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Actually, it is some very poor DD. I just posted about the short myth in penny stocks. But, just for you here goes:
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.
But, if you look at any pump and dump all you read about is how everyone is shorting the stock - it is much more myth than fact.
You and I will have to disagree about shorting - 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.
But, if you look at any pump and dump all you read about is how everyone is shorting the stock - it is much more myth than fact.
IG
Mr. W, I don't know why they issue a press release about dividends before filing with FINRA.
It seems that a $0.00003 dividend with a total of $15,580.55 doesn't make sense except to entice investors to pony up even more money.
IG
More observations as to why SRGE is a pump and dump.
How many mining companies operate on a 33% profit margin - the answer is none.
http://www.otcmarkets.com/stock/SRGE/news
"The Company reported net income of $311,611 on revenues of $942,314 for the period ending May 31, 2012."
How about,
It reminds me of PAIM/ZNXT. Pearlasia declared and actually paid a cash dividend of $0.00001.
I think the SRGE dividend press release is even more evidence that it is a pump and dump.
How many real companies issue a press release about paying a dividend before filing with FINRA - the answer is none.
Also, the dividend is NOT $0.01 but $0.00003 (you have to be kidding me!) that is a whopping $15,580.55.
This is being done with the sole purpose of extracting more money from unsuspecting and newbie investors. The same people who follow APS and are surprised when they lose money.
Trust me SRGE will get the dividend back quickly. But just more proof that this is a huge pump and dump scam.
IG
Has SRGE notified FINRA of the upcoming dividends being issued? I know it is customary that companies issue a press release first before filing - LOLOL!!!
I didn't see anything when I checked their latest filings. Uh-Oh somebody is in trouble.
IG
Goldcorp proved False, SCCO proved False so what does SRGE do, go to another company that is going to buy them. You could see that coming all the way down Broadway - LOLOL!!!
Just more SRGE - BS!!!
IG
ROFL!!! Institutional Investors - unaudited financials - Phantom CEO - Quarterly report a copy and paste of press releases - SRGE history of malfeasance - fake financing companies that exist in SRGE press releases only - fake uplisting reports - fake buyout reports - using promtion companies such as WSIN, Sierra - see below for a few samples:
Promoter: Stock Mister
Compensation:
One-Hundred and Five Thousand Dollars Cash by a third party (Open Water Investments) for a 10 Day Marketing Program of SRGE.
Promoter: Prof. Stock
Compensation:
One Hundred and Five Thousand Dollars Cash by a third party (Open Water Investments) for a 10 Day Marketing Program of SRGE
Promoter: Lebed.biz
Compensation:
$20,000 cash for a one-month SRGE investor relations contract. Never invest into a stock we discuss unless you can afford to lose your entire investment.
Promoter: Wall Street Grand
Compensation:
WSG has been compensated $15k for a one week IR contract for SRGE
Promoter: OTC Stock Exchange
Compensation:
forty five thousand dollars cash from a third party (Longview Communications Corp.) for this SRGE
It is amazing how they continue to use fake companies in press releases. Is that not illegal?
Also, the dividend by SRGE seems to have separated them from the pack in terms of doing whatever is needed to take investors money.
IG
I posted the Phoenix number I called and I was connected with IR - it is option one (yep, just push one and you to will be connected). You can call and I promise you will receive the same response as I did - SCCO has zero interest in SRGE.
A female answered, I didn't ask her name - I asked if SCCO was going to purchase a gold mining company. She asked which company and I told her Southridge Minerals - she stated without hesitation that it was a "baseless rumor".
My call was at 2:06 PM and the call lasted for 2 minutes and 47 seconds.
Why don't you pick up the phone and call IR. The truth will set you free!
Hey, give me the number of the SRGE IR and I will call them also.
IG
I was trying to find the SRGE Ethanol plant that as Janice pointed out accounts for half of their assets. While looking I found a press release that stated
Southridge Enterprises Inc. has announced that it is ahead of schedule in the completion of its El Salvador-based ethanol production facility.
