Southridge Enterprises Inc (SRGE)

[terry_mathews]

I want to thank all of you who responded publicly and privately to my memo to the SEC that I posted. For those that did not read it properly, this was a request for an inquiry by the SEC into the true O/S in SRGE. It appears that:

SRGE did in fact execute a stock but back program moving from 989M to 545M shares only to dilute the market back to 880M shares (October Share structure on website)

Or…

SRGE executed a buyback from 989M shares to 880M shares and misrepresented the magnitude of the buyback (October share structure on website)

Or…

SRGE never executed a buyback at all and it is anyone’s guess as to what the real share structure and terms of any buy back are.

The real answer is that there is nothing documented that suggests the OS remains at the 545M shares or less as identified in September or that the float remains at 200+ Million. Trading patterns don't even suggest that can be real.

Any way you look at it the documents presented by the company (press release vs. web site) directly contradict each other and therefore third parties must get involved (SEC and TA). The TA is well aware that they have been put on notice relative to this particular client and if things released to the public thru press release are not in fact true (454 shares removed and returned to treasury) and they do not make notice to the SEC than they would be in violation of Securities Fraud relative to aiding and abetting a fraud.

For any that dislike the approache taken consider this, if I am wrong you will be proven correct and thus have no worries. But if I am right, and you worry about me being right, consider how long it can be before you completely lose your investment by regulatory action.


Thank you all for those kind responses.

For responses that say it is exactly what it is claimed to be, which is it the 880M on their website today or the 545M they put in an old press release.