Sierra Resource Group Inc. (fka SIRG)

[Actuate]

Yes, it has proven ore deposits, but it also has notes due far before it will be pulling those out of the ground. Based off of the current convertible notes, SIRG is going to be running out of shares VERY QUICKLY!

June Note: Shares were received for 0.0013pps, and if they converted the entire note they received 28M shares!

July Note: due tomorrow, shares will be received at 0.0027pps, and if they converted the entire note they will receive 11.8M shares!

Add April, June and July: 75M shares total

At what point do they either have to raise the A/S or begin defaulting on future notes???

IMO