The possible scenarios were something like a buy out of the mines with a massive dividend for SRGE holders, or a JV where the other company slips into a shell and exchanges SRGE shares 1 for 1 and with that set up, the stock is reevaluated with a new price and that is what causes a run as the short/air shares are bought back off the open market.
I never expected SRGE to resume trading off the greys, that may be one of several reasons why the assets were transferred to MSJ. It's also possible MSJ worked their magic to have Southridge taken off the concession title history so there would be no embarrassment to the new company. I think they want to put all that scam accusations behind them.
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