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Anyone got an opinion/idea on this whole dividend thing?
After 3 weeks of contact with my brokers in Canada, myQuestrade finally paid me out yesterday (got emails posted on the SRGE board) but I'm still waiting on an investigation from RBC Direct Investing (Royal Bank of Canada).
Southridge Enterprises Inc. (OTC Markets:SRGE) ("Southridge" or the "Company") is pleased to announce today that Southridge Minerals, Inc., its wholly owned subsidiary, has issued a corporate update for shareholders of the Company to address questions arising from a recently announced joint partnership with respect to Cinco Minas. Southridge would like to inform shareholders that the joint partnership is no longer valid, and the Company is pursuing other joint partnership opportunities at this time. Although there have been a number of questions that have arisen from the events that followed our joint partnership announcement, the Company maintains that it has signed agreements and communications to verify all of its claims. The Company is currently working with its legal representation and has no further comment at this time.
"Obviously, we are disappointed with recent events, and it has forced us to re-evaluate some of our goals as a company, and where our focus needs to be directed. The fact remains that Southridge maintains several world-class mining assets in Mexico, notably Cinco Minas and Gran Cabrera, that has neither changed nor has it been effected," said Michael Davies, the President and CEO of Southridge Enterprises. "Our goal moving forward is to be focused on developing our considerable mining assets, while we continue to negotiate with other suitable joint venture partners on expanding these assets. Shareholders of Southridge own a very attractive and valuable precious metals mining asset, in a politically stable region that is favorable towards new mining initiatives. Taking this into consideration, it is our assertion that the Company is well positioned for both continued growth and development, and is an attractive acquisition or joint venture partnership target for a senior mining company."
Southridge announced the strategic focus of the Company is to:
• Continue to explore opportunities with potential joint venture partners who have expressed interest in both Cinco Minas and Gran Cabrera.
• Increase the profitability of the Company by completing the expansion plans for the Cinco Minas mill. In addition, the Company plans to evaluate and implement solutions at the Mill to increase efficiency.
• Expand current gold & silver assets in the Jalisco region with the continued development of Cinco Minas and Gran Cabrera, to increase the current mineral resource. In addition, explore opportunities to expand the Company's current footprint in the region through acquisition and claim registration.
• Amend the management team, with specific focus on expertise to facilitate developing the Jalisco properties and completing the mill expansion plans.
Lastly, due to recent circumstances and the holiday season, the Company would like to clarify that the December cash dividend has not been completed and has been postponed. Those shareholders that did not receive the dividend yet will be added to the distribution in the Company's upcoming quarterly cash dividend.
Lol...I'm pretty sure it was Russian (Cyrillic Alphabet)
http://www.google.ca/search?q=cyrillic+alphabet+russian&hl=en&tbo=u&rlz=1T4TSCA_enCA444CA444&tbm=isch&source=univ&sa=X&ei=VbACUfbuM--wigKcjoHgDA&ved=0CEEQsAQ&biw=1366&bih=582#imgrc=7-OWqOBmp8M_7M%3A%3BRC6kuaIYLhhtlM%3Bhttp%253A%252F%252Fwww.oocities.org%252Fvaniaivan%252Fpix%252Falphabet.gif%3Bhttp%253A%252F%252Fwww.oocities.org%252Fvaniaivan%252Falphabet.html%3B597%3B302
.... couldn't translate it though.....lol
Ok, gotcha....tks for restoring them again....
Ok so where do send my concerns too?.....since it just happened again and is off right now?
OK, now they are back on! WTF??? I was reading posts and noticed a couple posters I had blocked so I ignored them and went into my settings.... only those 2 on my list. So I went back to the board and sure enough, all my ignores were not being filtered, now after I message you, they appear again on my ignore list.... this is 2 times in what 2 or 3 days.... serious technical issues here? or WTF is going on?
....... and they're down 5.4% today :), dropped below the 200SMA..... should be interesting to watch! Could only imagine if they happen to get another lawsuit aimed at them......
http://stockcharts.com/h-sc/ui
Yeehawww!! ... hadn't checked yet today until u just mentioned that...... my Questrade account paid me out today as well (Dividend #2 - 0.0002)...still waiting on RBC Direct Investing...
1/23/13 DIV DIV 0 0 US$XXXXXXXXXX SOUTHRIDGE ENTERPRISES INC NEW CASH DIV ON XXXXXX SHS REC 01/08/13 PAY 01/08/13 NON-RES TAX WITHHELD USD
Reference number: XXXXXXXXXXXXXXX
Please use this ticket number in any correspondence with us.
Subject: Customer Support Request From MyQuestrade
Dear XXXXXXXXXXXX,
Thank you for contacting Questrade, I will be happy to help you with this.
We apologized for the inconvenience. I have submitted a request to our back office to investigate for this matter. Please keep XXXXXXXXXXX as your reference. We will contact you once there is any update.
