There were definitely holes in that press release. I find it hard to believe given that MSJ would mysteriously acquire SRGE properties with no details on the acquisition. I also find it interesting that this acquisition occurred shortly after the alleged deaths. If the circumstances given by MoMo that the deaths were executed by BGL, then SRGE would still maintain ownership until a full investigation was performed. During this time new management would be appointed and if it was determined that BGL was involved, a lawsuit would be filed against BGL. If SRGE won the lawsuit, that would probably give them plenty of funds to beef up operations. BGL would be shut down and those involved would be jailed. In my opinion, a company would not halt all operations and sell its assets until the above occurs.

I also tried e-mailing the address given, along with other addresses I have come across, and received no responses. Other companies I deal with at least provide an automated response and some also e-mail back with answers to my questions, of information they can disclose of course.

This is a good point that MSJ acquired the properties, without purchase information, but leaves some questions. The news release states that MSJ acquired the properties from SRGE but many on this board claim that SRGE never really owned those properties. Does this mean that SRGE's claim about owning those properties is factual, or is MSJ also part of the scam?

Who do you believe? We have no proof to support MoMo's claim that he actually met "Johnston" or any others; or even visited the site. If I had visited the site, I would have taken pictures or video of myself alongside Johnston, Davies, and anyone else while showing the operations in the background to prove my claim.

I don't know. I had not been following them. Fill me in.

Lol. There are some interesting things that go up for sale, and actually sell. SRGE would not be the first to company to sell something of no value, or feed false information to promote its shares. A good example of a major corporation that perfomed this feat is Enron. Where is Enron now?

As I said, I know that and understand the regulations. Thank you for reposting it though.

I don't listen to anyone except myself and my own DD. I make good picks, and I make bad picks. If I make a bad pick, it is my fault, but then again it is money that I am willing to lose. Can you tell me that all of your stock picks have been 100% positive? I don't think anyone can make that claim.

What are you implying, that I support killing off the execs? I personally think that SRGE is trying to hide something as the sudden murders seem all too convenient. That is my opinion though.

You just repeated what I said. Correct, correct, and correct. I am not defending SRGE. Right now I lean more toward SRGE being a scam, but there are questions/holes on both sides.

I understand the laws aobut suspending a stock for only 10 days. I know that, and get it. I don't agree with it personally and believe that if a company is found to be a scam, they should suspend the stock indefinitely until a buyout, settlement, or other resolution. That is just my opinion though and perhaps I should have stated it. Sorry for the confusion.

Would you jump on that bandwagon then? It could prove very lucrative. :)

You already made your point clear. I realize 10 days is the limit for suspension per guidelines. In all reality, I would prefer it to remain suspended until a conclusion is made. I realize it is hard to short some stocks given that the brokerages allow it. Does it mean it does not happen? No. I did not state anything about a conspiracy as you claimed. The fact also remains that people are paid to promote a stock for personal gain. It happens all the time through paid promotions and other venues. People are also paid to post on certain boards to help, or discredit a stock.

I have been through several suspensions and know what happens. I also limited my losses gambling with what I was willing to lose. I have also made quite a bit of money on other picks.

Thanks for the clarification though. :)

Here is some information to help you out:

http://www.investopedia.com/ask/answers/06/otcpinksheetshortselling.asp#axzz2MnH0XXIR

Information on shorting Pink Sheet stocks

Red flags were thrown because of the suspension but why not suspend the stock indefinitely? It opened back up, beit on the gray market. Why haven't we heard any of the results from the investigation that the SEC was performing? The suspension was definitely made clear when Kinross denied having any dealings with SRGE, yet SRGE claimed they had signed documents. If the documents were given to the SEC beforehand, the SEC would not have suspended the stock.

I am not arguing against you BONESPUR. Contact with the company has been hard to get. It could also be that they are not answering anyone at this time due to any legal issues that could come up with any information they release. You have already made up your mind which is fine. I just look at it from both perspectives. There are holes either way you look, at least from my perspective.

I have heard worse claims and the company was actually in the right, even with unsurmounted evidence that had been pulled together. You have already made up your decision which is your perogative. While I will say that the evidence around SRGE really points to SRGE being a scam, I have also seen pretty convincing evidence that SRGE is legit. The scammers out there have the tools at their disposal to convince the public either way.

