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Man I hope that doesn't pass. They take enough already.
I hope it doesn't start up again until next year. IRS is getting a boatload from me this year already.
Totally agree. And the same "never gonna happen" rhetoric was being said before the last run. Didn't listen then, won't listen now.
Agreed about the garbage spewing about SIRG. Lots of "real", "opening soon" and "true value" talk but nothing based in reality. The filings paint the true and dismal future for SIRG but that seems to be insignificant compared to fiction.
Collecting a salary does not equal employment nor does it make this "real".
So what are they doing exactly for $82K a month?
Not necessarily but typically in legitamite sucessful businesses the net profit should at least be equal to the overhead. In this case there is no profit (or revenue). So, as long as the investors don't mind paying salaries for no return in investment, then it is a good deal.
I wonder just how much work is being done for $82K a month? Seems like a lot for someone sitting around "waiting for permits".
While those numbers would provide a logical arguement in the major markets, it doesn't really apply to the OTCs. This market is fast, fickle and not for just any investor. Knowing how this market works and being able to see the fast changing trends will make investors a lot of money. It can and will turn (either direction) very quickly.
Don't forget Tangiers, FOGO and Grand View with whom they owe over half a million dollars to.
It is their game and all we can do is play it with them. Those who don't understand that or the risk involved shouldn't invest in this market.
That or just increase the A/S again.
The joke is on the investors. Not a bad deal for the toxic financiers though. Really, not bad for the company either since they can just print as many shares as they want to pay their "operating expenses".
Well, the harder it falls the higher it bounces! LOL
Nah, no need for testing. That would be pointless. Why test or mine anything when salaries are already being paid.
A narrow view but that's pretty much the definition of the entire stock market. Buy low, sell high. Another good one that (yes) savvy investors use is "Buy in weakness, sell in strength".
I wouldn't use "cute" to describe the huge dilution about to happen here to cover their toxic notes due... but OK.
Yes indeed. And time is running out.
That is an explanation... I guess. But savvy investors that know how to trade know what is coming and will make money.
Really? LOL If I'm incorrect then the company is lying on their filings. It's all in there in black and white.
Funny how "no one" thinks that there is money to be made here yet shares are being bought. This stock market stuff is confusing huh?
LOL riiiight. The only thing that they are deep in is toxic debt. I wonder where all of that money is coming from to pay their salaries at $82,000 a MONTH with no revenue?
No spin but definitely an oportunity.
Sure it is. It's on the report.
Smart money there. There are over 350 attourneys that use that building and their services. In addition to attourneys are doctors and accounts that reside there. Sounds like HLO knows business.
With many more with their finger hovering over the "sell button". Dead money here. No news, no financing and major dilution coming. Only a few days left until the bottom falls out. Should be a good buy when it hits the trips though.
Completed with excellent results. High gold content at surface. Results correspond with previous test results. Should be a very profitable venture.
Going great! How you been?
Definitley in the loading zone here!!
Yessir!!
Its interesting that when you look up the address for Medina Property Group, the "seller" of the mine to SIRG...
Medina Property Group, Llc
8004 Northwest 154th Street
Miami Lakes, FL 33016
... it come up as...
The UPS Store
8004 Northwest 154th Street
Miami Lakes, FL 33016
Google Map
Sounds legit.
Not sure either. Got out while he could? Take the money and run?
How do they have operating costs with no working operation?! Sounds like getting paid to literally do nothing. Which begs the question... when already making nice salaries to do nothing, why bother opening a mine at all?
Well I guess it is good for them that they now have 328 million+ new shares ready to issue.
From a mine that has never made a profit and has bankrupt 3 prior companies.
That's why the anemic volume as of late. The company is waiting for the new shares to clear so that the dumping can really begin. They can't sell now because they over extend their "credit" agreement with Asher. How many shares will it take to cover the $580,000 in toxic convertible debt that is coming due soon with NO revenue to cover?
Meaningless fluff from the company. They can't even afford to pay their toxic notes or finance the 80% of the mine they claim to have. Why go for 10% more?
22 Million shares to hit the OS soon according to the company. From the FORM PRER14C on Nov. 9, 2012...
When is unknown but it is an unfortunate inevitability. Also, as the PPS drops the number of shares required to cover the toxic notes will increase. The question is... does an invetor stick around and watch the value continue to drop or get out now and back in lower?
What did Pacific say about the AS?
Agreed. Looks like the bottom is falling out of this one. Has lost over half of its value in two months. No news, no bid support, no buyers. Until the company shakes the death grip of toxic financing and starts generating revenue the PPS will only keep going down. Looking for this to test 0.0030 soon. If that breaks then it will be going back to the trips where it all started at the beginning of this year.
ASK is at .0069 BID is at .0056. Ihub isn't working at the moment.