Please feel free to contact me if I have not totally answered your question, or you have any additional questions. You can do this by replying to this email or starting a new email with my name in the subject line.
If it is more convenient for you, we are also available by phone 1.888.783.7866 or by live chat Monday - Friday: 8 am - 8 pm EST.
Please use this link to rate the response you received in this email.
Sincerely,
XXXXXXX
---------------Original Message---------------
From:
XXXXXX XXXXXXX < >
Subject:
RE: Customer Support Request From MyQuestrade (XXXXXXXXXXXXXXXX)
I still have not received my dividend. This is concerning because I have information that other brokerages such as Fidelity and Share-Builder to name a couple, have been paid cash from the company/TA and deposited the dividends into shareholder accounts.
XXXXXXXXX XXXXXXX
Ok so my ignore list was restored and then a few minutes ago... gone again... from 295 retards on ignore back to zero.....WTH??
This is why I pay ihub for premium. They need to fix this ASAP or refund money....this is BS!! Seriously!
Modified to .0018, filled in about 2 minutes or less.
Lol... sell here? .... I don't think so! Investing in my future :)
... and apparently I can get filled @ .0018..... nice!
That last 150k @ .0016 and they give me a partial fill with 15k???..... "WTF ... over"
Mine too...sweet!
Yeah wierd huh? What they want us to read basher posts???? IDK
Talked to admin a few minutes ago...... apparently a "glitch" they don't think will be recoverable..... 900 geesh! U got a lot of clicking to do now ................ :(
OK, tks for the reply Dan....already started...back up to 40 or so... in less than a day.... geesh! lol
Cheers
Can any of the admin please advise why my 'ignore' list of 200+ douchbags was deleted as of this morning.
It is one of the only reasons I pay for a subscription here on ihub, so I don't have to read their sh**! Now I have to go through and ignore them all again...really pissed!
PS - This happened to a number of people here today.
I have placed about 200 on ignore from the SRGE and HESG boards over the past few weeks... this morning.... all of them were off ignore........start the process all over again (sigh). Just reading posts from last night til this morning already have my ignore list up to 28 again lol.
Us Market closed today - Martin Luther King Day
The number of trades is relevant only when taking into perspective large trades with partial fills. IMO
As noted here: ... a sell for 1 million was exucted in partial fills through a total of 19 trades...... to compare, if you were to divide the 279 trades on Monday by that number (19), you get 15 orders..... which obviously is not great data to be basing opinions on... IMO
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=83402923
Also subsequent 'grey' trading days comparisons with the first day of opening on the greys are out of perspective as it would be logical that some would sell immediately upon the market tier change, simply based on that fact alone. Again.... IMO
As time goes on it should give a better comparison....
Approximately 145 mil traded last week.
If that offer still stand, I'll take it.
Could you post a screenshot of that email rather then a typed one please?
Quite the interesting connections here:
To - Nguyen - Le
HESG - LATF - Kaloca - GTG - Zenetek - Modiax - EXMT - BISU ..... and more ...
So week 1 on the greys we had a total of 144,218,608 shares traded, 74,528,686 on the first day, and 69,689,922 the last 4 days.
Considering there were likely some scared traders/flippers dropping out on Monday it doesn't look like there are many longs selling........
Take for instance this trade......
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=83402923
A buy for 2 mil and 2 sells for 1 mil each adding up to 4 million ...... for 1 flip, 1 trader, 1 day. This one flip alone constituted 5.4% of all trades for the first day, and 2.8% of all trades for the week.
Then take into account other longs (such as myself), being a relatively small holder here, adding more to my position, accounting to more than 1% of all trades for the week......with no intention of selling.......
I think it's safe to say that it definately appears to be ZERO DILUTION.
After the initial drop upon entering the greys, the price has remained in the .001 to .002 range, a considerable drop from trading a month ago, but also allowing those not selling to considerably lower their averages and locking down alot more shares of a float that appears to be 'extremely ..... oversold in the worst way'.
It appears as if the ears are NOT listening to the mouths here and continuing to accumulate...... causing a hidden panic, still behind the scenes.... for now.
There is definately room for questions on both sides of the fence, but for now, IMO, silence is GOLDEN!
Cheers to my fellow shareholders!
Momo, I believe that was a quote from my email from RBC Direct Investing that he was refferring to, that's all. See my last post.
Cheers,
The following is my continued communication with one of my brokers holding some of my SRGE shares (RBC Direct Investing - Canada). Take from it what you will.
