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To : XXXXXXXXXXXXXXXXXXXXXXXXX
From : RBC Direct Investing
Subject : RE: Other Inquiries
Date : 4 Jan 2013 13:05:46
--------------------------------------------------------------------------------
Dear Mr. XXXXXXXXXXXX,
This is a follow up to the e-mail that I sent to you previously regarding your dividends for Southridge Enterprises Inc.
With reference to Case # XXXXXXXXXXX, I have been informed that Southridge Enterprises Inc is trading based on a special Ex-dividend Date of January 4, 2013. Based on the special Ex-dividend Date, the actual Record Date is January 8, 2013. Once all the trades are finalized on January 8, 2013, the dividend will be processed for all shareholders of record as of January 8, 2013.
Mr. XXXXXXXXX, thank you for contacting us. We do appreciate your business.
Sincerely,
XXXXXXXXXXXXXX | National Client Liaison Team | RBC Direct Investing
I was a bit confused with this at first as well, as .0055 was showing in one of my accounts as well.
I believe, though, as in any technical chart analysis, the price changes after a dividend is paid out so to me it looks like the brokers have recognized the dividend... 0.0057 - 0.0002 = 0.0055
Cheers,
The following is a conversation I have had over the past few days with one of my accounts holding SRGE shares. (RBC Direct investing - in Canada) I have x'ed out names and certain personal information. Also, the emails read bottom-to-top.
To : XXXXXXXXXXXX
From : RBC Direct Investing
Subject : RE: Other Inquiries
Date : 3 Jan 2013 19:13:46
--------------------------------------------------------------------------------
Dear Mr. XXXXXXXX,
Thank you for your response. My name is XXXX and I am happy to assist you further.
I have sent off an inquiry regarding the dividend payment under Case # XXXXXXXXXXXX. As soon as I have a response, I will let you know. Responses are usually received within 1 to 2 business days.
Mr. XXXXXXXX, thank you for contacting us. We do appreciate your business.
Sincerely,
XXXXXXXXXXXXX | National Client Liaison Team | RBC Direct Investing
-----Original Message-----
Sent: 3 Jan 2013 02:30:28
From: XXXXXXXXXXXXXXXXXXXXX
To: RBC Direct Investing
Subject: RE: Other Inquiries
Quotes and Research (tab)
Detailed Quote (tab) ................. on RBC Direct Investing has an ex-dividend date of Dec. 19, 2012 with a dividend of 0.0002/share.
There are rumors that this stock is naked short sold and since it just changed market tiers to grey market I am skeptical as to why it did not show or post to my account.
SRGE PR'ed it through PR Newswire and here is a link to Bloomberg...
www.bloomberg.com/article/2012-12-18/abKtjZFPKtXo.html
Southridge Declares Fourth Quarter Cash Dividend
PR Newswire
DALLAS, Dec. 18, 2012
DALLAS, Dec. 18, 2012 /PRNewswire/ -- Southridge Enterprises Inc. (PINKSHEETS:
SRGE) ("Southridge" or the "Company") is pleased to announce today that
Southridge Minerals, Inc., its wholly owned subsidiary, today announced a cash
dividend of $0.0002 per common share, payable on December 28, 2012 to
shareholders of record at the close of business December 21, 2012. The
dividend represents a payout of approximately 8% of the recently reported
fourth quarter net income.
"We just posted our 4th Quarter Earnings, and felt that it was important for
the company to reward shareholders in a timely fashion," said Michael Davies,
President and CEO of Southridge Enterprises Inc. "The past year has been
monumental for the Company, and getting our dividend distributed before the
end of the year is a statement. We are very proud of all that has been
accomplished over the past 12 months, and more importantly look forward to
continuing our efforts build upon the foundation that was established in
2012."
Unfortunately SRGE's news link on their website has not been updated with this information or I would link that for you.
Please reply ASAP as this is of great importance to me regarding accuracy of statements from the company and information posted right here on RBC Direct Investing.
Thankyou,
XXXXXXXXXXXXXXXXXX
-----Original Message-----
Sent: 31 Dec 2012 15:27:43
From: RBC Direct Investing
To: XXXXXXXXXXXXXXXXXXXXXXXXXXXXX
Subject: RE: Other Inquiries
Dear Mr. XXXXXXXXXXX,
My name is XXXXXXX and I'd be happy to help you with your question about your dividend payment.
Upon reviewing the stock in questions, I see that there was no dividend payment scheduled for December 28, 2012. The last dividend payment I was able to find on record was paid on November 22, 2012 and the payment is visible in your account.
If you have further details about another dividend payment, please provide full details and links to the company site that states this information.
Mr. XXXXXXX, thank you for contacting us. If you'd like more help with the dividend payment or anything else, 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,
XXXXXXXXXXXX | National Client Liaison Team | 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 2012. All rights reserved.
-----Original Message-----
Sent: 29 Dec 2012 14:32:45
From: XXXXXXXXXXXXXXXXXXXXXX
To: RBC Direct Investing
Subject: Other Inquiries
Dividends
My SRGE shares should have had a dividend paid out yesterday...it is not in my account.
