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Issued and sold are two very different things in this market. All of the pinks issue shares to take care of debt. That is why they have common shares. Issuing shares to cover debt, means they are giving shares to the debtors, not selling them. Thus, GDSM has no income from the shares to report.
Any number I could give you would be pure speculation. The only known is that he is making $150K /yr and $5,000 per BOD meeting. Heck, he even makes $1,000 for a teleconference with the BODs. For sitting around supposedly waiting on permits, that's pretty darn good money, don't you think?
Part of that was paying off their toxic notes. Their main problem is that SIRG hopped in bed with a financing company that wasn't only interested in acquiring shares. Grandview wants their money back, not shares that are worth little to nothing.
I have yet to see the calculations for the supposed real market value. Even if that were correct, that was being thrown out there since before the A/S increase.
Thanks! I agree, management will want to set it up where they go out with plenty of money to spare!
Maybe you had better tell good ole J. Rod that the mine is going to open any day, considering the most recent PR showed that all progress on the Environmental Assessment has halted due to company restructuring.
I hope they don't take to long to "restructure", because the Grand View note comes due in October regardless of the status of permits. Perhaps ownership of the mine will transition to Grand View?
Ruben Sanchez, field manager for the Bureau of Land Management Kingman Field Office, said the agency has been working with Sierra on its environmental assessment but progress has stopped for now. Sanchez said the assessment is almost complete, but he isn't sure when it will be done.
"The company is going through some internal restructuring, and that's where the delay is right now," said Sanchez. "We need to know what direction the company is taking before we do anything else. The ball is in their court."
If it isn't in the filings, it's purely speculation that any sum of money is missing from the filings.
somewhere between $1.5-$2.1 million is MISSING from these reports that was sold by GDSM in the first quarter of last year?
The new CEO has dumped 10 times that number to date.
You can find information on the BOD in the annual filing. Page 17, to simplify the search.
http://www.otcmarkets.com/edgar/GetFilingPdf?FilingID=9223779
No matter what the status of the permits is, the Grand View Ventures note will be due at latest, October 15, 2013. Keep in mind that Grand View currently has a Deed of Trust against the mine, SIRG's sole asset; so, Grand View can take the mine if SIRG defaults.
If the permits are at a stand still, that shoots the idea that funding is permit contingent in the foot. If funding was permit contingent, SIRG would be doing EVERYTHING in their power to finish up those permits so that they wouldn't lose the mine to Grand View.
Both the February Note and the May Note shall be amended the Maturity Date is July 15, 2013 or the BLM Extension Date (as defined below), whichever is later. To the extent that the date the Bureau of Land Management (the “ BLM ” ) issues its Finding of No Significant Impact certificate (the “ FONSI Date ”) for the Company (currently scheduled for April 15, 2013) is extended “as a result of the filing of the Deed of Trust” (referenced in Section 4. d. above), the “ BLM Extension Date ” shall be the earlier of (i) three months after such new FONSI Date or (ii) October 15, 2013.
We know that GDSM has great potential to run, based off of last years SWEET run! Shorting a stock at this pps doesn't seem like a very profitable decision to me.
Now, if you look at where the pps is currently and the number of shares you can acquire for a little bit of nothing and the potential to really run, that is where the real profits are IMO.
I'm sure in the beginning with every company, there is someone standing on the sidelines yelling scam, but not all pinks are scams.
We are all just looking for that one hit wonder out there that actually makes something out of their endeavors. Maybe GDSM will succeed, or maybe they won't. Either way, there is money to be made with this stock!
It looks like that Grand View Ventures note is coming back to bite them! The mine could end up in Grand View's hands before the end of they year.
The company is going through some internal restructuring
Also, don't forget the Grand View note, that has a deed of trust on it, comes due in October regardless of the status of their permits. They could easily lose the mine if they aren't careful.
With the high risk of penny stocks comes the possibility of VERY LARGE rewards. That's why we are all here. That is a risk I'm willing to take with GDSM.
So, you're saying they are dumping all of $560 of shares into the hype? LOL... That wouldn't even be worth the time it took them to make the trade. If/when they sell shares it will be for a far larger amount of money IMO.
The run last year shows the true potential of GDSM. The current pps is nothing compared to where this could be in a week, a month or even a year. Just like any pink, it's a gamble, but it's a gamble I'm willing to take.
If GDSM follows through on the uplist and possible merger, the sky's the limit.
It's definitely looking that way.
Agreed!
Any PR is better than silence!
That is because the PR says nothing other than CDM Smith was awarded the work associated with its Air Quality Permit. After the previous PR cautioning investors to only refer to the public filings and the company released PRs because their is misinformation being released, the PR needed more substance.
investors are cautioned not to rely on any of the information contained in the outdated MPO or investor presentation
Or, the company realized that their current business plan wasn't going to be profitable enough to continue without reorganization. There are many questions that we don't have answers to. Hopefully, in due time investors will get answers their questions.
