Replies to post #14458 on Sierra Resource Group Inc. (fka SIRG)

[$b_rich$]

It still does NOT protect you from an increase in the A/S. I've seen voting count on reverse splits, but not an increase and generally the company covers themselves by holding preferred with more voting rights to the common Or over 50% of the common.

SIRG, for instance, has already increased the A/S on several occasions. Most likely, the only reason they're holding back at the moment is to sell a few shares or cover their notes with Asher before they continue with the increase.

[Warmy]

What I said, "you don't get to vote at all" is not correct according to their bylaws. So, yes what you sate is correct according to what is written. However, what I said is true in reality.

In order to vote, an investor has to be invited and be present to vote at the meeting. There is no need in inviting shareholders to vote since the BOD and CEO already have majority of at least 65.2%.

So, what I should have said before is that the vote of the common investor doesn't matter and is ineffectual to the process. If a vote is worthless and has no count toward the decision making process then it is "no vote at all".