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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:
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.
How about,
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:
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
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.
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:
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,
ATTN NEWBIES SRGE Press Releases Plagiarized! Now this is top notch DD
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.
Another newly created fake website posting fraudulent news - the SEC is going to love this stuff.
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:
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:
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.
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???
SRGE Attorney, here is some interesting reading. Now, you are telling me that SRGE is a real company - LOLOL!!!
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
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