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SRGE will either be suspended by the SEC or will crash when they are unable to confirm their bogus claims.
They are mining concessions - similar to a permit that would be issued in the US by MSHA.
In Mexico the government owns all mineral rights.
The Mexican Ministry of Economy governs the mining industry and issues the concessions.
SRGE is not in the Ministry of Economy database.
There has never been any verifiable proof that SRGE has any mining concessions in Mexico.
IG
If the dividend hasn't been paid and is retracted like it has with others then your argument isn't valid.
If the dividend has been paid then the SRGE management is incompetent for issuing fraudulent press releases.
The SEC doesn't suspend companies on a whim - it knows the suspension is a death blow to the company. There had to be what the SEC would consider overwhelming evidence.
I believe with everything I have read and looked into that SRGE is nothing more than a press release company. I have found no evidence to suggest they have any mining concessions in Mexico.
I think the dividend stuff was part of the end game. The first $15k payout was returned many times over as they dumped stock. The press releases were planned - and the Kinross PR was done on a National holiday in Canada - hoping no one would respond to inquiries about the JV. But, that blew up. I think SRGE knew the suspension was coming.
IG
You might be right but it would be very odd since FINRA hasn't approved the dividend - but who knows.
IG
The dividend payable the 28th was credited to my Fidelity cash account as of 8:45 this morning.
If the dividend in and of itself was a ploy, yet they knew the end was about to happen, why would they pay?
I have no idea - they were used by stervc as an example of a company that recovered from being suspended.
I just went and looked at how they were trading and it didn't look good.
IG
I think their problems came about from maybe announcing the Magna and Kinross involvements without coordinating for public release "first" from the "top" of managements then down to "bottom" managements.
Stervc are you sure about this?
In my 15 years or so of investing, give or take, I could only remember maybe about 4 stocks that have come out of the greys. I don’t even remember most of the tickers except for one. This was EXBX.
Huh???
KMAG thriving on the greys before up-listing.
What?
look kamg is ding fine on grey market .then will come back on pink soon.
Your arguments aren't valid and here is why.
As for SRGE filing with the SEC before the PR was released. Kinross didn't file anything and they are a fully reporting company. SRGE does not have to file anything - so it is very odd. But, my belief is that SRGE has not filed anything with the SEC and will never file anything.
The Tatiana thing - more than several people have received a email that they need to send a payment to get the mining concessions. But, since you talk to Tatiana why don't you just have her send you a email verifying that SRGE has the mining concessions for CM.
The last date on the CM concessions is listed as 07/31/2012 - SRGE states they have owned the concessions much longer but still don't show up - so the database is out of date doesn't hold water.
But, the bigger question is this - since SRGE had sent all of the signed documents to the SEC about the partnership/JV with Kinross why were they still suspended.
The SEC knows this is a death blow to companies - if they had any evidence they thought was the least bit mitigating they would not have suspended SRGE. Any explanation for that?
IG
Wow, I hope you didn't use MMC (MexicoMiningCenter.com) to validate or verify that SRGE has mining concessions in Mexico - well I guess you did - LMAO!!!
2)http://mexicominingcenter.com/explorationcompanydetalle.php?company=Southridge%20Minerals%20Inc.
Plus if You look at stervc DD and it show deeds of title from mines they own 100percent to be exact.
1) Why Put out a Bio so ppl like BGL can make death threats like they have done before?? Thus The Headquarters is in Dallas. I live 4 hrs away from Dallas. If 1 was so concerned that Mr.Davies was real I suppose they would call and make some sort of arrangements to meet up with him at his earliest convenience I suppose. I mean seriously.. Who calls a CEO of a Gold Mining Company and goes. Hey man I would like to set up a meeting to see if You really Exist by the way can You bring Your Birth Certificate, Social, and two forms of ID please!
The list you posted has nothing to do with SRGE being suspended and going to the grey sheets.
You do know that all companies trading on TSX etc are listed as being on grey sheets. They are just listed as grey sheets but companies such as SRGE, KMAG and SAEI have a Skull and Crossbones above the grey sheet.
Plus, you need to look at the number of trades and not the volume.
But, keep spinning you just have a few more days before reality hits and SRGE has vanished.
IG
I find this hard to believe:
I've done tons of research, Countless Hrs and Still Strongly Believe that SRGE Has The Mines, The Gold
You do realize that SRGE has not issued a press release to clarify the suspension.
