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Company filings to the SEC are the best source for DD.
Not correct. Marc didn't choose the TA but instead was the TA at the time he became CEO. Marc was contacted in regards to that issue and he was not even aware. He stated that he is planning to change the TA to be more transparrent.
That is true. It is the policy of that TA for all of the companies that they represent. They wouldn't give that information out to the general public even if Marc told them to.
I think that information is out of date. At any rate that address and suite is for Sarbey Kaufman LLC not SIRG.
Sarbey Kaufman website
I guess not. Here is some DD...
Sierra Resource Group, INC.
9550 S. Eastern Ave.
Suite 253
Las Vegas, NV 89123
SIRG Website - Contact Info
Intelligent Office of Las Vegas (Henderson)
9550 S. Eastern Ave., Suite 253
Las Vegas, NV 89123
Virtual Office Website
That's because SIRG has no real office. They use a virtual office in Las Vegas, NV.
Virtual Office Solutions
Grand View now holds the deed to SIRG's 80% stake in the Copper Chloride mine. If SIRG doesn't pay off the notes to Grand View by July 15, 2013 or fails to meet all of the requirements of this 8-K (including paying FOGO, Tangiers, Shadow Capital, Oak Street Trust, and Asher), Grand View will hold SIRG in defalut and take the mine.
Due to failure to comply to the terms of the notes issued by Grand View, SIRG is now required to do the following...
4. Forbearance Requirements. The Company covenants and agrees that in consideration for entering into this Agreement that it shall perform (or agree
to the terms of, as the case may be,) the following:
a. Default Interest. From and after November 1, 2012, the May Note shall bear interest at the default rate of 18% per annum and shall compound
quarterly until the Amendment to the May Note has been executed by the Company, as specified in Section 5(f) herein.
b. Payment of Attorney Fees. The Company shall pay the attorney fees of Holder in the amount of $17,500, such fees shall be added to the
principal of the May Note and bear interest at the rate specified in Section 4.a. above.
c. Amendment to Security Agreement. Simultaneously upon the execution of this Agreement, the Company shall deliver to Holder an executed
amendment to the Security Agreement that shall state specifically that the February Note and the May Note shall be secured by a deed of trust on the
Company’s 80% interest in the Chloride Copper Mine. A copy of such amendment is attached as Exhibit A.
d. Execution of Deed of Trust. Simultaneously upon the execution of this Agreement, the Company shall deliver to Holder a fully executed and
acknowledged deed of trust securing the real property underlying the mining claims of the Company. A copy of the deed of trust is attached as Exhibit B.
GDSM has NEVER done anything that violates SEC regulation. There has NEVER been any case against GDSM by the SEC. No matter how many claims that people are making against them, GDSM has run clean so far. Marc knows the rules.
Not so. Do a little DD on the Azurite progress that WSRA has made and that will show where the money has/is going.
Incorrect. WSRA sold 40 million shares to investors for $400K in order to begin work on the Gold Star and Azurite claims. It's documented... go fetch.
Sorry but that is not how it works at all. The A/S would have to be officially increased before the O/S can exceed it.
If so "huge" and "positive" why only hold? Why not buy?
Why hold at this price when cheaper shares will be available after the note holders sell theirs? Buying or holding at this PPS looks like a loss of money IMO.
The A/S increase wen't through and over 22M shares were issued to at least 4 different toxic note holders. They will all be selling into the bid... each trying to get out before the others to get the best price that they can.
J. Rod IS the management.
He gets paid a minimum of $150K a year for at least 3 years UNTIL the mine begins production. Pretty nice deal he has there.
Yes they did. DD will confirm it.
Tight float has yet to be seen. Need volume to prove that. At least the gap closed.
I don't know. How did they do it the last three times?
Tomorrow could be a big day here...
A/S increase goes into effect
Nah.. GDSM dosn't have a history of splits. They are more likely to buy back stock which they do have a history of.
