Home > Boards > US OTC > Delisted > Sierra Resource Group Inc. (fka SIRG)

WRONG AGAIN!

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lmcat   Saturday, 10/06/12 12:57:39 AM
Re: StockKingArthur post# 18718
Post # of 62039 
WRONG AGAIN!
Quote:

it looks like Rod has sold 5 million shares since December 2011.



Can verification be posted to prove that statement? I think not because it never happened.

SIRG shareholders know what a Form 4 is! J. Rod Martin did not file a Form 4 because he has not sold any shares.

Recently SIRG underwent a total forensic audit and a Form 4 would have been required had Rod sold any shares. There were 2 share count problems, neither involving the CEO.

Initial number of shares beneficially owned by Mr. Benjamin at his election to the board was 3,865,300 which was inadvertently reported at 3,840,000 at that time. A Form 3 has not been filed for this disclosure. Mr. Benjamin acquired 710,700 shares on August 3, 2011 at $0.0028 per share as an open market transaction which a Form 4 has not been filed.

Initial number of shares beneficially owned by Mr. Cordón at his election to the board was 1,710,000 which was inadvertently reported at 1,610,000 at that time. A Form 3 has not been filed for this disclosure. Mr. Cordón acquired 3,000,000 shares on December 8, 2011 at $0.0015 per share in a private transaction with an existing shareholder which a Form 4 has not been filed.

Both SIRG BOD members actually owned more shares than were recorded. This caused the DTCC chill.

Now about that Form 4. There has been only one Form 4 filed for SIRG. Brian Hebb sold 3,000,000 shares on 8/1/2010, over 2 yrs. ago!

http://www.secform4.com/filings/1076966/000110801711000026.htm

http://www.secform4.com/insider-trading/1076966.htm

THERE ARE NO Form 4 filings for Rod as he has not sold any shares. If there was any share imbalance in the ownership of Rod's shares it would have been discovered during the forensic audit or by the second audit by MARCUM LLC.

There is a HUGE difference between an OTC QB company who is required to file information on the identity of the person receiving shares and selling them than a pinkie that can issue and sell shares at the pleasure of the CEO!

The PRE 14C was filed on Oct 4, 2012, dated Oct 2, 2012.

This is a list of SECURITY OWNERSHIP OF MANAGEMENT

J. Rod Martin – CEO and Director........ 5,530,000
Barton Budman – CFO and Director........ 8,000,000
Timothy Benjamin – Chairman of the Board......4,576,000
Ricardo Cordón – Director.......... 5,710,000
Michel Rowland – Director.......... 300,000
Carlos Cordón – Director.......... 3,500,000

All Directors and Officers as a Group..... 27,616,000

This is a list of MANAGEMENT owned shares. It does not include shares owned by other investment funds or companies like Medina or Blackpool Partners.

Mistakes can be avoided by reading and understand the OTC forms!

Two officers purchased shares, Mr. Benjamin bought 710,700.
Mr. Condon bought 3,000,000.

2,857,467 shares are pending issuance to Blackpool, Inc. for the debt retirement.

As of the Record Date, we had 347,833,085 shares of Class A Common Stock and no shares of Class B Common Stock outstanding. Of these shares 347,833,085 are freely tradable.

I like the fact that the officers, management and BOD members all own stock in SIRG. They are in the best position to judge the future of SIRG.



SIRG continues to hold steady in penny land and built a nice base.











































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