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Why didn't the Annual report have AUDITED Financials - Demand SRGE become SEC compliant and start filing with the SEC.
You can't uplist without audited financials.
IG
If a buyout/JV is imminent why hasn't the NYSE company filed a 8-K???
Just more to the subterfuge with SRGE.
IG
SRGE STOP GAGGING THE TA - SHOW THE REAL SHARE STRUCTURE!!! The MASS DILUTION MUST BE STOPPED.
IG
First, SRGE doesn't own anything - if they had mining concessions that is not owning the mines - it is a lease/permit to mine only.
I have yet to see any evidence that SRGE has any mining concessions in Mexico. The Mexican Ministry of Economy has no record of SRGE owning anything.
I have been waiting for 4 months for proof that the Phantom CEO exists - where is the proof???
Dividends - what a fraud - $0.00003 for a total of $15,000 that is 1/3 what it cost to do the paid promotion with WSIN ($50,000)
Where is there any proof that there is a buyout/JV - SCCO classified the SRGE rumors as baseless via written communications.
I guarantee there will be no buyout or JV - too many unknowns with the shady bunch at SRGE.
The new attorney - specializes in Traffic Tickets and DUI's and there is still a connection with Huettel.
What about the lies when SRGE said they had hired Magna and Magna had committed $5 Million to SRGE - but Magna says in a email that they have no business relationship with SRGE.
All I see is information that hasn't been confirmed or just false and misleading information.
IG
SRGE has proven the dilution themselves. SRGE issues a press release to announce a upcoming PR but they didn't announce the 50% increase of the A/S (500,000,000 shares) until it was posted on this board. Then they waited several days to do a PR.
Listen, if you Gag the TA and also go dark and haven't filed any audited financials since 2007 - it is all for dilution and a pump and dump.
The tiny dividend was only 1/3 of the cost of the paid promotion with WSIN (Wall Street Investor News - $50,000). It was a great move that cost much less than having a newsletter promote the stock and more effective - SRGE didn't have to find new investors it just the old ones to invest more money.
If you choose not to believe there is mass dilution going on - then you are just ignoring the facts.
IG
Fantastic, now just post a screenshot so it can be verified. Oh, so you actually didn't get anything.
IG
The press releases state they processed 9,000 tons. So I have no idea about the 70,000 tons.
But, I assure you that SRGE is not mining, doing a drilling program or processing ore at Cinco Minas.
I am still waiting for the video from the groundbreaking ceremony at CM - SRGE isn't mining anywhere. But that is amusing to think. I think Alex is mining fools gold - or better extracting money from investors.
IG
Vegas, audited financials are extremely important. One is that SRGE keeps talking about uplisting - you can't uplist until you become SEC compliant and to do that you have to have annual audits since 2007.
You also seem to miss the point about buyouts or JVs. It doesn't matter in pinkyland the SEC has a let the knuckleheads screw the other knuckleheads - unless you make some serious transgressions which I believe SRGE has done. But on the NYSE the SEC is fully involved and you have to satisfy them and the SEC with a feasibility study to justify any $500 million dollar purchase.
In the US you need to have a Marshall-Miller report or something similar and these are very costly. Minimum of $200k for a medium size mine.
The Behre-Dolbear report done for Tumi Resources will not satify the requirements as it is just a scoping study.
Most companies have concerns about a number of the assumptions on which the results from a scoping study are based. A scoping study is a hypothetical development scenario and is based on preliminary information and therefore must not be mistaken for a pre-feasibility study.
Kate1956, I think it is best if you ask yourself the following questions and see if you can contact SRGE and get a answer.
1. Why is the TA Gagged - this means the Transfer Agent has been told not to give out information about the share structure - actually any information. This is normally done so the company can dilute the stock - as you have seen SRGE recently increased the A/S (Authorized Shares) by 50% or 500,000,000 shares. No One knows if they are unrestricted or what was done with the shares.
2. Ask SRGE why they went Dark 2 years ago - this means they stopped filing with the SEC - this is generally bad news and when done in combination with gagging the TA the news is ALWAYS bad.
