Support: 888-992-3836
Copyright © 2023 InvestorsHub Inc.
Replies to post #47982 on Southridge Enterprises Inc (SRGE)
I-Glow
10/27/12 9:36 PM
#48011 RE: tob999 #47982
Yup!! Misinformation is weak imo. Just check Stervc's DD sticky for FACTS!! :))
Interesting. you claim that SRGE was totally up front about the buyback program. Investors here however have proven that they were totally out in left field on how it would be executed. Posts on a daily basis attributed the stock volume to the buy back program. If the shares are/were restricted clearly that was not the case and therefore investors here completely misunderstood the buyback announcements. Do you agree or disagree? Were you not one making those claims and thus one fooled by the company's announcement? The announcements started in Nov. 2011 and in Sept. 2012 the press release claimed a total of 444M shares had been purchased in this buy back program. As I have pointed out, SRGE claims 400M of the 444M were executed in private sales of restricted shares and executed at a time that left the O/S at 800M. Tell me then how the O/S is 545M shares if both the O/S claims and the buyback claims are both true. By my count, 444M - 400M = 44M shares. 800M O/S - 44M = 756M shares and not 545M shares. Is this the same type of creative accounting that SRGE used when disclosing their revenues/COGS? Simple math seems to confuse these clowns running SRGE. Either that or they can't keep their stories straight which is typical in a fraud case. Feel free to explain thru the buyback contradictions between the PR's and the financial disclosures