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Well, the temporary is now 2 years. Why don't you explain the 2 year temporary going dark by SRGE.
Just what are the smart reasons to go dark?
How about going dark and then gagging the TA - how many real companies do that = Answer is NONE!
Eagerly awaiting a new fairy tale concerning SRGE.
IG
So SRGE is going to become current in a few months after not filing with the SEC in four years.
I don't think so - the annual report for each year will have to be audited.
SRGE will never uplist. Heck, no one touting SRGE can produce one link to verify anything. The Mexican government website doesn't have them listed as having the concessions at Cinco Minas.
They can't provide any information about the Phantom CEO Michael Davies - no work or education history. How many CEOs from other public companies have no proof of existence?
They provide names of companies that have provided financing and again there is no footprint of either company - check it out: Quixstone Investments, Inc. and Duvernoi Capital Investments Inc. they only show up on SRGE press releases - very odd.
Now, they are using Magna Group for uplisting read the DD on Magna and you will find another problem. Their client list is mostly sub-penny companies.
The SRGE Attorney who is a well known pump and dump Attorney closed up shop after losing a motion to keep his banking records from the SEC.
How many RED FLAGS does anyone need to not walk but run away from this dog.
IG
Did they leave any forwarding information or how to contact Carrillo Huettel?
IG
quikfix, first interesting observation. Second the Bandera video seems to reflect the state of the Cinco Minas in that the mining is suspended at this time.
I believe that there is no mining going on at Cinco Minas and hasn't been for quite some time.
I find it interesting the editing of the video by Southridge - it is just odd how it is put together - there is nothing continuous to show any mining going on.
On the video they take some stills and pan and zoom to give the effect of video but it just a still photo.
IG
What other company besides SRGE issues a press release to say they are issuing a press release - completely absurd.
IG
Everyone loves to watch a train wreck and the investment community knows SRGE is a pump and dump but are waiting for the meltdown when the plug is pulled.
It isn't that hard to understand.
IG
quikfix, do you speak Spanish? It would make calling anyone in the Municipality much easier.
I had thought about doing this but my Spanish is limited.
Here is some info: Welcome to the Cinco Minas google satellite map! This place is situated in Santiago de Tequila, Jalisco, Mexico.
Just a FYI, when I put hostotipaquillo jalisco in Google maps and then put in Santiago de Tequila, Jalisco, Mexico and click "Get Directions" it says that they are 42KMs apart with Santiago de Tequila, Jalisco, Mexico being South of Hostotipaquillo.
IG
Terry, excellent insight into the "get shorty" posts on every scam stock. I believe the shorts posts is #3 on the how to spot a pump and dump:
3. BLAME IT ON THE SHORTS
If a stock promotion hasn't been successful then it must be the fault of the naysayers and the shorts. It couldn't possibly be that nobody was buying the story or that insiders were selling into the promotion. Comments in follow-up posts like, "We were battling with the shorts", are a sure sign that a pump and dump program was on. The battle was not with the shorts but with the insiders who were filling all the bids they could. After all, if the so-called shorts were willing to sell stock at lower prices, then why wouldn't they have hit bids prior to the promotion?
Furthermore, 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.
You do realize that MexicoMiningCenter.com is not in anyway affiliated with the Mexican government.
First, if were from the Mexican government it would be a .mx site not a .com.
MMC is a paid for inclusion site and means absolutely zero as far as verifying that SRGE has any mining concessions.
But, if you check around here you will find the SRGE DD guy has MMC listed in his weekly report to verify SRGE is mining is Mexico.
Just do a whois search and look at the site - it has BANNER ads! The Mexican government site wouldn't have banner ads and other advertising.
IG
How do you know it isn't Michael Davies?
Is this what you call DD on Magna?
CMG Holdings Group CMGO $0.01
East Coast Diversified Corp ECDC $0.0003
Solar Energy Initiatives Inc. SNRY $0.0008
Coroware, Inc. COWI $0.0005
Cereplast, Inc. CERP $0.08
Bioheart, Inc. BHRT $0.02
Advaxis, Inc. ADXS $0.05
Bergio International BRGO $0.002
Bioflamex Corp BFLX $0.0013
Uni Core Holdings Co UCHC $0.0001
East Coast Diversified ECDC $0.0003
Novation Hldgs Inc. ALZMXD $0.04
Pervasip Corp. PVSP $0.0033
Public Media Works PUBQE $0.001
United States Oil and Gas Corp USOG $0.0002
Interesting!