That is another baseless and ridiculous assumption just like the rest of the posts made against Marc and GDSM. No proof at all.
No it is not safe to assume and yes, Marc is still communicating. He updated us early this month actually.
A couple of leins and an eviction notice... big deal. What were the details behind those? Did Marc maybe have disputes with the services offered? Are those really "criminal" offenses? Did he resolve those issues?
Through all of the nonsense claims ("complaint to SEC", "illegal", whatever) made against Marc and GDSM for years, the bottom line is that Marc is still a free man and GDSM is still a going concern so I guess it all worked out didn't it?
And where exactly is the proof that the Lovito's have been involved in any criminal activities? Is issuing shares for services a crime? Is releasing PR's about company future going concerns a crime? Please show me what Marc has done illegal.
All I have heard is a lot of nonsense accusations and hearsay. Where is the proof of a P&D. GDSM has neither been pumped nor promo'd by the company since I've been in it.
A lot of bad things have been said about Marc and GDSM but never is one shred of proof ever offered. Just because something is said does not make it true.
If that were true, the math still wouldn't add up. If the available shares have increased by 40% then the possible run percentage would be only 60% of its last run. That would put the next run cap at 0.02. That is assuming, of course, that the last run to 0.0344 was the highest amount possible for GDSM to run. But... it is not.
I, as well as some here, have been in stocks that have run from the trips to over 0.08 with 1.5 billion A/S.
We are far from over here.
No. It is complete nonsense.
"sold into the public forum" ?
"sold back into the A/S" ?
Additionally, where is it stated by WSRA that they sold 4 million shares? Is it in one of their filings?
Not really so. The purpose of the F/S was to drop the price and increase the outstanding shares in an attempt to bring liquidity to the stock. A stock that is overpriced and is limited in free trading shares will not move.
That is not due to a tight float. That is due to the gap between the bid and ask.
Exactly.
Except that note holders don't sell at ask they sell into the bid. Of the 47 million shares that have traded over the past two days, 35 million were on the ask.
Looking good here today B. 26 million were buys. Almost made it to double until a few sellers knocked her down. GDSM like an old lawn mower... it may take a few pulls to get her started, but she'll run just fine when she does.
That is correct. I as well as many others have weighed the risk and have determined that it is well worth it.
There are no victims here. The first advice out of any mouth of seasoned investors in this market will be words of warning. We have all lost money at some point. Nobody here has been forced to buy or sell.
If someone can't except high risk then they shouldn't invest but it is each investors choice to do so or not. If an investor buys a stock (any stock) without doing their DD, without knowing and accepting the risks and not having an exit strategy up front, then any money lost is their own fault.
That makes no sense whatsoever. Please clairify.
Exactly right. The majority of issued shares will be sold into the bid which will decrease the PPS. Being late to sell will only result in less money made from their issued shares. The big question is... how deep does the bid really go? What will be the result of 20+ million shares going into the bid?
It is not simple and investing in this market should NEVER be approached that way. While I'm certain that there are some that are down, smart investors know how to cover thier investments and will sell a portion to "ride free". Anything above that is profit. Additionally, everyone should set stop losses to whatever they are willing to lose in any investment.
The majority of ones that lose in this market are the ones that got greedy. There has been and will be plenty of opportunity here to make money for those who know how and don't get greedy.
Don't forget Grandview Ventures, Shadow Capital, Oak Street Trust, Tangiers and "others" to which many millions of shares are about to be issued at the same time.
What do you think will happen when all of these toxic finance groups receive their shares simultaniously?
Where is the data that supports your claim of...
96% losses on average for investors here
Yes, in the pink market, just like in every market, there has to be a buyer for every seller.
The same nonsense has been spewed on this board for years and yet GDSM has done just fine, investors in GDSM have done just fine and we are still trading... just fine.
This IS the pink market and it is not for everyone. Those who know how to invest in it will make money. Those who don't will lose money. End of story.