Replies to post #13544 on Sierra Resource Group Inc. (fka SIRG)

[SaltyMutt]

I love the fact that the SIRG ore reserves are proven and what an advantage that is! So many other jr. miners out there are busy sending out PR's touting about how they are in the process of buying something. Then, a few of them will even put up a bunch of phony pictures of "their" mining operation in the hopes of hoovering out the pockets of the unwary. We don't have that problem here. Yes, we still face obstacles but they are being overcome and our very green portfolios are a testament to that.

[Actuate]

Yes, it has proven ore deposits, but it also has notes due far before it will be pulling those out of the ground. Based off of the current convertible notes, SIRG is going to be running out of shares VERY QUICKLY!

June Note: Shares were received for 0.0013pps, and if they converted the entire note they received 28M shares!

July Note: due tomorrow, shares will be received at 0.0027pps, and if they converted the entire note they will receive 11.8M shares!

Add April, June and July: 75M shares total

At what point do they either have to raise the A/S or begin defaulting on future notes???

IMO