Sunergy, Inc. (fka SNEY)

[mikeymgd]

Interesting....The site has very conflicting information.

FROM THE OTCQB WEBSITE

Beginning may 1, 2014:
•
Bid test:
All current OTCQB companies that
do not meet the minimum bid test (minimum
bid price of $0.01 per share as of the close of
business for at least one of the previous thirty
consecutive calendar days) will be removed
from OTCQB beginning May 1


However in yet another section right next to this statement is a statement about a roll out.

Companies Currently traded on OTCQB:

OTC Markets will roll out the new procedures
for OTCQB over the course of a year. Each company
will be required to comply with the new OTCQB
procedures 120 days after its Fiscal Year End
(“FYE”). Companies that do not comply with the
new procedures within the required timeframe
will be downgraded to OTC Pink.

Is the minimum bid test a procedure?
Personally Bali, I think you are wrong. The procedures are likely things like the manor at which they do their filings and paper work, etc....but not the minimum bid test.

I will attempt to get clarification from their posted email address.