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Yes the links clearley show that you are wrong and Rod did not sell any shares.
Wrong again! What you are seeing is a difference in reporting. The new accountant is only listing the shares that are issued. Where as the old accountant included those that were subscribed but not issued.
(3)
Includes 5,057,467 shares which are earned, but have not been issued. These shares are disclosed in this 10-K under Item 12: Shares Subscribed, Not Issued. Had the 5,057,467 share been issued to Mr. Martin then his percent of all common stock outstanding would be 3.5%.
You will note that the difference between the two tables is 5,057,467 shares.
Please try to stick to the facts.
Anybody have a chance to look at the latest 10Q/A?
http://ih.advfn.com/p.php?pid=nmona&article=54420227&xref=newsalert
Thanks Acuate
In response to
It is not a big deal.
SIRG changed accounting firms and needs FINRA approval of their new accounting firm. I doubt there will be any problem in getting their new accounting firm approved due to their reputation.
Marcum LLP is one of the largest independent public accounting and advisory services firms in the nation.
Ranked among the top 15 firms in the nation, Marcum offers the resources of more than 1,100 professionals, including more than 150 partners, in 23 offices throughout New York, New Jersey, Massachusetts, Connecticut, Pennsylvania, California, Florida, Grand Cayman, China, Hong Kong and Shanghai. The Firm's presence runs deep with full service offices strategically located in major business markets.
Established in 1951, Marcum is a leader with an outstanding reputation at the national and regional levels. Marcum is ranked as one of the largest firms in the New York metropolitan area (Crain's New York Business), the greater Philadelphia region (Philadelphia Business Journal), the New England region (Boston Business Journal) and the Southeast (South Florida Business Journal).
If someone told you that they didn't owe you a substantial sum of money how long would you wait to reply? The fact that they didn't reply "yet" makes it very clear that they re not going to.
They didn't just "pretend" the debts didn't exist. They did a very smart business move and asked for proof that the liabilities were real. If they couldn't provide any evidence, or wouldn't respond, they invalidated them. The fact that most didn't respond really illustrates that they were invalid debts.
SIRG is not going to be halted, that was a completely baseless claim by a poster
Given that the salaries are a constant, any additional expenses must be from operating activities. You can look at the latest filings and news releases and see that the activities are creating deliverables, such as BLM approvals, pending EA approvals, work on ADEQ approvals, Chill removals, ect. These are clear signs that they are making progress and are easily verifiable with various public entities.
The company is demonstrating that it is not just a scam company and has made real progress towards becoming a producing mining company. Keep in mind that it was simply a scam company like so many others they would simply issue PRs with no verifiable information.
I suppose that it makes sense that expenses are going up given that ACTUAL work is being done on permits and preparations for production. It clearly shows that this isn't just a pump company that they are moving forward.
Yes that is our Rod, a man of few words and no fluff. His short but important announcement that
On August 1, 2012 SIRG awarded the transfer and modification of its existing Aquifer Protection Permit to CDM Smith (www.cdmsmith.com) a full service, consulting, engineering, construction, and operations company that guides clients across the project life cycle in water, environment, transportation, energy, and facilities.
"We looked at a host of well qualified companies to handle this very important permit process and feel confident in our selection of CDM Smith," said J. Rod Martin, Chief Executive Officer of Sierra.
CDM Smith will prepare all materials for permit transfer, will prepare the BADCT demonstrations for the new facilities as contemplated by Sierra for future operations, will prepare the Amendment (Modification) Application package and final application for submittal and will fully manage the project to completion including handling all meetings with ADEQ and Sierra.
"We looked at a host of well qualified companies to handle this very important permit process and feel confident in our selection of CDM Smith," said J. Rod Martin, Chief Executive Officer of Sierra.
CDM Smith will prepare all materials for permit transfer, will prepare the BADCT demonstrations for the new facilities as contemplated by Sierra for future operations, will prepare the Amendment (Modification) Application package and final application for submittal and will fully manage the project to completion including handling all meetings with ADEQ and Sierra.
No need to babble on - release the facts and no fluff! Both PRs are important announcements of the continued progress SIRG continues to make but probably only important to SIRG shareholders and future shareholders!
Looks like the release of that SIRG PR about the chill being removed sparked a lot of attention!
SIRG and Rod are so full of surprises, part of what makes it fun to own SIRG shares!
Dead in the water, SIRG got a gust of wind, filled its sails and took off. Up 8.31% on volume of over 1,000,000!
Gotta love it!
Prior to selling any of those SIRG shares, a Form 4 must be filed.
