Southridge Enterprises Inc (SRGE)

[I-Glow]

Terry, best post I have read in weeks about SRGE. It is obvious that you have no bias either way but looed at the facts and made a educated post.

What is funny is that several will attack anything that doesn't parrot the SRGE party line.

Very good read. Thanks

IG

tob999, thinking that DD is good and reality can be at times a diverging proposition. The DD you claim as being superior here at SRGE is not that different than DD created for SAEI in their gold mining operations before it was shut down as a fraud. It is also the same DD generated on CMKX and their diamond mining operations before it was shut down for fraud. And while KATX, ESPI, and EXTO have not been shut down for fraud, they have certainly stalled in their mining operations as compared to the DD that made claims of massive and immediate profitability.

It is very easy to look up stuff on the internet and call that solid DD. It is equally easy to decide that this property is close to another property run by real companies and thus that success must be transferable. Fact is, all property is connected if you look at it that way. Somewhere a break occurs, right?

SRGE has not filed an audited set of financials in many years. They have removed themselves from reporting to the SEC to avoid disclosures and have made several press release statements that can not be verified. The companies referenced above did EXACTLY the same thing as the SEC was investigating them and eventually shut them down. SAEI likewise had a phony geological report that was touted as the real thing across I-Hub and in press releases with many going down fighting that it was real despite the evidence.

And finally, SRGE is engaged in activities not aligned with creating a good business operation but aligned with driving up the stock price. They have initiated a stock buyback program when they do not have profits. They are paying for stock promotions when they claim they can’t afford to file (filing generates the highest level of confidence and trust) . And they are inserting highly questionable research reports into every PR. Without audited financials no company could do a valid assessment of near term PPS. What would the analysis be based on? What are the quarterly losses? When will profitability kick in? How much additional borrowing and dilution will be required before profitability takes place? You can’t assess where SRGE goes without having some verifiable insight on where they are and that does not exist.