I now fully agree with you on the status of the company and stock.. share count is ballooning to close to 200 mil and will continue while debt is growing.
there is absolutely no chance that I can see any production for at minimum a year ... probably longer...
I am now prone to predict the erosion of the stock to low triple digits followed by a reverse split... WHY AM I PREDICTING AT THIS TIME A REVERSE SPLIT? BECAUSE NO ON CAN SAY WHERE THE DILUTION WILL END AND ACTUAL PRODUCTION WILL BEGIN. THE COMPANY SELLS OFF THE PROPERTIES BEFORE THERE IS ANY PRODUCTION. SO UNTIL I ACTUALLY SEE SOMETHING WORK OUT FOR THE COMPANY I AM NOT GOING TO EVEN BELIEVE THEY WILL FOLLOW THROUGH.. ESPECIALLY WITH HOW MANY TIMES I HAVE BEEN TOLD 6 MONTHS OUT.. OR A YEAR OUT ONLY TO HAVE NO RESULTS AND MORE CONFUSION.. IE MEXICO.. THIS IS EITHER THE 2ND OR THIRD PROPERTY UNLOADED BEFORE ANY MEANINGFUL PRODUCTION.
NO ONE TO BLAME?
The blame for this situation cannot be totally laid at the feet of the SEC chill. SOMEONE OTHER THAN THE SEC HAS CALLED THE SHOTS. I do not see management addressing the issue to the shareholders... other then to drop bombs on them.
SDRG is now a diluting stock with expanding debt... in need of funding.
i have stated this for months now... and i cannot wait to see this and the next "Q" since my shares in this company are pretty much worthless and a fraction of what they once were... i probably stand no chance to break even.
happy 4th of july....
I will start posting some follow up in the next week or two.
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