Southridge also announced that it has entered into an ethanol sales agreement with Hong Kong based Jinsung Ho Trading Group (JHTG) for the supply of 20 million gallons of ethanol per year.
Southridge Enterprises, Inc. announced that the Company's subsidiary, Southridge Brasilia Corp. ("SBC"), has received a total of $7,500,000 from its project partners for the construction of the ethanol facility in Brazil.
Southridge Enterprises Inc. announced that Southridge Ethanol, Inc., its wholly owned subsidiary, has signed a letter of intent ("LOI") to acquire ethanol plant from Bronsiacco Industrial Ltd.
"The opportunity to acquire this plant has given Southridge a tremendous advantage to be a large producer of ethanol in Brazil. By purchasing an existing plant, we will be able to produce 50 million gallons per year (MMGY) by May 10, 2009.
Southridge Enterprises, Inc. today announced that Southridge Environmental, Inc., its wholly owned subsidiary, has closed on the purchase of an industrial plant facility located in Quitman County, Mississippi.
I called the Phoenix office of SCCO today and spoke with a female (602) 264-XXXX.
I asked her about a potential buyout of a gold mining company, she asked which company I was referring to, I told her Southridge Minerals. She stated twice emphatically that all rumors about SRGE were baseless.
There was not any of the no comment stuff.
I spoke with someone in another department last week and received the same response.
If there was a buyout it would be no comment even if they were just exploring the possibility.
There is absolutely no truth the the SCCO buyout of SRGE.
IG
It is funny but on the SRGE board you have this listed as a quote but I can't find it anywhere but from your posts - very odd.
Quote:
SPOTTED-- in trendy Polanco restaurant, Rocha, CEO of SCCO and the Senator chatting about possible gold mine acquisitions in Mexico (Cinco Minas)....Rocha laughs after sipping his fine wine and thanks Senator for treating him to such an exquisite meal and helpinghim out of the "little jam" he got into with PGR (German Larrea Mota-Velasco is very thankful too)!!! Thank you Amigo, I owe you big time, lets ink a deal in Scottsdale....Alfonso smiles in victory!
You are stating this as fact when the rumor was started on the Sierra blog (http://sierraworldequityreview.blogspot.com).
As with most people repeating this nonsense as fact need to look closer at the source of your informatiomn;
1. Sierra also predicted that Microsoft was buying TAGG.
2. Read the disclaimer - very eye opening:
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!
Have you checked their volume? I don't think they have made lunch money yet.
I fully believe now that all penny gold mining stocks are tainted in some way.
Just put the mine in some remote location and say you are mining away and investors are going to be millionaires soon.
I just don't see that BGL is doing anything at this time.
IG
Very good point.
IG
I called Southern Copper's IR department today at (602) 264-XXXX and asked about them buying SRGE. The person on the phone, a female stated when I asked about a buyout of a gold mining company, she asked which company was I talking about (which is what she should have done). She didn't say no comment or all rumors are baseless she wanted a specific company so she could give a accurate answer. I told her Southridge Minerals - she said emphatically that all rumors about Southridge are completely baseless.
I certainly wasn't questioning nodummy but I wanted to see what IR said when speaking directly to them.
I had telephoned the Phoenix office previously and gotten a similar response from another department. But, on the SRGE board someone claimed to have gotten a "no comment" response.
Maybe the caller asked another question such as, Does the CEO still beat his wife?" Answer, "no comment".
IG
The SRGE guys don't seem smart enough to do anything with servers - I thought their specialty was Photoshop.
IG
First, check my posts I never stated anything about a PPS of $0.009 when dealing with a pump and dump there is no logic to the way the market moves.
I am guessing that no one will post any proof of a dividend.
I will call the SRGE IR and get a update. LOLOL!!!
IG
It is odd that in the "Dividend" press release SRGE states that,
What sets Southridge apart is its vast experience in Mexico and the knowledge of the geological conditions and formations pertaining to known large gold deposits that have received very little attention to date.