SIRG is not a pink where officers can just dump their shares whenever they want
I think that you are confused about the difference between a buy and a sell. When someone lowers the price to the bid price that is a sell. When someone raises their price to the ask that is a buy. You can clearly see that many more shares came down to the bid price than went up to the ask price, ie there was a considerable amount more selling yesterday than buying. That seems pretty straight forward to me.
It may be worth a message to the author of that board to find out what criteria he uses to remove the names. From what I was told Big Blake who maintains that DTCC he said he usually picks up the information from PRs but that there are so few he doesn't even bother very often. And yes I know that this is "hearsay" and you can apply whatever weight you want to this post.
So again I would advise investors to rely on their own DD and information from Legally binding SEC filings rather than using iHub posts.
I think that it is safe to assume that Mercator did not attempt to acquire SIRG's Emerald Isle/Chloride mine because they had their hands full with their own fledgling mine. In 2010 the company lost $115 on their own mine. That seems like a fairly plausible reason to me why someone would choose to concentrate on their existing project rather than distracting themselves with new properties. Maybe it was because they only had approximately 10% of the purchase price in cash on hand. Both of these seem like fairly reasonable explanations to me, but if you feel that a more detailed explanation is needed I would suggest that you call Mr David Jan at 778-330-1295.
All of this information is easily verifiable, but I will let you do your own 2 minutes of research to find it yourselves.
I think that I would rather believe the SEC filings than an iHub board. Granted everything that is posted on these boards are verified and from reliable sources and all, but overall I tend to put more weight in the SEC filings that have legal ramifications for filing false or misleading statements.
No you are incorrect. It is 5% of the outstanding shares, which is approximately 17mil.
That is blatantly incorrect. Please try and keep posts to the truth. Would you mind providing a link showing your justification? I will help out the other readers and show them the correct link, as I am guessing that you are unable to back up you claim.
http://www.otcmarkets.com/stock/sirg/quote
SIRG is a fully reporting company and any and all information can be found on the SEC's EDGAR system.
http://www.sec.gov/cgi-bin/browse-edgar?company=sierra+resource+group&match=&CIK=&filenum=&State=&Country=&SIC=&owner=exclude&Find=Find+Companies&action=getcompany
This stock is not being shorted at these prices.
Who in their RIGHT mind, shorts a .0021 sub penny.
Exactly, you have almost no reward with the maximum gain of $.0021/share and unlimited risk (there is no cap to how high the stock could climb). I also remember reading that most brokerages require a couple of dollars per share ($2.50 rings a bell) so you would have to tie up $2.50 per share for a maximum gain of $.0021 (roughly .08%).
Would you mind showing me any official filings that state that Medina is a subsidiary of SIRG? I get that everything that is posted on the internet must be true, but in general I prefer to use more reliable sources such as SEC filings.
I am sure that you could ask that about every mining property out there. If you really feel the need for an answer I suggest that you contact Mineral Park and ask them yourself.
Care to post the email in its' entirety?
I can't seem to locate where they said a third party paid for the promo on behalf of SIRG. The burden of proof is on you given you given that are claiming it was Asher.
From their own website
Are you compensated for issuing alerts?
We are at times compensated for alerting our members to a certain company. However, we turn down the majority of the companies that approach us and we will only accept compensation from a company that we have researched and believe will provide our members with substantial opportunities for both short and long-term gains. If we do accept compensation for an alert, as required by the SEC (Securities and Exchange Commission), we will disclose who paid us, the amount, and the type of payment in our email disclaimer.
http://goldpennystars.com/pennystocks
According to them, if they were paid by any of those companies they would have explicitly stated as such.
A little common sense would suggest that it is a cut and paste error given the exact wording is used in all their releases.
It was filed. I would try looking for the correct form though.
Please provide a link to the entire statement and show where it explicitly states that they were paid to promote SIRG. The promotion/newsletter also includes (3) other companies all of which could have paid for the promotion.
It would appear that it is a form letter that Gold Penny has not bothered to update given that exact phrase appears in all their news releases. A quick Google search will prove that.
I wouldn't call 183k @ .009 95k @ .008 103k @.007 paint jobs $3,000 is a litte more than paint jobs.
The acceptance of the MPO is not in question it has been proven to mean exactly what it says. The BLM reviewed and ACCEPTED the MPO.
There is nothing interesting about Rod owning the shares in the name of his company. That is a very common to make investments through a company that you own. Admittedly I don't know why people do it but I suspect that it is for tax purposes.