MAGNA are a well respected company with 30 years history
Excellent proof there of a buyout by a friend of a friend who is un-named.
Have you read any of the DD on Magna or read the client list - looks like mostly sub-penny companies - Magna is a last ditch attempt to squezze a few more dollars out of investors.
First, Huettel on the run and soon SRGE.
IG
You have been saying this since early September:
Shorts are goin to be hoppin mad tmro bro!!
ob999
Wednesday, September 05, 2012 7:48:51 PM
Re: Mma20 post# 20575
Yup..shorts will be mourning in the mornin and devastated by close!
Don't read and educate yourself about Magna at your own peril. But, you might want to check them out with the SEC. http://searchwww.sec.gov/EDGARFSClient/jsp/EDGAR_MainAccess.jsp?search_text=%22magna+group+llc%22&startDoc=1&numResults=10&isAdv=false&stemming=true&sort=Date&formType=1&fromDate=mm/dd/yyyy&toDate=mm/dd/yyyy
What do you know, there is a link to prove something - I wish I could get a link to verify anything about SRGE. It looks like they represent mostly sub-penny stocks. Yeah, you are right they are legit LMAO!!!
Real DD will save you a great deal of money.
IG
quikfix, I think if you look at the timing of when Huettel shutdown his practice (I don't know the exact date - the link says last month) and the press release yes I agree they did indeed need new legal representation.
But, with SRGE it leads to many other questions - why would they use what is known as a pump and dump attorney (maybe the most infamous) up until he closed his office. If you were a real company wouldn't you want to distance yourself months ago?
Why have they not named the new Attorney - most press releases I see from public companies have new counsel in place when they issue a press release.
You know Huettel was under investigation and had lost a court motion to turn over bank records. Is this the guy you would want to represent the company you are investing in?
IG
How do you know this is Michael Davies - it is a email that has Michael Davies typed in - that isn't proof he exists.
IG
Did you read Sam's and nodummy's DD about Magna - I didn't think so or you wouldn't be saying they were legit.
Magna Group - clients
http://investorshub.advfn.com/Clients-of-Magna-Group-and-Hanover-Holdings-25550/
SRGE - Magna Group Capital Management, LLC/Joshua Sason
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=78897888
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=78900366
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=78917266&txt2find=Joshua|Sason
If you want to connect the dots it is pretty obvious that the SEC is closing in on SRGE and the Huettel Law firm. Huettel then closed it's doors and is on the run: http://www.pumpsanddumps.com/2012/11/pump-dump-incubator-carrillo-huettel.html
When the heat was on Huettal, SRGE turned to Magna for a last ditch effort to squeeze more money from investors before they are in hiding.
More layers of the onion are peeled away.
IG
I am interested in how you have come to the conclusion that the dividend proved or confirmed the share structure.
First, why does a company give a $0.00003 dividend for a total payout of $15,000? Now, you may chose to spin it anyway you want but never has a penny stock company given out a dividend this small with there being some form of a pump and dump behind it. It is done to get the uninitiated investor all giddy with excitement and entice them to lose more money.
All SRGE did was base the dividend on what they say the share structure is - and that has nothing to do with reality.
Why would the TA be gagged at such a crucial time - you can't spin that away - it is done for dilution.
So the dividend does not verify the share structure in anyway.
IG
WOW, are you sure you want to go there
SEC won't do it (BGL are on Canadian TSX Exchange) but they'll be struck off TSX soon for 2 fraudulent PRs. Scam outfit indeed!
Hey, how about just one link to the Mexican government website to show:
1. Mining concessions - God that is funny!
2. Assay reports from the big drilling program. Especially the highest grade intercept ever recorded in Mexico of 268 grams/ton I would really like to see those results.
3. How about some photos of the new construction of the mill - you guys talk to Michael Davies everyday - just have him send you a few and tell him to throw in a video. Oh, the HUGE groundbreaking ceremony would be nice - have him send a few photos of that also.
Quote:
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.
