Posted On: 11/28/2012 10:39:28 AM
Post# of 579
SRGE scam exposed
Chairman Schapiro,
I am concerned that the SEC enforcement team is not taking seriously concerns regarding the fraud that is Southridge Enterprises (SRGE). As I have pointed out on numerous occasions, SRGE is a non-reporting company who until recently was led by CEO Alex Smid of Supatcha Resources (SAEI). Supatcha, if you recall, was shut down by the SEC after posting false mineral assessment reports and after making claims that Russian Billionaire had made a bid for the company:
Quote:
Dec. 2010: The SEC said in a statement that the suspension order was issued "because of questions that have been raised about the accuracy and adequacy of publicly disseminated information concerning, among other things, a geological report concerning the company's mining prospects in Ukraine and a purported tender offer for the company's outstanding shares."
Supatcha said in a news release earlier this week that it had received two unsolicited bids from Russian buyers to purchase the company's outstanding shares. Supatcha's stock price briefly soared after the announcement.
In an almost identical play, Southridge (SRGE) has laid out a scheme that is resulting in identical runs on the market.
1. Southridge claims to hold concessions to mining in Mexico; Cinco Minas Property. Southridge has posted to their shareholders a copy of the concession certification number 221864 signed by a Tatiana Siglar Baca. (
Chairman Schapiro,
I am concerned that the SEC enforcement team is not taking seriously concerns regarding the fraud that is Southridge Enterprises (SRGE). As I have pointed out on numerous occasions, SRGE is a non-reporting company who until recently was led by CEO Alex Smid of Supatcha Resources (SAEI). Supatcha, if you recall, was shut down by the SEC after posting false mineral assessment reports and after making claims that Russian Billionaire had made a bid for the company:
Quote:
Dec. 2010: The SEC said in a statement that the suspension order was issued "because of questions that have been raised about the accuracy and adequacy of publicly disseminated information concerning, among other things, a geological report concerning the company's mining prospects in Ukraine and a purported tender offer for the company's outstanding shares."
Supatcha said in a news release earlier this week that it had received two unsolicited bids from Russian buyers to purchase the company's outstanding shares. Supatcha's stock price briefly soared after the announcement.
In an almost identical play, Southridge (SRGE) has laid out a scheme that is resulting in identical runs on the market.
1. Southridge claims to hold concessions to mining in Mexico; Cinco Minas Property. Southridge has posted to their shareholders a copy of the concession certification number 221864 signed by a Tatiana Siglar Baca. (
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