Gave up "makin' copies" for "makin' money".
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SRGE is a fundamentally strong company with massive progress and profits... the price per share and the volatility in the share price is irrelavent to an "investor" long myself. Im in this stock for the long haul... not selling... its an investment, not a short money trade for me and others should be buying them for the same reason imo.
Southridge Enterprises Declares Cash Dividend
49 minutes ago - Close-Up Media via Comtex
Southridge Enterprises, Inc. announced that Southridge Minerals, Inc. (SRGE), its subsidiary, announced a cash dividend of $0.00003 per common share, payable on Nov. 22 to shareholders of record at the close of business on Nov.15.
In a release on Nov. 5, the Company said the dividend represents a payout of just over 5 percent of the recently reported quarterly net income.
"While it is unusual for a Company like Southridge to declare a cash dividend at this stage of development, we felt that it was the right thing to do for our shareholders given the Company's current cash position and outlook," said Michael Davies, the President and CEO of SRGE. "The Company is currently in production at our Cinco Minas mine and is conducting an aggressive exploration program at our Gran Cabrera gold & silver property. We thought it was important to reward our shareholders with a cash dividend, as they have been very patient while Southridge has evolved into a precious metals producer. Southridge is in an excellent position now generating positive cash flows. Consequently, the Company is moving forward weighing its business direction options and is exploring and discussing partnership opportunities."
Southridge Minerals is a U.S.-based mineral exploration company dedicated to acquiring and developing mineral resources in geologically permissible and politically stable areas of the world.
More information:
http://www.southridgeminerals.com
((Comments on this story may be sent to newsdesk@closeupmedia.com))
Fundamentals are very strong for SRGE... The company is making solid progress... Makes this stock a great investment, not a trade IMO. I'm holding until I see any sort of negative fundamentals. Let it ride... This company is strong and their hard work and solid production efforts plus their future at their other properties makes this a long term hold... Again... My opinion based on 7 years of watching them define who they are and what they want to accomplish. The vision and progress is very clear, more than ever before and I for one am all in! Go SRGE!
Agreed... let the fundamental progress of SRGE speak for itself.
IMO... anyone trading SRGE based on a chart is going to miss out on the largest leg up. As I've said many times... SRGE and their strong fundamentals make them an excellent "investment" imo... not a "trade". The chart doesn't always show the long term strength... and is irrelevant to large shareholders like myself. Fundamental progress is reason to forget the chart and look at your value in this one 6 months from now... or a year from now... no need to watch it every day... just stay abreast of the news and their fundamental progress for reassurance. This stock is an easy one... buy and hold... too simple.
Fundamentally strong company folks... this is an investment not a trade. Pullbacks like these set new support levels for the next leg up. If you own this stock it should be for the right reason IMO... because it is a valuable company with valuable assets that is making huge progress to becoming a listed stock in the near future.
Buy and Hold works for any company showing financial and operational progress... as is the case with SRGE... I have $350k of profits so far to prove... and I haven't sold a share. Just my own opinion... to each their own. SRGE is a different company today than it was even a year ago. Large companys have to start somewhere and SRGE is right on track imo.
We havent seen anything yet. The folks that got out last week wish they hadn't and the folks that get out this week will too imho. Fundamentals are too strong... long term hold for me and other "investors". SRGE is an EASY 2-3 year buy and hold stock... again... imo.
IMO... evaluation regarding whether a cash dividend will come to fruition should be based on each companys ability to do so. Past pink sheet performance does not translate into a single individual company circumstance. SRGE progress is unique and cannot be grouped into "pink sheet historicals" in general.
Earny... can you prove thier position is not short against SRGE? TY
Your math is correct here my friend... which makes it very possible that another entity is refining some of the ore for them as well. Something to consider.
"Someone's gone to lots of trouble to make this believable. "
I agree Shag... real progress is hard work... SRGE team has been working extremely hard creating a solid company, purchasing valuable assets and refining valuable ore. They have gone to a lot of trouble because its paying off in the form of GOLD and SILVER... and dollars on their income statements!!!
We have a company that has solid fundamental progress that is making money... thats why I stay away from the "rumors"... talking up a rumor is dangerous... focus on whats real and this company is a good investment without pumping rumors.
In this stock for the strong progress... fundamentals. Rumors of buyout might help short term traders but I own this for facts... not rumors. GLTA
No pump with rumors of buyout... only reason this stock is going up is they are making huge fundamental progress... getting current on their filings AND... THEY ARE MAKING MONEY! All of that is proven... don't buy on a buyout rumor... buy becuase this is a solid company making money with crazy potential.