4. A link to update the purchase of the La Canita property and info on the additional drilling and sampling.
5. A update on the 200,000,000 buyback program in 11/17/2011 - I think they have bought back all of their stock LMAO!!! How many shares have the bought back now 600,000,000???
6. I am still waiting on the information about the financing companies - Quixstone Investments, Inc. and Duvernoi Capital Investments Inc. (Southridge Ethanol did the same with fake financing). Any info about other projects financed - Oh, they want to remain anonymous because they don't want any recognition and publicity to get other business - makes a great deal of sense FOR A SCAM!
7. While we are at it how about some info on the ole boss, the Phantom Michael Davies - BTW, I love the one sentence Linkedin profile page with one connection. Wasn't his bio lifted off another site???
I am waiting - just one piece of evidence that can be third party verified that SRGE is actually mining.
IG
You do know that the SRGE office is a virtual office or mail drop don't you.
At least BGL has a real office.
I am curious as to how you know it was a prepaid cell phone - darn credibility takes another hit - NEXT!!!
IG
I have seen a email from SCCO stating the buyout is a baseless rumor. I am curious just what evidence do you have to backup the buyout and Goldcorp JV?
So, far I haven't seen any evidence that van verify anything from the press releases, the Sierra blog (that makes me laugh every time I write it), or the posts from the SRGE promo team.
Heck, I am still waiting for someone to provide evidence that the Phantom CEO exists.
You can't prove Michael Davies is not Alex Smid (Which he is) but you know there is a big buyout coming.
Maybe you got it from the bogus SRGE press releases LMAO!!!
IG
It is pretty funny when you ask the SRGE guys to verify anything concerning the SCCO buyout they oddly become very quiet.
Actually, that was a misstatement - the SRGE guys don't and/or can't verify anything.
I think the SCCO buyout rumor has been verified by MoMo posting Rocha was seen dining in Phoenix - again no photographs to verify anything. Just big talk.
IG
Here you go. This was posted by nodummy the moderator at the Fraud Research board.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=80778541&txt2find=southern|copper
But here is the screenshot of the email:
IG
Good question:
When will this stock explode???
PETELONGS
Thursday, June 23, 2011 2:21:14 PM
Re: None
KABOOOOOOM!! SRGE stock ready to explode!!
PETELONGS
Tuesday, August 23, 2011 6:28:39 PM
Re: chris12 post# 2895
The BIG KAHUNA coming up, SRGE will explode past .25 cents after labor day. Analyst reports are very positive.
Hey all you guys who talk to Tatiana everyday how about a phone number that works.
quikfix made a effort and recorded the call but there is nothing or no one answering on the other end.
Just SRGE being SRGEb - the next time they do something transparent will be the first time.
IG
Why would SRGE buy the domain and then hide behind a proxy? Everything SRGE does is veiled in mystery:
They have a mobisite at www.srge.mobi this is where their news is updated
Domain Name: Southridgeminerals.com
Registrant: Domains By Proxy, LLC
Created: 2010-11-21
Expires: 2012-11-21
Updated: 2011-04-23
Administrative Contact:
Private, Registration @domainsbyproxy.com
Domains By Proxy, LLC
DomainsByProxy.com
14747 N Northsight Blvd Suite 111, PMB 309
Scottsdale, Arizona 85260
United States
(480) 624-2599 Fax -- (480) 624-2598
Domain Name: Goldcorp.com
Registrant: Goldcorp Inc
Created: 1996-07-31
Expires: 2020-07-30
Updated: 2011-05-12
Administrative Contact
GoldCorp Inc.
Mark Spencer
Suite 3400 666 Burrard St
Vancouver, BC (CA)
V6C 2X8
@goldcorp.com
604 696 3000
604 696 3001
Registrant:
Southern Peru Limited
Caminos del Inca 171 Santiago de
Surco
Lima 33
PE
Domain Name: SOUTHERNPERU.COM
Administrative Contact:
Chavez, Federico @SOUTHERNPERU.COM.PE
Southern Peru Copper Corporation
CAMINOS DEL INCA 171
SANTIAGO DE SURCO
Lima, Lima Lima33
PE
+511-5120440 fax: +511-3720305
I see that you haven't read the post by nodummy about Magna - SRGE is in a very toxic situation. You need to read it before making any proclamations about how great this is for SRGE - it was a act of desperation.
