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Could you please provide the document that shows J. Rod EVER paid that much for 5M shares???
Agreed! MANY investors made a nice chunk of money off of GDSM, and I think GDSM has a good chance of running again in the future. Only time will tell...
I think I will stick with what is provided in the filings. SIRG is obligated by law to provide the facts in the filings with the sec. I have heard so many false statements that were supposedly said by the SIRG higher ups that it makes hear say hard to believe anymore.
I know the most recent anticipated date to speak of was the supposed FONSI date, April 15, 2013. That date has come and gone, and no word on the FONSI. Regardless of if the FONSI date is pushed back or not, the latest the note can come due is October, 15, 2013. If SIRG doesn't pay the note off by then, it's game over time for them.
However, if SIRG fails to file the proper paperwork to push back the due date to reflect any delay in the FONSI date, they very well could lose ownership of the mine on July 15, 2013, as stated.
It's a good thing some of the longs don't. Otherwise, everyone would be gone.
There are notes that have or are coming due. Dilution is the only way they can pay for anything.
Did you notice that the anticipated FONSI date has already come and gone???
Then could you please explain the discrepancy in the number of shares beneficially owned by J. Rod?? The filings have been audited and are assumed to be "fact".
http://www.otcmarkets.com/edgar/GetFilingPdf?FilingID=9223779
http://www.otcmarkets.com/edgar/GetFilingPdf?FilingID=8547623
Perhaps those are some of the shares that he sold??
J. Rod now has 5,530,000 shares of SIRG stock, and in 2011 he owned 10,587,467 shares. It's safe to say that he banked on one of the runs.
http://www.otcmarkets.com/edgar/GetFilingPdf?FilingID=9223779
http://www.otcmarkets.com/edgar/GetFilingPdf?FilingID=8547623
After last year's run, we know the potential of GDSM.
Actually, what I posted was very correct. Initially, SIRG planned on hiring 30-40 people. Then they reduced the number to 20.
I sure hope those individuals which were planning on applying for the "40 jobs" didn't have their hopes too high! It's already been 6 months since they announced they would be hiring, and now they don't even anticipate receiving the FONSI until April 15, 2013.
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=9021095
That's a purely speculative number. I could easily say 80% did, and there is no proof.
I will say, most "smart" investors that play the pink market on a regular basis took some profits along the way.
It does, however, show where a lot of the money some are concerned about went.
Many investors made major green off of GDSM!
All the paid promo companies have to disclose is that they are being paid by a third party, right??? If this is the case, of course you wouldn't be able to connect them to the paid promo. That doesn't mean they aren't connected!
According to the most recent filing, J. Rod only owns 5,530,000 shares of SIRG "beneficially". I guess he sold some shares if he originally owned over 15M shares. I guess even the CEO is selling, that's somewhat humorous.
VERT is at the top of the ask and bid on the L2. I wonder which of the financing companies is trying to cash out???
A few things you should know about SIRG
SIRG has completed the following:
1. Increase their A/S to 990M from 440M.
http://nvsos.gov/sosentitysearch/CorpDetails.aspx?lx8nvq=Uk5bViH2qqz99jcGYeuYwg%253d%253d&nt7=0
2. Increase the interest rate of the Grand View Ventures Note to 18%.
3. SIRG has filed a deed of trust to Grand View Ventures for their 80% interest in the Chloride Copper mine. If they default, they will lose the mine!
4. Extend their over $330,000 in notes due to Grand View Ventures all of 6 months, they now have just over 5 months until the notes are due. If they default, they lose the mine.
5. Increase the amount they owe Grand View Ventures by $17,500 effective upon signing the forbearance, due to the fact that SIRG is now required to cover the lawyer fees Grand View paid for the forbearance.
6. Take a new note out with Asher Enterprises in the amount of $32,500.
You have that backwards buddy...
The city of Kingman, AZ, the city which the Kingman Daily Miner is published for, has a population of 28,279. Kingman is a fairly small city, and not all of those individuals subscribe to the Daily Miner. Thus, one can only conclude that the number of individuals that read said articles would not have much of an impact overall. I would consider it a fairly small paper. I think that is what he meant by "rinky dink".
I did not state that selling the property as scrap metal was dilution. I merely pointed out that a portion of their property was sold for scrap metal, and that SIRG didn't use that money to pay back their lenders.
Selling property is far from dilution. What is dilution is giving the TOXIC financing companies millions of shares to satisfy their notes.
One thing is for sure, they didn't use it to pay their financing companies as was required!
When VERT is on the ask, it's typically dilution!
Nice! It looks like GDSM is indeed working on uplisting and even hiring new management!
My question would be, is Jorge Medina even still running/managing Medina Property Group LLC??? In the initial filing to establish the company in 2010 he is listed under Article V as a managing member.
http://sunbiz.org/pdf/50632655.pdf
However, when the company was reinstated on May 1 2012, Jorge Medina was no longer listed as a managing member. Only Xavier Gomez is listed as a managing member of Medina Property Group LLC. Jorge's name isn't even on the document.
http://sunbiz.org/pdf/34380504.pdf
They did not add additional shares of preferred stock via this amendment. Please show me where in the below article that it states they added additional preferred stock above and beyond the 100M that we already knew about? They are stating that the MAXIMUM NUMBER OF PREFERRED SHARES IS 100M.
According to the filing, it was property that was sold as scrap metal. That shows that their property/asset was indeed sold for a mere $3,710.
If a company can have a maximum of 100M preferred shares according to an amendment to their articles, they can't possibly have more than 100M shares!!! I don't know what part of that seems to be confusing to some, but a maximum of 100M means they can only have 100M. It's as simple as that!!!
Take a moment and re-read the quote.
What part of a maximum number of 100,000,000 preferred shares is causing confusion? If they are only allowed a MAXIMUM of 100M preferred shares, there can be no additional preferred shares. The previous increase was included in this amendment to their articles of incorporation, yielding the 100M preferred shares previously approved.
Not 101M or 196M, but a MAXIMUM of 100M.
If it existed, it would take nothing to provide it.
The valuation is inaccurate according to my DD, especially after the A/S increase along with the substantial O/S increase over the past year. The value 0.035 is just a meaningless made up number IMO.
I'm not the one claiming a specific valuation of the company. If someone wants to throw a number like 0.035 out there, they should provide the calculations so that potential investors can confirm.
If that were an accurate valuation for SIRG, every current investor would be happy to provide the information. However, nobody is willing to provide any proof. Go figure...
Simply saying "it does exist" without any evidence to confirm such a statement, makes it an empty statement.
Nobody can provide confirmation that it does exist; thus, one must conclude that it indeed does not exist.
If I am wrong, please provide the calculations to confirm the said valuation.
That is what makes some people believe that he is going to take this company in a new direction.