Sierra Resource Group Inc. (fka SIRG)

[Wucher]

Humor me for a moment. What if claims by creditors like Medina et al. (including Rizzo and the poor sot who served as watchman at the mine without pay for over a year) were to disappear. So forget the debt for a second. There is some value in a debt-free shell, especially for a foreign acquirer … no? And what about the accumulated NOL which, though we don’t know for sure, could be north of $30M.

There is clearly no reason for a prosperous enterprise to give up any of its value to SIRG shareholders, but don’t you think that there is in fact some residual value in SIRG’s incorporation and accumulated NOL. I am not suggesting that there is any compelling case for a merger, but I would like to be a bit clearer on your thinking.