Replies to post #15247 on Sierra Resource Group Inc. (fka SIRG)

[Warmy]

That is straight from the company filings on page 34.

http://quotemedia.10kwizard.com/download.php?ipage=8329323&action=PDF&src=quotemedia&msrc=68a2dcc319463f7fa6367eee2437b37d

It needs to be brought up until SIRG stops using toxic methods to pay their salaries. With toxic dilution continuing, anyone who currently holds or buys will experience increasing diminished value as more shares are issued.

[Actuate]

Here is the Proof you requested...

On May 3, 2012 the Company issued Grand View Ventures, LLC 6,666,666 shares of the Company’s Common Stock in consideration for
$33,3333. A convertible promissory note in the amount of $133,333 was also executed. The note has an interest rate of 8% with the maturity
date of November 1, 2012. In conjunction with the $133,333 note, Grand View Ventures also received a common stock purchase warrant to
purchase 6,666,666 shares of common stock with an exercise price of $0.012 per share.

http://www.otcmarkets.com/edgar/GetFilingPdf?FilingID=8681055

It is likely that the notes will be brought up as frequently as the other topics such as the Rizzo Report. The notes are of great importance, because they will likely decide if the company has to increase the A/S to fulfill them. :-)

IMO