ATTN NEWBIES SRGE Press Releases Plagiarized! Now this is top notch DD
nodummy
Sunday, December 26, 2010 3:48:22 AM
Re: None
Southridge Enterprises, Inc (SRGE) press releases were plagiarized including reusing some plagiarized material from Supatcha Resources Inc (SAEI)
Examples for all 3 press releases done by this company so far
--------------------------------------------------------------------------------------------------------------------------------------------
EXAMPLE #1
December 9, 2010 Southridge Enterprises press release:
http://www.marketwire.com/press-release/Southridge-Minerals-Announces-a-New-Mexican- style='background-color:yellow;'>Gold-Exploration-Initiative-1366942.htm
Southridge Minerals Announces a New Mexican Gold Exploration Initiative
DALLAS, TX--(Marketwire - December 9, 2010) - Southridge Enterprises Inc. (PINKSHEETS: SRGE) ("Southridge" or the "Company") is pleased to announce today that Southridge Minerals, Inc., its wholly owned subsidiary, has established a new exploration initiative in Mexico. For the past two years the Company has undertaken a measured and methodical assessment of a number of new exploration opportunities within Mexico. The country has notable reserves of Gold and Silver.
"We are able to introduce an exploration component that will be managed by a quality management and technical team. We will take advantage of the vast natural resource potential of Mexico to build shareholder value," states Michael Davies, President & CEO of Southridge Minerals, Inc. "Our focus has been on Gold because of the abundant high quality potential in Mexico and the availability of areas that are still sub-explored. We continue to assess other opportunities for both precious and base metals in Mexico."
----------------------------
December 18, 2007 Galway Resources press release:
http://www.galwayresources.com/s/NewsReleases.asp?ReportID=277869&_Title=Galway-Resources-Announces-A-New-Colombian-Exploration-Initiative
Galway Resources Announces A New Colombian Exploration Initiative
Elko, Nevada: December 18, 2007 - Galway Resources Ltd. (GWY: TSX-V) is pleased to announce the establishment of an exploration initiative in Colombia. For the past two years the Company has undertaken a measured and methodical assessment of a number of new exploration opportunities within Colombia. The country has notable reserves of coal (largest exporter in Latin America), nickel, and gold.
"We are able to introduce an exploration component that will be managed by a quality management and technical team. We will take advantage of the vast natural resource potential of Colombia to build shareholder value," states Robert Hinchcliffe, President & CEO of Galway Resources. "Our focus has been on coal because of the abundant high quality potential in Colombia and the availability of areas that are still sub-explored. We continue to assess other opportunities for both precious and base metals in Colombia, and also remained focused on advancing our projects in the U.S., most notably our flagship Victorio molybdenum-tungsten project."
----------------------------------------------------------------------------------------------------------------------------------------
EXAMPLE #2
December 10, 2010 Southridge Enterprises press release:
http://www.marketwire.com/press-release/Southridge-Minerals-Signs-Definitive-Agreement-Acquires-Major-Mexican- style='background-color:yellow;'>Gold-Properties-1367407.htm
Southridge Minerals Signs Definitive Agreement and Acquires Major Mexican Gold Properties
DALLAS, TX--(Marketwire - December 10, 2010) - Southridge Enterprises Inc. (PINKSHEETS: SRGE) ("Southridge" or the "Company") 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. The Purchase Price for the assets comprising the mineral concessions "Gran Cabrera" shall be $2,500,000. The Purchase Price for the assets comprising the mineral concessions "Cinco Minas" shall be $5,000,000.
The Cinco Minas site covers roughly 10,750 hectares and is located approximately 100 kilometres northwest of the City of Guadalajara. The Gran Cabrera site covers roughly 4,300 hectares and is located approximately 35 kilometres northwest of Cinco Minas. Both sites are on strike to a major regional left lateral fault system that hosts many historical areas such as the old Santo Domingo mine site, currently the subject of extensive exploration drilling by Stroud Resources Ltd., which is midway between the two historical sites.
