it's nothing more than a precursor to due diligence.
Interesting you should say that. They did the same thing with announcing they HIRED Magna - yet Magna said in a couple of emails to shareholders they were doing DD and had no business relationship with SRGE. Thus the backpedaling on their press release about Magna.
I suspect it is just another "engagement" - but in talks and not in any specific deal. lest anyone forget - SRGE is late for PINKSHEETED unaduited financials, lost their lawyer and no audited financials are in sight. I suspect an uplisting and audited reports will also be a condition of this supposed NYSE listed company doing any sort of deal with them. Just like the $5 million announced in that "MAGNA HIRED press release from Magna was conditional on an uplist.
tsk tsk - the games this guy Michael Davies is playing. whoever he might be!!!