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I am already sitting on huge profits from earlier entry prices below $0.0010. I also sold what I invested, plus some for some spending money, and now I am riding for free. This was definitely an attack by shorts.
I loaded some more at 0.0062. Very nice dip that was unexpected.
They are desperate and panicked IMO. I just picked up some more. Just wait until the storm weathers and the lies are exposed.
I am picking up more. The shorts had to figure something out IMO because they were panicked and losing their britches, leaving them naked and unable to cover.
I saw this already. Thanks for reposting the blog post though.
I agree. If this was actual news it would have posted as an official press release and shown here and other places. I am loading up more.
MoMo, you said that after market open we would not be able to pick up any more cheapies. I still think the current price is cheap and way undervalued based on the news that was released. I might pick up some more once my funds hit the account. :)
A/S and O/S have two totally different meanings that some don't understand. An increase in A/S does not mean that the company is diluting at all. I have seen this many times before where a company increases the A/S. O/S refers to how many shares the company has issued and are shares that are being traded on the market, including restricted shares.
In my experience, companies can choose to issue some of their A/S to purchase assets or execute business growth incentives. In the case of SRGE, I can only see them issuing some of their A/S to purchase more gold property and expand operations. IMO, when a company issues some of their A/S and replaces it with actual assets, shareholders do not loose out and while more shares are on the market, it does not result in dilution. I personally prefer equity financing over debt financing when a company chooses to expand operations. When the buyout news comes out and the share price skyrockets, SRGE would be ready to explode and could use the higher share value to their advantage to rapidly acquire properties and expand gold mining operations.
What are your thoughts?
If they get a buyout for $1 billion and issue 20% of those proceeds in the form of a one-time dividend as they stated, that would put the dividend payout at around 37 cents per share. Two companies have interest in the Cindo Minas site and I can easily see it becoming a bidding war between them. Let's wait and see what happens.
Not bad at all, and that is just for the fourth quarter. If they do this on a quarterly basis and keep the same dividend payout rate, that would be over 12% annually at the current price.
I agree. The lower this goes, the more I can accumulate, and the higher my dividend gets. Purchasing at its current price would yield about 3.3% compared to around 2.7% from yesterday's prices.
I agree. The CEO seems to be focused on rewarding investors. I believe one of the reasons this is the case is because much of the debt was converted to stock as a form of equity financing. I believe the financiers were smart in converting the debt over because they could draw much larger dividends and increases in value when compared to the 5% or 6% loans, whatever the interest rate was.
tob999, I find it interesting how SRGE is still being called a scam when there is a mass of DD and verified information that supports the fact that SRGE is a real and operating company with real income and real dividends. We received our last dividend, just as SRGE stated. Now I am sure that we are going to receive the next dividend, just as SRGE stated. This time though, the dividend is almost 700% more than the previous dividend and around 2.73% of today's closing price. The 2.73% dividend is for the fourth quarter. If SRGE continues this dividend each quarter at this same rate, the annual dividend payout would be at 10.96%. This is a far better payout than any savings account gives you in distributions. This does not reflect future share pricing, increased mining rates, JV situation, or other scenarios.
At this point I trust SRGE, until they prove me otherwise and don't deliver on what they state.
This means that I will be getting a 66% dividend payout on the shares I picked up at $0.0003. For those that got in early and held their shares, they are getting a much higher percentage than the current 2.85%. Even at 2.85%, this is a very nice dividend, especially for a sub-penny stock.
SRGE did not mislead us. They clearly stated what their intentions were if they sold the property. I would lose trust in SRGE if they stated that the property had been sold when it had not been sold and promised on something they could not deliver.
Well put. I also invest in SRGE for its value. I personally believe that investing in gold mining stocks is better than holding on to physical gold. Holding physical gold ensures you retain the value of your assets as government decreases the value of our currency through uncontrolled printing. Holding stock in a gold mining stock means that you not only hold your value, but the company profits from price increases in the value of gold.
I also like the fact that SRGE is scooping up cheap properties and capturing much higher asset value through those purchases. SRGE is also operating in Mexico. Mexico has fewer regulations compared to the U.S. which helps SRGE capitalize on higher profits. The U.S. is really a bad place to conduct business these days with excessive taxation, excessive regulations, and government corruption in general. It won't be long before the U.S. confiscates gold again as it did in 1933 under FDR. Under the current circumstances, I believe that SRGE is acting appropriately to ensure that the company can succeed.
Agreed. Many companies have increased their A/S to provide easier access to equity capital should they need it to expand operations. The increase in A/S does not mean that SRGE will use those shares, but makes them available should SRGE come across a top-rate mine, or property, that the company needs to move quickly on to purchase. Timing can be everything and while it might appear as dilution, the company would actually be using the funds received to purchase more assets.
