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Wednesday, January 02, 2013 10:13:13 AM
If the dividend has been paid then the SRGE management is incompetent for issuing fraudulent press releases.
The SEC doesn't suspend companies on a whim - it knows the suspension is a death blow to the company. There had to be what the SEC would consider overwhelming evidence.
I believe with everything I have read and looked into that SRGE is nothing more than a press release company. I have found no evidence to suggest they have any mining concessions in Mexico.
I think the dividend stuff was part of the end game. The first $15k payout was returned many times over as they dumped stock. The press releases were planned - and the Kinross PR was done on a National holiday in Canada - hoping no one would respond to inquiries about the JV. But, that blew up. I think SRGE knew the suspension was coming.
IG
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