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Oh, you are still talking about Cosmo Kramer - of course Jim Cramer wouldn't talk about a SUB-PENNY stock that has Gagged the TA, went Dark and hasn't filed any audited financials since 2007.
Rumor quashed by mine and many others who sent emails laying out 18 items where SRGE has lied in press releases.
IG
New Investors Must Read! MASS DILUTION - Information You Need to Know!!!
Points to consider and ask SRGE.
Whether a long, short, tout or basher just look at the evidence in a critical open minded way.
Here are some facts, yes facts that should cause anyone some concern.
1. Why did SRGE have one of the most Infamous Pump and Dump Attorneys - and never change until he closed shop and went on the run? If SRGE were legitimate they would have changed Attorneys years ago.
2. SRGE went dark two years ago.
3. SRGE hasn't filed any audited financials since 2007.
4. SRGE gagged the TA - this is very concerning by itself and in conjunction with going dark - real companies don't do this stuff.
5. SRGE issues a press release to announce a coming press release but didn't have a press release to announce the increase by 500,000,000 of the A/S.
6. It is odd that only the SRGE touts/promoters have talked to Tatiana and when Terry emailed her she said to send ~$10 to get a record of the concessions for Cinco Minas. Plus, as much as the SRGE guys say they have the mining concession at CM, the Ministry of Economy database doesn't have them listed anywhere.
7. Nodummy, who is above reproach and the best at DD on iHub published a screenshot of a email from the SCCO where the IR department classified the SRGE buyout rumor as baseless - for a IR department to commit to writing, shooting down a rumor is pretty strong.
8. I find it extremely odd that the SRGE CEO has no history that can be found anywhere and they will not publish his work and education history - check and see how many legit companies have a CEO that has no history,
9. I find it very unusual that SRGE has financing from two companies that have no internet footprint and can only be found in SRGE press releases: Quixstone Investments, Inc. and Duvernoi Capital Investments Inc. check them for yourself and see what you can find.
10. SRGE issues a press release about the drilling program but doesn't cite a lab that did the analysis, doesn't say who the company was that did the drilling and doesn't state who is the Qualified Person who was overseeing the program and contents of the press release.
Just ask and divorce yourself as a investor with no vested interest in the answer - look at the press releases and see how many items in each PR can be independently verified.
There are so many RED Flags not to be jaded about SRGE.
Also, look at Southridge Ethanol and look at all of the over the top press releases about all the great things going on at SR Ethanol but no revenues and all of the sudden they are a gold mining company.
IG
You can't get do a trend analysis on a Pump and Dump.
IG
The SRGE insiders blind-sided the faithful with a huge MASS DILUTION.
CAVEAT EMPTOR - INVESTORS BEWARE!!!
SRGE in the dark of night (what NO press release) slide in a increase of 500,000,000 of the A/S.
That is why the TA was Gagged - just as we said it would happen.
But all of the touts claimed SRGE would never do a mass dilution - the insiders got you again.
IG
Aren't you the one who confused Cramer with Cosmo Kramer.
Jim Cramer talking about a shady penny stock with a gagged TA and that hasn't filed a audited financial since 2007 - won't happen.
Especially after all of the RED FLAGS I sent his staff to look at about the SRGE bunch.
IG
Did you get the Magna client list I posted - it was very impressive LMAO!!!
How is it that you can post Magnas " so called client list" when they keep it confidential and do not make it public info themselves? Just posting words with no proof... Unending speculations in attempts to discredit SRGE
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
It is very odd that of the dozens of calls only the SRGE guys have been able to talk to her.
Did she send you a email for confirmation that SRGE has the mining concessions - I know the answer to that - NO. Because SRGE has zero mining concessions.
Why not give her another call and tell her to send you a email confirming SRGE is mining at CM.
IG
Here you go Janice - this is straight from the SEC (the companies - I put in pps): http://searchwww.sec.gov/EDGARFSClient/jsp/EDGAR_MainAccess.jsp?search_text=%22magna%20group%20llc%22&isAdv=false
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
A coat of paint and a few logos is very inexpensive compared to the money SRGE insiders are making dumping the stock.
The paint and logos cost less than the $0.00003 dividend for a total of $15,000.
This is just a classic pump and dump as it was with the sister company SAEI.
IG
OMG, you didn't just say,
Do you not read press releases?
