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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
=)
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
I am defending BGL in anyway, as I haven't done any DD on them at this time because they aren't doing a pump and dump.
It is the first time I have heard of Alex Smid being associated with Bandera.
First, I believe it has been well documented that Alex Smid is still involved with SRGE - he loaned over a $1 million. Check out where nodummy looks at past press releases etc and shows Michael Davies = Alex Smid.
Look at Smid's Vodka business he has the MO in that he has a fictitious company providing financing. Just like he does currently with SRGE.
Same bunch of crooks still running SRGE.
IG
Hey MoMo, you do realize the JAW DROPPING photo was from 2007. SRGE late breaking news from 2007 - this stuff is getting more ridiculous each day.
IG
Turn a blind eye - or just look at all of his posts about the Goldcorp buyout. Even a caual observer will say he guaranteed a buyout. But if you don't want to believe it that is cool.
Or how about when he stated SRGE was APS nest play. I guess he didn't say that either.
Or the uplisting of SRGE last week - your leader has a pretty bad prediction record - similar to Sierra- Hmmmmmm?????
IG
The SRGE pump and dump attorney doesn't want to cross swords with the SEC.
How many pump and dumps has the guy been involved in besides SRGE - 10 to 15?
Check the Fraud Research board and you will find him associated with many.
IG
Hmmm,
Monday, October 15, 2012 1:00:07 PM
Re: nodummy post# 39450
Wrong again Nodummy! Not only is BUYOUT a rumor it will be a reality sometime next week!!! you definitely should BUY some SRGE now!!!! Load up and get RICH!!!
Is SRGE George Sharp's next target? I have been in contact and sent the DD and fraudulent press releases to him.
Goodnight SRGE it has been nice knowing you. Now comes the ban hammer.
IG
Yes, and I called IR in Phoenix and everyone stated that there was no substance to a buyout of Southridge.
Two people with Southern Copper both said there was no truth to the rumors. They absolutely did not say "No Comment".
I always verify any information - unlike the SRGE guys.
I believe from the reaction that if the buyout rumors continue SCCO will issue a statement - just as Goldcorp did with Lone Star Gold when the pump and dump newsletters were claiming buyouts.
IG
How did the guaranteed Goldcorp buyout of SRGE last week go??? Like the SCCO buyout rumor will go NOWHERE - God I love the SRGE guys those guys believe anything LOLOL!!! Here are few posts about the Goldcorp guaranteed buyout - looks a great deal like the SCCO buyout.
Quote:
MoMoRaptor
Monday, October 15, 2012 1:00:07 PM
Re: nodummy post# 39450
Wrong again Nodummy! Not only is BUYOUT a rumor it will be a reality sometime next week!!! you definitely should BUY some SRGE now!!!! Load up and get RICH!!!
So, MoMo states that Goldcorp has already looked at SRGE - by this he is saying it isn't a rumor but that he has personal knowledge it is going to happen.
Quote:
MoMoRaptor
Friday, October 05, 2012 10:16:39 AM
Re: Lone Ranger 2 post# 34681
WRONG Lone Ranger 2! NOT only would GOLDCORP look at SRGE it already HAS and BUYOUT is very likely to happen!!!
Quote:
MoMoRaptor
Thursday, October 04, 2012 11:12:12 AM
Re: Chiron post# 34316
ALERT: EVERYONE SHOULD BUY SRGE CHEAPIES NOW BEFORE GOLDCORP BUYOUT HAPPENS!!! VERY HIGH CHANCE IT WILL!!!!$$$$ JUST GOT WORD OF SOME REALLY IMPORTANT DEVELOPMENTS!!!!
Quote:
MoMoRaptor
Tuesday, October 16, 2012 12:21:57 AM
Re: ranger2339 post# 39933
Wrong! BUYOUT is going to happen! not much anyone can say or do will change that!!!
Quote:
MoMoRaptor
Friday, October 05, 2012 10:06:10 AM
Re: WarMachine post# 34659
WRONG!!! VERY HIGH POSSIBILITY GOLDCORP BUYOUT OCCURS!!!! MARK MY WORDS!!!$$$
Quote:
MoMoRaptor
Monday, October 15, 2012 12:29:50 PM
Re: Muffinman32 post# 39429
Yes looks like BUYOUT will happen sometime next week!!! load up now!!!
Quote:
MoMoRaptor
Thursday, October 18, 2012 12:27:15 PM
Re: halbroke1 post# 41919
Agreed!!! SRGE is BUYOUT target!!! BIG BOYS are coming in and many of us early bird investors will be SUPER RICH!
Quote:
MoMoRaptor
Monday, October 08, 2012 3:25:52 PM
Re: Menchox post# 35685
WITH GOLDCORP BUYOUT AROUND $33.88!!!!
