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You are correct SRGE is doing everything by the Book, Anatomy of a Pump and Dump.
SRGE is doing everything by the book
You do realize that WSIN was paid to promote SRGE!
This profile is not without bias, and is a paid release. To comply with Section 17(b) of the Securities Act of 1933, WSICI is disclosing that the company has been compensated for dissemination of this information on behalf of one or more of the companies mentioned in this release. For current services performed for Southridge Enterprises Inc. (SRGE:PINKSHEETS), WSICI has been compensated Fifty Thousand Dollars ($50,000.00), by third party Cameroon Marketing Advisors Inc., who is a non-affiliated and may hold a significant position in the stock. WSICI holds all of those shares as of this release, but intends to immediately begin selling its shares as this release is being circulated.
I will tell what is next, how about real assay results from a lab that can be verified.
Well . You got your sample assay results. Next?
Just more fluff PR from SRGE. Where are some solid facts that can be verified???
SRGE recenty announced the completion of the drill program at Gran Cabrera property in Cinco Minas, Mexico. 37 holes totaling 3,246m have been completed at Gran Cabrera Mine and bringing the drill density to a higher level which is more suitable for a mineral resources estimation.
This is complete and absolute nonsense:
But these 500,000,000 are restricted from being available to be issued for 1 year
I know the news. It is that SRGE is hard at work to "CREATE" a new press release to spin the mass dilution. But, when the PR comes out there will be NO INFORMATION that can be verified - as usual with all SRGE PRs.
IG
Why don't you share the information and provide a link to let to show how you found out the shares are restricted. The TA is gagged!
Just posting information from a SRGE tout does not verify anything.
Links Please!
IG
Wrong again Willforeall, you are using numbers from the SRGE website to verify the share structure.
There is only one reason to go dark and gag the TA at the same time! It is issue more shares for the pump and dump.
Why go dark, gag TA and increase the A/S by 500,000,000 and not inform the investors.
It is extremely odd that SRGE will issue a press release to say they are going to issue a press release but on the A/S increase SRGE goes SILENT. It is just classic pump and dump scam.
IG
SCCO Investors Beware of SRGE. They have done a mass dilution (increased A/S by 500,000,000).
Just as I predicted SRGE went dark and Gagged the TA to dilute the stock and fleece investors.
SCCO investors call the IR department and make them aware of the SRGE SCAM!!!
IG
But, what you don't take into consideration when you state,
There are many reasons why a company does an increase to the A/S.
No One can confirm the shares are restricted because TA is gagged. And the TA is gagged because SRGE doesn't want the truth out about the dilution.
IG
INVESTORS BEWARE SRGE MASS DILUTION. SRGE increases A/S by 500,000,000 shares.
First, going dark 2 years ago then gagging the TA to obfuscate the dilution.
IG
Pretty tough when you discover SRGE is a scam that is doing a mass dilution.
SRGE is putting it to investors and making them like it.
IG
You have no way of knowing the share structure since the TA is Gagged.
There was no buyback and SRGE will announce they have increased the A/S by another 1,000,000,000 for a total of 3 Billion.
That is why they went dark and gagged the TA. The ONLY reason a company doesn't both is to fleece unsuspecting gullible investors.
SRGE is putting it to investors and making them like it.
IG
MASSIVE SELL-OFF TODAY - SRGE INCREASES A/S by HALF A BILLION SHARES.
IG
TA GAGGED - A/S is 3 Billion - no buyback - No Buyout. Investors screwed by SRGE.
IG
SRGE SELL-OFF WITH MASS DILUTION - TRIPLE ZEROES!!! SRGE increases A/S by 500,000,000 shares. http://nvsos.gov/sosentitysearch/corpActions.aspx?lx8nvq=aAcyYO1iIpfDt%252bkO7ehU8Q%253d%253d&Corp
As we have been warning investors the TA was gagged because SRGE was diluting - SRGE went dark 2 years ago to fleece investors and hasn't filed any audited financials since 2007.
IG
You have no idea if SRGE bought back any shares. The TA is GAGGED. You also don't have any ideas as to what the share structure is at this time.
