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What, no tweets??
Isn't it possible that they COULD get the fins done early and release them wednesday, or tuesday?
Couldn't they also put out a tweet just confirming that the fins are going to be ready on time??
It's SO nice to see that SOMEONE got some 2's this morning!
And the 999's are back today as well....
Everybody SING!
Here comes the sun (doo doo doo doo)
Here comes the sun, and I say
It's all right
Little darling, it's been a long cold lonely winter
Little darling, it feels like years since it's been here
Here comes the sun
Here comes the sun, and I say
It's all right
Little darling, the smiles returning to the faces
Little darling, it seems like years since it's been here
Here comes the sun
Here comes the sun, and I say
It's all right
Have you boys and girls been watching the BID size and the ASK size this morning???
It's been moving around a bit, and showing a lot of 999's. And there have also been about 3 trades so far this morning. Why all this Morse Code between MM's?
This doesn't FEEL Chilly to me! Maybe something's happening soon!
Hopeful Charlie
Weren't we supposed to get a PR this week? and most were saying that they would probably do it pre-market.
I've still got some hope....
WOW - I saw that 9.5 million shares had traded and thought.... maybe this is the day we go back to normal trading.... so I went onto e-trade and tried and... nope. At least on e-trade the lock is still in place.
Still, SOMEONE BOUGHT 9.5 million shars this morning. Always a good sign to see someone put almost $1,000 into SGCP.
Charlie
Thanks BlueDog! That looks like it would be easy enough to pan out at least SOME of that if they wanted to. Those look like some BIG flakes!
B4 is there anything at all that you can share about your conversations with Doug? We (more specifically ME) could use some good news and something to sustain hope.
You know I'm a LONG, and I'm waiting for this nonsence to conclude soon.
Charlie
We've BEEN screwed for a while now. At least now something is changing. Maybe rolling over to a different position? lol! I don't care anymore and will be glad if something creates interest and movement.
Charlie
Another $100 ... someone thinks this will bounce? I'm a cat lover so I don't really care for the phrase... but could it happen?
Maybe
Did you guys see the 3 additional pics with info on the home page? look at the bottom left and there are 4 dots. Click on the 3rd dot to find the following....
"Sierra Gold's agriculture operations are attracting the interest of investors on a worldwide scale"
Charlie
wasn't there an offer to buy out a huge chunk of the company that management turned down? Maybe they will have a counter-offer? Or maybe just start to buy up some smaller chunks?
Question for the board....
I wonder if we'd get anywhere with a lawsuit against the DTCC? Assuming that SGCP didn't do anything wrong, then we are victims in this and THEY are not only preventing us from trading OUR shares, but also contributing to our devaluation.
I don't have the time, but thought I'd put the thought out there.
Charlie
I wonder how many advance orders they currnetly have on the books? Any chance they'd tweet it to us?
We all know that Doug is back. And that he is most likely working very hard right now with the DTCC lock situation.
Maybe he'll post one or two new pictures for us to mull over while we wait...
Charlie
So they are revising their sales goal.... UPWARD 50%!!
EPGL widens its 2013 sales goal from 10k units to 15k units via additional International sales channels to Asia and Europe.
Thanks RocketMan! Good PM
Thank You. That was the best and most honest response to that type of question I've heard.
Why is this stock so LOW??? I still have shares here, and have for a long time, but haven't been paying too much attention.
Why aren't we at least over half a cent? Heck, we should be over 2 or 3 cents. Isn't the mining season about to start and shouldn't we be getting some good news soon? So why so low?
Charlie
someone has some blind faith and just tossed $100 into the pit.
It's getting close to mining season over there. Would be nice to get this stock straightened out since I'm sittin' on 4.5 million shares and would like to dream of pennies. Oh, but wait, I'm awake now..
Anything new from the Land-o-Twitter???
Wow, 8 million on the ASK. So we aren't going any higher than that for a while, unless some investmenr banker wants to free lance with a few big buys.....
I guess anything is possible.
My girls are ready for the job!
Any ideaa when the next PR or news is coming? are we gonna sit for a while?
nope. They haven't charged me.....
You can call one in on e-trade
5 million shares on the bid! Good job! You can't get a better entry point than that!
Good News!
We are $14,920 away from break even according to "Net Ordinary Income"
If we didn't run outta gas this season we'd be in profits... now that we have a bowser we should be fine!
Let's all wish Doug a safe and successful trip to Sierra Leone!
If we're lucky... maybe when he comes back... the lock will be lifted, and he'll have some good news to report back, like maybe a S.V. or a black sands update and new pictures. Updating the web page with our 2013 projects would be nice too!
