Wednesday, October 17, 2012 7:08:09 PM
But some are in serious denial to think that this is due to anything but Doug Evans.
He is the one selling shares on a continuous basis. He sold the billion shares to the scammer in NY only to get screwed himself.
Exactly, share price and structure is the CEO duty.
SEC charges against fairhills.
Sierra Gold Corp.
8/09-4/11 Acquisition
8/09-5/11 Resale
30 TRANSACTIONS with ISSUER (That would be CEO)
1.1 billion Total
$1,713,000 Gross
$836,000 profit
Some simple math,
1,713,000
- 836,000
---------
877,000 / 1001000000 = .0008 Cost.
So from 08/09 to 4/11 management spent $877K plus had to dilute.
The stock was channeled .0001 to .0002 with some bumps to 3s & 4s the whole time.
That is until the DTCC locked it. Dougs letter is quite on the mark as I said on this board this is dead until the SEC is done with fairhills. The problem is can SGCP survive the lock.
The DTCC may allow trading again if SGCP management had no involvement and fraud was committed. I did noticed the SEC moved quick on some of the other named stocks and was glad SGCP survived that sweep.
"Those who won't fill your pocket will fill your ears". Warren Buffet.
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