Michael Davies did not build up anything. The man does not exist. The management is fake. The claims about the properties and the supposed work they did is fake. The mining and financial statements are fake. Everything is fake.
And they put out the news release in order to blow out the last of their stock into the market because the SEC was already breathing down their neck through their ongoing investigation. The people behind this scam knew the SEC was going to pull the plug soon, so they pushed SRGE over the cliff themselves hoping Kinross wouldn't respond on a Canadian holiday and hoping the SEC wouldn't suspend the stock until they had sold the last of their stock and had a chance to stash it overseas.
SRGE was a very obvious scam, and had been for over 2 years. I am sorry you got caught up in it, but it proves you really can't believe anything a non-SEC reporting Pink Sheet company says. Ever. You have to assume everything they say is a fabrication and a lie, because most of the time, it is.
Legitimate companies register and report to the SEC. Companies that don't, aren't. It is that simple.
News 
Market Data 
Discover 
