Replies to post #85186 on Southridge Enterprises Inc (SRGE)

[Diggs64]

GREAT DD ..Anyone who argues facts are just plain foolish

[janice shell]

GAAP is only a set of standards.

Yes. And saying you've met them doesn't mean you have.

For example, in an annual report according to GAAP, you break out all four quarters. That was not done in this case.

For that matter, they don't even name an accountant. It's, ah, conventional to do so.

[tradingfunds]

SRGE~> 4th Qtr Fins "LOOK AWESOME" weeeeeeeeeeeeee

The Outstanding Shares (OS) is 545,874,868 shares as of December 13, 2012.

The Revenues for its fiscal year end 2012 = $3,148,692

Net Income = $919,438

Earnings Per Share (EPS) = .0011

http://www.otcmarkets.com/financialReportViewer?symbol=SRGE&id=96742

SRGE~>Total Assets_$30,705,471~>Cash_$3,127,656~>Revenues_$ 3,148,692

SRGE is producing and mining as confirmed once again in the 4th qtr filings and by the NEW LAW FIRM weeeeeeeeeeeee~>We have now earned some initial revenues from our mineral exploration business. We anticipate earning further revenues as we continue with commercial production at Cinco Minas.

SRGE Revenues and Production will keep Generating Big Revenues as shown in the 4th qtr from 60,000+ tons of Stockpile Ore (Gold/Silver)~> The Company is currently processing surface stockpiled ore for its mineral content. Further exploration of the property to identify the extent of the mineralization and future mining activities are planned for the coming fiscal years.


The summation of proven (measured) and probable (indicated) ore reserves is acceptable if the difference in degree of assurance between the two classes of reserves cannot be readily defined.
In 2004 a resource estimate was prepared on the Cinco Minas property that was based on work by the independent consulting firm of Behre Dolbear de Mexico (http://www.dolbear.com). This estimate was based on the drilling, trenching and field exploration since 2003. Based on their examinations and calculations they reported the following: • an indicated resource of 2.27 million tonnes of 171.9 gram silver containing 12.5 million oz. of silver and 1.22 gram gold containing 89,100 oz. of gold