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  4. Sierra Resource Group Inc (SIRG) Message Board

if there has been no business except the EA there

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Post# of 4018
Posted On: 05/29/2014 4:16:18 PM
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Posted By: microcaps
Re: chris12 #3694
if there has been no business except the EA there should be no reason not to have the 10K filed on time, unless they could not find the funds to pay the accountant-they can be expensive-

most difficult part of 10k imo would be dealing w the extensive complicated series of revolving and overdue notes,including interest, penalties, associated legal fees, derivative liabilities etc,some-ca 3 notes of which in last 10q's they said were not legitimate liabilities- and forbearance agreements with creditors as per last 10q only ran to Dec 31 2013-dont know whether such agreements were renewed or for how long

last PR talks about CDM Smith doing other permit work and electrical work but where would the money come from in this tough mining financing environment w a series of overdue notes-and none of such work has been noted on 10q's as far as i can see -neither was EA work though -which is odd-unless they were being responsible and knowing the odds against success didnt want to PR or note such- PR's cost money also-but not even website was updated w EA

they have a lot of talent on the board,if such is still active and I'm guessing so does Grandview,so thats their best chance to fashion something
I emailed SIRG over a week ago? but have not heard back


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