Cheers,
-----Original Message-----
Sent: 16 Jan 2013 14:28:46
From: XXXXXXXXXXXXXXXXXXXXXXXX
To: RBC Direct Investing
Subject: RE: Other Inquiries
Hi, I'm wondering if anything has come of the supposed dividend? I noticed OTCBB lists the Ex-Dividend date of Jan. 4, 2013, but I have not seen anything listed with Finra. I am, however, aware of investors around the world, US and British account holders, that have received those dividends, one such brokerage being Fidelity. I am curious if Southrdige has paid the dividend to the Shareholders of Record but those that have been sold short shares from off-shore hedge funds (see S2E2 on the Berlin exchange to understand what I'm talking about here) are waiting for those same short sellers to pay the dividend that by law they have to pay?
Also, I am curious if SRGE were to transfer to another exchange, the BMV (Bolsa Mexicana De Valores) for instance in Polanco, D.F., Mexico, do my shares automatically get changed/transferred, or would I potentially run into problems, if for instance there are Naked Short Shares of 5 times the float?
How would the monetary system work?
Would it simply be listed in pesos?
Can I hold BMV listed shares in my account, and buy and sell them?
Also, what would happen if, for instance, other investors requested share certificates from the TA/DTCC to the point where (if Naked shorted) there were none left available for the shares that I own? Would RBC Direct Investing be forced to cover the short position at the price I request? To eliminate the possibilities of a potential shortage of shares is it possible for me to request my certificates and re-deposit them once SRGE has changed to a new market, considering SRGE has a share exchange agreement?
Please respond to all questions in detail to save on excessive emails.
Thankyou very much. Your responses are very appreciated.
Sincerely,
XXXXXXXXXXXXXXXXXXXX
-----Original Message-----
Sent: 18 Jan 2013 16:00:31
From: RBC Direct Investing
To: XXXXXXXXXXXXXXXXXX
Subject: RE: Other Inquiries
Dear Mr. XXXXXXX,
My name is XXXXXXXXXX and I'll be happy to assist you further with your inquiries regarding Southridge Enterprises.
Due to the character limitations, this message will be sent in two responses. This is the first of two messages.
We are currently investigating the dividend payment for your account XXXXXXXX. At this time, accounts under RBC Direct Investing holding SRGE have yet to receive this particular dividend. Contrary to the previous information you have received, this dividend is considered a special dividend because it doesn't follow the regular ex-dividend, record, and pay dates. In addition, whenever a dividend is declared and the amount of the dividend is greater than 10% of the value of the stock, it is also considered a special dividend. I will respond back once I receive further information with respect to the dividend payout.
Unfortunately we are unable to comment on issues or problems with the company if the listing goes to a foreign market.
If SRGE was to transfer to a foreign exchange (eg. Mexican Exchange), your shares would still stay in your RBC Direct Investing account. Since RBC Direct Investing only participates on the Canadian and US Markets, the shares would no longer show a symbol. For example, if you are holding SRGE on the USD side of your account, it will still be shown on the USD side, however it will be considered a foreign stock. The stock will not be displayed in Pesos but rather in USD, although the underlying stock may in fact be listed in pesos. If this does occur, to sell this stock you would have to call into our centre at 1-800-769-2560 to place the order. Often, if a stock is listed on a foreign stock exchange, it can still be sold on US OTCBB provided it is the same underlying stock. These stocks are considered interlisted stocks.
Mr. XXXXXXXX, thank you for contacting us. If you'd like more help with Southridge Enterprises, just ask in a reply to this e-mail or call us at 1-800-769-2560 - Monday to Friday from 7:00 a.m. to 8:00 p.m. Eastern Time.
Sincerely,
XXXXXXXXXXXXXXX | National Client Liaison | RBC Direct Investing
RBC Direct Investing Inc.* and Royal Bank of Canada are separate corporate entities which are affiliated. RBC Direct Investing Inc. does not provide investment advice or recommendations regarding the purchase or sale of any securities. Investors are responsible for their own investment decisions. RBC Direct Investing is a business name used by RBC Direct Investing Inc. *Member-Canadian Investor Protection Fund. ® / Trademark(s) of Royal Bank of Canada. RBC and Royal Bank are registered trademarks of Royal Bank of Canada. Used under licence. © Royal Bank of Canada 2013. All rights reserved.
------ Do not delete this ID/Evitez de supprimer le numéro suivant: ------
XXXXXXXXXXXXXXXXXXXXXX
To : XXXXXXXXXXXXXXXXXXXXXXX
From : RBC Direct Investing
Subject : RE: Other Inquiries
Date : 18 Jan 2013 16:06:31
--------------------------------------------------------------------------------
Dear Mr. XXXXXXXXX,
Due to the character limitations, this message will be sent in two responses. This is the second of two messages.
OTC issues are subject to a much greater chance of market manipulation, due to the minimal regulatory oversight of both the issues and the market in general. There is no real time surveillance of the OTC market as there is on a regulated stock exchange, increasing the risk of this market manipulation.