Sterling... excellent post as usual bud. Helping new investors catch up on DD that us long timers have been reading for months/years... watching SRGE fundamental progress. New investors... Here's all you need in one post to show the progress of this company... Big money Vanna!!! GO SRGE
"baseless rumor" is a term used here on iHub... not by corporate investor relations executives. I am a corporate executive for a Fortune 100 corporation and I deal with our PR team regularly.
I'll spend one last response on your comment... they cannot legally answer that question. GL... SRGE share holders will be very wealthy IMO. I'm not putting timeframes like next week on my expectations... I'm holding this stock for years. It doesnt matter to me how high it goes... until I see a leveling out of the massive amount of fundamental progress this company is achieving I will not get out of a single share... jmo
Im not in this stock to trade it... its the only penny stock I've EVER owned and imo you don't trade penny stocks on charts... you trade them on fundamental progress... which it is very transparent that SRGE is makeing tons of progress. No one but SRGE will convince me otherwise. TY
It would be a waste of my time to call a company and ask them a question that they cannot legally answer until it becomes public knowledge.
I agree!! If one calls a move from .0005 to .006 (1200% increase) since the beginning of August to today "stuck in the mud". I like getting stuck in this kind of mud. :)
Is there proof that this response is from SCCO or is it a typed up pretend email that anyone can forge? There's no validity to this kind of pretend proof IMHO.
They both only go out 2 decimal places on their websites.
Got confirmation this AM that they took my limit over $1. Its in... funny how the MM, which Scottrade confirmed they use NITE and UBS, wouldn't take it until I threatend to move my money from Scottrade if their MM didn't take my order. :) Interesting stuff going on here in SRGE land... looking forward to this quarters financials that get reported early next month!!
Ive contacted Scottrade corporate... they use NITE AND UBS (go figure) and I obviously have a significant total account balance with ST owning this much of SRGE alone... (SRGE THE BOMB stock!!!) They moved my limit order to over $1/share but said it may get rejected by the MM. I told them if it does I am moving my money to my second trading platform. And I will. I await their call in the morning. :)
Scottrade will only let me move my limit order to 4x where its trading... my 31+ million shares are now out there on a GTC at 2.4 cents/share and moving with the market. Not barrowing my shares to short anymore.
SRGE... the reporting begins... anyone seen numbers from 2012? MSN has... here we go folks... real deal. No more excuses that they are not current on their numbers... just a taste of whats to come. Transparency will show this SOLID company's value.
http://investing.money.msn.com/investments/stock-balance-sheet/?stmtView=Qtr&symbol=srge
I have 31,105,000
MM's trying to show a heavy hand on the ask to induce selling... dont fall for it SRGE believers. This is classic. IMO SRGE is an INVESTMENT... not a DAY TRADE. No consideration to sell for months and maybe years by this share owner.
MM will not allow limit orders above 4 times where it is currently trading.
Been following SRGE for 7 years... there time has come. BGL is a wish list stock that never comes true.
Cant wait to buy more SRGE on the open... watch it run boys and girls. Bandera simply pretending to own SRGE's properties. Sad
This stock is a MAJOR SCAM!! Stay away if you value your hard earned money... I cant find a bit of evidence that this is a real company with any ownership or assets.
Let me be to the point... the float is much less then you think simply from my own investment. I own over 31 million shares myself... and MM's will get none of mine... I honestly dont care if this stock goes to zero due to all the fake negative hype. If you don't believe me I will send you a screenshot of my brokerage account. I have limited unpaid access on this board so you must email me your email address if you want me to prove my position... the float is MUCH less than you all think... this company is going to prove a lot of "players" wrong and a lot of "investors" (me) rich. GLTA... time will tell.
You are absolutely incorrect here. SRGE was not "removed"... They took themselves off the OTC BB in order to get their house in order. Wise move on their part until they completed the property purchase and surface rights paperwork with the Mexican gov... in order to get relisted and enter the board with fundamental strength established.
Do your own DD and decide. I have for 5 years now on SRGE... I will say I am very long and will continue to stay very long this stock... but do not take my word as you do not know me. Research yourself and decide. GL to all.
Take it from an early bird... this company has solid progress fundamentally. Been following them too long to even consider ducking out in the "cents/shr". Real deal folks. Investors should buy SRGE and watch what happens over the next 2 yrs. Traders... find something else... you'll get burnt buying in higher than you sold. Go MOMO!
I've been restricted on this Board to one post per day... so here is my two cents. News this morning. SRGE baby!!
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7 hours 49 minutes ago - eTeligis via Comtex
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Isnt it more beneficial to buy in the PM in order as a long share holder?
Selective posting of my message... your responses scream fishy bro.
No one on here knows when news is coming... thats a pump and dump ploy. All we can do is wait for it. Claiming its coming is not real first of all and just a ploy to let folks down when it doesn't happen. It will come... solid fundamental operation here with SRGE.... just wait for it bro.