Replies to post #20018 on Sierra Resource Group Inc. (fka SIRG)

[Actuate]

I got the "trading prices" from the below document. Regardless, it is still VERY TOXIC FINANCING!

A convertible note with a face value $37,500 was converted into 12,212,798 shares of common stock.

$37,500 / 12,212,798 = 0.00307pps

Asher can dilute all the way down to 0.0031 and still make money. When will Asher begin to dump those shares??? With no bid support, it could crash the stock!

http://www.otcmarkets.com/edgar/GetFilingPdf?FilingID=8914764

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 TradingDay prior to the date the Conversion Notice is sent by the holder of this Convertible Note to the Company.

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