Replies to post #8513 on Southridge Enterprises Inc (SRGE)

[tob999]

They changed their business plan from ethanol to Gold/Silver production. That doesn't make them a scam..it makes them savvy..with the price of silver and gold skyrocketing.

[MoMoRaptor]

No it was downturn in ethanol business and they went back to mineral exploration
that is what they were originally doing when company was formed back in 2004
it is all disclosed on the otc markets website and financial statements

http://www.otcmarkets.com/financialReportViewer?symbol=SRGE&id=54846

We were a renewable energy company in the ethanol business with operations in the southeastern region of the United States, Central America and Brazil. The Company expanded and had viable operations in the ethanol business in 2007 and 2008. However, unfavorable market and economic conditions severely challenged the viability of continuing the ethanol operations. In 2009, the Company began to down-size its ethanol operations and seriously re-evaluate its business focus, favoring the re-entry into the mineral exploration business. At this time, several very high quality mineral property opportunities were presented to the Company through management contacts and some of their business associates. In March of 2009, the Company entered into a mineral exploration agreement to acquire a 100% interest in the Cinco Minas and and Gran Cabrera Silver/Gold properties and mineral concessions in Mexico. The properties have a history of mineralization and production and are considered advanced stage exploration and development properties. Management believes that a high potential for profitability exits on the properties, particularly at the current price levels of precious metals and the facilities and infrastructure that exists on and around the property sites.

The Company experienced a re-positioning period of its operations between the spring of 2009 and the fall of 2010. In late 2010, the Company began moving forward rapidly with its mineral exploration and development business with its current property holdings and first financing. The new business operations have expanded in 2011 with formal negotiations for additional property interests and further financing. The Company is also currently in the process of divesting and transitioning its ethanol assets to other alternative energy companies to allow management to focus its efforts and resources entirely on the exploration and development of its mineral properties going forward.