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Sierra Resource Group Inc SIRG
Posted On: 08/19/2012 9:30:10 PM
Post# of 4018
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Posted By: Lmcat

















In studying the Amended filings I believe I found the reason for the Global Lock. Clearly the deceased CEO, Patrick Champney, the CFO, Brad Hacker, and the accounting firm all failed to maintain proper records. All of the previous persons and the accounting firm have been replaced.


Initial number of shares beneficially owned by Mr. Benjamin at his election to the board was 3,865,300 which was inadvertently reported at 3,840,000 at that time. A Form 3 has not been filed for this disclosure. Mr. Benjamin acquired 710,700 shares on August 3, 2011 at $0.0028 per share as an open market transaction which a Form 4 has not been filed.


Initial number of shares beneficially owned by Mr. Cordón at his at his election to the board was was inadvertently reported at 1,610,000 at that time. A Form 3 has not been filed for this disclosure. Mr. Cordón acquired 3,000,000 shares on December 8, 2011 at $0.0015 per share in a private transaction with an existing shareholder which a Form 4 has not been filed.


FACT: Both Mr. Benjamin and Mr. Cordón own more shares than previously reported.























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