Cinco Minas property was mined between 1922 and 1928 and reported 1,083,000 tonnes of ore averaging 3.17 g/t gold and 476 g/t silver. This equates to 97,364 oz. of gold (2,760 kilograms) and 15,095,915 oz. of silver (427,954 kilograms). The Cinco Minas and Gran Cabrera properties both host epithermal systems with adularia-sericite type quartz veins with gold-silver mineralization. The main zone system at Cinco Minas has an identified strike length of approximately 5 kilometres with additional parallel to sub-parallel veins. Past mining has produced several bonanza grade veins with high gold credits. These types of structures have also been reported in the recent exploration drilling at Cinco Minas.
In 2004 a resource estimate was prepared on the Cinco minas property that was based on work by independent consulting firm of Behre Dolbear de Mexico (www.dolbear.com). This estimate was based on the drilling, trenching and field exploration since 2003. Based on their examinations and calculations they reported the following:
* An indicated resource of 2.27 million tonnes of 171.9 gram silver containing 12.5 million oz. of silver and 1.22 gram gold containing 89,100 of gold
* An inferred resource of 400,000 tonnes of 137.9 gram silver containing 1.8 million oz. silver and 1.07 gram gold containing 13,800 oz. of gold.
The Cinco Minas vein systems are classic epithermal precious metal deposits with brecciated ore hosts flooded with quartz/sulphide pulses. The mineralization is varied along strike but generally is represented with argentite, miargyrite, native silver, gold, sphalerite, and galena. Literature and recent drilling supports that additional sources of very high-grade mineralization should be encountered along strike. The historical reports indicate that bonanza grades of silver with gold were encountered randomly during the development of both mine sites. The geology supports that potential as volcanic hosted massive sulphides are commonly concentrated and enriched when proximal to major fault systems.
INFRASTRUCTURE
The Hostotipaquillo regional infrastructure is moderately sophisticated. The town of Magdalena is roughly 20 kilometres south of Cinco Minas and Tequila is another 20 kilometres southeast of Magdalena. These will be the two primary sources for material for the project. Tequila has a population of some 50,000 persons while Magdalena is roughly 25,000. The two towns have a corresponding ability to provide supplies and manpower to the project both short and long term. Whatever cannot be obtained in Tequila will have to come from Guadalajara, which is a further 80 kilometres southeast. Guadalajara is the capital of the state of Jalisco, and a custom steel centre with an estimated population of 6.3 million people in 2008.
All three towns are linked with a good highway system. Modern trucking systems should be able to deliver any required bulk materials, steel, and plant equipment. The infrastructure is suitable for immediate mill tests on site with the installation of new equipment. Water storage around the pad system and other mill facilities can easily be controlled by well-engineered containment facilities. The 200 metre drop from the old mine to the old mill, town and proposed leach pad site provides for an excellent material flow for ore and water.
The local population of Cinco Minas is roughly 300 persons. From that group the initial work force has been established. As the project expands, training in mine related jobs, safety and other worker skills can be undertaken. However, at the outset, additional workers will be required to provide technical expertise on site. Housing for those workers will be established by the construction of a camp situation that can be controlled with respect to services, security, and expansion.
There are no extraordinary infrastructure costs or hurdles as roads, power and water are all present onsite the Cinco Minas property. The remnants of the old mill site could be quickly refitted as the land package includes the historical Cinco Minas mine and 60 Tonne mill.
HISTORY
The Hostotipaquillo region is steeped in a rich mining history. The original mines were small adit enterprises begun in the 1530s by the conquering Spanish, looking for high-grade silver and gold. Sporadic workings were developed where easily hand-cobbed high-grade ore could be obtained. Where large deposits of ore could be worked, the communities would develop around them to support the mine. This model of development is not much different in today's mine industry.