I am on the "Unknowing" side. On one side, the collaborated event to discredit SRGE is a common tactic played out by those shorting the stock. On the other side, the deaths of SRGE's management seem rather convenient and leave speculation as to whether they were legit. Many other actions are questionable. False information could have also been promoted by those that are pumping the stock.

If the assets were officially owned and sold, it could definitely be beneficial to shareholders. Otherwise, if SRGE is determined to be a scam, investors will be holding on to dead weight. Time and a full investigation will prove the case either way.

That is a possibility as well. We don't know although the whole situation does seem very suspicious. I am definitely interested in seeing more information but can't make an accurate judgement on the whole case due to lack of information.

You have to watch what you believe out there. As investors, nothing should be taken for granted. It is very suspicious that Davies and Johnston would suddenly die, right at a point where SRGE is under investigation for its claimed dealings with Kinross. Perhaps whoever is managing SRGE is trying to use the deaths of Davies and Johnston as a diversion, or to somehow hope that the legal matters against SRGE die with Davies and Johnston. To me the whole dealing seems a little too convenient.

Hey MoMo,

If you have shares in the grey sheet litter box, how can shorts steal your shares if you don't sell them? I understand the concept of shorting and NSS but if SRGE moves to a new exchange, wouldn't the shares be converted either way, whether you have certs or you still have shares through a brokerage?

My dividend was also taken back out of my E-Trade account. E-Trade stated that it takes a few days, or more, after a dividend is paid to them for them to release the funds to shareholders. If E-Trade paid out dividends before the brokerage received the funds, they would go out of business. This leaves to question how the brokerages can pay out a dividend and then dig right back into the account to take the dividend back out. The dividend would not have been paid without the funds being received. Does that mean that SRGE can reclaim the funds after it already paid them, or is there some malpractice going on with the brokerage firms, using the suspension as an excuse to pull the dividend back? Just some food for thought. I have been paid many dividends in the past and only when those funds had been paid out. I have never had one taken back out.

If SRGE moved to a new exchange, wouldn't the shares transfer whether you have certs or not?

Hey MoMo,

How did you get access to signed agreements regarding the contract SRGE had with Kinross? That would clear matters up if we were able to see it.

How did you get wind of this then?

Please reference which post. I am not saying you are wrong and unlike you, I am open to all possible aspects. I just don't trust baseless claims without supporting documentation. You provide the proof, you gain my trust and prove the legitimacy of your claims.

Nope, sure haven't. Perhaps you would be so kind as to post your DD showing the contract if you have access to it, unless you are making an insinuation and using it to benefit your cause.

Make what you want of the information posted. As I said, you already have your mind made up on the matter. As with the SEC investigation, I have never seen the SEC, or any government agency, investigate a company or case in a matter of two days and determine guilt. If an investigation had been conducted, the SEC statements would have specified that it found SRGE guilty of releasing false information that could deceive investors.

Here are two links pertaining to the suspension of SRGE for DD in regards to the claim they made that a join partnership was formed with KGC.

www.sec.gov/litigation/suspensions/2012/34-68546.pdf
www.sec.gov/litigation/suspensions/2012/34-68546-o.pdf

It shows that they suspended SRGE based on questions regarding the legitimacy of SRGE's claims, which leads me to believe that the SEC now has to launch a full-out investigation on the issue at hand. I don't see where it states that an investigation had already been conducted.

I am not trying to hide any information or deny that SRGE was at fault, but you seem to be off on your facts.

Very nice DD stervc. We definitely do not know which direction this is heading but should soon find out. It is definitely a debate up for discussion and we can't draw a conclusion until we have all the facts.

As always, thanks for posting such thorough DD.

Then why are you making any mention of SRGE on this board? The fact is that both KGC and SRGE are impacted by the events that occurred and therefore, any discussions about either apply to the board it is being posted on. It is true that the SEC suspended any trading for SRGE and is conducting an investigation. Any time a claim is made such as KGC's, the SEC must act quickly (on a whim) to suspend trading.

I personally do not know all the facts and don't claim to. SRGE could very well be at fault but I would trust a company that has delivered before I trust a company that has pending lawsuits. Something is fishy about the whole situation but in time the facts will be provided.

