5-times the number of
shares into which the outstanding debt of the Company to Asher Enterprises is convertible (the “Conversion Shares”). With the recent share price drop that the Company has experienced, the number of Conversion Shares has increased and the number of required Reserve Shares increased proportionately. As a result, the number of required Reserve Shares exceeded the number of authorized but unissued shares of the Company’s Class A Common Stock, and the Company became noncompliant with the contractual requirement. The increase in the number of authorized but unissued shares of Class A Common Stock will both (i) place the Company back into compliance with the contractual requirements and (ii) enable the Company to borrow further amounts from Asher Enterprises for short term working capital to keep the Company operating while efforts continue to raise sufficient funds to re-start mining operations at the Chloride Copper Mine.
Plus, they aren't paying out huge salaries like many OTC market companies are.
I have been doing a little DD on this company, and so far I like what I see!
NICE!
The A/S is currently 300M for TUFF, correct??
If they release a PR showing that they have secured the funding to proceed with the Azurite mine and release additional reports/data for the Azurite mine, I think we could see a nice reversal! I guess only time will tell.
This is what I'm getting when I try to go to the link provided??? Page not available??? Hmm...
You have reached a page at the Arizona Department of Environmental Quality that is not available or you may have mistyped the address.
It looks like some investors are really wanting out!!! Only a matter of time before they sell into the bid and cut their losses IMO.
Imagine if Asher converted this note last week since they can convert 180 days after the note is issued.
Convertible Promissory Note with Asher Enterprises Inc. on January 13, 2012 in the amount of $37,500. The note has an interest rate of 8% with the maturity date of January 7, 2013.
2012/07/25 0.0015 0.0085 0.0015 0.0080 28,250 0.0080
2012/07/24 0.0015 0.0090 0.0015 0.0080 176,500 0.0080
2012/07/23 0.0085 0.0090 0.0055 0.0090 10,814,353 0.0090
2012/07/20 0.0017 0.0085 0.0017 0.0085 168,500 0.0085
GDSM could be fully diluted, and it would still be a good investment IMO. I like the fact that the Azurite mine is on private property!
It is somewhat humorous that they once again had to edit another filling, the 8-K just submitted. I think it is things such as that which got them placed on the DTC "chill" list.
The question I have is, did they hire Marcum so that they didn't have to pay Tarvaran, Askelson & Company, LLP??
Is it normal for an accounting firm to state that they have substantial doubt that their client company will be able to continue as a going concern, or does this only happen when the clients don't pay the accounting bills???
The reports of TAC on the Company’s financial statements for the past two fiscal years did not contain an adverse opinion or disclaimer of
opinion, nor were they qualified or modified as to uncertainty, audit scope, or accounting principles, other than to state that there is substantial doubt as to the ability of the Company to continue as a going concern.
Another bill that they do not have the funds to pay??? Did they chose another accounting firm so that they could "default" on another payment that was due???
Below is a list of their current defaults as of March 31st. That would bring their total defaults to $720,312!!!
Brian Hebb: August 16, 2010 in the amount of $34,527. Interest rate of 8% with the maturity date of July 15, 2011. Current amount with interest $46,765
Black Diamond Realty Mgmt: August 6, 2010 in the amount of $25,000. The note does not have an interest rate on the principal balance and matured on August 16, 2011. Current amount with interest $26,126
Brian Hebb: May 5, 2010 in the amount of $125,000. The note has an interest rate of 8% with the maturity date of August 16, 2011. $172,402
The Company entered into the purchase interest of the Chloride Copper Project from Medina Property Group, LLC which resulted in the Company acquiring the debt and a promissory note dated March 22, 2010 in the amount of $360,000. The note has an interest rate of 8% with the maturity date of September 22, 2010. The Company is currently in default of the note, $421,239
Convertible Promissory Note with South Concord, a related party, on September 30, 2010 in the amount of $30,000. The note has an interest rate of 10% with the maturity date of September 30, 2011 $38,539
Thanks! There were MANY great picks for this contest! I'm looking forward to watching them all progress over the next year!!
Very Nice! It looks like they are making every dollar count, and they have an excellent plan of action!
One definite plus to this company is that they aren't paying their President and other important staff a large salary while they are in the exploration stages. They are paying the president on an hourly basis. What a brilliant idea!! Even when they were paying Mr. Dory a monthly salary, who was President, Treasurer, Secretary and Director of the Company, they only were paying $48,000/year. That is much lower than the majority of companies pay an individual fulfilling that many roles! It looks like they are making every dollar count!
On August 29, 2011, Mr. Robert D. Coale was appointed President, Treasurer, Secretary and Director of the Company. Mr. Coale is paid on an hourly basis for his services to the Company.
Effective April 12, 2010 Mr. Jared Beebe was appointed a Director of the Company which has agreed to pay Mr. Beebe $500 per month for his
services.
Effective April 1, 2010, Mr. Richard Kehmeier was appointed a Director of the Company which has agreed to pay Mr. Kehmeier $500 per
month for his services.
I'm not sure how high they would be able to take it, but a SIRG paid promo would definitely be a good momo play! Get in and get out quick, and if you're a long, just wait for them to finish dumping before you buy back in.
JMHO
Yes... Here you go...
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=75750032
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=75749522
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=75754091
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=75751059
Is this an unknown jewel? I haven't heard much about TUFF, but from the assay results, I would think this could be a good investment.
If there is a stock promo, that may provide an excellent opportunity for a quick momo play here. If they promo SIRG, it will finally give some that have been stuck holding here the ability to exit. Just don't get caught holding once Asher starts to dump!!
JMHO
EXACTLY! It is currently an UNKNOWN / UNVERIFIABLE detail. Maybe they do, maybe they don't. Any comment on non-toxic funding is merely speculation at this point.
It seems like anything that is verifiable with this company becomes "old news". The notes that SIRG has with Asher can't be old news since they are still outstanding notes, meaning they will be coming due in the near future!
IMO
Please provide proof that SIRG has non-toxic funding secured or will have it in place. The simple fact is that they continue to owe Asher for notes due or notes coming due, and the common stock is being used as payment. Notes Due = More Dilution