There are few if any listing requirements for US OTC stocks. Many issuers are incorporated overseas, and have limited or no requirements for financial disclosure and reporting. As well, the ability of any persons or regulators to pursue regulatory actions or legal recourse against such foreign entities is limited. It is imperative that you research your trades carefully before participating in this market.
Please note, due to the nature of OTC stocks, many Canadian financial institutions will not accept share certificates. RBC Direct Investing may be able to provide the share certificates on request, however it is our policy that we are unable to deposit these certificates into RBC Direct Investing accounts. To clarify, even if we were to issue you a certificate for the shares, we are unable to accept these same certificates back at RBC Direct Investing. There may also be issues depositing these certificates at other financial institutions. I am investigating if we are able to issue these certificates. Please note, the certificate request fee is $50 + tax. As soon as I receive the information, I will respond back.
At the time of this response, you are holding XXXXXXXXX shares of SRGE. You do not have a short position in this shares. From the perspective of RBC Direct Investing, you have a long position in SRGE.
I hope the information above answers your questions. As I mentioned, I will be responding back with respect to the dividend payout as well as if we are able to issue share certificates for SRGE.
We appreciate your business.
Mr. XXXXXXX, thank you for contacting us. If you'd like more help with Southridge Enterprises, just ask in a reply to this e-mail or call us at 1-800-769-2560 - Monday to Friday from 7:00 a.m. to 8:00 p.m. Eastern Time.
Sincerely,
XXXXXXXXXXXXXXXX | National Client Liaison | RBC Direct Investing
RBC Direct Investing Inc.* and Royal Bank of Canada are separate corporate entities which are affiliated. RBC Direct Investing Inc. does not provide investment advice or recommendations regarding the purchase or sale of any securities. Investors are responsible for their own investment decisions. RBC Direct Investing is a business name used by RBC Direct Investing Inc. *Member-Canadian Investor Protection Fund. ® / Trademark(s) of Royal Bank of Canada. RBC and Royal Bank are registered trademarks of Royal Bank of Canada. Used under licence. © Royal Bank of Canada 2013. All rights reserved.
------ Do not delete this ID/Evitez de supprimer le numéro suivant: ------
XXXXXXXXXXXXXXXXXXXXXXXXX
Pitiful desperation!
Link to Nevada gov. website showing A/S still 1.5 billion.
http://nvsos.gov/sosentitysearch/CorpDetails.aspx?lx8nvq=aAcyYO1iIpfDt%252bkO7ehU8Q%253d%253d&nt7=0
It's strange ... you would think if shorts thought this was really dead they wouldn't have to make up crap like "float of 4 billion..." .... I mean common, really?
oh? ..... maybe when we see it filed with the state........ lmao
http://nvsos.gov/sosentitysearch/CorpDetails.aspx?lx8nvq=aAcyYO1iIpfDt%252bkO7ehU8Q%253d%253d&nt7=0
THEY COULD NOT FIGURE THE STOCK COUNT WITH OVER THE COUNTER STOCK ON THE GRAY MARKET.
Nope. Website works.
Actually I don't think any of the PR's after 10/15 were ever posted on their website.
Crazy. How long ago did you buy into SRGE?
Absolutely! I've increased my holdings by almost 65% this week :)
Polanco? Really? That wouldn't be where the Bolsa Mexicana De Valores is, now would it? Are you insinuating something here...?
I mean, come on...... really....
A Mexican gold miner with Mexican politicians on its B.O.D., taken advantage of on the OTC is gonna want to change to the BMV in Polanco, Mexico, D.F. ................ that would just make waaaaaaaaaayyyyyyyyyyy too much sense!
It would give it easier access to Mexican investors........
Nahhh! No way! lol
Not sure I understand... are you saying that if we pull our certs we will go to the new exchange but if we leave our shares in our accounts we will not move to the new exchange with those that did???
You really need to explain this because it is simply not adding up.
SRGE Long,
and what kills me to this day is the no. of legit co.s killed off for stock manipulation that benefits *few* at the expense of many
Just want to say that I for one definately appreciate your DD and posting 4k9p! Thankyou.
FWIW, if you check a post of mine on SRGE from yesterday, I have posted a conversation/emailing w/ one of my brokers - RBC Direct Investing regarding the 2nd dividend.
Cheers,
Grey or uplist?
The Commission temporarily suspended trading in the securities of Southridge because of questions regarding the accuracy of statements made by Southridge in press releases to investors concerning, among other things, the company’s business operations and arrangements, including certain claims regarding a joint partnership and an arrangement to obtain funding and to change the listing venue for Southridge stock.
Assumptions made by many regarding SRGE...... but really.... I think all should re-read this....
Did they get dropped to the greys because of the suspension, or did they get suspended, with one priority being to uplist, and suspended to protect investors while this sh** gets sorted out??
There is some tricky wording here.......
Possibilities..............