Shockingly, there was news today to let shareholders know that the Air Quality Permit (pursuant to the Clean Air Act) was awarded to CDM Smith, but the news wasn't at 4:05pm as suggested on a daily basis. LOL... Here is the link to the PR that pretty much says nothing other than what I just said.
Where are the updates on the Mining Plan of Operations??? Will they actually have the FONSI before the Grand View Ventures note comes due??? There are many questions with little to no answers.
http://ih.advfn.com/p.php?pid=nmona&article=57846210&symbol=SIRG
However, that quote leaves the possibility that SIRG, and/or someone wanting to dump their shares of SIRG, paid for the promotion. All we know is that the company was compensated for the promotion of the stocks on that list, and SIRG was one of them.
"A third party has hired and paid IO Circuit twelve hundred and ninety five dollars for the publication and circulation of this news release."
What you view as risks, others may view as one heck of an opportunity. From here, it takes nothing to double if anything positive occurs.
Let's face it, the pink market in general is a gamble, including GDSM. If you can't lose the money, you shouldn't place your money in a high risk investment. With high risk comes the possibility of a high reward, and that is why investors play the pinks.
Investors should do their own DD and make an educated decision on their investments, not listen to posters on a board. EVERYONE has an agenda, regardless of if they think GDSM is a good investment or not.
I believe that GDSM will run again at some point, but that is just my opinion based on their history. They may very well change the route the company goes, but nobody knows right now.
Agreed!
The terms of the "Asset Purchase Agreement" are unknown. Saying he actually paid for them is merely speculation.
So, apparently the anticipated "“FONSI Date” for the Company (currently scheduled for April 15, 2013)" came back with comments instead of approval. How long does it typically take from comments to approval? I know the BLM is many things, but quick is not one of them. Will the BLM finish before SIRG's deadline for the Grandview note???
The Company is addressing the BLM's comments on its Environmental Assessment report
De-accumulated, dumped, same difference, right???
Actually both of the documents show J. Rod as the CEO and Director! Neither of those documents reference the 5277 shares.
J. Rod is also the owner of 5277 Partners, and that makes him the beneficial share holder of the SIRG shares. Thus, he must claim the shares in the annual filings as "shares beneficially owned". We arrive at the same conclusion, J. Rod sold 5M shares!
Martin is an owner and officer/director with voting and investment power over shares of the 5277 Partners, LLc. (the “Company”) The shares are owned in the name of 5277 Partners, LLc.
Can you direct me to the actual asset purchase agreement that shows what was being purchased? That document only shows that the shares belonged to J. Rod, which we already knew.
Depending on general market and economic conditions affecting the Issuer and other relevant factors, Mr. Martin may purchase additional securities of the Issuer or dispose of some or all of securities form time to time in open market transactions, private transactions or otherwise.
Could you please show me where it states the shares were actually purchased by 5277 Partners LLC instead of given to them for services rendered or in consideration for??? If J. Rod did indeed receive the 9,700,000 shares that were acquired by 5277 Partners LLC, he has sold close to 10M shares from 2010 to present. The initial 5M sold between 2010 and 2011 are of little concern though.
J. Rod actually only earned 2,200,000 for consulting. He then received 2,857,467 shares for a $6,700 loan. He received those shares at a pps of 0.0023.
If he did sell the 5M shares, it shows that he doesn't have nearly as much faith in SIRG as some claim.
SIRG must list all of his shares that are beneficially owned, regardless of if he owns over 5%, due to the fact that he is the CEO.
Seeing as J. Rod is the owner of 5277 Partners, the shares owned by 5277 Partners are declared as beneficially owned by J. Rod Martin, proof is in the filing. If he failed to file a Form 4, that is a huge problem, and it will catch up to him in time!
This supposed 16M shares is just another fictitious number! If J. Rod owned over 16M shares it would be shown on the companies filings, and it simply isn't!
Rod actually owns 16,117,467
A nice $3 trade to bring it down. LOL...
What I am stating is that in the annual report for 2011 J. Rod had over 10M shares, and in the annual report for 2012, he had ~5M less shares. There are two conclusions one can draw from that. 1. The auditing firm didn't properly audit the document. 2. J. Rod sold shares. Seeing as they have a well established auditing company, the later is the more likely of the two IMO.
http://www.otcmarkets.com/edgar/GetFilingPdf?FilingID=8547623
http://www.otcmarkets.com/edgar/GetFilingPdf?FilingID=9223779
Here are a couple links to the documents that I searched. If it's there or I missed a document, please point it out!
http://www.otcmarkets.com/edgar/GetFilingPdf?FilingID=7428664
http://www.otcmarkets.com/edgar/GetFilingPdf?FilingID=7865731
http://www.otcmarkets.com/edgar/GetFilingPdf?FilingID=8547623
http://www.otcmarkets.com/edgar/GetFilingPdf?FilingID=9223779
That is because one doesn't exist! I have searched for such a document when that number was thrown out there in the past.