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Re: Renee post# 69853

Friday, 08/24/2012 1:44:44 AM

Friday, August 24, 2012 1:44:44 AM

Post# of 83075
Renee, EXCELENT DD and thanks for sharing it!

I have a nagging question though....

This SEC document says:
Sierra Gold Corp. SGCP

Acquisition period: 8/09-4/11
Resale period 9/09-5/11
Number of transactions: 30
Number of shares defendants illegally sold: 1.1 billion
Gross proceeds from resales: $1,713,000
Net Profits: $836,000
************

1.1 BILLION?? isn't that half our float? Doesn't that sound almost impossible? How could these guys get their hands on THAT MANY shares?

it just sounds odd to me and thought I'd ask for opinions...

Charlie