Replies to post #89092 on Southridge Enterprises Inc (SRGE)

[RedHotStocks]

Hate to say it but SRGE chart is broken. After the dividend is paid out expect a drop to the .005 area. Until the company can update shareholders of the current float and something more substantial than a CA agreement (which the timing of it was very coincidental as the stock was plunging ) this stock is trapped under alot of pressure. The whole gold mining sector is in bear market territory because of gold and silver prices falling. China has had alot to do with the recent drop in gold.

On the sidelines is the safest place for investors watching srge for now until the story changes and the price breaks .0082 on big volume again.


JMHO This is not bashing this is just an honest analysis of the story and chart technicals for longs.

[I-Glow]

Not only that, but ask yourself, why did they deregister their stock in the first place? What nefarious things have they done that will have to be laundered in order to pass muster with FINRA? Few companies that have done what SRGE did have ever returned to being fully reporting

Plus, doing one or the other you might be able to have some feeble explanation as to why you deregistered.

But, when you deregister and have the TA gagged plus haven't filed any audited financials since 2007 it is only done to fleece investors.

If you look at the posts from the paid promoters they all said SRGE wouldn't dilute the stock. But, guess what that is exactly what they did - on 12/06/2012 - SRGE did a Mass Dilution and increased the A/S by 50%. Then SRGE didn't issue a press release about this until 12/10/2012.

This from a company that issues a press release to announce a upcoming press release.

IG