No one knows because it is up and running. Where are the videos of the new construction or of the groundbreaking ceremony - LOLOL!!!
Up and running - indeed!
It didn't take hundreds of millions of dollars to get Cinco Minas up and running now, did it.
UPLISTING!!! LMAO - SRGE hasn't filed any audited financials since 2007.
Where is any evidence they have even started the process.
But, it is good to dream - I guess with SRGE the better term would be to fantasize.
IG
Not after he reads my email LMAO!!!
IG
Let me guess you have never been to a mine and you didn't read the Tumi report as to why the abandoned Gran Cabrera.
Low quality mineralization, and low reserves just to mention two.
Why would they abandon both CM and GC but stay in Jalisco if the mining was that great.
Also, why wouldn't they have jumped back into both when the price of gold increased - answer both are not suitable for large scale mining.
IG
Just sent Cramer a email detailing all of the RED FLAGS associated with SRGE.
I told him just to have his staff try and verify anything about about SRGE and look at them going dark, not filing any audited financials and gagging the TA.
IG
I am assuming by your post you haven't read the results of the analysis. It is about the poor quality of the mineralization and extremely low reserves.
This is the same argument about CM being abandoned by Tumi, the price of gold has nothing to do with low reserves in the underground mine and more importantly the dangerous mining conditions.
IG
Cramer, you have been mistaken - you are thinking of Cosmo Kramer!
Jim Cramer wouldn't talk about a non-reporting penny stock that has been dark for 2 years, has filed any audited financials since 2007 and has gagged the TA and done a mass dilution. LMAO!!!
IG
Why did Tumi abandon Gran Cabrera?
A work program on the Gran Cabrera Properties was conducted in April 2004 and consisted of data recompilation, geological mapping and verification or extension of earlier channel sampling of vein, stockwork and breccia hosted precious metal mineralization, seeking ore grade mineralization suitable for open-pit mining. Based on the results, the Company determined to cease further work on the Gran Cabrera Prospect and, accordingly, during the 2004 fiscal year, wrote-off $608,002 of acquisition costs and exploration expenditures relating to the Gran Cabrera Prospect. Formal notification of termination of the Gran Cabrera HOA was made by the Company in March 2005.
Points to consider and ask SRGE.
Whether a long, short, tout or basher just look at the evidence in a critical open minded way.
Here are some facts, yes facts that should cause anyone some concern.
1. SRGE went dark two years ago.
2. SRGE hasn't filed any audited financials since 2007.
3. SRGE gagged the TA - this is very concerning by itself and in conjunction with going dark - real companies don't do this stuff.
4. SRGE issues a press release to announce a coming press release but didn't have a press release to announce the increase by 500,000,000 of the A/S.
5. It is odd that only the SRGE touts/promoters have talked to Tatiana and when Terry emailed her she said to send ~$10 to get a record of the concessions for Cinco Minas. Plus, as much as the SRGE guys say they have the mining concession at CM, the Ministry of Economy database doesn't have them listed anywhere.
6. Nodummy, who is above reproach and the best at DD on iHub published a screenshot of a email from the SCCO where the IR department classified the SRGE buyout rumor as baseless - for a IR department to commit to writing, shooting down a rumor is pretty strong.
7. I find it extremely odd that the SRGE CEO has no history that can be found anywhere and they will not publish his work and education history - check and see how many legit companies have a CEO that has no history,
8. I find it very unusual that SRGE has financing from two companies that have no internet footprint and can only be found in SRGE press releases: Quixstone Investments, Inc. and Duvernoi Capital Investments Inc. check them for yourself and see what you can find.
9. SRGE issues a press release about the drilling program but doesn't cite a lab that did the analysis, doesn't say who the company was that did the drilling and doesn't state who is the Qualified Person who was overseeing the program and contents of the press release.
Just ask and divorce yourself as a investor with no vested interest in the answer - look at the press releases and see how many items in each PR can be independently verified.
There are so many RED Flags not to be jaded about SRGE.
Also, look at Southridge Ethanol and look at all of the over the top press releases about all the great things going on at SR Ethanol but no revenues and all of the sudden they are a gold mining company. Very shady and the exact same MO with what SRGE is doing now.
IG
Drilling test results given for GG are extremely low ...