Quote:
MoMoRaptor
Monday, October 15, 2012 1:05:57 PM
Re: PIRAT post# 39479
Post # of 43478
Niceeeee BUYOUT writeup!!!! this is my fav part!!!!
Quote:
But, gold is now trading about 225% above its 2006 price. That means the $9.5 billion Goldcorp paid for Glamis in 2006 would be more like $20.7 Billion today. If Goldcorp pays just $9.25 billion for Southridge's properties, the per-share price (545,874,868 million shares) works out to $16.94 per share of Southridge Minerals (SRGE)!
But, if Goldcorp has to up the anti due to current gold prices, a price tag of $18.5 billion works out to $33.88 for each share of Southridge Minerals (SRGE) that you can buy now for under a penny!
Quote:
MoMoRaptor
Thursday, October 04, 2012 10:33:33 AM
Re: isee1 post# 34272
$33.88 - Goldcorp BUYOUT a Brilliant move by SRGE.....makes total sense!!!!$$$$
Quote:
MoMoRaptor
Thursday, October 04, 2012 11:09:42 AM
Re: fh6282 post# 34310
I have a feeling that GOLDCORP - SRGE BUYOUT could happen sooner than we think!!!!$$$$$
I-Glow
SCCO buyout rumor shot down and they classified it as a BASELESS rumor. This was posted by the DD expert nodummy from the Fraud Research Board - where all SRGE information should be posted as it is all a fraud.
nodummy
Monday, October 22, 2012 4:01:36 PM
Re: None
Not that anybody really believed the rumor, but I wrote Southern Copper Corporation through their website
http://www.southernperu.com/ENG/Pages/default.aspx
and asked them about the buyout rumor started by Sierra Equity.
They wrote me back and called it a baseless rumor. I've already reported the Sierra Equity blog site to the SEC for illegal market manipulation.
Here is a screen shot of that email (my email address removed)/quote]
IG
You do know this nonsense was started on the Sierra Blog? Have you read the disclaimer - I didn't think so or you wouldn't be buying into bogus buyout rumor.
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!
How can a fake company own anything??? How is the information coming on the Phantom CEO Michael Davies - I guess his resume is extensive since it is taking over 6 weeks to post LMAO!!!
I guess the are buying Cinco Minas with the fake financing from Quixstone Investments, Inc. and Duvernoi Capital Investments Inc. - hey where are they located and what other financing have they done - I already know the answer - they don't exist except in SRGE press releases.
IG
Now that is funny - I guess anything to divert attention away from the all of the false information SRGE has released.
Don't worry the SEC ban hammer is coming to the criminals running SRGE.
BTW, tell the CEO Alex Smid he needs to do a better job of fake buyouts than using Sierra.
Hey, Sierra says Microsoft is also buying TAGG.
IG
Actually, it isn't a garage. He is an engineer and Bandera is in the same office. If you look at the satellite view on Google maps it is an office building.
I am not a BGL apologist and don't know if they are legit or not but I do know SRGE is running a pump and dump not Bandera - I don't know about 2008 I will look into it - plus it is 2012.
But, if posting you need to be factual:
IG
How is the fake SCCO buyout going? Oh, I know it is like the guaranteed Goldcorp buyout of last week and the guaranteed uplisting last week - non-existent and not happening.
You guys did read the email nodummy received from SCCO. It stated the rumor is BASELESS - LMAO!!! Not, "no comment" but the rumor was baseless!
Oh, you did know that Sierra also posted that Microsoft was buying TAGG. Great source for the SCCO buyout fake rumor.
IG
It's very odd language for a Judge to use the words, "a group of convicted felons".
Seems George is very litigious.
IG
Because it is a APS play that is just a pump and dump with zero substance.
Turn out the lights, the party is over.
IG
PRTN was supposed to have a hard mailer - someone even posted a grainy photo that looked like it was taken with a 1 MP camera. But there was no mailers.
I would be a little surprised if APS did a hard mailer just because of the cost and the bad mojo associated with TAGG.
IG
What is Sierra saying today? LOLOL!!!
IG
HAHA LMAO the last 6 srge pr's were wrote by none other than .......
I agree about the track record
Yup i believe Momo's predictions..he has a great track record! :)
And this information is from a press release where nothing can be verified. LOLOL!!!
IG
This is accurate, SCCO has classified the buyout as baseless.
How could any real company buy a non-reporting shell that went dark over 18 months ago - NO a unaudited financial report does not count as it was just a rehash of the press releases.
Plus, the shady past and lack of anything verifiable in the press releases from SRGE.
It is just like the guaranteed Goldcorp buyout last week, the uplisting last week.....
IG
Or be a mindless puppet - see AMWI.
IG
New Investors Please Read Before Losing Any Money
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 go 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.
Yup "bon fide" SRGE is a pump and dump. Unaudited financials, using a notorious pump and dump attorney.
