AI
Friday, September 07, 2012 11:20:47 PM
MoMoRaptor, public proof of 18% share retirement…
From the SRGE filing below, it confirms that the 18% buyback of shares and those shares being retired actually did happen as you and others have confirmed from the Transfer Agent (TA). Read what is indicated within the “as of” 29 Feb 2012 SRGE filing below to confirm that these guys really do have a plan:
http://www.otcmarkets.com/financialReportViewer?symbol=SRGE&id=81362
The filing said that the company will be retiring 150 million shares. It then stated that such transaction would represent a reduction of approximately 18% of the Company's issued and outstanding common shares. At such time, as of February 29, 2012, the amount of Outstanding Shares (OS) was 843,084,868 shares as indicated below:
The beauty about this retirement is that, as of February 29, 2012, the 18% reduction/retirement of shares had not happened. The filing stated that the retirement of shares was expected to occur in the 3rd quarter of 2012. This is in line with what you and others have confirmed.
This means that if the OS was 843,084,868 shares before the retirement of shares, then retiring 150,000,000 shares in the 3rd quarter of 2012 leaves the current OS to be the amount below:
843,084,868 shares – 150,000,000 shares = 693,084,868 shares for new/current OS
The above is nothing that I have officially confirmed, but it is what I have derived from tossing around a few brain cells that makes sense to me. If it turns out that the OS is actually reduced down to 693,084,868 shares with a Float of 242,957,230 shares, this will be huge. The SRGE valuation would automatically be enhanced by such action. This magnifies the significance of SRGE already being in production to generate Revenues from their gold and silver operations even more.
v/r
Sterling
From the SRGE filing below, it confirms that the 18% buyback of shares and those shares being retired actually did happen as you and others have confirmed from the Transfer Agent (TA). Read what is indicated within the “as of” 29 Feb 2012 SRGE filing below to confirm that these guys really do have a plan:
http://www.otcmarkets.com/financialReportViewer?symbol=SRGE&id=81362
The filing said that the company will be retiring 150 million shares. It then stated that such transaction would represent a reduction of approximately 18% of the Company's issued and outstanding common shares. At such time, as of February 29, 2012, the amount of Outstanding Shares (OS) was 843,084,868 shares as indicated below:
The beauty about this retirement is that, as of February 29, 2012, the 18% reduction/retirement of shares had not happened. The filing stated that the retirement of shares was expected to occur in the 3rd quarter of 2012. This is in line with what you and others have confirmed.
This means that if the OS was 843,084,868 shares before the retirement of shares, then retiring 150,000,000 shares in the 3rd quarter of 2012 leaves the current OS to be the amount below:
843,084,868 shares – 150,000,000 shares = 693,084,868 shares for new/current OS
The above is nothing that I have officially confirmed, but it is what I have derived from tossing around a few brain cells that makes sense to me. If it turns out that the OS is actually reduced down to 693,084,868 shares with a Float of 242,957,230 shares, this will be huge. The SRGE valuation would automatically be enhanced by such action. This magnifies the significance of SRGE already being in production to generate Revenues from their gold and silver operations even more.
v/r
Sterling
Sterling's Trading & Investing Strategies:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=39092516
