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Re: Planopenny post# 79

Monday, 06/25/2012 7:48:08 AM

Monday, June 25, 2012 7:48:08 AM

Post# of 114
Definitely. And imo they are worth double what they are priced at now, with positive news (merger, acquisition) only adding to that.

SRGG - From 10q filed 5/15/12 (add $60,000 to the liabilities for the recent Asher note):

"Total assets $2,929,341"
"Total liabilities "348,235"

And we have a market cap of $1,262,009 (at .035)?

Changes coming:
"We are, and have historically been, an oil and gas exploration and development company. However, at this time because of our lack of working capital, our primary objective is to pro-actively seek to monetize our investment in Andora Energy Corporation at a reasonably acceptable price, and then to invest the proceeds into one or more attractive business opportunities, without being specifically confined to oil and gas exploration. Since we have not been able to date to sell our Andora shares, we are also trying to maximize shareholder values by seeking a merger partner and/or to acquire an oil and gas property through a leveraged buyout. In order to maximize shareholder value, the Company will consider business opportunities that are not confined to oil and gas exploration so long as the Company would be in compliance with the Investment Company Act of 1940, as amended."

My posts are my opinion. Do not be influenced by anything you read on any message board website unless you can confirm it.

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