Replies to post #30843 on Sierra Resource Group Inc. (fka SIRG)

[Stargazer1945]

Very good analysis, I think that SIRG has done all they can do without funding (#1) and so far they have not been successful in getting it, All depends on Red Rock for now and if that does not happen we are screwed. Still, they could provide an update to its shareholders...

[paraphenelia]

God save us.

[thizsukz]

I hate to be the bearer of bad news, but I would imagine that it is scenario 2 or 4. Looking at their quarterly they have roughly $75k in assets and $277k in liabilities. They are doing private placements for a couple $10k here and there. They don't appear to have the resources to loan anybody $15, let alone $15mil.

Financial Report
http://www.otcmarkets.com/financialReportViewer?symbol=KCPC&id=124868


Quarterly Report
http://www.otcmarkets.com/financialReportViewer?symbol=KCPC&id=124869