Sierra Resource Group Inc. (fka SIRG)

[Actuate]

Exactly, and SIRG comes out and says their only method of financing left is through Asher! My question is, how are do they have "negligible cash on hand and many overdue bills" when they have notes in excess of $500K over the past year?!?!

At the meeting of December 28, 2011, all then board members, Timothy Benjamin, Ricardo Cordon, Luis Munoz, and Michel Rowland, were present. The Company’s dire financial situation was discussed. At the time, the Company had negligible cash on hand and many overdue bills, including respecting the mine property that is the Company’s principal asset. Our Board of Directors reviewed the Company’s funding needs, and concluded that continued working capital from Asher was the only alternative.

http://www.otcmarkets.com/edgar/GetFilingPdf?FilingID=8987505