Replies to post #145323 on Southridge Enterprises Inc (SRGE)

[Cassandra]

... but why not suspend the stock indefinitely?

The SEC does not have the authority to suspend a stock indefinitely. All suspensions of OTC stocks are for up to ten trading days only.

http://www.sec.gov/investor/alerts/tradingsuspensions.pdf

Why haven't we heard any of the results from the investigation that the SEC was performing?

SEC investigations are confidential. The Commission will not even confirm an investigation is occurring unless/until it files a public action.

Investigations by the Securities and Exchange Commission

Securities and Exchange Commission (SEC) investigations are conducted confidentially to protect evidence and reputations. Important documents could be destroyed if an investigation is publicly announced, so confidential treatment may help to preserve key evidence in a case. A confidential process also protects the reputations of companies and individuals where the SEC finds no wrongdoing by the firm or the individuals that were the subject of the investigation. As a result, the SEC generally will not confirm or deny the existence of an investigation unless and until it becomes a matter of public record.

An investigation becomes public when the SEC files an action in court or through an administrative proceeding. The SEC website contains information about public enforcement actions. For additional information on how SEC investigations work, please see the following bulletin by the SEC’s Office of Public Affairs.

http://www.sec.gov/answers/investg.htm

[g0nz0]

SRGE was given time to provide those document "before hand", and the SEC STILL suspended the stock..

Sorry to inform you but SRGE was a Pump and Dump Scam... Not the first, not the last of MANY MANY others on the stinky pinky market.

That is why myself and other like many stay on these boards all day to educate and inform those who are interested in them.

We try to prevent people from going in blind and attempt to help those that the bagholders target from being suckered into taking worthless shares on bogus "huge news coming" BS

This stock will fizzle to nothing and soon disappear with occasional trades. Anyone in it now has no way out... other than selling at the REAL MARKET trading area around .0004 - .0006 .. anything higher than that is wash trading where two bag holders trade matched shares back and forth hoping some idiot will come along thinking its something big going on and buy their shares at a premium.

We try to help.. we don't force anyone to listen.

[SRV-90]

Again, let me make that clear to you...

You can short a stock if the broker allows you to short it.
Go and find a BD that will actually allow you to short a penny stock. You'll be hard pressed to find one and even IF you did the amount of shares available to short are basically ZERO plus the margin requirements to short a penny stock are ridiculous.

AS of today there are 21K shares short. WOW! Hold down the fort! That amount of covering wouldn't even cause a blip in the price. LOLOLOL


There's no conspiracy here to destroy a company based on a short position. Again, it's one of the most absurd conspiracy theories that has been floating on the OTC for at least 15 years and not ONCE has anyone EVER proven that it exists.

The SEC can only put a 10 day trading halt ANY stock. That is there guidelines they must follow when suspending a company for SECURITIES FRAUD!

You won't hear anything from the SEC until the file civil charges.

I take it you've never followed a suspended stock before huh? You'd have a better understanding if you understood what the process is and how the SEC works.

They don't suspend because they want to ask questions. They suspend because they found something that proves SRGE did something wrong and they are now paying for it.

Go look at SAEI and you'll see the SAME THING as here....

[janice shell]

Red flags were thrown because of the suspension but why not suspend the stock indefinitely?

For the millionth time: Because by law, the SEC can only suspend for ten trading days.

Why haven't we heard any of the results from the investigation that the SEC was performing?

Because it is not their policy to discuss investigations.

If the documents were given to the SEC beforehand, the SEC would not have suspended the stock.

According to SRGE, the documents WERE given to the SEC beforehand, and they suspended anyway. They must not have been impressed.