Sierra Resource Group Inc. (fka SIRG)

[thizsukz]

Anyhow, the BOD voted down that financing saying it was not shareholder friendly so it likely involved more shares.

I get that you are being told (by Rod or other) that was their reasoning, but I strongly disagree with that statement. That "shareholder unfriendly agreement" would have resulted in approximately 250million shares outstanding. If memory serves me Harmony would have effectively received 120million shares (they were given class A shares which were worth 3x the value of the current class B (or vice versa). Given that there are 1.5billion approved in which the bulk of them will likely be issued to get funding, I think that the previous agreement was much more "shareholder friendly".