Replies to post #118391 on Southridge Enterprises Inc (SRGE)

[janice shell]

SRGE has a Transfer Agent (TA), but at any time SRGE deems necessary, they can officially act as their own TA.

No, they cannot. No company can have more than one TA at any given time.

Companies can be self-transfer, but the SEC does NOT like it when OTC issues try that on. Too much room for fraud.

And... if a self-transfer company executes more than 500 transfers, it must register with the SEC, which is more complicated than one might think.

If the example you have in mind is CMKX, it's not a good one. And it never actually did go self-transfer.

This "could" be why the TA claims they have never received a cash distribution from SRGE as you have stated.

Pacific is still the TA, and still has the transfer logs. The company could not have distributed the dividend without them. And according to Pacific, the company did not fund the dividend.

Your point is moot.

[pitboss22]

You are talking about a company that couldn't keep track of whether or not they had a J/V agreement and you expect them to keep track of a large number of shareholders? Not to mention that they really don't seem too good with numbers.

THAT certainly seems like a recipe for disaster. { 8^D

[terry_mathews]

wouldn't that require a notice to the existing TA for their records. has not happened as PST claims they are still SRGE's TA. I am not sure why such an outlandish and totally unsubstantiated argument would be put out there as it was. options are not manufactured stories that look good, they are factual claims substantiated with something other than hope and dreams.

BTW...The last company that I recall that acted as their own TA was shut down by the SEC. I think you should remember it well.