In many cases old workings were abandoned simply because they were too remote to continue operations or the ore began to run into silicified materials. In the vicinity of Hostotipaquillo, ore was discovered in 1605 and several mines were developed. The town soon became the administrative centre for the region and later the Municipal capital. However in the Gran Cabrera region, 10-20 kilometres northwest of the town, mining had already begun and many operations were developed. The rugged terrain made working these properties difficult and would qualify as models of excellence in mine development in rugged conditions. In examining the ruins of the Monte de El Favor and Gran Cabrera mine camps, the sheer magnitude of the regional historical development is simply amazing. While the environment has overtaken many of the roads, rail and cable footprints, the evidence still exists. The degree of adit and shaft development done in the individual mines is remarkable.
While mining was growing in the Cabrera area, it was also advancing to the east towards and into Cinco Minas. In the early 1900s, a series of independent mine operations became the critical mass for the development of the town of Cinco Minas. Power was brought into the area and extensive mill operations were established. It became the local mine centre for the area and the reported 10,000 person camp resulted. The Cinco Minas deposit was developed to its peak by Marcus Daly with the Cinco Minas Mining Company. He transformed the random mining operation into a 500 tonne per day producer by 1922.
Cinco Minas and and Gran Cabrera Work Program
Over the next several weeks, Southridge is planning to review all the historical information, resample some of the drill core from previous operators. We also plan to digitize the drilling and underground data to confirm the historical estimated tonnages and to confirm the known drill targets. It is expected that the next surface drill program should be underway in Q1 2011.
-------------------------------
All of the above information can be found here:
http://www.banderagold.com/news/32.pdf
Because Bandera Gold is currently in a legal dispute with another company for the mines (meaning they are not available for SRGE to purchse)
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=57777587
Last paragraph was taken word for word from a Supatcha Resources Press Release which was taken word for word from a ValGold Press Release
http://www.marketwire.com/press-release/Supatcha-Resources-Signs-Definitive-Agreement-Acquires-Major-Ukrainian- style='background-color:yellow;'>Gold-Properties-1166294.htm
Over the next several weeks, Supatcha is planning to review all the historical information, re-log and possibly resample some of the drill core from previous operators. We also plan to digitize the drilling and underground data to confirm the historical estimated tonnages and to confirm the known drill targets. It is expected that the next surface drill program should be underway in early spring of 2010.
http://www.valgold.com/s/NewsReleases.asp?ReportID=193217&_Type=News-Releases-&_Title=Valgold-Purchases-Advanced-Garrison- style='background-color:yellow;'>Gold-Project-Kirkland-Lake-Area-Of-Onta...
Over the next several weeks, ValGold is planning to review all the historical information, re-log and possibly resample some of the drill core from previous operators. We also plan to digitize the drilling and underground data to confirm the historical estimated tonnages and to confirm the known drill targets. It is expected that the next surface drill program should be underway in the late summer or early fall of 2005.
----------------------------------------------------------------------------------------------------------------------------------------
EXAMPLE #3
December 14, 2010 Southridge Enterprises Press Release:
http://www.marketwire.com/press-release/Southridge-Minerals-Secures-5000000-Financing-Fund-Cinco-Minas- style='background-color:yellow;'>Gold-Property-Mexico-1369065.htm
Southridge Minerals Secures $5,000,000 Financing to Fund the Cinco Minas Gold Property in Mexico
DALLAS, TX--(Marketwire - December 14, 2010) - Southridge Enterprises Inc. (PINKSHEETS: SRGE) ("Southridge" or the "Company") is pleased to announce that Southridge Minerals, Inc., its wholly owned subsidiary today has executed an agreement with Quixstone Investments, Inc. ("QII"), providing for a $5,000,000 financing. This financing is in the form of a convertible debenture with terms stipulating an interest rate of 9.4% and a loan repayment term of 36 months from the date of execution of the agreement, by way of cash or through the conversion of shares of Southridge stock. The repayment terms of the financing are amenable to the Company's property development schedule and to future financings plans to retire the debt.