Have you guys seen this OMG.. they wouldn't say this unless its freaken true!!
http://mexicominingcenter.com/ver.php?artids=2974&categoria=5
"The Company would also like to express that documentation regarding the engagement with Kinross was on file with the SEC prior to the December 26, 2012, news release. Southridge will be consulting with its legal counsel to pursue this matter through litigation and seek any damages incurred."
Have you guys seen this OMG.. they wouldn't say this unless its freaken true!!
And your point???
Hey, look at that: mexicominingcenter.com/ver.php?artids=2974&categoria=5 Sexy Mexicans Agree, $SRGE Stay rich my friends!
Let me correct you on a few of your misguided statements.
I am still waiting for anyone to provide verifiable information that SRGE has ANY mining concessions in Mexico - they aren't in the Ministry of Economy's database. And you haven't produced any emails from Tatiana stating that SRGE has the CM mining concessions.
There is absolutely no signed JV or partnership agreement with Kinross - if you have it post it.
SRGE is suspended, no mining concessions and no one is interested in buying a company that only produces press releases not gold.
I doubt any of the listed members of the BOD know anything about SRGE - I have seen not one public comment from any of them about SRGE - just more BS.
If SRGE had sent the SEC any documents prior to their PR - why did they still get suspended???
Grey Sheets = SRGE.
IG
Now, that is amusing! Did you see Davies sign any documents - how does this verify he exists? Just more SRGE lunacy.
Also shows the CEO is real! Lolzzz so much for that ghost theory!
SRGE is a train wreck and many are amused at how these always go down. Denial, Denial then it is, "I can't believe those scumbags did this to me..."
Plus, the denials and conspiracy theories would make Alex Jones blush.
Gold mining penny stocks and lead paint seem to go together.
IG
Looks like the laugh is is going to be on the bag holders who were warned about the scam. Check out the research Renee did on the companies suspended since 2010 - it is pretty ugly looking for SRGE.
Renee Member Level
Saturday, September 22, 2012 12:10:32 AM
Post # of 37080
As of September 21, 2012: From January 2010 until today there have been a total of 1116 SEC Suspensions where ALL 1116 stocks were reinstated on the Grey Sheets after the ten day SEC Suspension ended.
Of the 1116 SEC Suspended stocks since January 2010 645 Registrations have been revoked.
The remaining 471 stocks are on the Grey Sheets (or still in the ten day SEC Suspension within the last ten days) and not one has made it off the Grey Sheets back to quotation by any Market Maker.
In case anyone asks what the chances are for their holy grail stock to get off the Grey Sheets.
All 1116 Suspensions and 645 revocations are listed with direct links to the SEC actions:
http://investorshub.advfn.com/SEC-Suspensions-&-Revocations-25334/
Suspended companies DD by Renee - must read for all the SRGE true believers.
Renee Member Level
Saturday, September 22, 2012 12:10:32 AM
Post # of 37080
As of September 21, 2012: From January 2010 until today there have been a total of 1116 SEC Suspensions where ALL 1116 stocks were reinstated on the Grey Sheets after the ten day SEC Suspension ended.
Of the 1116 SEC Suspended stocks since January 2010 645 Registrations have been revoked.
The remaining 471 stocks are on the Grey Sheets (or still in the ten day SEC Suspension within the last ten days) and not one has made it off the Grey Sheets back to quotation by any Market Maker.
In case anyone asks what the chances are for their holy grail stock to get off the Grey Sheets.
All 1116 Suspensions and 645 revocations are listed with direct links to the SEC actions:
http://investorshub.advfn.com/SEC-Suspensions-&-Revocations-25334/
Interesting, SAEI also made claims of a partnership/JV with Kinross. Just the exact same stuff pumped on the SRGE board:
TheWallStBull Friday, October 29, 2010 10:09:03 PM
Important Info: Ive seen talk about a possible Future Kinross Connection here.. or partnership/buyout/merger Just thought I'd add some info to the pot
Here is a little info from the Kinross website:
The total budgeted expensed exploration is forecasted to be approximately $79 million for 2010, with approximately 30% to be invested in Russia,25% in the Andean Region of South America, 21% in North America, 10% in Ecuador, 10% in Brazil and 3% in Mexico. An additional $17 million will be spent for technical and environmental services.