Check it out: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=65086759
IG
SRGE hasn't uplisted and they never will. Do you have any idea of how many audited financials SRGE has missed? At least from 2008 and they have to do this before they can uplist.
They will also need to take the gag off the TA.
Uplisting is just wishful thinking.
IG
Only scam companies pay $0.00003 dividend with a total payout of $15,000 less than a third of what they paid Wall Street Investor News to promote their stock. Investors should be upset.
It was a scam play to get unsuspecting investors all warm and fuzzy to turn loose of more money.
IG
Before anyone gets all giddy about SRGE and Magna you need to the post by nodummy from July of 2011. It seem that Magna is pretty unsavory - and generally the end of the line for Pump and Dumps. Investors Beware: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=65086759
IG
Here is some real DD and you can find that SRGE has reached desperation. Magna is Toxic.
But, you read the following and make your own decision: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=65086759
IG
When is SRGE going to un-gag the TA. It would be nice to see the share structure. But, we all know the only reason to gag the TA is for dilution.
Since some here talk to the CEO why don't you ask him why he gagged the TA - that should be a interesting spin.
IG
Yes, I can! It is I-Glow Minerals - it is similar to SRGE, I mine press releases.
There are many but you need to understand what you are investing in - if you follow promoted stocks - TAKE PROFITS!!! Because you don't know when the dump is coming.
If you are looking at junior mining companies I know a few that are legit but not many.
Invest in SRGE knowing that it is a pump and dump and don't get greedy.
IG
Magna is a MONSTER problem. More SRGE fraud!!! Plus, many thanks to Sam for digging through the posts to set the record straight on Magna! (http://investorshub.advfn.com/boards/read_msg.aspx?message_id=81899801) of the Fraud Research Board - it seems Magna has a little history. Check out the post by nodummy which is from 07/12/2011.
nodummy
Tuesday, July 12, 2011 1:32:46 AM
Re: cjstocksup post# 12881
SMHS - they wouldn't have raised the Authorized Share count if they didn't plan on issuing more shares so you are right in considering them raising the authorized share count from 500,000,000 to 2,000,000,000 as being a major red flag.
As of the last disclosed share count the SMHS share structure looked like this on March 31, 2011:
A/S - 500,000,000
O/S - 227,325,132
Float - 112,300,132
Just the fact that they raised the A/S from 500,000,000 to 2,000,000,000 shows that the O/S has most likely gone up and is very close to 500,000,000 shares now. We have no way of knowing what the float is at now unless the TA is ungagged.
The mods on that forum must be inactive because the IBOX is extremely outdated. Several filings have come out since the numbers listed in the IBOX which more current share count numbers.
I really am not understanding the statement about the new authorized shares being restricted. It all depends on what the new shares are issued for whether or not they are restricted.
SMHS has a history of issuing free trading shares to a company called Magna Group LLC which according to SMSH is owned by Jason Sason
All total Magna Group LLC got 87,156,912 free trading shares between October 5, 2010 - March 31, 2011.
It looks like they have some kind of draw down financing arrangement with this company. Magna Group LLC is being issued shares at a discount to the market price and then they are selling those shares for a profit. SMHS gains financing from the arrangement, Magna Group LLC makes money, and the SMHS shareholders lose out.
You can see how the number of shares issued to Magna Group LLC gradually becomes higher and higher each time. That is for two reasons.
#1) because the share price gradually goes down as those shares are diluted into the market
#2) because as the outstanding share count goes up Magna Group LLC is able to be issued more shares without going over 10% ownership and having to do filings to claim those shares.
So you can pretty much be sure that this pattern has continued since March 31, 2011 with Magna Group getting a higher and higher number of discounted shares to sell each time.
Just for an example of what kind of discount Magna Group LLC is getting let's look at what the share price of the stock was at compared to the price that Magna Group LLC had to pay starting from the first issuance on October 5, 2010 all the way to March 31, 2011. Take notice on how the share price has gotten lower and lower and lower and lower during those 6 months.
On October 5, 2010 Magna got 905,066 shares at $.031/share. On October 5, 2010 SMSH closed at $.052/share.
On October 15, 2010 Magna got 1,604,279 shares at $.0187/share. On October 15, 2010 SMSH closed at $.043/share.