3. Ask SRGE why they haven't filed any audited financials since 2007.
4. Do you really think a NYSE company would be doing any kind of deal with a company who has done 1, 2 and 3 above. Not just unlikely but it will never happen.
5. Ask SRGE to provide verifiable information about the mining concessions in Mexico. The MMC (MexicoMiningCenter.com is not associated with the Mexican government - first it would be a .mx not a .com site) and it wouldn't have banner advertising. It is a paid for inclusion site.
6. On a recent press release on Dec 7th SRGE states, "Southridge Announces Bonanza Gold & Silver Intersected in Drilling at the Gran Cabrera Mine in Cinco Minas, Mexico" Ask SRGE if they will supply you with the Lab that did the analysis and the Qualified person overseeing the project.
7. Why would SRGE have one of the most infamous Pump and Dump attorneys (Carrillo Huettel) working for them and didn't change until he closed his office is on the run from the SEC. The new law firm has ties to Huettel. See Fraud Research board.
With what I have listed above do you think there is anything to SRGE but it being a Pump and Dump?
Kate, go over to the Fraud Research board and read posts by nodummy who only does research and doesn't invest so she has no bias - check her post on the relationship between SRGE and SAEI plus other shady characters.
There are just so many red flags to give you pause and to be skeptical about SRGE. I know I am convinced that SRGE is nothing but a paper company and will never do any mining.
But, look at all of the verifiable information and make up your own mind.
IG
I will take this one - in a SRGE PR on Nov. 28th they say:
Southridge Minerals Hires NY-Based Magna Group To Expedite OTCBB Up-Listing
Magna has also has committed up to $5,000,000 in capital funding for the Company upon completion of the up-listing process.
Magna Group has no business relationship with Southridge Enterprises at this time. Thank you for your inquiry.
Here we go with Sierra again - does anyone still think Sierra is anything but a paid shill for SRGE and other Pump and Dump companies.
Sierra Told You So! Mineral Production At Cinco Minas Facility Spurs Revenues Of $2,206,378_Just The Beginning For Southridge Enterprises (SRGE) Ventures Sierra World Equity Review
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!
Yes, I am saying that Cinco Minas has been abandoned for several years and there is no mining at this time.
I don't think anyone has done anything at Cinco Minas or Gran Cabrera since Tumi Resources left (and they didn't do any mining).
IG
I didn't say they were morons - I said Michael Davies doesn't exist. Alex Smid is still the man behind the curtain.
Bandera isn't my concern - I don't know if they are crooks or great guys. What I know is that SRGE and the people behind them are running a pump and dump and they are going to hurt many unsuspecting, gullible investors.
SO MANY RED FLAGS - all SRGE investors should demand SRGE remove the GAG from the TA so the share structure is known. SRGE is the real criminals stealing investors money.
IG
How in the world have you verified this:
MoMoRaptor mentioned aerial magnetic surveys being performed.
There will will never be a 8-K issued by a NYSE company that states they are doing a deal of any kind with SRGE.
No audited financials, going dark 2 years ago, GAGGING THE TA!!!!
NYSE Company working with the SHADY bunch at SRGE = LMAO!!!!!!
IG
Where are the photos of the Phantom CEO Michael Davies? Where are the video/photos of the groundbreaking ceremony - SRGE did a press release but NO VIDEO???
(Marketwire - Sep 10, 2012)...In conjunction with the mill expansion project, the Company hosted a several day visit of two research and mining analysts at the Cinco Minas -- Gran Cabreara Gold and Silver Mines. At Cinco Minas, the analysts attended the ground-breaking ceremony that officially launched the commencement of the 500 tpd mill expansion construction.
Stervc, the Behre-Dolbear is NOT a feasibility study. I am not certain why you don't comprehend this but you seem to think Tumi commissioned a feasibility study and they didn't.
For a feasibility study a comprehensive drilling program would have to be done and B-D didn't do any drilling.