30% of the Kinross budget, almost 1/3 total budget is going towards exploration in Russia ( where SAEI holds their mines in the Ukraine)
whats also Interesting is this:
Kinross is also focused on establishing exploration and mutually-beneficial partnerships with promising junior exploration companies
Actually, SAEIE has very high-grade Gold in their 1st drilling:
Below is the last samples from the drill holes.... 9 out of 50 sample holes which is about 20% contained a HIGH Yield of GOLD...this IMO is something that would interest a company like Kinross..anyone that knows about gold understands that these kind of numbers is HUGE in showing the magnitude of gold in the area
Drill Hole #1586 that returned grading of 32.64 grams per ton gold
· Drill Hole #1588 was sample graded at 26.30 grams per ton gold
· Drill Hole #1658 @ 14.40 g/t gold
· Drill Hole #1674 @12.29 g/t gold
· Drill Hole #1795 @ 11.88g/t gold
· Drill Hole #1767 @ 15.66 g/t gold
· Drill Hole #1802 @ 22.36 g/t gold
· Drill Hole #1823 @ 28.44 g/t gold
· Drill Hole #1902 @ 24.10 g/t gold.
The similarities between SRGE and SAEI. After spending a little time reading the posts on the SAEI forum it was amazing.
SAEI had the fraudulent press release about the Russian billionaire buying them for as premium:
Press Release Source: Supatcha Resources Inc. On Friday December 10, 2010, 12:27 pm
DENVER, Dec. 10, 2010 /PRNewswire-FirstCall/ -- Supatcha Resources Inc. acknowledges the announcement today by OXM Group (OXM) of its intention to proceed with an unsolicited bid for all of the issued and outstanding shares of Supatcha at a price of $1.75 per share.
The Board of Supatcha has commenced the process of engaging advisors to assist it in responding to this bid. The Board will make every effort to maximize value for the benefit of Supatcha's shareholders and will update its shareholders from time to time as this development progresses. Shareholders do not need to take any action in response to this bid at this time.
OXM is controlled by investor Mikhail Prokorov, the 5th-richest person in Russia. Mr. Prokorov helped Supatcha acquire the rights to develop two resource-rich mineral properties in the Ukraine earlier this year.
In addition, Supatcha is preparing a series of updates that will be released in the coming weeks as part of its Investor Awareness Program. Updates on the company via news releases, the website, newsletter programs and conference calls will facilitate timely updates to current and potential investors. Investors are encouraged to sign onto the company site and register for the newsletter mailing list, to be included in this program.
Your logic is faulty and here is the reason why. SRGE went dark (stopped reporting to the SEC) 2 years ago - why would they send any documents to the SEC prior to issuing a press release. SRGE hasn't filed a audited financials since 2007. There is no reason for them to file with the SEC now as they haven't filed any paperwork to be uplisted.
I absolutely guarantee that SRGE hasn't sent any documents to the SEC and they will not defend themselves.
If you go and look at the history of SAEI you will see the exact same patterns and results.
You will also find investors defending them until it goes grey. The same-thing will happen to SRGE as Alex Smid is still running the show.
Michael Davies doesn't exist.
IG
Man, my day wouldn't be complete without a newbie referencing Sierra to validate SRGE - God I love it.
I am going to assume you didn't read the disclaimer or read the Sierra prediction that Microsoft was going to buy TAGG. Check out the Disclaimer:
DISCLAIMER
This blog is for fictional and entertainment purposes only!...All materials presented on this web site are not to be regarded as investment advice and are only offered for fictional and entertainment purposes. The accuracy, information or completeness of the picks posted on this blog is for fictional and entertainment purposes only!... Sierra, Adam and Johnny and all other characters ever mentioned and presented by the publisher in this blog are fictional characters and all posts in the blog should be construed as being for fictional and entertainment purposes only!
You are reciting a SRGE press release and those have been proven to be completely fabricated.
Why don't you head over to the Mexican Ministry of Economy (who governs the mining industry) and try to find SRGE in the mining concession database. You won't.
It is very odd that all the SRGE honks talk about the great value of all of the mines they own (mining concession is not ownership - it is a permit to mine) that SRGE can't provide any verifiable evidence to prove they have the mining concessions.
A little DD might be helpful for you.
IG
What you fail to understand is that SRGE has no mining concessions in Mexico. I have no idea where you got that SRGE was mining or had mining concessions but that is completely false. If you check the Mexican Ministry of Economy (which governs the mining industry) SRGE is nowhere in their database.
