Southridge Enterprises Inc (SRGE)

[terry_mathews]

Why there is Proof SRGE is a fraud. Rockridge Must hold 480+ Million shares or fraud was committed.

These sales were also unlawful. Rule 144 requires that a purchaser hold the shares until the expiration of a holding period, which was generally one year after acquiring the shares. To evade this requirement, the Defendants obtained attorney opinion letters, stating, falsely, that the stock certificates could be issued without restrictive legends because the holding period had been satisfied. The removal of the restrictive legends from the certificates facilitated the unlawful, immediate re-sale of the shares.

http://www.sec.gov/litigation/complaints/2012/comp-pr2012-278.pdf

So based on this case brought by the SEC, and the issue of 144 stock, how does SRGE claim the restricted shares in the O/S (312M) are BELOW the legally requires shares being held by Rockridge (480M)?

Holding period is after issue of stock (which was all in 2012) not based on when funding was provided.