More money printing = higher gold prices
As fellow investors, you all know what happens when a company issues more shares of its stock to raise capital but does not use those funds to create value effectively. This results in dilution and a devaluing of a company's shares. The same can be said when our government continues releasing more shares (Printing money).
What does this mean for SRGE? This means that gold prices are going to skyrocket because of the election results and no halt to the continued spending and printing. SRGE is going to profit highly on gold with the increase in prices and is a target for a major buyout. IMO, it is better to own a gold mining stock than actually holding on to physical gold. Holding on to physical gold ensures that you retain your wealth as the dollar plummets while owning shares in a mining company that profits from this means you only gain momentum.
I agree but I don't think we will receive it that soon. It is unfortunate that this administration believes that instead of controlling its spending, it can simply tap our pockets for it. I can't go to my boss and demand a raise because I can't control my spending. Why is government able to?
I am very excited about SRGE and I do believe that SRGE is shielded to some degree from government hypocricy. The fact that SRGE is mining gold means that if government continues to print money out of thin air, devaluing the currency, gold prices will continue going up. The fact that SRGE is mining in Mexico also means that the company can avoid some of the unnecessary regulations that the United States government has imposed on mining operations.
You have been saying that and similar things ever since SRGE was at and below $0.0050. Let's see how much of a stall occurs once they release confirmation of a 20 cent dividend. My guess would be that SRGE would not be remotely close to these levels once that occurs.
Very true Garyst,
I like to play it safe as well and by reclaiming my original investment by selling some of my shares, it is nice to ride for free and still see huge returns as the stock goes up. I don't "Jump all in" or sell out based on hype. I can see SRGE going up huge if they announce, and then deliver, on a 20 cent dividend, just as they did on the recent dividend payout. If it happens, it happens. If not, I think more news will come. Ups and downs occur and some investors get bucked off easily. You don't want to hold on to a bad company and follow it down all the way, but you also don't want to let go of a good company that has delivered, and continues to deliver, on what it says it will do. When things are going good, we should not let volatility buck us off.
I have been sleeping good for a while. If I had listened to the people claiming SRGE was a scam, I would not be sitting in such high profits right now. I would rather put my trust in a company that has delivered what it said it was going to do rather than someone making a claim that SRGE is a scam with insufficient evidence to back their claim.
The dividend that was paid out, was actually paid out. Even though it was small I think it is just a taste of things to come.
I think it will be huge when SRGE delivers a 20 cent dividend. In my experience, investors will trade a stock from between 3 to 5% of the price-to-dividend ratio right before the ex-dividend date. To investors, it is very profitable to claim even a 3% dividend compared to having their money in savings with a small 1% interest payment, if that, under the current rates. Once the ex-dividend date passes, the stock typically drops back to a certain range from a sell-off as people sell off some and wait for the next dividend payment. If we predict that the stock would trade in the range for a 10% dividend payout with the 20 cents per share, this would put the price per share at $2.00. I think we could see prices much higher than this depending on earnings, asset valuations, and future dividend payout rates.
Selling one of their properties would provide substantial funds to expand operations at their other properties. Sometimes, if you want to grow, you have to let go of something to generate capital. This sale would provide SRGE with more-than-adequate funds to beef up mining operations.
I wonder how we just got paid dividends then. There must be some truth to SRGE, lol. This is the same old song and dance here. I personally take a "Middle of the road" approach to investing and look at both sides. I am pro-SRGE but also look for confirmation of any claim made for, or against, SRGE. From what I have seen so far, the proof is in the pudding and SRGE has delivered on its claims.
Are you shorting?
I would suggest that we all do our own DD on this, or any stock. We shouldn't jump to conclusions that SRGE is a scam or super stock based on what other people say. Many times, there is a motive behind bashing or promoting a stock. From what I have seen, SRGE is doing all the right things. So what if there is speculation that it is a scam. So what if there is speculation that SRGE is soaring. First of all, I don't have more invested than what I am willing to lose. Second, I plan on holding the stock for quite some time. I consider gold mining stocks to be a better alternative to holding physical gold. With Obama's reelection, continued printing of money, uncontrolled spending, and more (devaluing our currency), holding gold will retain your value. Owning shares in a mining stock would prove to be much more beneficial IMO because the company profits off of inflation and gold prices.
I am long SRGE and I have been given no reason to sell. If the stock tanks and I am holding shares, it is my own fault and I simply lose the funds that I was willing to lose. It is kind of like playing the lottery, but with much higher probability. You lose your investment when you purchase lottery tickets, but the potential for extreme profits is there. That is how I feel about SRGE.