SRGE first stopped filing any audited financials with the SEC in 2007 and went completely dark 2 years ago. Then they gagged the TA.
Does this sound or act like a real or legitimate company - absolutely not.
IG
Know one knows what the float really is at this point. SRGE gagged the TA for a reason and that was for dilution and to hide to share structure.
So you have no way of knowing any details on the buyback.
If there is a buyout by SCCO or Goldcorp why would SRGE be concerned about control - they wouldn't. Plus, no one would buy up shares on the open market to gain control without any knowledge of exactly what SRGE is about - such as audited financials and SRGE went dark 2 years ago and hasn't filed anything audited since 2007.
The combination of going dark and gagging the TA = bad news for investors.
IG
If there was a stock buyback program as was stated in a press release - it is completely contradictory to increase the A/S by 500,000,000.
It seems that SRGE got caught in their tangled web of bogus press releases.
Let the sell-off begin.
IG
PS Sierra says she messed up and meant SRGE was going screw investors with a mass dilution.
SRGE Increases A/S by 500,000,000 - which means as we have stated the TA was gagged because of a mass dilution.
SRGE = SCAM = PUMP and DUMP.
IG
Don't worry you won't be able to sell tomorrow. You are stuck with your 1 million shares that will be Triple Zeroes.
That is the nature of getting caught in a Pump and Dump. Just head over to PRTN, AMWI, RICP, GWBU .... and you will be able to read the same posts that will be here tomorrow.
IG
LOLOL!!! So you are saying that SRGE is giving you inside information and releasing information to you before it is made public. That doesn't sound very prudent on SRGE's part.
I hope you know nothing you posted makes sense and is SRGE spinning MASS DILUTION. Just as we have been saying since Terry discovered the TA had been gagged.
Why don't you tell us why SRGE gagged the TA and went dark over two years ago.
The combination of those two FACTS!!! - It tells the tale of a scam pump and dump.
So the buyout is done and SRGE doesn't have any audited financials - yeah right! Although SCCO classified the buyout rumor as baseless as we stated and had written proof. So why would a company dilute its stock when it was in the middle of buyout - just complete nonsense.
You really don't have to worry about the Longs selling tomorrow - they won't be able to.
Why would SRGE increase the A/S by 500,000,000 when they having been saying they are buying back shares??? You can't explain that.
IG
You need to look at the financials again - as you must have mis-read it states on page 4, "Unaudited Financial Statements"
SRGE has filed anything audited in many years - also they would have to have audited financials from all the years they didn't file to be uplisted.
You might want to go to the Fraud Research board and post some questions and hangout.
IG
Terry, they should sticky this post so unsuspecting investors can fully understand the inner workings of a Pump and Dump.
You missed what they just did.
1. The company claimed they had reduced O/S to 545M meaning the current A/S had a 500 Million margin. they just doubled the margin.
2. The company claimed they were cash flow positive and put out a dividend of minimal value to create the ruse. now investors find the float, the O/S and the company have been selling shares for cash.
3. The $5 Million is conditional on uplisting - long way away. they can't stay current on pink sheets. they have to be current with SEC before they go on OTCBB and it starts by filing for a share registration which they filed not that long ago to deregister. The SEC has to approve their registration statement before they can start the process.
Interesting that this change comes at the same time the FTD's and SHO listing is in play - GAGGED TA says it all.
Kate, that nonsense only makes sense if the company is transparent.
SRGE gagged the TA - this is only done to hide dilution.
SRGE went dark two years ago and hasn't filed any audited financials since 2007.
SRGE is a complete scam - Pump and Dump. As they have been dumping all along - hence gagged TA.
IG
Press Release Info: Since SRGE issues a press release to announce a coming press release I am curious as to why they tried to sneak the A/S increase of 500,000,000 past the investors without announcing it in a a PR - LOLOL!!!
Hey call the Phantom CEO and ask him to ungag the TA.
IG
It ain't the SEC!
MASS SELL-OFF TOMORROW!!! TRIPLE ZEROES AS SRGE HAS MASS DILUTION!!!
ig
Indivduals can't short this stock!
The average investor can't or it is extremely difficult to short a penny stock - the margin requirements are just cost prohibitive. You have to have $2.50 margin per share to short a stock under $2.50.
