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  4. Southridge Enterprises Inc. (SRGE) Message Board

By:mortalmyth 06 Feb 2013, 03:19 PM CST Msg. 6433

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Post# of 9903
Posted On: 02/06/2013 3:56:51 PM
Posted By: rbtree
Re: rbtree #118

By: mortalmyth
06 Feb 2013, 03:19 PM CST Msg. 6433 of 6439
(Msg. is a reply to 6406 by andrewinvestor.) andrewinvestor, and to think you eat with that mouth. Utterly amazing.

Now how about stepping up to the plate and answering some questions?

1) Where do these financing companies called Quixstone Investments, Inc. and Duvernoi Capital Investments Inc. reside and who are the principles involved?

As noted in the SEC investigation letter, the accuracy of SRGE PR content and the company’s business operations and arrangements are in serious question. SRGE has two financing companies that can't be found anywhere, but in their press releases. Where do these companies called Quixstone Investments, Inc. and Duvernoi Capital Investments Inc. reside and who are the principles involved? Internet searches and business directory serches have come up empty. Hopefully the SEC investigation will force clarification and disclosure of this anomaly.

2) Who has heard of a legit company stopping payment of a dividend past its ex-date (this must be some kind of record)?

The second dividend was postponed for three weeks before SRGE finally publicly acknowledged the fact in a PR, and they still didn't divulge the real reason for this letdown to the downtrodden shareholders. It's quite likely they didn't have enough money because they were unable to unload enough shares to pay for it due to the timely SEC suspension on Dec. 28th. The trading volume is now drying up as expected while trading on the grey sheets, so don't expect the company to sell enough shares any time soon to get the money needed for paying the second dividend for those that didn't get one, and for the next quarterly dividend. All are forward looking statements and if the company backed out of the last who's to say they won't again? Who has heard of a legit company stopping payment of a dividend past its ex-date (this must be some kind of record)? This action is irresponsible, is in direct violation of fiduciary responsibility, and makes the company libel to the shareholders that didn't receive the second dividend.

3) Do you find it suspect that a research company supposedly being in business since 2001 has only one research report available on the web and it is for SRGE? Do you find it suspect that a supposed real company in business since 2001 would not have a web presence until 2011, oddly just before their SRGE report release in Jan. 2012?

The research company Mathers Research indicates it has been in business since 2001, but they evidently have only produced one report in all this time, that being just for SRGE. This is considered very odd to say the least. Also, their website wasn't created until 2011, oddly just before publishing the Jan. 2012 report and touting that SRGE should obtain a share price of $0.20 in 2012. Before you get too excited about becoming an instant millionaire, you might want to read their disclaimer and just where they source their information. Also, take a look at the timing of their SRGE report and the stock trading just before and during Jan. 2012.

http://www.mathersresearch.com

4) Where is the SRGE CEO background info and why haven't you or even one other advocate provided this to the board?

SRGE has a phantom CEO that doesn't exist except in press releases. Although many have scoured the internet, no biography, education and work experience history information can be found for SRGE CEO Mr. Davies' (or Davis'). Even the SRGE advocates can't such info and have yet to provide any data to prove their case of his existence. As such, many believe this individual is just an incarnate of Mr. Smid (Mr. Smid has a less than admirable background and evidently has direct ties to SRGE through an outstanding payable loan).

5) Where do these companies called Rockridge Capital Holdings Corporation and Novamex Minerals S.A. reside and who are the principles?

As noted in the SEC investigation letter, the accuracy company’s business operations and arrangements are in serious question. Rockridge Capital Holdings Corporation and Novamex Minerals S.A. can only be found in SRGE documents. Internet searches and business directory searches have come up empty. Hopefully the SEC investigation will force clarification and disclosure of this anomaly.

6) Do you believe SRGE is truly destined for an uplisting or moving to another trading exchange?

There are rumors about SRGE getting an uplisting or maybe moving to another trading exchange (with SRGE shares to be valued at an unbelievable $2.50). All this talk is unfounded and extremely unlikely to happen since SRGE has no audited financials and because of the on-going SEC investigation (which the uplisting was specifically identified). Stock exchanges communicate with one another so any SEC investigation will put a damper on any forward movement in this regard. And to believe SRGE can move off the grey sheets to some new exchange, especially since those that have any real clout require audited financials, is absurd. Of course, to also think SRGE shares will trade at $2.50 without a massive reverse split, making the SRGE market cap in-line with some of the biggest of the major miners, is insanity at its finest. Remember, if it sounds too good to be true, it probably is.

Thanks for any inputs to the above questions.



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