The below reasoning ( and the entire discussion) is nothing but a freakin joke. SRGE claimed to have had, what, $3.15 m in income...which was impossible, as they had no operations, ever. The only way they could have gotten that, was by diluting shares, and showing the $ figure their financials, that then became the basis for the fake "dividend", which many of us viewed as a "bribe" to entice more buying --of their extra 900 million shares. Further, the ibox here shows .0024 dividend, 100 times more than it really was.
It seems you longs will grasp at any straw you can to massage your dreams of riches, which will never come. SRGE is gone. Live with it.
Posted On: 08/22/2013 8:34:21 PM
Exactly as it says. $300 earnings per share. As rjbluesky pointed out to me in a private message today. The reasoning behind it as follows. .... The company widely publicised a share buy back programme. So if the earnings per share is very high it might be because the number of outstanding shares is falling. This then raises the earnings per share. See the board since Sunday it will tell you everything you need to know to get the full picture with a lot of excellent DD by, in particilar rjbluedky and big money trader. Go through their posting histories and mine and you will get the true picture