If you want to short 500,000 shares of a stock at $0.004, you have to have $1,250,000 in your account, and 500,000 shares at $0.004 is only $2000.
The good thing is you won't get a margin call unless it gets over $2.50.
IG
What??? So SRGE is not being bought now it is a JV and some mysterious company is getting involved with a company that has no audited financials since 2007 and has now done a mass dilution.
WOW - now that is some spinning.
When they do a reverse split let me know how that is a good thing for the investors - because just as we predicted the TA was gagged because they were diluting the stock as R/S is certainly next.
IG
Take a look at: http://nvsos.gov/sosentitysearch/corpActions.aspx?lx8nvq=aAcyYO1iIpfDt%252bkO7ehU8Q%253d%253d&CorpName=SOUTHRIDGE+ENTERPRISES+INC.
A/S increased by 500,000,000 today.
IG
Look for Triple Zeroes tomorrow - it will be ugly as we have been telling you about this scam.
IG
WOW, just as Terry has been telling everyone - mass dilution.
I will be interested to see how the SRGE guys spin this turn of events.
Next up reverse split.
Now, why would SRGE do this with a impending buyout/JV - Answer, there was never a buyout taking place.
IG
How about the Dividend indeed!
A shell with a questionable and shady past gives out a $0.00003 dividend for a total of $15,000 - what is wrong with this picture? What is wrong is that the dividend is part of the scam/PnD - it is much cheaper to get people already investing to buy more shares than to acquire new investors.
SRGE paid $50,000 to Wall street Investor News for a promotion - so it seems like the investors got screwed over.
To any outside observer the dividend looks like a scam. A company without any revenue - there is no mining at Cinco Minas - gives a dividend LMAO!!!
IG
Excellent work Terry! These type of emails will expedite the demise of SRGE.
Chairman Schapiro,
I am concerned that the SEC enforcement team is not taking seriously concerns regarding the fraud that is Southridge Enterprises (SRGE). As I have pointed out on numerous occasions, SRGE is a non-reporting company who until recently was led by CEO Alex Smid of Supatcha Resources (SAEI). Supatcha, if you recall, was shut down by the SEC after posting false mineral assessment reports and after making claims that Russian Billionaire had made a bid for the company:
Quote:
Dec. 2010: The SEC said in a statement that the suspension order was issued "because of questions that have been raised about the accuracy and adequacy of publicly disseminated information concerning, among other things, a geological report concerning the company's mining prospects in Ukraine and a purported tender offer for the company's outstanding shares."
Supatcha said in a news release earlier this week that it had received two unsolicited bids from Russian buyers to purchase the company's outstanding shares. Supatcha's stock price briefly soared after the announcement.
In an almost identical play, Southridge (SRGE) has laid out a scheme that is resulting in identical runs on the market.
1. Southridge claims to hold concessions to mining in Mexico; Cinco Minas Property. Southridge has posted to their shareholders a copy of the concession certification number 221864 signed by a Tatiana Siglar Baca. (http://investorshub.advfn.com/boards/read_msg.aspx?message_id=81760639). The problem is, this concession is also being claimed by a second public company, Bandera Gold and the Mexican Registry supports the claim that claim 221864 is current owned by Bandera Gold (http://www.siam.economia.gob.mx/siamweb/security/cargaTarjeta type in 221864). Southridge claims the purchase of these rights came off a company called Novamex Mineral S.A. Research into this company reveals no internet signature beyond an affiliation with Southridge. ( On March 30, 2009, the Company paid a deposit of $5,000,000 for the properties by issuing a total of 800,000,000 restricted shares at $.00625 to Comercalizadora, Servicios Y Distribuidora Track, S.A. DE C.V.(400,000,000 shares) and to Omar Alejandro Flores Madrigal, Principal Officer, (400,000,000 shares). On April 6, 2009, the 800,000,000 shares were assigned to Novamex Mineral S.A..)
The fact that two penny stock publicly traded companies are claiming the same concessions should be cause for the SEC to step in and investigate.
