Replies to post #52497 on Southridge Enterprises Inc (SRGE)

[tob999]

Yup Sterling..SRGE is bona fide as I have been saying for over a year!! :))

[fh6282]

Amen to that stervc, I believe SRGE has BIGGER plans for share holder than we imagine.
IMO

[tob999]

Wow!!! So shorts have till 15th Nov to cover??????

One thing for sure, those who are doubting SRGE will find out just how serious SRGE is very soon as they announced the cash dividend to be payable on November 22, 2012 to shareholders of record at the close of business November 15, 2012

[janice shell]

There is a process that SRGE must do and must do quickly. There is an "official" coordination that will take place between SRGE and the SEC and FINRA before it is to be distributed.

Not really. The SEC doesn't come into it, at least officially. As far as FINRA's concerned, what's involved is not "coordination". It's "processing". See FINRA Rule 6490.

SRGE needs to submit a Corporate Action Request to FINRA. This must be done at least ten days before the planned event. So they'd better have done it by today. Note that in certain circumstances, FINRA can deny a corporate action request, so this isn't a done deal yet.

http://dodd-frank.com/newly-effective-rule-6490-gives-finra-a-larger-role-in-advance-notifications/

If and when FINRA approves the corporate action, the notice will appear here:

http://otcbb.com/asp/dailylist_search.asp?DirectSymbol=SRGE&OTCBB=ALL

The cash dividend announced with a date payable and a date of record confirms that SRGE is definitely "not" a pump or dump and is definitely "not" a scam.

You think so? Several years ago Pearlasia announced, and actually paid, a $0.00001 dividend in PAIM/ZNXT. Since then, she's been sued by the SEC, and her erstwhile paramour is serving time in a Florida Federal prison for the role he played in the scam. The stock is now dead.

[samsamsamiam]

Look for a confirmation within the Daily Dividends section within the www.otcbb.com/ website below:
http://www.otcbb.com/dailylist/
http://www.otcbb.com/dailylist/index_2012.htm



What is the latest date you think this CASH DIVIDEND will show up on dailylist before "investors" should get concerned?

It is only about a $16k dividend payout for about 500+/- Million shares - so I am sure they could cough up that amount. Although probably costly to distribute it. But don't you think Finra might ask for some AUDITED FINANCIALS that show that net income the dividend is supposedly being paid from?
What about the debt holders - do they have a vote as to this little "giveaway"? Or are they part of this perceived scheme to "Get Shorty"?

Should be interesting to follow given you said you have never seen a pennystock ever give specific dates in a press release.

I have seen in the past where some companies announce a cash dividend, but never announce neither a date payable nor a date of record for its cash distribution as those cash dividends never happened. SRGE has announced a cash dividend and has given us both a date payable and a date of record.