Replies to post #60151 on Sierra Resource Group Inc. (fka SIRG)

[xZx]

after about 5 months of games to grab every single share, who owns this float Wucher, seriously?

you think "prosperous enterprise OROT" would want to lose shareholder value with leverage this good?

.0006 to .25 is a 416 bagger.

which certainly explains... a lot.

SIRG

[EmptyBones]

Super. A shell with 15 mill debt.. They will rape shareholders continuously... BUT the big problem will be all the lawsuits if they try to merge or come alive.. SIRG is dead...

[Toxic Avenger]

The NOL's are not worth anything to a foreign company and they're not worth $30 million to a U.S. company.
First thing, you'd have to pay off the debt. Then, if you keep the same EXACT business running, the one that lost $30 million plus, you can DEDUCT the $30 million from your income. So ONCE YOU HAVE $30 MILLION in profit, you can save maybe $6 million in TAXES. Though as we've seen profits are hard to come by in SIRG's business (whatever that is these days).

Or you could buy a debt free shell for $100k or less and run with that.

Debt doesn't go away. It gets discharged in a BK filing (maybe) along with ALL the common value.

It's lose / lose with SIRG.