2. Southridge claims that their operations are being financed by a fund operating under the name of Rockridge Capital Holdings Corp. SRGE claims in a recent filing with OTC markets that starting in July 2010 Rockridge has provided funds in conversion for shares as follows:
Quote:
On July 14, 2010, the Company received a notice from Rockridge Capital Holdings Corporation to convert $800,000 of its outstanding loan to the Company and 80,000,000 restricted shares were issued at $.01 per share to retire this portion of the debt outstanding, per agreement. (Math is correct @$0.01/share)
On August 10, 2011, the Company converted $86,800 of its outstanding debt to Rockridge Capital Holdings Corporation, at their request, and issued 86,800,000 restricted shares at $.01 per share to retire that portion of the debt outstanding, per agreement. (Math is not correct @$0.01/share)
On November 4, 2011, the Company purchased 200,000,000 restricted shares at $.00625 from Novamex Mineral S.A. and retired these shares back to the Company treasury as part of the Share Buy-Back Program. The Company entered a 3 year, 6% interest promissory note for the original cost and purchase price of $1,250,000.
On November 23, 2010, the Company converted $76,147 of its outstanding debt to Rockridge Capital Holdings Corporation, at their request, and issued 76,147,000 restricted shares at $0.01 per share to retire that portion of the debt outstanding, per agreement. (date is incorrect/out of sequence; Math is not correct @$0.01/share)
On April 10, 2012, the Company converted $82,254 of its outstanding debt to Rockridge Capital Holdings Corporation, at their request, and issued 82,254,000 restricted shares at $.01 per share to retire that portion of the debt outstanding, per agreement.( Math is not correct @$0.01/share)
On May 21, 2012, the Company converted $74,562 of its outstanding debt to Rockridge Capital Holdings Corporation, at their request, and issued 74,562,000 restricted shares at $.01 per share to retire that portion of the debt outstanding, per agreement.( Math is not correct @$0.01/share)
The layout of these funds conversions and share structure changes do not align on several fronts. Beyond Rockridge having no internet presence beyond an affiliation with Southridge, SRGE has made many public releases disclosing their share structure and stock repurchase program. The structure posed to the public is based entirely on the levels identified in this layout of conversion. However, the filing made by SRGE does not then account for the monies received for funds issued. Based on the proper math conversion, SRGE would have received $860K in Aug. 2011 not $86K. Similarly November 2011 would have been $760K and not $76K, April 2012 would have been $820K not $82K, and May 2012 would have been $740K not $74K.
I believe that this sloppy math is based on a complete lack of factual financing and that it is more associated with a poorly executed fraud. For the record, all of these conversions are taking place well above market value as each took place during a priod in time where the market in SRGE was at $0.0005. The filings with OTC Markets for May 2012 identified the first quarter in which the company had any revenues ($980K) and identified immediate profitability of over $300K. The financials posted to the public would be significantly different had the math above been corrected for actual conversion costs.
3. Southridge, like Supatcha has made claims of bids for their mineral concessions by two NYSE companies. SAEI had two unsolicited bids, not one, and SRGE now has two bids with SRGE making a public release that has claimed one is in the value of $550 - $600M. In the November 21 press release SRGE stated:
Quote:
Quote:
The Company and its advisers are currently evaluating alternatives and are in advanced discussions with two major NYSE listed metal producers regarding their Jalisco mineral concessions and properties. One of the firms has already signed preliminary documents for the full acquisition of the Cinco Minas property. Southridge would like to give its shareholders an indication of how the funds will be used in the event a full sale is affected for its Cinco Minas Property. The company would like to state that shareholders will definitely participate in a direct, immediate, tangible benefit of such sale (i.e. special cash dividend for 20% of the proceeds from the sale of the Cinco Minas Property or a flat 20 cents per share special one-time dividend). Southridge and its Board of Directors can only state at this time that the amount being discussed is in the range of $550,000,000 and $600,000,000 for its Cinco Minas Property. Due to certain reasons the company cannot fully disclose exact details at this time. However the company felt it was very important to release some details to explain what's in it for shareholders and what the company and its Board of Directors are discussing as this time.
a.) Concessions are rights to mine and not ownership of property. Who owns these concessions are in dispute.
b.) Posting a $0.20 dividend to the public, at a time when the market is trading at $0.007 can be considered highly manipulative.
c.) The company claims the float is 215M shares and yet the stock traded over 98M shares on the day of this news and well below any $0.20 level but well above the prior market. On Friday November 23, more than $400K in shares were traded, again, well below the dividend level.
