Replies to post #70184 on Southridge Enterprises Inc (SRGE)

[maddog gene]

we also have drill results in next few days!!ther Company developments, Southridge received assay results yesterday from one its portfolio properties located in a world-class mining region of Mexico. The Company is currently compiling the assay data for dissemination and the results are expected to be publicly released within the next several days.

[Sooah]

TF, this is a fairly old discussion we had on the forum and it is not a popular one because of the big numbers involved to re-state the books. The ethanol assets must be written down--it is discontinued operations--and unfortunately that is a charge to the tune of $15MM which will wipe out shareholder equity.

The Company in its current operating condition cannot build equity quickly enough to uplist within this year. This is not only fact but something SRGE investors should keep in mind. For this reason, additional capital injection may be needed.

To uplist SRGE must:
1) Clean up its financials
2) Meet minimum shareholder equity requirement (does not matter what the market capitalization is)

I know people don't want to hear $15MM charge-off against assets of the Company, but I've said it before and I will say it again. It must be done sooner or later. Better done now and start off on a clean slate.

Just keeping it real folks.