-----------------------------------------
This was also re-used from a Supatcha Resources Press Release that was taken from a Tao Minerals Press Release:
http://www.marketwire.com/press-release/Supatcha-Resources-Secures-10000000-Financing-Fund-Barlevskoye-Vynohradiv- style='background-color:yellow;'>Gold-Mines-1167010.htm
DENVER, CO--(Marketwire - April 7, 2010) - Supatcha Resources Inc. (OTCBB: SAEI) ("Supatcha" or the "Company") announced today that it has executed an agreement with Melco Investments, Ltd. ("MIL"), providing for a $10,000,000 financing. This financing is in the form of a convertible debenture with terms stipulating an interest rate of 8% and a loan repayment term of 24 months from the date of execution of the agreement, by way of cash or through the conversion of shares of Supatcha Resources stock. The repayment terms of the financing are amenable to the Company's property development schedule and to future financings plans to retire the debt.
http://www.istockanalyst.com/article/viewiStockNews/articleid/2799565
MEDELLIN, COLOMBIA -- (Marketwire) -- 11/14/08 -- Tao Minerals, Ltd. (OTCBB: TAOL) announced today that it has executed an agreement with Galleon Investments, Ltd., providing for a $500,000 financing. This financing is in the form of a convertible debenture, with terms stipulating an interest rate of 8% and a loan repayment due 90 days from the date of the execution of the agreement, either in the form of cash or through conversion of shares of Tao Minerals stock.
But the information was posted on the SRGE board as fact and the srge.mobi site was listed as the source.
Just shooting down false information that SRGE is putting out.
IG
Please be sure and post a copy of the check you receive. My guess is that there will not be any posted.
IG
Then why register via proxy. As always with SRGE more subterfuge and everything is always shrouded in mystery. Why can there never be anything that can be verified - I know, it is because it is a Pump and Dump.
Also, why a separate site for news release?
You are defending the indefensible!
IG
Another newly created site with the registration behind a proxy.
Domain Name:SRGE.MOBI
Created On:21-Sep-2012 21:33:19 UTC
Last Updated On:21-Sep-2012 21:33:20 UTC
Expiration Date:21-Sep-2013 21:33:19 UTC
Another newly created fake website posting fraudulent news - the SEC is going to love this stuff.
Domain Name:SRGE.MOBI
Created On:21-Sep-2012 21:33:19 UTC
Last Updated On:21-Sep-2012 21:33:20 UTC
Expiration Date:21-Sep-2013 21:33:19 UTC
Sam, did you see where they made payments in the Quarterly report to Novamex Mineral S.A. (I am assuming this happened - although I don't believe it), just a BTW, (Novamex, a large independent-bottling conglomerate based in Guadalajara, Jalisco, property of the Hill & ac. Co.) I found that to be kind of interesting. Also, I hear they bottle and sell Sierra Mist.
Also, I didn't find anything in the Quarterly report about the 05/30/2012 purchase from Novamex.
I am curious to see if you can find the company, Novamex Mineral S.A. - I haven't found them but that is how it works with SRGE? Actually, the only place I find them is in forum posts.
I can't find anything on Rockridge Capital Holdings Corporation either.
I found NOVAMEX MEXICO, SA DE CV, which is in the soft drink business. It doesn't look like they have much interest in Gold mining.
IG
Southridge Enterprises (SRGE) Epic Run Coming Official PR Out This Week.
What is funny is that the touts on the SRGE board are using the Sierra blog to validate that it is a real company. Oh, and that SCCO is buying SRGE.
I guess they over look that the smoking hot Sierra predicted Microsoft was buying TAGG and didn't read the disclaimer.
It is odd that those guys can post this nonsense but when I posted "The Anatomy of a Pump and Pump" it gets removed.
Just amusing myself with the SRGE craziness.
IG
Holy Cow, I can't believe anyone is still using Sierra to validate any argument. Let's see:
1. "TagLikeMe (TAGG) PPS To Open At Minimum Of $2 After Potential Buyout By Microsoft (MSFT) predicts Sierra World Equity Review." How is that working out for Sierra?
