Southridge Enterprises Inc (SRGE)

[I-Glow]

FINRA Warning about Gold stock Scams - it is amazing that SRGE uses many of these tactics to fleece investors. http://www.finra.org/Investors/ProtectYourself/InvestorAlerts/FraudsAndScams/P124119

It seems this was written after reading the SRGE press releases.

"Gold" Stocks—Some Investments Mine Your Pocketbook

Warning signs related to gold stocks include:

References to being a “buyout target” for other mining companies. One company claiming gold reserves valued at more than $112 billion declared in an Internet promotion that it was a “PRIME BUYOUT TARGET” at a buyout price that was 15 to 35 times its current value, which was around a dollar.

Price targets or predictions of swift and exponential growth. These predictions often are based on gold reserves, the actual existence and true size of which are next to impossible to verify. A company recently claimed that its mine in Nevada contained “approximately 2.14 million ounces of gold equivalent resources,” with an estimated market value of over $2 billion. Based on these reserves, the company touted in one of its promotions that an investment “Could turn $10,000 into $384,600.”

Speculative claims based on a new reserve’s proximity to an existing reserve. A company recently stated in one of its promotional materials that its mining property could be worth “billions in unrecovered gold” based “on the success of its neighbors.” Without more information, such an assertion amounts to little more than idle speculation.

IG