To each his own. You seem to have already made up your mind and nothing can change that. The SEC could determine that KGC lied and that SRGE's claims of a partnership are legit with supporting documentation, and you would still find some method to discredit SRGE. If SRGE trades again and crumbles, given what news and/or confirmations come out, you are probably going to make a lot of money. Cheers :)

I don't know what will happen to KGC once the lies are exposed but with the lawsuits against KGC at the moment, it leads me to believe that SRGE is telling the truth. A theory I have is that KGC did sign documents with SRGE for a partnership. KGC employees probably started picking up as many shares as they could before SRGE released the news. KGC then might have shorted the stock right before they released their denial of having any dealings with SRGE. I honestly don't think that SRGE would be stupid enough to make such a claim and stick their neck out like that.

If you also look at KGC's statements, they are very vague and use words as "may" and "to the best of Kinross' knowledge". This could be a ploy to include such vague statements to protect KGC from any legality issues.

Either way, we will soon find out more details once more information is provided. I would personally like to see the signed documents that SRGE turned over to the SEC but they probably can't release it yet until this whole thing boils over. If it is determined that KGC's statements are false, I would expect the SEC to lock up its shares as well until a full investigation vets either of them.

Haha. Very funny. You are actually pretty dead on in your representation of the Obama administration. I definitely would not put such an action past him, or his crew. Government has confiscated gold in the past and they probably would not hesitate to do so in the future.

What I would expect from Obama is an apology to KGC for an American company's claim even if SRGE's claim was proven legit. Obama would also apologize for hindering any of Canadian companies' schemes.

Given that Kinross recently replaced its CEO and is shown to be lagging in performance, I can see why they may have executed such drastic measures to leverage themselves using SRGE as a victim to their scheme. An investigation should also reveal if any insider trading was being performed. I would like to know how many shares of SRGE the Kinross employees picked up and then how many were sold, and how many shorts were executed, right before Kinross issued their denial. This would have helped Kinross employees profit in both directions.

Kinross also used generalized statements to specify that "To the best of its knowledge" the join partnership was without any basis". Kinross also stated that the statements made by one of their employees "May" be incorrectly attributed to him. If Kinross had all the facts then their statements would specify certainty. Legally, I can see their wording being used to cover themselves from any legality issues.

I still think a lot of questions need answered but I honestly don't know why SRGE would stupidly stick their necks out like that. If SRGE was trying to scam people, they could have used other methods instead of naming a major company. That would be the same thing as me throwing myself in front of a moving bullet, knowing what is going to happen.

It would be hard, but not impossible. There is definitely something fishy going on here and I do believe that we will get to the bottom of it. I question why SRGE would throw themselves out there like that and name a major company that could result in legality issues and jail time. On the other hand, shorts got nervous and were probably scrambling to cover, or find some method to bring the stock back down. I would question the motives behind many on this board, especially those that claim to be "Only here to inform investors of the scam." If I find a stock that I believe is a scam, I simply walk away. I believe that it is each investors individual responsibility to perform their own DD and make their own judgement call.

The 400 million shares in volume came from how many shares traded hands. This means that many people were flipping the stock on the high volatility which would add to the share volume count. GLTY

Very true. There is always some motive behind everything that happens. It could very well be that some people in KGC want shares, or shorts were able to orchestrate this event to keep from covering the NSS. If I listened to all of the negativity about a company and sold on fear, I would have lost out on the massive gains I have received in the past. We each have to make our own choice and should take responsibility for those choices. I am ready to see SRGE explode once clarification comes out and if it doesn't, I still get a dividend tomorrow. Let's see what happens. :)

I didn't think we would get another buy-in opportunity below a penny but the shorts yielded that for us. Let's wait for the next news to come out about the mess that was created and this thing could skyrocket!

I think shorts are panicked to go to these extremes. IMO, the extreme measures used by shorts today shows that they are worried and afraid of what is coming. SRGE is ready to explode and the false information posted today only provided another buy-in opportunity for the longs.

We will surely see who is being scammed, and who is playing the scam, won't we?

SRGE could have tried to clear up the mess, but it would have not helped them out any. It does not matter what positive information is released, even with proof, their information would have been discredited by shorts. I am sure that we will have confirmation very soon as to the validity of the recent post. IMO it was a coordinated effort by the shorts to bring the stock down so that they could cover. I believe that they got scared. However, if SRGE continues to deliver on what they say, this thing could explode. Payment of the last dividend is proof and payment of this upcoming dividend should provide further proof that SRGE is legit.

Even an actual "Press Release" from Kinross would substantiate SRGE's claims of the joint partnership.

That is what I would like to know. It is very interesting how it was only shown on one site.