GO SGCP
DTCC Letters:
(These are posted on the company website under Field Reports:)
http://sierragoldcorp.com/field_reports.php
SIERRA GOLD CORPORATION
503-192 Jarvis Street
Toronto. 0N
M5B 2J9
(416) 200-6966
September ll,20l2
DTCC
55 Water Street
New York, N.Y.
u.s.A. 10047-0099
Attention : Compliance Department
Re: Depository Chill on Sierra Gold Corporation CUSIP # 8263J5-10-3
On August 30,2012 Sierra Gold Corporation (SGC) received an e-mail from a shareholder asking
why DTCC placed a "chill" order on SGC. Additional similar shareholder requests for
information on the issue were received over the long weekend and into the week of September 5,
2012.
The company was advised by a shareholder over the Labour Day weekend that some other
companies had received similar restrictions placed on them by DTCC but unlike SGC, they had
received written notice by DTCC. SGC expected to receive an official notice of some sort from
DTCC in order that a response to any shareholder concerns could be addressed in a timely
manner. As you can imagine, the rumours regarding the problem were numerous and varied.
SGC did research the problem on our own to the extent capable and since the company has
received no written, electronic or verbal communication from DTCC, the intent of this leffer is to
ask for clarification from DTCC.
The company is of the opinion the real issue involves the trading of stock by one Mr. Bronson
and Fairhills Capital over which SGC has no control and thus is put in a position of collateral
damage. This situation that the company is put in is damaging to its agricultural and mining
operation but more specifically to the shareholders who support and have supported the company
for the past 6 years.
I would respectfully request a clarification response from DTCC in order for the company to
respond and resolve any issues and return to "Unchilled" status.
Sincerely,
Douglas Evans
Chairman and CEO
*********************************************************
DTCC 55 WATER STREET
NEWYORK, NY 10041-0099
TEL:2L2-855-3298
dmaj@dtcc,com
September 17,2012
Bv Federal Exnress
Sierra Gold Corp
503-L92 farvis St.
Toronto, ON MSB 219
Canada
Attn: Doug Evans, CEO
Re: Imposition of Global Lock on Sierra Gold Corp./CUSIP 826315103
Ladies and Gentlemen:
The Depository Trust Company ("DTC") has suspended all book-entry services (the "Global
Lock") provided to its participants with respect to the common shares of Sierra Gold Corp
(the "lssuer"), bearing the CUSIP 826315L03 (the "lssue"), as of August29,20t2.
The Global Lock was imposed consistent with Rule 5 of DTC's Rules; Section L of DTC's
Operational Arrangementsl and applicable Iaw, including, without limitation, Section 17 A of
the Securities Exchange Act of L934,15 U.S.C. $$ 78q-1, et seq. and the Bank SecrecyAct, 31
U.S.C. SS 5311 et seq.
Basis for the Global Lock
DTC has learned that the Securities and Exchange Commission ("SEC") has recently
commenced an enforcement action captioned Securities and Exchange Commission v. Edward
Bronson et al., Civil ActionLZ-CY-6421 (S.D.N.Y., filed August 22,20L2) fthe "E-Lionheart
Enforcement Action). In its complaint, the SEC alleges, among other things, that from at least
August 2009, Edward Bronson ["Bronson") and E-Lionheart Associates, LLC, d/b/a Fairhills
Capital ("E-Lionheart") (collectively, "Defendants") engaged in a scheme to purchase billions
of shares of stock from small companies and illegally resell those shares to the investing
public, claiming an unavailable exemption from registration under Rule 504(b)(1)[ii) of
Regulation D of the Securities Act of L933, as amended (the "securities Act") and 7309(b)(B)
of the Delaware Securities Act. The complaint alleges, specifically, that from August 2009
(continued on next page)
r DTC's Rules may be found at http://www.dtcc.com/legal/rules-proc/dtc-rules.pdf. DTC's Operational
Arrangements may be found at
http://www.dtcc.com/downloads/legal/rules-proc/eligibility/operational.arrangements,memo.pdf.
***********************************************
through May 201\, Defendants acquired and illegally sold L.1- billion shares of the Issue (the
"E-Lionheart Shares").
DTC's records demonstrate that some or all of the E-Lionheart Shares were deposited at DTC
and comingled with shares of the Issue on deposit at DTC for book entry services. As a result,
DTC has imposed the Global Lock in order to prevent, among other things, the unregistered
securities from being transferred on the books of DTC.
Hearing Request and Submission
If you wish to be heard in connection with DTC's imposition of the Global Lock, you must file
a written request for a hearing ("Hearing Request") with the Secretary of the Corporation,
within seven (7) business days of the date of this letter. The Hearing Request form is
attached hereto as Exhibit A. Failure to submit the Hearing Request within the time period
set forth above shall constitute a waiver of your right to be heard, and the Global Lock will
remain in effect, subject to DTC's right to take any other action it deems appropriate with
respect to the Issue.
