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Pink Sheets Markets Today:
Aug 22, 2016 total dollar volume
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Author:
By Peter Hristov
Dec 14, 2010

Southridge Enterprises Inc. (SRGE.PK) The Former Puppet Of A Seasoned Criminal

SRGE chart.pngBack in 2008, Southridge Enterprises Inc. (PINK:SRGE) executed a reverse split, along with a change of its symbol from SRDG to SRGE. This, however, was not the only time the company has changed its stock abbreviation.

It seems that the company was trying to wash some stains on its image by going through multiple symbol changes, hoping that eventually no one will bother to disentangle the knot, which leads to some intricate stories in the past.

To start with, an official 8-K report indicates that Mr. Alex Smid had been president and director of SRGE until 2007. This person has such an extensive dossier of illegal activities that it will take a novel to encompass all the scams he had been involved in. According to the words of an investor, who says he knows Alex Smid firsthand, the latter is a seasoned criminal involved with the Mexican and Russian Mafia whose unscrupulous practices date back to 1980. His criminal feats include extortion, blackmail, loan sharking, counterfeiting, prime bank fraud and identity fraud.

In March, 2010, a Canadian judge issued an arrest warrant against Mr. Smid on accusations of tax evasion and tax fraud. Due to the publicity, which the process attracted, it turned out that Alex Smid had been an officer or director of several microcap companies, none of which "is showing any signs of life".

While, seemingly this is not the end of the shady story of Alex Smith, SRGE has actually shown some signs of life recently. It cannot be overlooked that a company with such kind of past has been the object of a quite expensive promotional campaign which started at the beginning of this week. The compensation which each individual promoter received for the advertising of SRGE sums up to at least $300 thousand.

To cut a long story short, it should already be apparent that investors need to approach SRGE stock with an utmost caution. Given the company's inglorious past, the fact that it has been marked caveat emptor and that not a single piece of official information has been published for two years, it should be clear that the recent news combined with the massive promotion smell of another pump and dump scheme aimed at the unsuspecting investor. 

SRGE logo.jpg

Average Reader Price Target For SRGE:

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0.1376

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Article Comments:

Guest wrote: 3:02 pm Apr 10, 2011
SRGE - Fair Valuation .60-.70 cents a share
Guest wrote: 4:14 pm Apr 28, 2011
Fair, not so much. Accurate valuation is more like .06 cents.
Guest wrote: 1:46 pm May 13, 2011
more like .00........ worthless
Guest wrote: 8:26 pm Sep 14, 2011
FRAUD
Guest wrote: 10:25 pm Feb 20, 2012
fraud, and they are at it again big time. SEC just notified, they are going after him, pull strings and things
get done. love my family
Guest wrote: 1:58 pm May 10, 2012
you are all full of crap..so is this blog...BGL bagholders
sid wrote: 12:30 pm May 11, 2012
NEW SRGE - Momentum building. P/D info above is speculative and not the facts today.
Guest wrote: 8:29 am Oct 25, 2012
shis stock will go more than $1
Guest wrote: 8:29 am Oct 25, 2012
shis stock will go more than $1
Guest wrote: 12:49 pm Nov 08, 2012
The new management has taken over and things seems to be bright
Guest wrote: 12:50 pm Nov 08, 2012
The new management has taken over and things seems to be bright
Guest wrote: 8:54 pm Dec 18, 2012
No proof of Davies existence, probably a scam.
Guest wrote: 3:32 pm Dec 29, 2012
Whoopsy, bit the dust due to an SEC suspension.
glenhutchcraft wrote: 5:30 am Jan 22, 2013
They have paid two dividends to me to date, scams do not pay dividends most of these comments are not even com
plete sentences.Damage was done to srge, because (Kinroos) lied and denied jv but now (kinroos) lawyers a
re saying they did sign documents if this is the case (kinroos) will has questions to be answered and the
y are being sued by other companies and (kinroos) has been unethical business practices. we are waiting f
or news to clarify (srge) position on
Guest wrote: 12:52 pm Jan 26, 2013
Piece of gargabe stock
Guest wrote: 12:52 pm Jan 26, 2013
garbage*
Guest wrote: 2:11 pm Feb 11, 2013
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