What B-D did was a scoping study. Here is the difference: "Given that Inferred resources have a greater uncertainly associated with them, a scoping study relying on Inferred resources in going to have a much higher degree of uncertainty associated with it than a feasibility study limited to reserves and Measured + Indicated resources would have."
Straight from Tumi Resources:
A contract has been signed with Behre Dolbear & Company, Inc., an international independent engineering firm, to undertake an independent scoping study on the Cinco Minas Project.
You have been saying this for 4 months and still NO NEWS that can be verified. Unaudited financials - you have to be kidding.
But, one thing from SRGE you can count on is when things are going bad you can expect BIG NEWS from MoMo and SRGE.
Mind you it will be all fluff and nothing of substance that can be verified. Now, that is GUARANTEED!!!
IG
Financials good??? Are you kidding? The financials are just rehashed press releases that are choked full of errors and omissions. The financials haven't been audited - so they are made as instructed - completely fabricated.
Please read the annual report analysis by nodummy (100% unbiased information) http://investorshub.advfn.com/boards/read_msg.aspx?message_id=82515831
IG
Sticky the nodummy DD - as it is a excellent analysis of the SRGE annual report (Unaudited of course). ND has no vested interest - it is just the unvarnished truth.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=82515831
IG
Important Questions for All SRGE Investors!
1. When will there be Audited Financials?
2. When will SRGE Remove the GAG from the TA - extremely important!
3. When will there be evidence presented that the Phantom CEO actually exists?
4. Why is the new law firm still connected with Carrillo Huettel?
5. Why did SRGE hire a law firm that specializes in Traffic Tickets and DUI cases?
6. Why has the TRO been as high as 94% - which means that 940 out of every 1000 shares exchanged hands on one days trading - this is not only improbable for a Float of 215 Million - IT IS IMPOSSIBLE!!! Ask SRGE what the true share structure is by Freeing the Transfer Agent.
IG
All New Investors Must Read - Nodummy does excellent analysis of the Annual report: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=82515831
Did you read the annual report?
http://www.otcmarkets.com/financialReportViewer?symbol=SRGE&id=96742
It is full of even more contradictions and mistakes
SRGE lists the outstanding share count at 923,276,868 as of August 31, 2012
They then claim to have an outstanding share count of 545,874,868 as of November 2, 2012 on the OTC website and in press releases.
Since the Annual report is dated December 13, 2012 it should list in the subsequent events section the cancellation of 443,576,000 shares, but it does not.
So is this a misleading press release?
http://ih.advfn.com/p.php?pid=nmona&article=54226697
Where would they even get 443,576,000 shares to buy back? NovaMex only still owned 200,000,000 of the original 800,000,000 shares allegedly paid for the property as of August 31, 2012. The other 600,000,000 had already allegedly been bought back. So that only leaves 200,000,000 shares which could be bought back.
The only other shareholder with any significant share ownership is the mysterious Rockridge Capital Holdings entity that exists as a front for some insider to get discounted free trading stock and since Rockridge isn't listed as a beneficially owner that would suggest that Rockridge is dumping their stock just as quickly as they are getting it.
Even if it was Rockridge's stock that got bought back that would be pretty dirty to issue stock to somebody to pay off debt then buy the stock back at a higher price.
Speaking of Rockridge Capital Holdings - did you notice that they still have the math wrong for the conversions? They list all of the Rockridge debt conversions at $.01/share when just by doing the simple math anybody can see that the debt conversions were all done at $.001/share.
So if SRGE really has $3.2 in cash from operations then why in the world are they issuing Rockridge free trading stock at $.001/share (well below the market price) instead of paying back the debt with the cash made from operations? Sounds like either the cash is a lie or SRGE is being run as an insider enrichment scheme to me.
Are we to believe that SRGE is buying back stock from the market at between $.005/share and $.01/share at the same time that they are issuing free trading stock to Rockridge at $.001/share? What sense would that make?
----------
Back to NovaMex. Did you notice that the money they are using to buyback the shares from NovaMex is actually money they are borrowing from NovaMex?
