Replies to post #79043 on Southridge Enterprises Inc (SRGE)

[Lone Ranger 2]

NOPE.

That makes no sense.

the 500 mil could be for the JV of the large NYSE firm

If there was a JV why would SRGE issue a half billion shares of Southridge to the JV partner?
LOL That would include the other mines that they also do not own.
SRGE is just trying to cover up their own controlled share dumping.

[flemdog33]

If they give them 600m for the mine they would own the mine. I don't understand where the 500m shares come into play. Company A buys a mine for 600m dollars. They now own the mine. Why would SRGE now give them shares? If SRGE were buying the mine than giving them shares for the purchase could make sense. But not the other way around. If SRGE does indeed own the mine than they hold all the cards and would not have to issue shares for anything IMO.