Only information about SRGE is via press releases.
CAVEAT EMPTOR - INVESTORS BEWARE of this Scam.
IG
People are bailing because they read the real DD. They want to know about the Phantom CEO and the fake financing companies.
They bailed because there is nothing about SRGE that can be verified - it is all information from press releases.
It's pretty simple most are scared because of the shady past and that Alex Smid is still involved with SRGE and the one pulling the srings.
IG
I think wed need to post all of the rumors the guy talking about the SCCO buyout started that didn't come true.
Here is a sampling and I can document them all.
1. Guaranteed Goldcorp buyout of SRGE last week.
2. That SRGE was the next APS play.
3. That SRGE was going to be uplisted last week.
4. That Michael Davies exists - but never provides evidence - Michael Davies = Alex Smid (still running SRGE).
5. That SCCO is going to buyout SRGE - God that is funny.
Shall we continue?
IG
One of the many WRONG predictions!!!
MoMoRaptor
Monday, September 24, 2012 10:13:07 AM
Re: None
WOW! WOW! APS starting coverage on SRGE!!!$$$$ The SRGE Party has officially started!!!
Ask the SRGE guys about having a Phantom CEO Michael Davies that only exists in press releases - he has no work or education history posted anywhere.
Ask, about the fake financing companies Quixstone Investments, Inc. and Duvernoi Capital Investments Inc. and why they don't exist anywhere but in SRGE press releases? Look them up for yourselves - can't find them.
SRGE fake research company - said to be around since 2001 but has only produced one report - you guessed it for SRGE.
The company is bogus and doesn't exist except for this pump and dump.
Look at nodummy's research on SRGE.
SCCO buyout - LMAO!!!
IG
That's not true - they defined the SRGE buyout as baseless rumors.
Before getting all giddy about the SCCO buyout LMAO!! This buyout is based on the Sierra blog only. Hey, what about the guaranteed buyout by Goldcorp last week - like most SRGE stuff it is always NEXT WEEK.
Oh, Sierra also said,
Microsoft (MSFT) To Purchase TagLikeMe (TAGG)
DISCLAIMER
This blog is for fictional and entertainment purposes only!...All materials presented on this web site are not to be regarded as investment advice and are only offered for fictional and entertainment purposes. The accuracy, information or completeness of the picks posted on this blog is for fictional and entertainment purposes only!... Sierra, Adam and Johnny and all other characters ever mentioned and presented by the publisher in this blog are fictional characters and all posts in the blog should be construed as being for fictional and entertainment purposes only!
Yes, WarMachine those of us fighting to stop the fleecing by the scamming SRGE must inundate the SEC daily with the bogus press releases, the fake financials, fraudulent claims of a buyout, bogus uplising info and the list is endless.
The SEC will want to know more about the Phantom CEO Michael Davies - still waiting for the work and education history.
The SEC will be very interested in the fake financing companies Quixstone Investments, Inc. and Duvernoi Capital Investments Inc.
Oh, the press release where SRGE claims to have found drill results of 268 g/t at Cinco Minas - completely fake.
We must keep fighting the good fight to stop this atrocity.
But, the trading halt will be fun to watch. I love to stop these pump and dumps and it won't be long for this one to be stopped.
IG
Stervc, this isn't true,
Tumi Resources and their team reviewed an underground high-grade mining option that gave resource numbers too low to be of interest to Tumi Resources because of how low the price of gold was back then.
Before getting all giddy about the Microsoft buyout. This buyout is based on the Sierra blog only.
You need to read the Sierra disclaimer:
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!
Today Sierra is blogging from Moscow where she is to meet high level Kremlin leaders in an effort to help secure an early release for 2 female band members of the Russian punk band "Pussy Riot".
More SRGE Hocus Pocus BS. From another press release in January that is just now being talked about because of the "silent Partner"
Phase 1 of the MPP is exclusive to processing ore through the mill supplied from the 71,734 tonne stockpile onsite with an average grade of 1.66 g/t Au (gold)
Before getting all giddy about the SCCO buyout LMAO!! This buyout is based on the Sierra blog only. Hey, what about the guaranteed buyout by Goldcorp last week - like most SRGE stuff it is always NEXT WEEK.
Oh, Sierra also said,
Microsoft (MSFT) To Purchase TagLikeMe (TAGG)
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!
It wasn't 2004. Tumi closed up Cinco Minas at the beginning of 2006.
The Company also conducted a geological survey and drill program on the Cinco Minas Property in early 2005. Results were received in May 2005. Based on the results, the Company determined to cease further work on the Cinco Minas Property in 2005. As a result, in fiscal 2005 the Company recorded a write-off of $2,926,030 of acquisition and exploration costs, reflecting the abandonment of the Cinco Minas Property.