Replies to post #119067 on Southridge Enterprises Inc (SRGE)

[terry_mathews]

So you claim that ETRADE and the other brokers are going to put their money on hold in your accounts until such time as they get funded by the company to distribute - is that your response? and the company has no defined commitment date? I doubt it. SRGE is a non-reporting pinkie with an SEC investigation of fraud underway. There is only money in your account if you can use it and you can't so at best it is an unsupported paper entry, just like those paper profits everybody reaped until this pig went to suspension and grey markets.

Money is only money in an account if it can be spent and/or if it collects interest.

[samsamsamiam]

The ONLY expression that means anything is SEC SUSPENSION


Spinning the meaning of the words recind, revoke, cancel, postponed is NOT going to change the FACT the SEC SUSPENDED this stock.

[BLB]

You are not getting it. The money is not sitting in my account. A lot of us have not received the dividend.

[konshe]

Dividend was paid, see www.otcmarkets.com Some one didn't get it , maybe they have no shares in that record time.

Corporate Actions
Ex. Date Record Date Pay Date
Dividend (0.0002) Jan 04, 2013 Dec 21, 2012 Dec 28, 2012
Dividend (0.00003) Nov 13, 2012 Nov 15, 2012 Nov 22, 2012

[Cassandra]

The correct expression would be that it has been postponed, and that at this time we do not know until when.

Because no time frame for the "postponement" was given, the dividend is postponed indefinitely by your own admission.

How many events have you ever seen that were "postponed indefinitely" ever eventually occur?

Brokerages who prematurely paid a SRGE cash dividend to their clients have been rescinding/retracting them because the dividend wasn't funded due to the indefinite "postponement" which SRGE has not bothered to announce publicly. These terms/expressions are accurate for what is happening to the premature cash dividends advanced in good faith by those brokers. They are being "rescinded" or "retracted."

This dividend debacle was caused entirely by SRGE, which apparently changed its mind about issuing the dividend it had announced on 12/18/12 after the SEC suspension was imposed on 12/28/12.

The fact that SRGE has not publicly addressed the questionable status of the previously-announced dividend nor issued an official press release about the SEC suspension, which essentially accused the company of fraud, is just more evidence that the company is as complete scam.