Please explain.
XXXXXXXXXXXXXXXX
TECHNICALITIES
Ask yourself this:
Who owns Cinco Minas?
False Answer: Southridge Enterprises, Inc.
Correct Answer: "Southridge Minerals, Inc. a wholly owned subsidiary of Southridge Enterprises Inc., is a U.S.-based mineral resource exploration company dedicated to acquiring and developing mineral resources in geologically permissible and politically stable areas of the world."
http://southridgeminerals.com/
(a.k.a. - Mineria Southridge S.A. De C.V)
Now with that in mind go back and read the PR from SRGE and then the response from Kinross.
Was this the mistake? If so, Kinross would respond as they have....
Just a hypothetical....In My Opinion.....good luck!
Exactly! See...it's as clear as day..... Southridge Enterprises is named, not Southridge Minerals (who's name is on the concession titles).
Glad we're on the same page here....
Well I've sent an email to SRGE regarding this, don't guess anyone will be responding at this time of the day but gave it a shot.
Honestly, (IMO), I think that SRGE made a slight error in the PR not realizing the importance, since they fully own Southridge Minerals. However, Kinross realized the error, and for whatever reason (to buy time, whatever), instead of correcting the name of the JV partner, chose to, and I quote, "clarify" the PR simply by refuting a partnership with Southridge Enterprises.
They did not, however, say anything at all regarding Southridge Minerals. (Preciseness is important in a $600 million dollar deal....)
LMAO...I knew that was next....one step ahead...
DALLAS, Dec. 26, 2012 /PRNewswire/ -- Southridge Enterprises Inc. (PINKSHEETS: SRGE) ("Southridge" or the "Company")
... for the rest of this PR, Southridge or the Company is Southridge Enterprises
Toronto, Ontario, December 27, 2012 - Kinross Gold Corporation (TSX: K; NYSE: KGC) would like to clarify a news release issued by Southridge Enterprises Inc. ("Southridge")
.... and for the rest of this PR, Southridge is Southridge Enterprises
Remember these are legally binding and in neither of these PRs is Southridge Minerals mentioned.
We're talking about legally binding documents here.... T's crossed, I's dotted..... there is zero room for assumptions in this kind of scenario.
Again, hypothetical scenario..... that fits....until something credible rebuts it.... and I welcome all constructive feedback on this one.
Cheers,
I'm not talking about playing with words, I'm talking about the actual deal..... Southridge Enterprises (SRGE) is not Southridge Minerals.... they are 2 completely separate companies! One owns the other. Kinross could not verify an agreement with Southridge Enterprises if the Agreement was signed with Southridge Minerals.....
T E C H N I C A L I T I E S
Ask yourself this:
Who owns Cinco Minas?
False Answer: Southridge Enterprises, Inc.
Correct Answer: "Southridge Minerals, Inc. a wholly owned subsidiary of Southridge Enterprises Inc., is a U.S.-based mineral resource exploration company dedicated to acquiring and developing mineral resources in geologically permissible and politically stable areas of the world."
http://southridgeminerals.com/
(a.k.a. - Mineria Southridge S.A. De C.V)
Now with that in mind go back and read the PR from SRGE and then the response from Kinross.
Was this the mistake? If so, Kinross would respond as they have....
Just a hypothetical....In My Opinion.....good luck!
Same to u Neb.... nice to c the bid increasing....
Comon Rich, that was ganxioui. m sure u remember her/him/it from RELM days.....bullsh** post.
Looks like your board turned into somethin different from the last time I've seen it. Quite the crew......
I understand what you're saying. What I'm asking though is, since it appears that Martin Moscosa works for KG Exploracion Mexico (a Kinross company), is it possible that the documents were signed with KG Exploracion Mexico listed and thus making it correct that KGC denied the JV news on the basis that the agreement was signed with one of their subsidiaries?
Momoraptor, you seem to know what's happening behind the scenes here and seemed pretty upset re. Martin Moscosa signed documents... Can you verify whether or not these were signed with KG Exploracion Mexico, S.A. de C.V with Martin Moscosa and not directly with HQ in Toronto?
Thanks,
http://www.mexicominingcenter.com/explorationcompanydetalle.php?company=Kinross%20Gold%20Corporation
Kinross Gold Corporation, together with its subsidiaries, engages in the gold mining and related activities. The company also involves in the exploration and acquisition of gold-bearing properties, the extraction and processing of gold-containing ores, and reclamation of gold mining properties. Its gold production and exploration activities are carried out principally in the United States, Brazil, Chile, Ecuador, and the Russian Federation. As of December 31, 2009, its proven and probable mineral reserves were 51.0 million ounces of gold, 102.9 million ounces of silver, and 2.9 billion pounds of copper. The company was founded in 1972 and is based in Toronto, Canada.
MEXICAN SUBSIDIARIES
KG Exploración México, S.A. de C.V.
KG Minera Ixhuatán, S.A. de C.V.