"On November 4, 2011 and May 30, 2012, the Company entered a 3 year, 6% interest promissory notes with Novamex Mineral S.A. for a share purchase and retirement for a total value of $3,750,000. The principal amount outstanding and accrued interest on this loan at August 31, 2012, was $3,812,997 and $38,255 respectively"
So they buy back the 600,000,000 shares (prior to August 31, 2012) from NovaMex at $.00625/share by borrowing $3,750,000. The $3,750,000 accumulates interest, then some day down the road the debt Note will become due and then SRGE will probably end up having to issue NovaMex shares to pay off that debt Note at a much lower price than $.00625/share. NovaMex will probably end up with something like 2.5 billion shares for the 800,000,000 shares retired.
Again this is called in an insider enrichment scheme.
--------
And we still have debt Notes with other mystery companies that cannot be proven to exist:
$2,500,000 owed to Duvernoi Capital Investments plus $87,569 in interest and a commitment to borrow another $3,500,000 from Duvernoi
$5,879,880 owed to Quixstone Investments Inc plus $687,170 in interest
$1,075,224 owed to Alex Smid plus $222,437 in interest
$3,812,997 owed to NovaMex Mineral S.A. plus $38,225 for money used to buy back shares from NovaMex
What is still sorely lacking from the SRGE filings is any mention of any buyout talks, any documentation that proves ownership of the properties, and any documentation showing signatures, addresses, or any other disclosure from these debt Note holders
--------
Obviously SRGE raised their Authorized share count to 1,5000,000,000 for a reason. So they could issue more shares than what the previous authorized share count of 1,000,000,000 would allow them.
Money owed is probably coming due and shares are being issued towards these questionable debts from these mystery entities.
Throwing out the history of the SRGE shell, the plagiarized press releases, the plagiarized management bios, the obvious connections to the group that ran the SAEI scam, the contradicting and confusing information surrounding the ownership of the properties, the lies about buyouts, the fake LinkedIn pages, the fake promotional newsletters, the plants on this forum, the Luis Carrillo drama, the debt conversion price mistakes, the death treats, the possible connections between WallStreetInvestorNews and WallStreetCapitalFunding, the lies about becoming an SEC reporting entity again, the lies told about Magna, the carrot chasing PRs that intentionally lack disclosure, and all the other areas of contention debated back and forth this forum.
Whether you trust SRGE and its touts or you consider SRGE one of the biggest penny stock scams of all-time like I do, two things cannot be argued and should not be ignored
The authorized share count was raised and the TA is gagged
Those two things = recipe for dilution
Tradingfunds as usual you are wrong on bot counts:
SRGE Filed 4th Qtr Financials so your posts were COMPLETELY WRONG by saying they wouldn't file. Also the GOOD NEWS is SRGE now has CRIMINAL LAWYERS to go after those Shorting SRGE and those trying to Defraud investors out of their SRGE shares.
Gabriel Moore (the corporate/securities "department" at East Village Law) used to work in SD for Zouvas as an associate. Shocking that there's at least an indirect connection to Carillo Huetell, no? Couldn't tell if he was with Zouvas when Zouvas was the third leg of Carillo Huetell & Zouvas.
One tactic that many stock promoters use over and over again to explain why their stock promotions are followed by large stock price declines is to blame it on the short sellers. Unfortunately, FINRA abets these lies by publishing without adequate explanation data required by the SEC’s Regulation SHO. This data provides information on every share sold each day. Time and and time again I have seen stock promoters use this data to ‘show’ that the stock they are promoting is getting attacked by short sellers.
So the next time a stock promoter links to the FINRA Reg SHO short data to show that a stock dropped because of short sellers, you will know that they are lying. In fact, many times the large block sellers whose shares are sold in such a way to make them show up as ‘short sales’ in the FINRA data are the stock promoters or the people who pay for the stock promotion. So the promoters are not innocently wrong — they lie through their teeth even though they know better.
Add up the restricted shares to Rockridge this year and tell me how the September PR on share structure is accurate. It is either impossible or Rockridge shares were unrestricted. If they were unrestricted SRGE violated securities laws.
