The SEC suspended SRGE for the crap they were putting in their press releases. Ironically what you just posted was probably one of the press releases responsible for the suspension!
UNITED STATES OF AMERICA
Before the
SECURITIES AND EXCHANGE COMMISSION
December 28, 2012
____________________________________
IN THE MATTER OF :
SOUTHRIDGE ENTERPRISES, INC. : ORDER OF SUSPENSION
: OF TRADING
File No. 500-1 :
____________________________________:
It appears to the Securities and Exchange Commission that there is a lack of
current and accurate information concerning the securities of Southridge Enterprises, Inc.
("Southridge”) because of questions regarding the accuracy of statements made by
Southridge in press releases to investors concerning, among other things, the company’s
business operations and arrangements, including certain claims regarding a joint
partnership and an arrangement to obtain funding and to change the listing venue for
Southridge stock. Southridge is a Nevada corporation purportedly based in Dallas,
Texas, and its stock is currently traded over the counter and quoted on OTC Link under
the symbol SRGE.
The Commission is of the opinion that the public interest and the protection of
investors require a suspension of trading in the securities of Southridge.
THEREFORE, IT IS ORDERED, pursuant to Section 12(k) of the Securities
Exchange Act of 1934, that trading in the above-listed company is suspended for the
period from 9:30 a.m. EST, on December 28, 2012 through 11:59 p.m. EST, on January
11, 2013.
By the Commission.
Elizabeth M. Murphy
Secretary
===============
U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.
SECURITIES EXCHANGE ACT OF 1934
Release No. 68546 / December 28, 2012
The Securities and Exchange Commission (“Commission”) announced the temporary
suspension, pursuant to Section 12(k) of the Securities Exchange Act of 1934 (the "Exchange
Act"), of trading in the securities of Southridge Enterprises, Inc. ("Southridge"), of Dallas,
Texas, commencing at 9:30 a.m. EST on December 28, 2012, and terminating at 11:59 p.m. EST
on January 11, 2013.
The Commission temporarily suspended trading in the securities of Southridge because of
questions regarding the accuracy of statements made by Southridge in press releases to investors
concerning, among other things, the company’s business operations and arrangements, including
certain claims regarding a joint partnership and an arrangement to obtain funding and to change
the listing venue for Southridge stock.
The Commission cautions broker-dealers, shareholders, and prospective purchasers that they
should carefully consider the foregoing information along with all other currently available
information and any information subsequently issued by the company.
Further, brokers and dealers should be alert to the fact that, pursuant to Rule 15c2-11 under the
Exchange Act, at the termination of the trading suspension, no quotation may be entered unless
and until they have strictly complied with all of the provisions of the rule. If any broker or dealer
has any questions as to whether or not he has complied with the rule, he should not enter any
quotation but immediately contact the staff in the Division of Trading and Markets, Office of
Interpretation and Guidance, at (202) 551-5777. If any broker or dealer is uncertain as to what is
required by Rule 15c2-11, he should refrain from entering quotations relating to Southridge’s
securities until such time as he has familiarized himself with the rule and is certain that all of its
provisions have been met. If any broker or dealer enters any quotation which is in violation of
the rule, the Commission will consider the need for prompt enforcement action.
Any broker-dealer or other person with information relating to this matter is invited to contact
Osman Handoo, Senior Counsel, in the Washington, D.C. office of the Securities and Exchange
Commission, at (202) 551-4536.
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