On October 26, 2010 Magna got 1,500,000 shares at $.02/share. On October 26, 2010 SMSH closed at $.019/share.
On November 22, 2010 Magna got 2,272,727 shares at $.011/share. On November 22, 2010 SMSH closed at $.021/share.
On December 2, 2010 Magna got 2,272,727 shares at $.011/share. On December 2, 2010 SMSH closed at $.023/share.
On December 9, 2010 Magna got 2,500,000 shares at $.01/share. On December 9, 2020 SMSH closed at $.022/share.
On December 17, 2010 Magna got 2,840,909 shares at $.0088/share. On December 17, 2010 SMSH closed at $.016/share.
On December 29, 2010 Magna got 4,496,402 shares at $.00556/share. On December 29, 2010 SMSH closed at $.016/share.
On January 4, 2011 Magna got 4,496,402 shares at $.00556/share. On January 4, 2011 SMSH closed at $.022/share.
On January 12, 2011 Magna got 3,500,000 shares at $.01/share. On January 12, 2011 SMSH closed at $.018/share.
On January 19, 2011 Magna got 5,714,286 shares at $.007/share. On January 19, 2011 SMSH closed at $.016/share.
On January 28, 2011 Magna got 5,714,286 shares at $.007/share. On January 28, 2011 SMSH closed at $.013/share.
On February 9, 2011 Magna got 9,523,810 shares at $.00315/share. On February 9, 2011 SMSH closed at $.0081/share.
On February 23, 2011 Magna got 9,523,810 shares at $.00315/share. On February 23, 2011 SMSH closed at $.012/share.
On March 3, 2011 Magna got 7,792,208 shares at $.0035/share. On March 3, 2011 SMSH closed at $.0072/share.
On March 16, 2011 Magna got 10,000,000 shares at $.003/share. On March 16, 2011 SMSH closed at $.0055/share.
On March 31, 2011 Magna got 12,500,000 shares at $.002/share. On March 31, 2011 SMHS closed at $.0032/share.
On average Magna Group LLC is getting their shares at about a 50% below the market price then selling them immediately into the market and driving the share price lower and lower.
This constant share selling is killing any pump that is done on this stock and over time it continues to drive the price gradually lower and lower.
Between January 1, 2011 and March 31, 2011 the float increased by almost 65,000,000 shares from 47,773,426 to 112,300,132. All of those shares were shares issued to Magna Group LLC
I would estimate that between April 1, 2011 and June 30, 2011 based on the average trading price of the stock during that time and the pattern of share issuing to Magna in the past, Magna received approximately 150,000,000 more free trading shares during that 3 months bringing the float up to around 262,300,132.
Who is Magna Group LLC?
They were formed as a business entity in Texas on January 27, 2010. According to SMHS their sole officer is Jason Sason.
Magna Group LLC doesn't have its own address. It uses the address of its resident agent - United Corporate Services Inc. The company seems pretty much obscure.
SMHS never put out a single press release or did a single filing for this financing agreement with Magna Group LLC. The first time that any disclosure at all was given for this financing arrangement was in the most recent quarterly report filed on May 10, 2011 (8 months after the share dilution started).
Very very suspicious set-up going on there to say the least.
Side note - January 27, 2010 is 9 days after Kenneth Oxsalida took over as the CEO of SMHS.
--------
What has the money been going to?
From the last quarterly report:
The Company’s primary cash flow is a result of revenues from operations however as the Company is in the development stage, revenues are not sufficient at this time to meet the Company’s needs. The Company intends to raise capital through the sale of its common stock to fund operations for the next year.
And that statement is right. The company has only had $1,849 during its entire existence.
The accumulated deficit is relatively small though and the company doesn't have outrageous debt Notes so the financing is going towards paying expenses and keeping the company out of debt, but that doesn't do a whole lot to help the shareholders supporting this company.