If you do submit a timely Hearing Request, DTC will contact you regarding the process with
respect to your objection.
Please be advised that the submission of any information or documentation as may be
required will not automatically result in the determination to lift the Global Lock. The
outcome of DTC's review and determination may be to continue the Global Lock in
which case you will be provided with the reason(s) for such decision.
Donald Maj
****************************************************
SIERRA GOLD CORPORATION
503 - 192 Jarvis Street
Toronlti" f)N
lvtit] 2J9
(416) 200-6966
September 19,20l2
DTCC
55 Water Street
NewYork,N.Y.
u.s.A. 10047-0099
Attention: Donald Maj
Re: Global Lock on Sieqra Gold Corpofation CUSIP # 826315-10-3
Thank you for your prompt response to my letter dated September 11,2012 regardingthe Global
Lock on Sierra Gold Corporation. As per your letter of September 17,2012,I would like to
submit a "Hearing Request" on behalf of the corporations shareholders. Exhibit A is hereby
signed and attached.
From a timing perspective, I will be travelling to Sierra Leone on company business from
September 20,2012 through October 8,2012. I can be available anytime following those dates,
at your convenience.
Sincerely,
Douglas Evans
Chairman and CEO
***************************************
EXHIBIT A
HEARING REQUEST
Corporate Secretary
c/o Donald Maj
The Depository Trust Company
55 Water Street
NewYork NY 10041
FR: Name of Issuer ['Sierra gold Corporation')
RE: Requestfora Hearingre CUSIP No. 826315103
The undersigned on behalf of the Issuer hereby requests that The Depository Trust Company
("DTC") provide the Issuer with a hearing with respect to DTC's imposition of a Global Lock
with respect to shares of the Issuer.
Sincerely,
Douglas Evans
Sure thing. ?? Right now I have a very affectionate cat on my lap because I returned from a vacation last night. I'll be able to do more computer work later today.
I thought this line was interesting....
Please be advised that the submission of any information or documentation as may be
required will not automatically result in the determination to lift the Global Lock. The
outcome of DTC's review and determination may be to continue the Global Loch in
which case you will be provided with the reason(s) for such decision.
Y'
Donald
**************************
Does this imply that the lock is SOMETIMES lifted just by getting the info they request???
DTCC letter to SGCP page 2
through May 201\, Defendants acquired and illegally sold L.1- billion shares of the Issue (the
"E-Lionheart Shares").
DTC's records demonstrate that some or all of the E-Lionheart Shares were deposited at DTC
and comingled with shares of the Issue on deposit at DTC for book entry services. As a result,
DTC has imposed the Global Lock in order to prevent, among other things, the unregistered
securities from being transferred on the books of DTC.
Hearing Request and Submission
If you wish to be heard in connection with DTC's imposition of the Global Lock, you must file
a written request for a hearing ("Hearing Request") with the Secretary of the Corporation,
within seven (7) business days of the date of this letter. The Hearing Request form is
attached hereto as Exhibit A. Failure to submit the Hearing Request within the time period
set forth above shall constitute a waiver of your right to be heard, and the Global Lock will
remain in effect, subject to DTC's right to take any other action it deems appropriate with
respect to the Issue.
If you do submit a timely Hearing Request, DTC will contact you regarding the process with
respect to your objection.
Please be advised that the submission of any information or documentation as may be
required will not automatically result in the determination to lift the Global Lock. The
outcome of DTC's review and determination may be to continue the Global Loch in
which case you will be provided with the reason(s) for such decision.
Y'
Donald Maj
DTCC letter to SGCP page 1
trTtrtr 55 WATER STREET
NEWYORK, NY 10041-0099
TEL:2L2-855-3298
dmaj@dtcc,com
September 17,2012
Bv Federal Exnress
Sierra Gold Corp
503-L92 farvis St.
Toronto, ON MSB 219
Canada
Attn: Doug Evans, CEO
Re: Imposition of Global Lock on Sierra Gold Corp./CUSIP 826315103
Ladies and Gentlemen:
The Depository Trust Company ("DTC") has suspended all book-entry services (the "Global
Lock") provided to its participants with respect to the common shares of Sierra Gold Corp
(the "lssuer"), bearing the CUSIP 826315L03 (the "lssue"), as of August29,20t2.
The Global Lock was imposed consistent with Rule 5 of DTC's Rules; Section L of DTC's
Operational Arrangementsl and applicable Iaw, including, without limitation, Section 17 A of
the Securities Exchange Act of L934,15 U.S.C. $$ 78q-1, et seq. and the Bank SecrecyAct, 31
U.S.C. SS 5311 et seq.