4. On Friday November 23, 2012, the day the company had stated they would file their next quarter financials with OTC Markets, SRGE announced that they would not be filing on time due to a change in their legal council. Carillo Huettel had been the prior legal represenatives of SRGE. Prior to the most recent filings made in October 2012 there had been very little visibility to the filings of SRGE due to a lack of trade volume and thus risk to the public. Starting in September 2012 with public releases, and with the most recent filing and attorney letter, Carillo Heuttel (Legal representatives to many pump and dump operations) became highly visible. and suddenly they are gone.
Quote:
Quote:
DALLAS, Nov. 23, 2012 /PRNewswire/ -- Southridge Enterprises Inc. (Pink Sheets: SRGE) ("Southridge" or the "Company") is pleased to announce today that Southridge Minerals, Inc., its wholly owned subsidiary, has hired new legal representation to meet the Company's expanding legal needs going forward. The new firm is now transitioning to file all of the Company's future disclosures with the OTC Markets and will be the liaison for the Company while facilitating all corporate and legal matters.
Due to the change in legal representation, the Company will be filing its 2012 annual report in the coming week. Southridge will report its fourth quarter and annual results ending August 31, 2012, reflecting record mineral production, revenues and profits as per the Company's new release of September 04, 2012.
Why is the name of the new legal council not identified? Why did the company wait until the day of the filing to make this announcement and how can new council accurately sign off on financials only a week after being retained?
5. Finally, the team of stock market investigators on I-Hub have done extensive research into the executives of Southridge (SRGE) and have identified that the bio's identified for these officers are plagiarized from bio's of successful and researchable players from the industry. Like the funding sources for Southridge, CEO Michael Davies and his executive team have absolutely no internet presence beyond Southridge despite claims of more than 30 years in the industry. Over the past year the research into the fake bio's are summed up here: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=79438940
And with all this consideration I suggest that the SEC finally take into account their recent filings with regards to share ownership and executive compensation. The filing would allude to the fact that none of the officers of this company own any stock in the company (by their accounting of shares) and that Rockridge is a majority owner. The filing would also indicate that the officers are working near free with no account for excecutive salary or compensation. This in itself is a major red flag to the accuracy of the public filings and statements being made by SRGE.
There are slam dunk opportunities to cease acts of fraud before they get too large and unfortunately it does not appear that the SEC is willing to step in and take advantage of such. SRGE is claiming that they are executing a stock buy back program and yet SRGE shows up on the Reg SHO list for excessive FTD's. The FTD's are easily attributed to real shorting matters or more likely, associated with paper hitting the street as officers dump shares into their pump and dump.
Please act responsibly and protect the public from further abuse.
(Sent to SEC, FINRA, and several news folks)
Nodummy, showed that Alex Smid is still calling the shots at SRGE. http://investorshub.advfn.com/boards/read_msg.aspx?message_id=80601144&txt2find=davies|smid
First, SRGE owes him over $1 million.
Then, you have the exact same type of press releases - bogus buyout claims, fake financing companies.
Just more of the hundreds of red flags associated with SRGE.
IG
Odd, that they did all you say and still have a big red stop sign up on OTCmarkets.com.
SCCO has classified the buyout rumor started on the Sierra blog as baseless in a email.
The Ministry of Economy in Mexico doesn't have SRGE listed as having the mining concessions at Cinco Minas.
SRGE has a buyout but doesn't have any audited financials - no NYSE company would buy without a audit.
CM has very limited reserves, therefore no real mining company would pay $500 million to a shell company with such as shady past.
IG
Well, you need to call OTCmarkets.com and let them know SRGE is current as there is a big red stop sign.
Just have Tatiana tell them when you talk to her.
IG
I hope you are kidding by using Magna as a way to verify that SRGE will be uplisted.
Magna, has a history of dealing mostly with sub-penny stocks. Check out the DD written in 2011 about Magna: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=65086759
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