All sub penny stocks have caution signs. Make sure you also note the positives in this investment as well as the caution signs. ;)
Many sub penny tickers do not have an asset, Just some promised JVs that never occur. Sirg has 80% of the rights to mine the chloride copper mine- a real location with completed engineering estimates of 10 years worth of production.
As far as the sub penny lottery tickets go, this is a promising OTCQB with much more transparency than a stinky pinky.
many pinks have gagged TAs. Here you get a much better picture (GOOD AND BAD) with the filings.
Many people don't understand the accounting that contains a negative retained earnings of $10,000,000. They don't understand the accounting behind the goodwill write off that likely caused that number. They don't understand that it ends up being a tax deduction against profit (though this is stated clearly in the filings) so actually if sirg Earned $10M in its first year in production it could pay $0 taxes.
Anyway, a deeper understanding is all anyone is after so remember to highlight the asset as well as the caution signs. Know what you own people. Listen to facts, filings, progress, don't listen to a loud chorus of people with unknown agendas. $Sirg
You know you are caught up in sub-penny investing when your gold mining stock used to be a cinnamon bun maker, a technology company, and an online auction site!
