Replies to post #13665 on Sierra Resource Group Inc. (fka SIRG)

[lmcat]

Until the status of the SIRG notes is known it is not worth the continued and constant discussion. They may have been paid off with the Grand View note or even another unknown note so it is senseless to continue to discuss unknown factors.

We know that the shares are not being sold into the open market and have not been for months and that is what is important.

[thizsukz]

You off significantly in your calculations. First it is a 42% discount, which means the conversion rate is 58% of the share price, so you are off by more than 25% right there. Second the purchase price is te average the time of conversion, so unless you know when they chose to convert you have no idea what that is. I am not saying that I know what the number of shares converted is and or was, but using your pricing you are off by more than 20 million.