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They didnt' post that news though, just to be clear
We are either golden here or it will fall faster than a brick.
Can't believe I was able to add under 1 cent! :)
Either this PR is true and SRGE goes to 10-15 cents this week, or its fake and the SEC shuts them down.
It would be suicide to release this kind of PR without it being legit for SRGE
I added at .0099
No, I doubt it. I have seen it happen though in the past with other pinkies
Going to be a very interesting open!
Just be careful this is on their page at Yahoo because their Ticker is in the PR.
Not from Kinross themselves though.
IMO it's legit but we will find out today I'm sure
As of now, however the PR was just released 10 min ago. If the PR was false we will know shortly via Kinross I'm sure. It would be suicide for SRGE to release a fake JV pr like this though. They'd be nuts
I gave Tom Elliott of Kinross a call but there is no answer. Sent him and other a few emails to comfirm the PR
I'm just posting what was posted. If the PR isn't honest the truth will come out very soon. There will be a ton of people contacting Kinross today I'm sure.
Im glad I have a hand full of shares here though for now.
Southridge Announces a Joint Partnership with Kinross (NYSE: KGC), a Major NYSE Listing Mining Company for its Cinco Minas and Gran Cabrera Properties is Valued at $550 to $600 Million PR Newswire "Press Releases US - English"
DALLAS , Dec. 26, 2012 /PRNewswire/ --Southridge Enterprises Inc. (PINKSHEETS: SRGE) ("Southridge" or the "Company") is excited to announce a new Joint Partner, Kinross (NYSE: KGC), a Major listed Mining Company for its Cinco Minas and Gran Cabrera properties. Southridge's joint partnership with Kinross, a major NYSE listed gold mining company, is valued at roughly $550,000,000 to $600,000,000 . Due to numerous shareholder inquiries Southridge and its Board of Directors felt the need to update the market on its recent announcement named, "Southridge Announces Signed Agreement with Major NYSE Listed Mining Company on Cinco Minas and Gran Cabrera Gold & Silver Mines in Mexico ."
Southridge and its advisers are currently working hand in hand with Kinross to finalize the remaining documents and agreements in order to execute this new joint partnership for its Cinco Minas and Gran Cabrera properties with Kinross. Due to the size and complexity of this transaction we expect to execute this joint partnership with Kinross by Mid-January.
Mr. Martin Moscosa ,Exploration Manager at Kinross Gold Corporation stated, "We have made great and good progress regarding Cinco Minas property. Southridge controls the best area at the Gran Cabrera and there will no problem regarding the influence area, also, because in case everything will be growing, possible adjacent claims could be incorporated or added to the project."
Mr. Alfonso Sanchez Navarro , Board of Director of Southridge commented, "Southridge is implementing a plan to profoundly position itself for both rapid growth and expansion in an emerging gold and silver market. By forming a Joint Partnership with Kinross, a global mining leader and major NYSE listed company; this allows us to aggressively mine the Cinco Minas and Gran Cabrera properties.
A company spokesperson stated, "Southridge feels it's more beneficial for its shareholders and the Company to sign a Joint Partnership with Kinross, a major NYSE mining company, instead of selling its Cinco Minas and Gran Cabrera properties. By joint partnering with a NYSE major producer it will allow Southridge to aggressively explore and mine the Cinco Minas and Gran Cabrera properties at a much faster degree therefore leveraging the price of Gold at today's market value.
Michael Davies , President & CEO of Southridge stated, "Our goal from beginning as well as our efforts over the past several years has been to secure a world-class mining partner that is capable of moving these projects forward, and today is a major step that direction. Southridge expects to rapidly grow and preserve an interest in its gold and silver mines operated by its partners allowing it to continue to build value through continued exploration. We believe that the exploration of alternatives for the Cinco Minas property will help the company achieve its strategic goals with superfluous profitable growth and enriched shareholder value. Furthermore we are confident that this new joint partnership with Kinross will be successful in executing our goal of building a world-class gold and silver mining facility at Cinco Minas."
For further information on the Company's Gold and Silver projects, visit our website: http://www.southridgeminerals.com.
Southridge Investors can access the following Southridge Minerals social media channels:
YouTube Cinco Minas Mexico Project :
Who claimed we would?
Claiming that there IS an SEC investigation when there is no way to know is a big LIE in my book!
How about this great warning you gave at .0022. Would have been a 10 bagger almost for many people if they didn't listen....
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=79560506
Im not saying you are right or wrong about this being a scam, but please, stop taking credit for making great calls when you yell scam and sell, no matter what price it's at. In the meantime I have profited $50k from trading this in the last 4 months
Merry Christmas to you as well. I agree, I do think the first quarter of 2013 will see some nice news. Let's keep our fingers crossed :0
Oh just like the dividend?
LOL that's a brave call. Nearly 80 cents a share this week lol? I hope you are right.
Well the share payments for services rendered need to take place until they get revenue is in. Should stop this quarter.
They can issue another 100 million shares for all that I care as long as this $1.8 billion deal is real.
Just my opinion, but if you believe what the company is saying then these shares will eventually get to a fair market value, whether it be now or in a year. That's how I see it. I am more concerned with them being legit than the share price. if they are legit and they really did sign a $1.8 billion contract this is easily a $5 stock eventually. I'm not in a hurry to run the price up, and neither should the CEO be. He should let his actions peak market actions, not fluffy PRs.
