Replies to post #2915 on Sierra Resource Group Inc. (fka SIRG)

[forrealb]

I spoke to my broker about this and he mentioned they "probably" (stress!) did this to satisfy prior funding parameters or to secure a pending funding deal. I imagine it has something to do with Asher's convertible notes and the need to satisfy those but it definitely dilutes the shares in the meantine which could take the stock lower with so many outstanding shares to sell. Lmcat may have a better take on this. I'm hoping its for a pending funding deal!