Replies to post #24668 on Sierra Resource Group Inc. (fka SIRG)

[jmhgolf]

Why didn't Grand View take the mine?

[jmhgolf]

Notes payable increased from $872,765 to $2,479,688 in 6 months

So the penalty added to Grand View was a tad over $1.6 million?

[Actuate]

It's a 36% penalty based off of what they currently owe, and it's a 45% penalty if you base it on the amount of the initial loans.