Marc has not paid himself. Har!

Look up the word accrual, FDA, then go back and read the 10Q. Your lack of financial knowledge borders on the incredible.

Oh boy, Marc is going to China again!

He's probably going to get the inside dope about exactly how the shareholders are going to get shafted.

Yes. How silly of me. All the shareholders are destined to get filthy rich - and Marc is no doubt the driving force behind the weath train.

Marc is in charge of nothing now.

Do you think it's coincidence that his trip and the new majority Chinese ownership overlapped? Wake up. Those Chinese call the shots now - including whether or not Marc is the CEO or not.

I've said it over and over. Marc is a price taker, not a price maker.

You gotta love those market makers.

SDRG jumps over a cent and a half on a 35 dollar trade.

To da moon!!!

Where is this 390K in cash going to go? And the next 390K?

My bet is right into Marc's pocket. It's going to pay the "back rent" which SDRG owes to the company that rents office space to SDRG. Guess who owns that company. It's going to pay CEO back salaries and expenses owed for "services rendered" by the executives and "board members".

Who knows, maybe Marc will get a bonus!

I do know what shareholders will get. Guess.

The "deal" is not done.

Nor will it be for a while. Read and comprehend (if you can):

"The second payment of RMB2.5 Million (USD$390,000) will be made upon receipt of the third party valuation expected this month.

Upon receipt of the third party valuation, the Company’s Board will review and if accepted shall support by resolution and send to public proxy for approval of shareholders at a scheduled Annual General Meeting, the date of which is to be determined at that time. The consummation of the sale of the Company’s 20% interest in Sino-Top which is all of its interest in Sino-Top is subject to determination of the sales price of Sino-Top, execution of final transaction documents, obtaining any required approvals including the approval of the Company’s shareholders and the approval of appropriate regulatory authority including the China Securities Regulatory Commission."

Sound like a "done deal" to you? Even the price hasn't been determined. And the price is everything.

It doesn't matter? The deal is done?

Is the deal done? What about that NEW third party evaluation, FDA? Does that matter? Just like I said, FDA, Marc will get his (and he has) and the shareholders will get the shaft.

I thought this from the amended 10K was interesting.

"The Dadi silver-polymetallic property (“Dadi” or the “Dadi Property”) is owned by Sino-Top, in which the Company owns a 20% equity interest.

The Dadi Property is without known reserves. Five mineralized zones have been discovered at the Dada Property. Among them, mineralization zones I, II and IV are controlled by adits, transverse adits, surface trenches, surface drill holes and underground drill holes intensively."

Did you get that? "Without known reserves"

That ought to be worth 600 million - at the very least.

Big rally today! To the moon!

Go ahead, FDA. Go ahead, Junk.

Get another piece of the action. What are you waiting on?

Hey, Junk, that must be one heck of a move, huh? Don't even have time to post any more.

Yeah FDA , everybody's really impressed. So far, 41K shares traded at a little over 2 cents. Wow.

First, Marc gets his - like I said.


"Under the Memorandum of Understanding, Shengda agreed to advance RMB5 Million (approximately USD$780,000) to the Company for certain costs involved with the transaction and general corporate purposes in two payments. The first payment of RMB2.5 Million (approximately USD$390,000) has been received. The second payment of RMB2.5 Million (approximately USD$390,000) will be made upon receipt of the third party valuation expected this month."

"Certain costs and general corporate purposes". Uh huh.

And there's another third party valuation? I guess they just tossed the first one out the window.

You longs better start thinking. Is it a coincidence controlling interest in the company is now in China? How is the stock trading, even after this announcement? See anything at all that looks like FDA's promises?

600 million for SinoTop. Shear lunacy.

And of course no pumper has run the numbers on the Dadi property. Why? Because they don't know how. So, they just toss out numbers.

Biggest silver mine on the planet? Hey, why not 10 billion? 20 billion? Pick your own number. It's the SDRG fantasy competition.

Cheer up. Per the last 10Q, SDRG was only losing about 600 grand in penalties and interest every quarter, not to mention expenses.

And there was 454 dollars in cash left. That might be enough to hire FDA's mariachi band.

