Replies to post #24073 on Sierra Resource Group Inc. (fka SIRG)

[warren1]

The reporter did not understand the filings. The majority of SIRG's "losses" are non-cash tax losses which will allow SIRG to save millions in taxes.


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There was a lot of misinformation in that article.

The "deficit" the reporter cites is really a carryover loss that can be deducted from future revenue, saving SIRG millions in taxes. It is not a cash loss. It is from depreciation, etc., it is a "loss" for tax purposes.

And the "going concern" language that she cites is standard language for all start-ups with no revenue.

Those that buy in today can probably make a quick profit from these levels in two weeks.