2. Read the disclaimer it is very telling:
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!
Oh No, you didn't quote Sierra did you? And it is stickied!
Sierra also predicted Microsoft was buying TAGG.
Sierra = No Credibility
IG
Is this similar to the guaranteed Goldcorp buyout that was supposed to happen last week? I thought so - same deal.
Next week when SCCO doesn't happen there will be a new company that is going to buy SRGE and it won't happen......
Rinse and Repeat.
IG
Reason number 386 why SCCO wouldn't be involved with SRGE. The SRGE Attorney:
GRPH (Graphite Corporation) - Yikes! There are so many red flags here that we wouldn't be surprised if search and rescue helicopters start landing.
We'll start with the fact that this thing is babysat by Carrillo Huettel LLP, perhaps the biggest incubator of Pump & Dump schemes, operating under the guise of a law firm. Every penny stock these guys have had a hand in has created millions of dollars in investor losses and they've had their hand in plenty, whether it be as acting legal counsel, or the attorneys who filed the initial S-1 statements during the birth of the scheme. They have been involved in so many Awesome Penny Stock, P & D deals, that some wonder if they aren't one and the same, or at least joined at the hip. Currently live P & Ds these shysters represent or have represented in the past include GTCP, PRTN, SNPK, POWT, FEGR, SRGE, and RXAC. Pump & Dump campaigns that Carrillo Huettel LLP have admitted funding include KMAG, LDSI, and ARNH. We could on and on about the schemes this law firm has been involved in, but we would be here all day. If you don't get our point by now, you never will.
Please name them as I have many more connections with pump and dumps to the Huettel law firm.
My question is still if a company is real and wants to be uplisted and have investor confidence why would they use Carrillo Huettel as their Attorney - it doesn't make sense.
He has way too much interest from the SEC, so any company he is involved in will be heavily scrutinized.
IG
SRGE hasn't filed anything since 2008. They have a long way to go before being current with the SEC.
U.S. Securities and Exchange Act Rule 17a-5 requires that FINRA member firms file an Annual Audited Report not more than 60 calendar days after the date selected for their fiscal year end.
Here we go a another interesting item that highlights the Pump and Dump nature of SRGE. If SRGE were a real company why would they not get a real Attorney or one that didn't have such a shady past???
(February 14, 2011, 7:32 PM ET) -- A federal judge has ordered San Diego law firm Carrillo Huettel & Zouvas LLP to hand over its bank records in an investigation into the firm's possible role in alleged fraud by stock promotion company Skymark Media Group Ltd.
SRGE Attorney, here is some interesting reading. Now, you are telling me that SRGE is a real company - LOLOL!!!
GRPH (Graphite Corporation) - Yikes! There are so many red flags here that we wouldn't be surprised if search and rescue helicopters start landing.
We'll start with the fact that this thing is babysat by Carrillo Huettel LLP, perhaps the biggest incubator of Pump & Dump schemes, operating under the guise of a law firm. Every penny stock these guys have had a hand in has created millions of dollars in investor losses and they've had their hand in plenty, whether it be as acting legal counsel, or the attorneys who filed the initial S-1 statements during the birth of the scheme. They have been involved in so many Awesome Penny Stock, P & D deals, that some wonder if they aren't one and the same, or at least joined at the hip. Currently live P & Ds these shysters represent or have represented in the past include GTCP, PRTN, SNPK, POWT, FEGR, SRGE, and RXAC. Pump & Dump campaigns that Carrillo Huettel LLP have admitted funding include KMAG, LDSI, and ARNH. We could on and on about the schemes this law firm has been involved in, but we would be here all day. If you don't get our point by now, you never will.
Then you might want to read the Michael Davies = Alex Smid post by nodummy. I understand that real DD is foreign to the SRGE guys but give it a try.