April 82,254,000
May 74,562,000
June 78,348,000
July 86,795,000
August 75,490,000
August 82,743,000
480,192,000
Something doesn't make any sense and I don't know anything about the company. But, a penny stock that has gotten FDA approval for 7 drugs?
Generally FDA approval for new drugs takes many years and multi-millions in testing for each drug.
I suspect there is much more to the story - but on the surface I am skeptical.
IG
WOW - Still a connection to Huettel = SRGE SCAM. Once a Pump and Dump Always a Pump and Dump! Thanks to CGardener for this find:
CGardener
Sunday, December 16, 2012 6:50:31 PM
Re: janice shell post# 36211
It looks like Gabriel Moore (the corporate/securities "department" at East Village Law) used to work in SD for Zouvas as an associate. Shocking that there's at least an indirect connection to Carillo Huetell, no? Couldn't tell if he was with Zouvas when Zouvas was the third leg of Carillo Huetell & Zouvas.
Then as a shareholder demand the remove the gag from the TA and we will all know the exact number.
All investors should want to know the exact share structure.
The logic of, "Because SRGE says it is true, it must be true" is extremely naive.
IG
As I said I believe the float is closer to 1 Billion than 215 million based on the TRO being 94% - this is impossible.
That means that 940 out of every 1000 shares exchanged hands that trading day - it is impossible!
Find just ONE example of a real company that isn't gagged that had a TRO of 94%. I will be waiting!
IG
You guys have been screaming shorts will burn or NITE is toast for 5 months and it is the same ole same ole - no shorting - Just SRGE diluting and dumping.
One tactic that many stock promoters use over and over again to explain why their stock promotions are followed by large stock price declines is to blame it on the short sellers. Unfortunately, FINRA abets these lies by publishing without adequate explanation data required by the SEC’s Regulation SHO. This data provides information on every share sold each day. Time and and time again I have seen stock promoters use this data to ‘show’ that the stock they are promoting is getting attacked by short sellers.
So the next time a stock promoter links to the FINRA Reg SHO short data to show that a stock dropped because of short sellers, you will know that they are lying. In fact, many times the large block sellers whose shares are sold in such a way to make them show up as ‘short sales’ in the FINRA data are the stock promoters or the people who pay for the stock promotion. So the promoters are not innocently wrong — they lie through their teeth even though they know better.
Because the Float is far greater than 215 million shares - anyone who believes this is either turning a blind-eye or really naive.
What about all the air shares, used to bring down srge stock? So if the 215 million share float is owned by longs already how can 280 million shares, be sold extra shares over the last two months?
The only MSJ PRs are the ones that have negative comments about Bandera - they were published by the SRGE promoters ergo every fact you have presented is negated.
Here the press releases associated with the email address, minerasanjorge@mail.com (which is a 1and1.com company - wouldn't they use the company email account???)
News from minera san jorge s.a. de c.v.
Sep 25, 2012, 21:42 ET
Minera San Jorge S.A. de C.V. Responds to Bandera Gold Ltd.
Minera San Jorge S.A de C.V. (MSJ) has announced a response to a September 21st press release from Bandera Gold Ltd., which questions the ownership...
Sep 19, 2012, 19:27 ET
Minera San Jorge S.A. de C.V. Clarifies, it has No Ownership of Cinco Minas or Gran Cabrera Mineral Concessions
Minera San Jorge S.A. de C.V. ("MSJ" or the "Company") has issued a statement regarding the ownership of Cinco Minas and Gran Cabrera. MSJ wants to...
Sep 17, 2012, 22:04 ET
Minera San Jorge S.A. de C.V. Denies Signing Letter of Intent with Bandera Gold Ltd.
Minera San Jorge S.A. de C.V. ("MSJ" or the "Company") announced today the Company has not signed a Letter of Intent (LOI) with Bandera Gold Ltd....
Did you check the Facebook page they prominently display - it has ZERO about any corporate work it is about TRAFFIC TICKETS and DUI's. WOW great new law firm but perfectly fitting for SRGE.
IG
New SRGE Law Firm - You can't make this kind of stuff up.