KG Exploracion Mexico, S.A. de C.V., a group company of Kinross Gold Corporation
STRANGE... ... both still active...yet the link on Kinross.com now goes to 'response' rather then 'class-action-lawsuit'.......different web addresses, different headlines....
http://www.kinross.com/response/kinross-responds-to-southridge-news-release.aspx
12.26.12 - Kinross responds to Southridge news release
Kinross has not entered into a joint venture agreement with Southridge Enterprises, and is not actively pursuing any such agreement at this time, contrary to a news release which was issued on December 26, 2012.
http://www.kinross.com/class-action-lawsuit/kinross-responds-to-southridge-news-release.aspx
12.26.12 - Kinross responds to news release regarding Southridge Enterprises
Kinross has not entered into a joint venture agreement with Southridge Enterprises, and is not actively pursuing any such agreement at this time, contrary to a news release which was issued on December 26, 2012.
Very astute! Thankyou for being level-headed!
Cheers,
Agreed. Something of this magnitude with the potential legal consequences (I believe) would be released first through an official PR via Kinross and not through a 3rd party source who does not name anyone specifically, and really leaves out alot of details, in fact if you look at the article there is nothing to state that the 'email' was from today or from 2 years ago......
Kinross Gold Corp. (K), Canada’s third- largest producer of the metal, denied a statement from another mining company that the two are forming a partnership to develop Mexican projects.
Southridge Enterprises Inc. (SRGE), based in Dallas, said in a statement today the companies are working to finalize an agreement for the Cinco Minas and Gran Cabrera properties.
“Kinross has not entered into a joint venture agreement with Southridge Enterprises, and is not actively pursuing any such agreement at this time,” Toronto-based Kinross said in an e-mail.
No one immediately responded to e-mail and voicemail messages seeking comment from Southridge. Its shares rose 60 percent to 1.3 cents in over-the-counter trading at 11:45 a.m. in New York.
Barrick Gold Corp. and Goldcorp Inc. are the two largest Canadian gold producers ranked by sales.
To contact the reporter on this story: Simon Casey in New York at scasey4@bloomberg.net
Awesome DD! Thanks much for sharing!
Cheers,
Record date - 21st
Ex-dividend - 19th
BAM!!! Beautiful comparison.... a modern Picasso! Tks for that....WOW!!!
I agree... I'm inclined to believe air though since if this is a P&D then there should be more constant pumping, less amount of time, more dumping.....and generally quite the elaborate scheme to have Mexico Mining Authority involved and other big names/companies mentioned, etc............ IMO
Not sure how you know or where you came from but you definately hit the nail on the head last time.......
Actually you're wrong...although you did make me double-take.
The post was on the 12th stating news on the 13th...... the stock finished tanking on the 12th and has risen since then..... may be something to this 'new'?? poster.....
Unbelievable what these guys are doing.... 10:29:38 ETRF with 445,000 on ASK....1,500 share buy goes through and reduces ASK to 443,500...... (5 seconds later) 100,000 share buy goes through ....NO CHANGE to ASK.....until 62 seconds later ... remaining 443,500 goes through.
So what is happening here? ... since legit trades go in order...
Funky L2.... I'd bet my left nut those are NITE shorts right now.
SRGE will have it's day...
There's one thing I don't get... why the longs give-a-sh** what happens day-to-day.... personally I would be stoked if this dropped like a rock until news hits (more I can grab the better.... I dunno, is that selfish? lol)
Cheers
Watching...sure of it... response... personally I don't think it's needed... simply my opinion though..... getting it done is all that matters to me.... I know plenty in pinks need the CEO to hold their hand.... I just want these brilliant fellows to do their job.... which they are...
Cheers
Honestly! let's keep it real at least.....jeeeezzz!
It'll be interesting for sure to go back and look at all the NSS data after the fact and see how they went REGSHO after the div, then went off after notice of AS increase, drop in SP, etc, etc.... I'm sure it'll be a complete puzzle in the not-to-distant future.... quite the ride though lol.... good thing I don't scare easy lol.
Cheers
Same, I'm all set with 2+ mil shares, just hurts that I can't add more on a day like today :( lol
Cheers
Yeah, based on the chart it was going down today.... just couldn't bear to miss news Just in case..... pretty sure it'll be a couple/few days but don't want to miss out when it hits. After solid DD I'm completely confident in management's strategy here.... kinda brilliant actually, it seems they have much more keen knowledge on how this pink game works and utilizing it fully...
Cheers
Lots of flipping today... didn't sell any, in hindsight would have been nice to flip and double down.... just cringing for not having any spare cash for today to add..... not worried about the day-to-day.... news will come soon enough... I think some just realized it got pushed back a few days from events unfolding but such is the way of any business..... not worried at all here.
Cheers
Buyin the bounce Ri**? :)
Cheers
Suggestion... Open a second account with a more reputable firm....as I have done (I have been using Questrade and they have the same restrictions)... I'm in Canada and opened a second account with my bank ...Royal Bank of Canada.... using RBC Direct Investing..... they allow me to input large amounts of RELM... 25+ million per trade.... check back a couple months for confirmation ;)
IMHO RELM will trade once again ;)
Cheers
Every day shows up there regardless of if it's a short or not....take a look at the zeros below.
Actually...Day 15 for 4320 :)