Hehehe, there's always one person coming in and trying to stop a stock from exploding... here's a link to the Nevada SOS website... but keep going with the false A/S stuff if you'd like. We prefer facts here:
There are no bag holders on SIRG. Some of us have been here since August of 2011 because we invested for long term. At times our investment was in the red and some averaged down when the share price dropped below .0015.
And a repost of a message from March 19th is not relevant especially since it contained false and mis-leading information.
The A/S share increase was cancelled - so that is no longer relevant. Old news!
And check out the resumes of those BOD members. What are they doing serving on an OTCQB company board????
right now the kool-aid is being taken hook, line and sinker and allows for opportune time to ummmmm "do some things" with sirg. the warning signs are still present no matter how much they try to get hidden. ska pointed them out, notice all those reverse arrows over the past number of weeks? wonder what that was all about? was able to average down and cash out with profit, now sitting on some to mess around with here and there. go sirg.....lol
This Information Statement has been filed with the Securities and Exchange Commission the (“ SEC”) and is being furnished, pursuant to Section 14C of the Securities Exchange Act of 1934, as amended (the “ Exchange Act ”), to the holders (the “ Stockholders ”) of the common stock, par value $0.001 per share (the “ Common Stock ”), of Sierra Resource Group, Inc., a Nevada corporation (the “ Company ”, “ we ”, “ us ” or “ our ”), as of January 1, 2012 (the “ Record Date ”), to notify the Stockholders of the following:
On December 28, 2011, pursuant to Section 78.315 of the Nevada Revised Statutes (the “ NRS ”) and our Board of Directors unanimously approved and the holders of a majority of the outstanding shares of our Company entitled to vote approved by written consent the following actions: According to Sections 78.320 and 78.390 of the NRS, a majority of the outstanding shares of voting capital stock entitled to vote on the matter is required in order to authorize the Articles Amendment. The Board of Directors of the Company voted unanimously to implement the Articles Amendment because the Board of Directors believes that an increase to the number of authorized shares of the Company's common stock and the authorization of shares of preferred stock will allow the Company to raise the operating capital immediately required for the Company’s operations, both (i) to bring the Company into compliance with requirements for reserve stock set forth in its loan agreements with Asher Enterprises Inc. and (ii) so that the Company may continue its operations while seeking sufficient funding to re-open mining operations at the Chloride Copper Mine. The Company is not expected to experience a material tax consequence as a result of these actions. Increasing the number of authorized shares of the Company's Common Stock may, however, subject the Company's existing shareholders to future dilution of their ownership and voting power in the Company. A copy of the Certificate of Amendment to the Articles of Incorporation effecting the Articles Amendment, in substantially the form to be filed with the Secretary of State of the State of Nevada, is attached to this Information Statement as Exhibit A . NO VOTE OR OTHER CONSENT OF OUR STOCKHOLDERS IS SOLICITED IN CONNECTION WITH THIS INFORMATION STATEMENT. WE ARE NOT ASKING YOU FOR A PROXY AND YOU ARE REQUESTED NOT TO SEND US A PROXY.
(1) an amendment to our Articles of Incorporation (the “ Articles Amendment ”), increasing the shares of our authorized capital stock from 460,000,000, to 1,500,000,000 of which 1,480,000,000 shall be designated our Class A Common Stock, par value $0.001, 10,000,000 shall continue to be designated our Class B Common Stock, par value $0.001, and 10,000,000 shall continue to be designated preferred stock, par value $0.001 per share, (the “ Preferred Stock ”) of which 1,000,000 shares have been designated and issued as Series A Preferred Stock.
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Company Officers J. Rod Martin CEO Barton R. Budman CFO Timothy Benjamin Secretary Company Directors Timothy Benjamin Chairman Barton R. Budman Carlos F. Cardon Paul Enright Luis Munoz