----------
A little history about SMHS
On January 5, 2010, Joseph Meuse acquired 7,000,000 shares of common stock through his company Belmont Partners LLC for an undisclosed amount of money giving him 81.37% ownership and controlling interest in the SMHS. Joseph Meuse then made himself the sole director/officer of SMHS.
http://www.sec.gov/Archives/edgar/data/1349810/000135239210000002/smhs_form8k.htm
Less than two weeks later on January 18, 2010, Joseph Meuse sold 4,302,111 of those shares to Assurance Group Direct, Inc (Kenneth Oxsalida) for $288,671 giving Assurance Group Direct, Inc 50.01% ownership and controlling interest in the company. Meuese then resigned from his officer positions and Kenneth Oxsalida was appointed at the sole director/officer of the company.
http://www.sec.gov/Archives/edgar/data/1349810/000135239210000005/smhs8k.htm
http://www.sec.gov/Archives/edgar/data/1328416/000135239210000019/xslF345X03/primary_doc.xml
Assurance Group Direct, Inc had only been a business entity for 2 1/2 weeks at the time it purchased control of SMHS
http://sunbiz.org/scripts/cordet.exe?action=DETFIL&inq_doc_number=P10000000187&inq_came_from=NAMFWD&cor_web_names_seq_number=0000&names_name_ind=N&names_cor_number=&names_name_seq=&names_name_ind=&names_comp_name=ASSURANCEGROUPDIRECT&names_filing_type=
Oxsalida didn't file any financial reports after taking over SMHS. Then in July of 2010 he filed a form 15 terminating the companies registration with the SEC making SMHS a non-reporting company.
-------
Joseph Meuse's name has come up with two other companies I have researched in the past - GTLL and MGRN (both are trading at $.0001/share now).
His name also shows up in this article criticizing reverse mergers involving Chinese companies:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=58316272&txt2find=Meuse
Meuse owns PacWest, LLC and Pacific Stock Transfer.
I've read many posts about Meuse's reputation as a shell hijacker.
This is an interesting article:
http://www.reuters.com/article/2009/06/25/idUS225933+25-Jun-2009+PRN20090625
Let's just say he doesn't seem to have the best reputation.
---------
Kenneth Oxsalida was found guilty of securities fraud by the state of Texas in 2004 for offering unregistered securities, engaging in fraud, and using misleading and false statements.
Here is a copy of that order:
http://www.ssb.state.tx.us/Enforcement/files/1570.pdf
Side Note - Texas is where Magna Group LLC is from.
--------
Other names associated with SMSH. Kimberly Graus - legal counsel.
Kimberly Graus seems like super lawyer she is associated with so many non-reporting pink sheet companies. Often times with Big Apple connected companies. She has been known to do a lot of opinion letters to allow stock to be free trading. She has been involved with SMSH since at least September of 2010 which is before Magna Group LLC started getting their free trading stock.
-----------
SMHS has been a PR machine since September of 2010. Some of the press releases are utterly ridiculous with revenue projections of $30 million for 2011. They are way behind pace so far with only $1,849 in revenues to show for the year so far. When you start reading BS like that it makes it that much harder to trust anything else they say.
After reading the press releases I can understand why they decided to be a non-reporting company where they can avoid SEC scrutiny while hiding on the OTC.
Because of the questionable cast of characters connected to it and the ongoing arrangement of discounting shares being issued and diluted into the market SMSH doesn't seem like a very wise investment to me.
The shorting is a myth on all pinkies for individual investors.
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.
Furthermore, 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.
IG
How do you know the float, the TA is gagged. Also, the OTCmarkets info seems to come straight from the company website and press releases.
Wrong. O/S 545M Float 215M
Oh No, you didn't just use MexicoMiningCenter.com to confirm ownership by SRGE did you?
First, MMC is not in any way connected with the Mexican government. It would be a .mx and not a .com.
It is a paid for inclusion site - and it has banner ads for whomever is willing to pay.
I believe you need to re-think the newbie thing - again, MexicoMiningCenter.com is in no way affiliated with the Mexican government - NEWBIE LMAO!!!
IG
Yesm indeed they always come up with a fantasy press release that get unsuspecting investors all excited. But, just wait soon there will be another company going to buy SRGE - first Goldcorp now SCCO maybe Barrick next.
$SRGE WILL COME THRU. THEY ALWAYS DO! I CANNOT WAIT TO SEE WHERE WE ARE AT AT CLOSE FRIDAY. GOING TO BE A GREAT CELEBRATION WEEKEND IMO. THIS IS THE WEEK LONGS HAVE WAITED FOR. I AM VERY EXCITED FOR US AS WELL AS THE INSIDERS. BIG WEEK FOR THEM TO.