Basis for the Global Lock
DTC has learned that the Securities and Exchange Commission ("SEC") has recently
commenced an enforcement action captioned Securities and Exchange Commission v. Edward
Bronson et al., Civil ActionLZ-CY-6421 (S.D.N.Y., filed August 22,20L2) fthe "E-Lionheart
Enforcement Action). In its complaint, the SEC alleges, among other things, that from at least
August 2009, Edward Bronson ["Bronson") and E-Lionheart Associates, LLC, d/b/a Fairhills
Capital ("E-Lionheart") (collectively, "Defendants") engaged in a scheme to purchase billions
of shares of stock from small companies and illegally resell those shares to the investing
public, claiming an unavailable exemption from registration under Rule 504(b)(1)[ii) of
Regulation D of the Securities Act of L933, as amended (the "securities Act") and 7309(b)(B)
of the Delaware Securities Act. The complaint alleges, specifically, that from August 2009
r DTC's Rules may be found at http://www.dtcc.com/legal/rules-proc/dtc-rules.pdf. DTC's Operational
Arrangements may be found at
http://www.dtcc.com/downloads/legal/rules-proc/eligibility/operational.arrangements,memo.pdf.
SGCP letter to DTCC
SIERRA GOLD CORPORATION
5tl3 * iq2 Jarvis Street
Toronto. 0N
Mii] 2J9
t41(tl 2Alr-6966
September ll,20l2
DTCC
55 Water Street
New York, N.Y.
u.s.A. 10047-0099
Attention : Compliance Department
Re: Depository Chill on Sierra Gold Corporation CUSIP # 8263J5-10-3
On August 30,2012 Sierra Gold Corporation (SGC) received an e-mail from a shareholder asking
why DTCC placed a uchill" order on SGC. Additional similar shareholder requests for
information on the issue were received over the long weekend and into the week of September 5,
2012.
The company was advised by a shareholder over the Labour Day weekend that some other
companies had received similar restrictions placed on them by DTCC but unlike SGC, they had
received written notice by DTCC. SGC expected to receive an official notice of some sort from
DTCC in order that a response to any shareholder concerns could be addressed in a timely
manner. As you can imagine, the rumours regarding the problem were numerous and varied.
SGC did research the problem on our own to the extent capable and since the company has
received no written, electronic or verbal communication from DTCC, the intent of this leffer is to
ask for clarification from DTCC.
The company is of &e opinion the real issue involves the trading of stock by one Mr. Bronson
and Fairhills Capital over which SGC has no control and thus is put in a position of collateral
damage. This situation that the company is put in is damaging to its agricultural and mining
operation but more specifically to the shareholders who support and have supported the company
for the past 6 years.
I would respectfully request a clarification response from DTCC in order for the company to
respond and resolve any issues and return to "Unchilled" status.
Sincerely,
Chairman and CEO
Very good INDEED!!
We can ALL speculate on how this is going to turn out, but I don't think ANYONE is certain at all, which makes this super interesting to watch!
Charlie
I don't know how the rest of you feel about this, but i really LIKE this part.....
from the FR:
Quote:
"The company has received no formal written notification from DTCC to date in regards to this."
IMO, if we haven't been formally notified, then we aren't a participant and SGCP hasn't done anything wrong. Makes me feel good that this is indeed a temporary thing and to just hold on.
Charlie
agch.. good points....
and what if there ARE NO CHARGES against the company? What if the lock was placed there just to stop the illegal trading, which the company had no control over?
No notice to serve. Just lock it up and investigate. Then release and trade on my friends....
OMG, did you see what just happened to the price of gold??
agch44 why thank you, thank you very much! I haven't been called 'Brilliant' since I stopped arguing with idiots. Why try to convience someone of facts they can not comprehend?
I feel the SEC placed the lock to stop further damage and it will be removed when they are satisfied.... IMO of course.
WAIT A MINUTE! Did I just now see a new picture on the company website? It's Doug holding a firehose splashing down some really hot investors! lol... No, I was just dreaming again...
GO SGCP!
Charlie
let me toss out a thought....
The SEC knows that illegal trading has been going on. In order to stop it and investigate, they put the DTCC HOLD on the stock.
I am assuming, (and I hope the rest of you are as well) that SGCP is a victim and hasn't done anything wrong here.
Therefore, the lock is only temporary and after the SEC has all the info they need, they will lift the lock.
The past examples that others are relating to, saying that this could take YEARS, is probably when the company has participated in the illegal trades and NOT been a victim. Why would the SEC punish a victim?
Charlie