First SRGE issued the fabricated press release that stated they had hired Magna and that Magna had committed $5 million in funding to SRGE. But, it seems that Magna in emails to several including myself said they had no business relationship with SRGE. How did they commit $5 million and have no business relationship?
If Kinross had signed any documents with SRGE why would they file a complaint with the SEC - they would have a great deal of exposure if they were not being truthful. Do you think the SEC haphazardly suspends trading - no way - they have a significant file on SRGE - have sent the SEC a great deal of information the last few months.
cash4, I will guarantee SRGE will never supply any exculpatory evidence to the SEC. SRGE has no signed documents and has never been in talks with Kinross, SCCO or Goldcorp. Remember that MoMo has predicted/guaranteed that Goldcorp was going to buy SRGE 7 weeks ago as well as SCCO buying SRGE.
BTW, you do realize that SCCO has stated in both written and verbal communications that all rumors regarding SRGE are baseless.
So, we have three companies each denying rumors being spread by SRGE. I guess you can stick your head in the sand and continue to think SRGE is a real company - but you are going to be a very sad bag holder soon.
I am going to guess you are basing your faith in SRGE based on the paid promoters DD. You need to read nodummy's DD about SRGE and their connection to SAEI. Continue to follow MoMo at your own peril.
The phantom CEO Michael Davies is really Alex Smid.
So the premise of your argument is based on fiction not facts.
IG
MoMo, my guarantee is this will never happen - just like SRGE will not present any documents to defend itself.
SGRE will vanish just like its sister company SAEI.
Then this will be the second Alex Smid company the SEC has suspended.
You know I am your Daddy MoMo
IG
That nonsense should be removed as DD, stervc's stuff is total rubbish.
He uses MMC (MexicoMiningCenter.com) to validate the mining concessions and MMC is in no way associated with the Mexican government.
He uses the fake research site Mathers Research to justify a $0.20 PPS.
He has defended the SRGE attorney and one of the largest pump and dump attorneys Huettel.
His valuations of Cinco Minas are based on fiction rather than facts.
The list is endless and needs to be taken down as what he has posted is more pumping than providing unbiased DD.
IG
Sam, it seems that SRGE.mobi is also down - very odd.
IG
Sam, it seems that SRGE.mobi is also down - very odd.
IG
SRGE will have a very difficult time getting any brokers to trade their stock!
The SEC's halt lasts for 10 business days, or until Jan. 11, 2013. Once the 10 days have passed, brokers in the U.S. wishing to trade the company will face an onerous burden. They must keep up-to-date information on the company's financial status and on its insiders. They must also have copies of the company's prospectus, its most recent annual report and any subsequent quarterly reports. In addition, brokers must maintain current information on the company's name, address, state of incorporation, number of shares outstanding, the name of its transfer agent and the nature of its products. Brokers must also know if a price quotation is from another broker or from an insider. They must provide this information to anyone interested in trading the company.
Bro, this isn't about Bandera. It is SRGE that is suspended so who is a fraudulent company?
Just try and find the SRGE CEO - he doesn't exist.
Don't bring Kool-Aid to a adult party. No one cares about BGL - they don't have paid promoters pumping up a worthless stock but SRGE certainly does.
The BGL argument has always been to obfuscate the facts surrounding SRGE.
IG
There is unprecedented evidence to show that SRGE has no mining concessions in Mexico and have nothing to bring to a JV deal.
They can't even show the CEO exists!
In all of the press releases they have issued there is not one fact in any of them that can be verified - don't you think that is odd.
First, Magna says they have no business relationship with SRGE then Kinross says the same thing.
SRGE attorneys specialize in Traffic tickets and DUI's - do you really think they have even contacted the SEC?
Listen, this will end the exact same way as SAEI ended - SRGE will produce any documents to defend itself and just vanish only to turn up and do another pump and dump.
IG
Agreed, I knew the SRGE paid promoters would be over on the Kinross board trying to cause them harm.
Kinross actually mines gold - SRGE only issues press release and mines fools gold from the gullible investors.
IG
I've heard that SRK Consulting is onde of the best third party to ask questions. I really would like to know what they say.
NITE and minions from tob999, "This SEC suspension has been engineered by NITE minions."
Bandera Gold
But, I really like #6 LOL!!!
IG
What do you want to bet - you name it and I will cover:
SRGE is going to win this fight and shareholders will come out smelling like a rose.
The Company would also like to express that documentation regarding the engagement with Kinross was on file with the SEC prior to the December 26, 2012, news release.