WRONG AGAIN!
FACT - J. Rod Martin bought as an investment 9,700,000 shares of SIRG in Oct of 2010 when SIRG was trading between .20-.34. The fact that Rod invested between $1,000,000 to $3,000,000 in SIRG shows his faith and commitment to the company that he became the CEO of on Aug. 26, 2011 after the sudden death of Patrick Champney.
For unknown reasons certain people have made this an issue and have made false claims that he sold those shares. It has been proven that he still owned those shares while they have failed to provide any proof that any shares were sold.
If Rod had purchased those shares in April as a filing wrongly shows, then he would own 48,500,000 shares due to the fact that SIRG did a 6/1 FORWARD STOCK SPLIT with a pay date of 6/25/2010. Verify here: http://www.otcmarkets.com/stock/SIRG/company-info
This proves that the recorded date of purchase in April of 2010 is wrong. Since Rod was not an officer nor a BOD member he had no responsibility for the wrong date being recorded!
SIRG shares began trading in June of 2010 and traded in the .90 area prior to the 6/1 split. So if Rod had purchased 9,700,000 shares in April what price would he have paid? Even a 50% discount would have cost him $4,365,000.
Historical chart
| 1.00 |
| 0.67 |
| 0.33 |
| Jun 25, 2010 | Sep 9, 2011 |
Export
| Date | Open | High | Low | Close | Volume |
|---|---|---|---|---|---|
| Jul 2, 2010 | 0.90 | 0.90 | 0.90 | 0.90 | 0 |
| Jul 1, 2010 | 0.90 | 0.90 | 0.89 | 0.90 | 51,000 |
| Jun 30, 2010 | 0.90 | 0.90 | 0.90 | 0.90 | 0 |
| Jun 29, 2010 | 0.90 | 0.90 | 0.90 | 0.90 | 0 |
| Jun 28, 2010 | 0.90 | 0.90 | 0.90 | 0.90 | 15,000 |
| Jun 25, 2010 | 1.00 | 1.00 | 1.00 | 1.00 | 600 |
They are accounted for. Says so in the filings. See note (3) below ' Security Ownership of Management'
The claim made that Rod bought 10 Mil. shares and did not sell is not valid. LIE
In actuality the shares were acquired by 5277 Partners in April 2010...Wrong date proven by the fact that Rod did not receive split shares.
Item 3. Source and Amount of Funds and Other Consideration.
All of the shares of Common Stock beneficially held by the Reporting Person were acquired in a Asset Purchase Agreement between the Registrant and Medina Property Group, LLc. in April 2010. Wrong - someone reported incorrect information. Rod was not an officer nor on the BOD so he had nothing to do with the wrong date.
http://www.sec.gov/Archives/edgar/data/107696.../sc13d.htm
ERROR 404: File Not Found
The agreement is the acqusision of the Chloride copper mine and 5277 Partners received shares in the process. Since Rod is the President of 5277 Partners, he had to file the 13D by SEC regulation. In fact, he has to let it be known every single share that he has voting rights with.
The actual amount of shares acquired was 9,631,400
From the 2011 10-K we also know the following....
He acquired 2,200,000 restricted common shares (not issued) in the first half of 2011 for consulting services with SIRG. HOW CAN HE ACQUIRE SHARES IF THEY WERE NOT ISSUED? The shares remain in the company treasury.
ac·quire
[uh-kwahyuh r] verb (used with object), ac·quired, ac·quir·ing.
He converted $6858.00 into 2,857,467 in Nov. 2011 from a convertible note between SIRG and Blackpool Partners which Rod was (and still is) also a managing member.
9,631,400 + 2,200,000 + 2,857,467 = 14,688,867 shares that he HAS to claim ownership of as a beneficial holder.
From the 2011 10-K we also know how many shares he owns and claims...
Security Ownership of Management:
J. Rod Martin-CEO and Director (3) 10,587,467 3.1%
(3) Includes 5,057,467 shares which are earned, but have not been issued. These shares are disclosed in this 10-K under Item 12: Shares
Subscribed, Not Issued. NOT ABLE TO SELL SHARES THAT HAVE NOT BEEN ISSUED. PROVE THEY WERE ISSUED!
14,688,867 - 10,587,467 = 4,101,400.
So, the claim that he hasn't sold any shares is false since he had to sell 4.1 Million shares. Otherwise the number of shares claimed as a beneficial holder would be 14,688,867.