We get the name and I will jump in big and so will a ton of others. Right now I'm giving this a 30% chance of happening in the next month. Maybe I'm wrong though. this is one heck of a confusing stock. One minute I think they are legit the next I'm unsure again. Seen so many scams that nothing surprises me. This could be a winning lotto ticket for many, but it may also be a major disappointment. Goodluck!
If SRGE announces the name of the NYSE company interested in a JV, and I can confirm this with the other company, I will personally be taking a gigantic position. I have been trading this stock, for some nice gains, but haven't been holding any large positions (Holding only about 600k shares right now. The reason si that nothing seems to be verifiable that they put out. We need 3rd party confirmation and I know many big investors will jump in. Until we get that the share price will have it's ups and downs.
From my experience with other penny stocks, those institutional ownership numbers are rather meaningless. Sometimes they are accurate, while other times they are not. I have seen companies with "institutional ownership" get shut down by the SEC in the past. That's not happening here, but I do want to stress that those numbers should not really be looked too greatly into.
I have hope that we get another update very soon. (Next month) I do feel we will. Having said this, I felt we would for the last 5 months as well lol :)
Hany has stated (3 weeks ago) that we will be getting something in terms of estimates from Albania, they just need a little more time (attorney issues, and making sure any release is kosher). Take it for what it's worth.
I do think we will have out day in the sun. Hydro is coming up big from an energy value standpoint. I've been here for over 2 year now. Trust me I am getting extremely frustrated, however most business deals do not happen without issues and not overnight.
Agreed. Next quarter should be good.
In the long run if they do as they say we are golden, however Accounts receivable isn't as nice as cash on the balance sheet. Next quarter should be good I hope. I'm holding all mine
wow, too early :)
So They have $7 million currently, and another $11 million in AR. Next quarters filing should be very nice:
Very possible. Would love to know more.
Those shares don't bother me one bit if they actually do show $250 million in revs this year. Havign said this, knowing that you are going to bring in $1.89 billion, why give away 1/6th of your company for "services provided"?
Shares were issued way back in June. Most likely they are restricted for a year.
RVPlus Releases Financials for Fall Quarter Showing Major Revenue Potential From Foreign Government Contracts
NEW YORK , Dec. 21, 2012 (GLOBE NEWSWIRE) -- RVPlus, Inc. (OTCQB:RVPL), holding company of ECCO2 Tech recently filed a quarterly report showing $8.66 million from accounts receivable as of October 31, 2012 and is projected to see $275 million in sales over the next year due to purchase agreements with foreign government parties, who will be provided goods and services that aid carbon-emissions reduction, energy efficiency, in addition to supporting climate change, environment, forestry, and agriculture.
Cary Lee Peterson , Chairman-CEO comments, "The company and ECCO2 business model have made significant transitions for the better since starting a few years ago. 2012 has been a tremendous year for ECCO2 Tech and with dozens of new alliances with UN Parties and NGOs I anticipate an extraordinary outcome once the business model takes full sail this next year."
RVPlus reported a $297,117 deficit accumulated during the development stage from August 1, 2012 to October 31, 2012 and a financial risk remaining at a moderate status. In the past six months the company has made entry into two definitive material agreements with foreign government parties for goods and services, holding a total value of $1,890,000,000 ( 1.89 billion US dollars ), which are associated to Civil Society Programs, collectively organized by United Nations affiliates and Parties. Thus, the company's subsidiary, ECCO2 Tech is designated as the exclusive vendor and supplier for each Civil Society Program for ten years from the affective date of both material agreements.
ECCO2 Tech, subsidiary of RVPlus, Inc , is a domestic and export provider for American manufactured green technologies that are sustainable, energy efficient and lower carbon-emission generated by transport and facilities to commercial and government agencies worldwide. The company also supplies 'green' products that enhance growth of crop and forestry.
It has been over three years since a concept company in exploration stage, calling itself 'ECCO2', an acronym that means Environmental Control of Carbon Dioxide publicized its 'go green' theme. Long before ECCO2 was acquired by RVPlus in May 2012 , ECCO2 had been seen in major publications as Forbes Magazine and The Wall Street Journal , in additional to several news articles about business activities with United Nations and foreign governments
Yeah, well don't get too aggravated until the market opens tom morning and there is nothing. Either way tomorrow will be a big day. Hopefully in a positive light :)
They did say they filed though right, according to an email? I have seen filings not show until the following morning when companies file last minute.
Thanks for the update, much appreciated. Now we gotta hope there are some goodies in there :)
No it's not, that was the extension they filed on the 14th. The 10Q is still needed today.
You may be waiting a while :)
Tick tock tick tock.
I have no doubt they will file this week. My only doubt is what's going to be in the filing, and will the financials be audited?
Anyone care to take out that .085 bunch? :)
My average is just about 6.5 cents or so on close to 200,000 shares. Breaking even now, however I feel this will go much much higher. $1 may not be out of the question IMO
Been here for well over a year now. Holding strong. Won't sell a share for anything under 50 cents
Yes it's still 50 million
Actually it was a sell on the bid, that's why no movement