Replies to post #2060 on $b_rich$'s Penny Bank Stocks

[Actuate]

False misleading statements like "we aren't using toxic financing", which good ole J. Rod at SIRGE said?

The terms of the SIRGE notes are 42% of the lowest 3 trading prices of the previous 10 trading days, and they can convert as early as 180 days after the note is issued. I would call that VERY TOXIC! Now SIRGE doesn't even have enough shares remaining to get a note through Asher. I wonder how long it will be before we see that A/S increase to 1.5B???

The holder of shall have the right from time to time, and at any time during the period beginning on the date which is
one hundred eighty (180) days following the date of the Convertible Promissory Note and ending on the later of: (i) the
Maturity Date and (ii) the date of payment of the Default Amount, to convert all or any part of the outstanding and
unpaid principal amount of this Convertible Note into shares of the Company’s Common Stock at a conversion price
representing a discount rate of 42% of the then going Market Price which shall be defined as the average of the lowest
three (3) Trading Prices for the Company’s Common Stock during the ten (10) Trading Day period ending one Trading
Day prior to the date the Conversion Notice is sent by the holder of this Convertible Note to the Company.

[$b_rich$]

come on lmcat! You appear to think that SIRGE is legit, they can't even keep their SS right and have problems with their accounting firms! All these penny stocks are high risk and most know that coming in. As far as GDSM being a scam, that's your opinion. I believe they'll come through and we'll all make some nice cash here. If they don't...on to the next one! Pennies are high risk/high reward. Here's a great post on that:


http://investorshub.advfn.com/boards/read_msg.aspx?message_id=79337024

doogdilinger Friday, September 07, 2012 12:08:55 PM
Re: NoDope post# 45596 Post # of 45728

lol you don't know what they're doing or not doing...in fact none of us do...so complain away to the SEC all ya like the SEC receives hundreds of complaints from penny players every day who are complaining about not becoming millionaires on penny tables they choose to play. That's why the SEC has flashing red light disclaimers warning all penny gamblers to proceed with caution when choosing to place chips on any penny table.