I never said the buyout posted by Sierra would actually happen. I stated what needed to happen to achieve that price IMO. Also, many investment advisory services use that same, or similar, disclaimer to protect themselves in case their predictions don't come to fruition. Anyone that claims, without a doubt, that a stock is going to soar or sink, should not be trusted. I am pro-SRGE and I believe this company is going to grow, but I also don't make frivilous claims as many on here do, including you. Many times, there is an alternative agenda than simply stating an opinion.
Like always, it never hurts to speculate and investors should do their own DD. Another word of advice I would have is that you don't invest more than you are willing to lose with these types of stocks, or any stock.
Do you watch sports? Which team do you support? I bet your team does not always win, does it?
Yes, Sierra did predict a buyout of $2.50 or more. It could very well happen but SRGE would have to buy back more of their shares IMO. If it is anything like what they did previously, SRGE would have already bought back and retired shares while letting investors know after the fact. Just wait and I think we might be surprised.
They are playing the ups and downs of the stock, but I thought you would know that. You can be long and still buy low and sell high with fluctuations in the stock value. I am holding my shares but I have some friends who are also long, but play around with a small portion of their holdings. They don't want to miss out when SRGE takes off so their main holdings remain in their hands.
If you go to the link below and look under the comments to the right for Pedro Ramirez, it is stated that the anticipated sales are 10K (not 10) for Koma Unwind alone, not including the distribution of other products.
http://www.facebook.com/#!/BeBevCompany?fref=ts
If SRGE is a game of musical shares, then people are fighting to pick up shares. Since SRGE is buying up its own shares and retiring them to the treasury, the squeeze is getting tighter with fewer shares available. I would say don't get caught without them if you want to win the game and ride SRGE to the top!
We will see, won't we?
There are shorts and an increasing amount of short interest lately per the following link:
http://www.otcmarkets.com/stock/SRGE/short-sales
If you have seen "The Matrix" you could also say that "There is no spoon", but is there no spoon? (Intended Pun)
I agree with halbroke1 that once SRGE takes off, shorts will not have any time to cover. It would be a losing game that could take their last form of clothing, leaving them naked (Naked shorts). Since many of us have our shares locked in by placing our limit orders at, or around, $1.00, this leaves fewer shares for shorters to borrow. They then execute naked shorts to continue their trading practices. This form of shorting is illegal and when SRGE takes off, would leave them exposed and up for prosecution, possibly landing them in jail.
People can die for various reasons, and most of those reasons may not pertain to the company. I think a lot of frivilous lawsuits occur as a result of someone dying, claiming it was because of consuming a product. What we don't know is if the people died due to an allergy, over-consumption, or from another source. The fact that we have a system that allows a person who burns themselves from spilling hot coffee to win a case leads me to believe that the person/people filing this lawsuit might win.
Don't get me wrong. I think a company should be held liable for its products, but the company should not be held liable for someone now having common sense or for misuse of the product. The prosecutors should be able to prove, without a doubt, that no other factors resulted in the deaths.
From what I have seen, some of the cheesiest commercials have brought the most attention. Some companies bank on their commercials being completely cheesy where viewers are struck by the oddity and actually pay attention. This could actually lead to very high interest in the product.
It is another outfit's products but I think that BBDA is concentrating on distributing more than its own products to raise enough income to support its subsidiary. The main intent was to get BBDA's products on shelves in New York but additional income can be made by offering distribution services to other companies as well.
You are right in your assertation but you also provided relevance to your points instead of spouting off accusations without substance to back it up. Management does have to execute good judgements and decisions. Could this have been executed a bit different? Absolutely! Do I think it was performed illegally? No. There are several factors that could have resulted in information being posted in different locations at different times but we can't automatically jump on the "Illegal" bandwagon until we have substantial evidence to back it up. It is a valid question to ask, but not something you immediately make accusations about. That is my point.
Thank you for your response.
You must have missed out on some cheap shares while it was down. I am fully aware of Martha Stewart and those circumstances were different. I don't believe a publicly available subscription is illegal. What is illegal if is you were friends with BW, or worked for the company, and made investment decisions based on information you were aware of before the news got released. If it was secretive information, nobody would have posted the e-mail alert in this forum for everyone else to see. Those that chose not to believe the information lost out on cheaper shares. The confirmation came this morning when the information was posted every where else.
I don't claim to know how long it takes for information to show up but what I do know is that your claims of illegal activities have no substance behind them. There was no conspiracy committed here to "Only" alert specific people of the information and if there was, I am sure BW would have told us in the e-mail not to share the information as it would give us the opportunity to scoop up cheaper shares.
You can go to their website at Bebevco.com and enter your e-mail address to receive investor updates as well. There was nothing illegal here. Maybe you can be in that "Select" group if you provide your e-mail address to them. :)
I agree and I believe that that will come in time. We have to be patient. New distributions like this are very good and help the share price but the real movement will be seen once the next financials are released and include income from Wal-Mart and Cefco stores. Audited financials will also help BBDA gain traction.