On Facebook the seem to be heavily involved with Traffic tickets, DUI Cases and remodeling. Here are a few selected photos.
1. Extensive Law Library
2. A Old Fan
3. Table Saw
4. EVLG's Specialty DUI's
5. Toilet Paper - Now This is a Class Operation!
6. Looks Like They Made a Table
You would think they were a Wall Street Law Firm. Only SRGE could pull this off.
IG
New SRGE Law Firm - You can't make this kind of stuff up.
On Facebook the seem to be heavily involved with Traffic tickets, DUI Cases and remodeling. Here are a few selected photos.
1. Extensive Law Library
2. A Old Fan
3. Table Saw
4. EVLG's Specialty DUI's
5. Toilet Paper - Now This is a Class Operation!
6. Looks Like They Made a Table
You would think they were a Wall Street Law Firm. Only SRGE could pull this off.
IG
SRGE's New Attorney - This is Funny!!!
I checked into East Village Law Group and it looks they do mostly DUIs and traffic tickets. Actually on the "Social Media" tab on teir site it goes to Facebook and it has Two groups to follow, "My Traffic Guys" and "EVGLSanDiego"
Quote:
Follow EVLG and our Traffic Division, MyTrafficGuys, on Twitter and Facebook.
No doubt about it a top notch corporate law firm.
Only SRGE would hire DUI Attorneys to do their legal work - man it just keeps getting better. First Huettel and now a DUI/traffic ticket Attorney - beautiful!!!
IG
Janice, that is exactly right. As a mining company you have to satisfy the SEC and shareholders - this is done by having a reserve study done and they are extremely expensive.
IG
I absolutely guarantee that the float is NOT 215 million. What do you have to verify the float is 215 million - I hope you aren't going to say it is what is on the SRGE website or UNAUDITED annual report. THE TA IS GAGGED!!!
On 09/05/2012 there were 202,625,717 shares traded that day. When looking at the TRO (Turnover Ratio) for that day it is apparent that something is wrong with the float numbers.
The TRO for that days was 94.24%. Wow, 942 out of every 1,000 shares of SRGE have changed hands that day.
Also, on 12/12/2012 there were 137,807,392 shares traded - that is a TRO of 64% - 640 shares out of a 1000 changed hands on 12/12.
This is just not unusual but impossible if the float is 215 million.
There is no explanation for this other than the float is much greater than 215 million.
IG
I 1000% guarantee there will NEVER be a NYSE company as a SRGE partner in a JV or a buyout.
It is pure fantasy or just wishful thinking to believe a real mining company would even look at SRGE with such a SHADY past and no audited financials, going dark and gagging the TA.
Time for a dose of reality.
IG
If the mining concessions database is 12 months out of date - do you have any information to verify this???
I am guessing you don't and it appears that is just a made up nummber since on both the Cinco Minas and Gran Cabrera concessions have a 7/31/2012 date on them.
Fecha de Registro 31/07/2012
DALLAS, TX--(Marketwire - 12/10/10) - Southridge Enterprises Inc. is pleased to announce today that Southridge Minerals, Inc., its wholly owned subsidiary, announces today it has signed a definitive agreement to acquire a 100% interest in the Cinco Minas and and Gran Cabrera Gold properties in Mexico.
SRGE and transparency don't belong in the same sentence:
It also shows the accuracy of the transparency of srge.
Terry, I can't seem to find anything about "Novamex Minerals S.A." (big surprise) But, I tried Google (US), Google (MX), mexicoweb.com.mx and bhanvad.com/directory/Regional/Countries/Mexico/ and nothing shows up - I assume this is just another fictional company like the financing companies that appear only in SRGE Press releases.
But, I did find NOVAMEX MEXICO, which is in the soft drink industry and isn't involved in Mining.
As for Rockridge Capital Holdings Corporation, I found a LLC but not corp.
Rockridge Capital Holdings, LLC has a location in Milford, CT. Rockridge Capital Holdings, LLC has no known officers.
Source: Florida Department of State last refreshed 12/14/2012
Net Assets as of 12/31/2011 $98,071