BGL terminates Cinco Minas/Gran Cabrera litigation.
Posted On: 04/19/2016 5:10:29 AM
Posted By: nightfly
BGL terminates Cinco Minas/Gran Cabrera litigation. This news is also posted by BGL on sedar.com on April 18th 2016. Now that BGL finally wrote off Cinco Minas/Gran Cabrera as they should have done long ago, the road is clear. This was the last press release by MSJ where MSJ acquired SRGE's mines and MSJ wrote "purchase details in planning for another writing of events". So we wait for the senior miners to take over these mines and for the "purchase details in another writing of events".
"ZAPOPAN, Mexico, Feb. 11, 2013 /PRNewswire/ -- Minera San Jorge S.A. de C.V. expresses it has acquired the Cinco Minas Mine property operations and other mining properties of Southridge Enterprises Inc. President of Minera San Jorge, Jaime Arturo Anaya Trejo, represented that acquisition was signatured on February 11, 2013, and that purchase details in planning for another writing of events. Cinco Minas operations continue as before this event and expansions coming in time. Minera San Jorge discusses others participations in Cinco Minas with money commitments and mining historical experience.
One partner should come to Cinco Minas from our meetings."
If senior miners do not quickly jump on this opportunity to buy the mines from MSJ and MSJ wants instant value for their mines, another option would be to get SRGE off the greys again to provide instant value and money to MSJ. MSJ could decide to bring SRGE back into the pink sheets and then afterwards make a deal with senior miners through SRGE as a public pink sheet company. As gold/silver prices are a lot less than 3 1/2 years ago, it would be a good option to consider bringing back SRGE as a pink sheet stock from the grey sheets so that future negotiations with senior miners would go a lot smoother.
These are the three steps to get SRGE back into the OTC market and off the greys:
1) SRGE reactivates their business license (reinstatement costs about 5500 $) and does the necessary filings.
2) SRGE contacts a law firm to file a 15c-211 to get SRGE off the grey sheets and into the pink sheets.
3) MSJ transfers the Cinco Minas/Gran Cabrera concession titles to SRGE and SRGE makes agreements for the other mines as well, such as El Horconcito, Los Compadres, La Esperanza, La Canita.
Getting off the grey sheets can be done just like PHOT did so it's not in the realm of impossibility. Especially with the background of the SRGE story this can definitely happen as a lot of people who always thought of SRGE as a scam and did not exist would be all over each other just to grab some SRGE stock. Coming back to the pink sheets after being on the grey sheets for 3 1/2 years would make everyone want to buy the stock. This could drive the price much higher. If these three steps are taken successfully, SRGE stock would provide instant value and money and hit at least a penny, which is still 100 x the current share price and is possible with all concession titles and mines in possession.
Also as a reminder, no one knows what's going to happen next. Not me and not any other forum poster anywhere even though I kept reading that SRGE shareholders will get nothing and that SRGE is a scam and it does not exist etc. All posts are opinions as it's not me or other forum posters who decide what comes next. Since the beginning I mentioned that MSJ decides what happens next as MSJ wrote that last press release acquiring the mines from SRGE and announced purchase details for a later writing. And, if you purchase something then you give something in return for the purchase.
Who will write the next chapter for SRGE and what could be in store?
Will MSJ find a buyer for their mines and provide a liquidating dividend to the SRGE shareholders or will they bring SRGE back from the greys to the pink sheets or will they do something else?
SRGE is now the cheapest at 0,0001 and if SRGE does a comeback into the pink sheet market, it will be the mother of all comebacks as no other stock has ever been beaten down in history like SRGE over the past 4/5 years with claims of being a scam and not existing. The game is on and the kraken will be released. The road is clear. It's up to MSJ which road they want to take and decide what to do next.
http://investorshangout.com/post/view?id=3696070
Posted On: 04/19/2016 5:10:29 AM
Posted By: nightfly
BGL terminates Cinco Minas/Gran Cabrera litigation. This news is also posted by BGL on sedar.com on April 18th 2016. Now that BGL finally wrote off Cinco Minas/Gran Cabrera as they should have done long ago, the road is clear. This was the last press release by MSJ where MSJ acquired SRGE's mines and MSJ wrote "purchase details in planning for another writing of events". So we wait for the senior miners to take over these mines and for the "purchase details in another writing of events".
"ZAPOPAN, Mexico, Feb. 11, 2013 /PRNewswire/ -- Minera San Jorge S.A. de C.V. expresses it has acquired the Cinco Minas Mine property operations and other mining properties of Southridge Enterprises Inc. President of Minera San Jorge, Jaime Arturo Anaya Trejo, represented that acquisition was signatured on February 11, 2013, and that purchase details in planning for another writing of events. Cinco Minas operations continue as before this event and expansions coming in time. Minera San Jorge discusses others participations in Cinco Minas with money commitments and mining historical experience.
One partner should come to Cinco Minas from our meetings."
If senior miners do not quickly jump on this opportunity to buy the mines from MSJ and MSJ wants instant value for their mines, another option would be to get SRGE off the greys again to provide instant value and money to MSJ. MSJ could decide to bring SRGE back into the pink sheets and then afterwards make a deal with senior miners through SRGE as a public pink sheet company. As gold/silver prices are a lot less than 3 1/2 years ago, it would be a good option to consider bringing back SRGE as a pink sheet stock from the grey sheets so that future negotiations with senior miners would go a lot smoother.
These are the three steps to get SRGE back into the OTC market and off the greys:
1) SRGE reactivates their business license (reinstatement costs about 5500 $) and does the necessary filings.
2) SRGE contacts a law firm to file a 15c-211 to get SRGE off the grey sheets and into the pink sheets.
3) MSJ transfers the Cinco Minas/Gran Cabrera concession titles to SRGE and SRGE makes agreements for the other mines as well, such as El Horconcito, Los Compadres, La Esperanza, La Canita.
Getting off the grey sheets can be done just like PHOT did so it's not in the realm of impossibility. Especially with the background of the SRGE story this can definitely happen as a lot of people who always thought of SRGE as a scam and did not exist would be all over each other just to grab some SRGE stock. Coming back to the pink sheets after being on the grey sheets for 3 1/2 years would make everyone want to buy the stock. This could drive the price much higher. If these three steps are taken successfully, SRGE stock would provide instant value and money and hit at least a penny, which is still 100 x the current share price and is possible with all concession titles and mines in possession.
Also as a reminder, no one knows what's going to happen next. Not me and not any other forum poster anywhere even though I kept reading that SRGE shareholders will get nothing and that SRGE is a scam and it does not exist etc. All posts are opinions as it's not me or other forum posters who decide what comes next. Since the beginning I mentioned that MSJ decides what happens next as MSJ wrote that last press release acquiring the mines from SRGE and announced purchase details for a later writing. And, if you purchase something then you give something in return for the purchase.
Who will write the next chapter for SRGE and what could be in store?
Will MSJ find a buyer for their mines and provide a liquidating dividend to the SRGE shareholders or will they bring SRGE back from the greys to the pink sheets or will they do something else?
SRGE is now the cheapest at 0,0001 and if SRGE does a comeback into the pink sheet market, it will be the mother of all comebacks as no other stock has ever been beaten down in history like SRGE over the past 4/5 years with claims of being a scam and not existing. The game is on and the kraken will be released. The road is clear. It's up to MSJ which road they want to take and decide what to do next.
http://investorshangout.com/post/view?id=3696070
1