Everybody notice the tone of FDA's postings changing? Gone are the claims of fantastic amounts per share. Now, it seems, it's enough for the miraculous Marc to have done what he already has.

Reality is heading your way longs.

I'm beginning to think you're right. Why else FDA's absence during this time? And who has more reason to pump to the point ad nausium?

Anybody want to go back and count?

That is, count how many times between junk and FDA they've said "done deal"?

Now in FDA's last post "the deal" may not be done. What a bunch of BS.

Marc comes back today. Oh joy, oh joy.

News? Not exactly, it's the bottom of the 13D. But it does say one thing interesting. It points out that the collective voting rights can appoint new directors, etc. IOW, they could kick Marc's butt out in a heartbeat.

Yes, FDA, explain the deal. I'd be most interested how a great financial mind like yours sees this unfolding. I'm sure we all would.

Marc will be back tomorrow according to FDA. He'll no doubt be carrying millions of dollars to distribute to FDA and his mariachi band that will meet him on the tarmack.

Please, Retire, don't bother FDA with facts. He thinks he's going to get to vote on something.

I maintain, as I always have, that the deal will close but shareholders will receive little,(if any) benefit. The proceeds of the offer will be eaten away by the mountain of debt.

But Marc will get something I bet. The average shareholder? Zilch.

Grumbly - you tell him. You're long.

That assumes "negotiations" are being conducted to begin with.

But FDA. Is the one who claims to know it all. For the moment though, he seems absent.

This "done deal" has already taken over a year. It's nowhere near as complex as a takeover or a merger. It's been given pass after pass already. But time means nothing - except loss after more losses and more interest and penalties piling up for SDRG. And those have to be paid.

Then grumbly, all you have to do is worry about price, But, then again, it's always been about price, hasn't it?

We'll, I do think it's strange. You post nearly every day, then during the supposedly critical period you disappear? Doesn't make sense to me.

As for the time involved, I see absolutely no reason that any deal should take long at all. After agreement, the matter simply involves an exchange of ownership. Shouldn't take longer than, say, closing escrow on a house. And cash deals can close in mere days - and should.

Shengda. I can't find one way or another if it's trading. No website seems to give solid information. In any case, if it's not, their announcement is wrong.

So where's the big announcement? And where's the dynamic duo FDA and junk? Their absence is a bit odd, don't you think?

You're a believer grumbly, not a pumper.

Big rally! Where are the pumpers?

Shengda should be trading today - according to Shengda.

And they should already have made some sort of announcement regarding this big reorganization. They're 12 hours ahead of New York.

From the Shengda press release (supplied by FDA):

"Shengda Mining Co., Ltd. (“the Company”) is planning a major project. Since this issue will bring in uncertain adjustments and changes, in order to maintain the interests of investors, to avoid abnormal stock price volatility, according to the relevant provisions of the Shenzhen Stock Exchange Stock Listing Rules, the company has applied to suspend trading of the Company’s stock(Stock ID: Shengda Mining, Stock Code:000603) since September 23, 2015, restoring of trading is upon further announcement of the company no later than October 22, 2015."

If I'm not mistaken it's October 22nd. So?

If you get 15 million, you're worth 7 million. Look at the balance sheet. But that's beating a dead horse around here. After all, SDRG is one of those special companies where finances don't count. FDA says so.

By the way, that's a big "IF".

Wow! It's 4:08 AM in Beijing!

Pay no attention to the share price.

You know, that price the pumpers were going spastic over a couple of weeks ago? Well pay no attention to that now. It's meaningless. Unless it goes up, of course, and then it means something again. But if it doesn't go up, or goes down, it's meaningless.

You got that now?

Oh, FDA, here's my famous Hari-Kiri post. Maybe you'd like to use it again since you were so impressed.

"Yep, I said 4 cents and it's gone to 41/2 cents today. Hard to live that down. And what will I do if it hits 5 cents? Have the commit HariKiri, I guess."

Oh, Marc works? Doing what?

And FDA, we aren't posting more - you an the longs have gone into hiding. That move of junk's is taking a lot longer than he thought, huh?

Marc left for China. That's supposed to be good news! Har!