Southridge Enterprises Inc (SRGE)

[I-Glow]

What happened to the Buyback plan announced in 2011?

Southridge Minerals Announces Stock Buyback for up to $2.2 Million
Southridge Minerals, Inc. – Tue, Nov 8, 2011 10:12 AM EST

("Southridge" or the "Company") is pleased to announce its Board of Directors has approved a stock repurchase plan. The repurchase of up to $2,200,000 of the Company's common stock was authorized.
Michael Davies, the Company's President, commented, "We are very pleased to announce this Stock Buyback program and believe it benefits shareholders at a time when our stock is undervalued. The Buyback program is intended to increase future earnings per share by reducing the number of shares outstanding and allow our share price to more accurately represent the quality and profit potential of our assets and operations to the investment community. Our shareholders have and continue to be our most important asset and rewarding them is a high priority.

http://finance.yahoo.com/news/Southridge-Minerals-Announces-iw-840722689.html

CAVEAT EMPTOR - INVESTORS BEWARE!!!

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