SRGE Busted Again
Alex Smid = Michael Davies
When Michael Davies first announced a share buyback in November of 2011 it wasn't the first time that SRGE announced a share buyback. Back in 2006 Alex Smid announced a share buyback for the SRGE shell (then known as SORD).
For those that still doubt that Michael Davies is not just an alter ego for Alex Smid let's compare the quotes from the 2 press releases.
Here is the November 2011 press release issued by Alex Smid's alter ego (Michael Davies):
http://www.marketwire.com/press-release/southridge-minerals-announces-stock-buyback-for-up-to-22-million-pinksheets-srge-1583776.htm
Quote:
DALLAS, TX--(Marketwire -11/08/11)- Southridge Minerals, Inc. (Pinksheets: SRGE.PK - News) ("Southridge" or the "Company") is pleased to announce its Board of Directors has approved a stock repurchase plan. The repurchase of up to $2,200,000 of the Company's common stock was authorized.
Michael Davies, the Company's President, commented, "We are very pleased to announce this Stock Buyback program and believe it benefits shareholders at a time when our stock is undervalued. The Buyback program is intended to increase future earnings per share by reducing the number of shares outstanding and allow our share price to more accurately represent the quality and profit potential of our assets and operations to the investment community. Our shareholders have and continue to be our most important asset and rewarding them is a high priority.
"We have been dismayed by the sharp decline in our share price over the past two quarters. It is our opinion that the Company's share price has become significantly undervalued and we believe buying back the Company's shares, at the current price level, represents an exceptional investment opportunity."
Acquisitions of stock under the repurchase plan will be made from time to time as permitted by securities laws and other legal requirements, and subject to market conditions and other factors. Purchases will be funded by the company taking on equity or debt financing. Plan will continue as long as periodic management reviews it to be fiscally feasible and may be discontinued at any time.
Now read the quote by Alex Smid in 2006:
http://powerplants.einnews.com/pr_news/56324417/southridge-announces-stock-repurchase-plan-for-up-to-5-million
Quote:
DALLAS--Southridge Enterprises, Inc. (OTCBB:SORD) (the "Company") today announced that its Board of Directors has approved a stock repurchase plan. The repurchase of up to $5,000,000 of the Company's common stock was authorized.
Commenting, Alex Smid, the Company's President said, "We are very pleased to announce this repurchase program and believe it benefits shareholders at a time when we believe the stock is undervalued and increasing future earnings per share by reducing the number of shares outstanding. This program reflects the Board of Directors' continued confidence in the Company and commitment to enhance shareholder value. Our shareholders have and continue to be our most important asset and rewarding them is a high priority.
"We have been astounded by the sharp decline in our share price over the past year. The entire ethanol sector has traded down during the period. Nevertheless, we believe Southridge's share price has become significantly undervalued. That view is based on our assessment of the ethanol market over the next few years and its foreseeable recovery as ethanol margins return and supply & demand get back in balance. Accordingly, we believe repurchasing shares at these prices represents an exceptional investment opportunity."
Acquisitions of stock under the repurchase plan will be made from time to time as permitted by securities laws and corporate legal requirements and subject to market conditions and other factors. Share purchases will be funded by the Company's cash and through debt financing. The repurchase plan will continue as long as periodic management reviews deem it to be fiscally feasible and the plan may be discontinued at any time.
That is almost word for word the same exact quote being made by both Alex Smid and his alter ego, Michael Davies.
Is there still any doubt who is really behind the SRGE scam? Especially after reading this link
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=80543200
Who is Alex Smid
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=80519538
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WOW another pump and dump newsletter covering news about SRGE - who would have thought that - just amazing.
It is odd how on they are promoting SRGE when it is supposed to be a real company.
Here is some of the other stocks that OTCmagic has promoted: SANP, TAGG, PRTN and PWEI. And now SRGE very fitting as we all know SRGE is just another Pump and Dump like the others promoted on OTCmagic.
What you posted was just more evidence that SRGE is a FAKE company.
IG