DALLAS, TX--(Marketwire - Sep 19, 2012) - Southridge Minerals, Inc. is pleased to announce high grade gold-silver results from their 2012 diamond drill program at their Cinco Minas, in Jalisco, Mexico. Assay results from the first six drill holes at Cinco Minas have indicated bonanza-grade silver with an average of 648 g/t (Ag) and high-grade gold of 268 g/t (Au) intercepts.
Have you actually checked the ore grade in jalisco with the companies that actually mining?
I suspect not from what you are posting.
Goldcorp the largest mining company in Mexico has 3 active mines with the following grades are 0.37 grams/ton, 0.74 g/t and 1.60 g/t.
Goldcorp with all of its financial resources could have purchased CM years ago but it has been mined out. Plus, as is stated in the Tumi report the underground mining conditions are too dangerous with the open stopes (in the US this is generally referred to as "old works" where there was previous mining), plus as the Behre-Dolbear report stated the reserves of higher grade ore in the underground mine was too low to continue.
The SRGE drill program numbers have been fabricated - if not where is the lab and who was the "Qualified Person" who was reviewed the drill program and the contents of the press release.
As usual with SRGE there is nothing that can be verified.
IG
Janice, one other item to take into account is the financing is questionable to begin with - isn't this financing with Quixstone Investments, Inc. Which only appears in SRGE press releases.
I think Nicole Tesla is the company PR person and Daniel Dekster is a partner - LOLOL!!!
The company is bogus and so is the supposed financing.
IG
Stervc, it is industry standard to cite the Lab that did the analysis and the QA/QC - where is this information from SRGE???
All I see is a chart and without a lab that did the analysis this is worthless information.
There are several other items that raise some concern about the validity of the posted results.
1. There is no lab or qualified person listed in press release, it should be something similar to this:
Qualified Person
The drill program is being carried out under the direction of Mr. John F. Whitton, P.Geo, qualified person within the meaning of National Instrument 43-101. Mr. Whitton has reviewed the contents of this news release.
Sample preparation and assay procedures are carried out by ALS Laboratories using standard fire assaying with an AA or gravimetric finish where appropriate.
37 holes totaling 3,246m have been completed at Gran Cabrera Mine
Sam, didn't say the mass dilution of 500,000,000 was restricted for 36 months.
Actually, the shares are unrestricted and can be used at anytime for anything.
Here are the facts, SRGE GAGGED the TA and went dark to hoodwink unsuspecting and gullible investors.
SRGE issues a press release to announce a coming press release but somehow neglected to mention the 50% increase in A/S - WOW 50% now that is MASS DILUTION.
All the SRGE guys were stunned yesterday when the HUGE increase in the A/S was accidentally discovered - after defending SRGE and saying they would never dilute the shares - but SRGE did it again.
I am still waiting for a answer as to why SRGE has been DARK for 2 years and haven't filed any audited financials since 2007 - then Gagged the TA.
Restricted for 36 months - LMAO!!! Heck, they weren't restricted for 36 MINUTES.
IG
Magna, from what I understand, seems to be a contingency plan for financing if needed
Why two weeks?
MoMo stated 6 weeks ago the Goldcorp buyout was imminent and going to happen that week. When it didn't the SCCO rumor mysteriously appeared on the Sierra blog.
Here is my guess when the SCCO rumor is shot-down (although, I believe it was stooped in its tracks by the SCCO IR department when they sent nodummy a email classifying the SRGE rumor as baseless - this is very strong for a IR department to commit this to writing), another mining company will magically appear in two weeks.
IG
As usual your statement has basis in fact - the SCCO rumor was started on the Sierra blog.
Actually, SCCO has classified the rumor as baseless in written communication - for a IR department to commit to writing is extremely unusual and makes the statement have a profound impact. There is zero involvement of SCCO with SRGE.
But, please provide some evidence that your statement is correct - just as I expected with all SRGE boasts they can't be backed up by facts.
IG
Will you be able to verify anything you listed??? The answer is NO.
I am waiting for audited financials - because no company would buy SRGE without any audited financials.
Uplisting, are you kidding. SRGE hasn't filed any audited financials since 2007 and to uplist they will have to file the missing information. Uplisting will never happen.
IG
They are not restricted shares they can be used anyway SRGE wants to use them.
If you have other factual information as to the new shares being restricted please post a link.
Also, since the TA is gagged you have no idea what the float actually is.
IG
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