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Sierra Resource Group Inc SIRG
Posted On: 08/19/2012 9:54:15 PM
Post# of 4018
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Posted By: Lmcat
Re: Warmy #1067

12,750,000 shares of common stock  were issued by SIRG to Medina or its assignees. Rod bought the shares from Medina as an assignee.


The purchase price was determined based on the Company's analysis of a recently completed comparable acquisition and based on the value of the
associated underlying shares of the Company’s common stock which value of $1.00 per share represented the offering price of the Company’s
Common Stock in its most recently completed equity transaction prior to the date of the Purchase Agreement.


So Rod could have paid up to $1.00 a share for his 9,700,000 shares! WOW! - But then he bought them in Oct of 2010 after the 6/1 forward split.














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