Susglobal Energy Corp (SNRG)

[synaphai]

This is the fourth year in row Marc's needed an extension. He needed the full 15 extra days to file in 2021 and 2022 and 14 days last year so he's always cut it close. I guess missing the extended deadline is not surprising because when you push that limit too many times you're bound to go past it eventually. We'll see if it gets filed today.

[Horsin around]

Whats a logical reason for not filing on time after an extension? What am I missing? Why would that happen?

[Horsin around]

Wtf is marc doing? Did he lie about everything? Did we get scammed? What is everyone here thinking?

[synaphai]

It hasn't been filed yet. All filings are first posted on the official SEC page for the company so it will show up there before anywhere else and if it's not there, it hasn't been filed.

Susglobal SEC page:

https://www.sec.gov/edgar/browse/?CIK=1652539&owner=exclude

[3p1cdud3]

I cant find it either, don’t know if it was. Not on the website or posted on any socials

[stoneroad]

Anyone see where the 10K has been filed? I don’t see it.

[stoneroad]

That does sound familiar.

[synaphai]

I thought Wainwright has been onboard for awhile and was running point on a past fundraising attempt but I could be wrong. I can't find any reference in filings so maybe it was something Marc discussed in an interview, or maybe I'm getting my companies mixed up.

[BEIJING BILL]

Service.provider ... New to me .. I don't think it was there before ... But I don't know

[BEIJING BILL]

https://www.otcmarkets.com/stock/SNRG/profile


Scroll down yu see it

[stoneroad]

Certainly hope they are not lining up a toxic financing. HC Wainwright has a horrible reputation.

[stoneroad]

Where did you see this and in what context? Thx

[BEIJING BILL]

Is this new?

Investment Bank

H.C. Wainwright & Co., LLC

430 Park Avenue, 3rd Floor

New York, NY 10022

[BEIJING BILL]

This is called quiet periodfor reason.

[stoneroad]

You anticipating good news after the 10K?

[BEIJING BILL]

Almost time ...

[TradeForProfits]

Fins a week away at most (Tue eod) per NT filing

[Horsin around]

I understand large deals can take time but this is crazy. Especially when Marc says things will be completed by a certain time frame and he doesn't follow through. At what point do we determine it was all lies?

[Horsin around]

I'm not surprised. No construction. No financing. Nothing has been completed that Marc said would be done. I don't know if he's lying or just has no idea what he is doing. His shareholders are screwed because he's not getting anything done. Down 90% from highs.

[synaphai]

Can gets kicked down the road again with the traditional notification that the 10K will be late:

https://www.sec.gov/Archives/edgar/data/1652539/000106299324007587/formnt10k.htm

[synaphai]

There's gotta be something new soon with the 10K upcoming. Susglobal's tweet last week sounded promising but it was focused on 2023. I've been thinking for months that the make or break moment for the company has to be revealed soon but time keeps rolling on.

[Neo2020]

You must be one of those Internet trolls that always post negative crap on Twitter or other social media huh? Nothing nice to say. Hopefully you didn’t sell all you have with this company cause good things are going to start happening. This game isn’t for the weak.

[infamous]

Does your gutt even speak English? Lol

[stoneroad]

I might be dead wrong, but my gut tells me we will all be pleasantly surprised.

[Horsin around]

Yas!! Finally some solid news

[stoneroad]

$SNRG just posted on X (formerly Twitter) that they have secured the resources and partnerships to achieve their ambitious goals and look forward to sharing details. If true, this is very encouraging.

[infamous]

yep, a well concieved pump and d between him and other traders IMO. all talk all this time. no action

[Horsin around]

How much longer are you all going to believe the lies? Are you just sitting here till 2030 and just believe everything he says even though he never follows through. Why do you all trust marc? I originally got in bc of how many shares he has and the investors presentations. Based off the old presentations they should be making over 100 million. They should have private label deals with large companies. All of it lies. None of it came true.

[infamous]

Yea its a nothing company.

[Horsin around]

Why? Marc constantly lies to shareholders. Construction will definitely continue in 2023. Financing will be done by the new year. Everything will definitely be done by end of this quarter. Nothing ever happens except falling share price. Down over 90%. Explain to me why you have any confidence in this company when nothing ever gets done. Oh yeah, Marc will also get paid a shit ton more shares soon as well. Loves to pay himself and screw his shareholders.

[3p1cdud3]

I agree with stoneroad, it may take time but it’s not over yet

[Horsin around]

We have to go 1000% to get to previous highs. It's over. Marc screwed his shareholders

[stoneroad]

Certainly disheartening. But it ain’t over until it’s over.

[synaphai]

It's due April 1st this year. Hopefully third time is a charm because this is the third year in a row where we're anticipating financing news after the 10K is filed. Deja vu all over again.

[stoneroad]

Hopefully 10K is filed on time by 3/31 and we get positive news immediately after.

[stoneroad]

Guessing there’s a chance we don’t hear much of anything until 10K is filed in April.

[Horsin around]

This stinks. No updates or anything from the company. Just crashing price. Can't believe we need to go almost 1000% to get to previous highs. This just sucks. This stock has completely destroyed my portfolio and savings. Fml

[stoneroad]

Be nice to close over .10 tomorrow

[Horsin around]

Another month and no updates and still falling prices. Need to go 1000%.

[stoneroad]

There have been no filings of his selling.

[Horsin around]

How would he sell those shares? I don't believe he can sell on the open market?

[infamous]

nah im sure hes selling all the way to this point down here which is why its at .08.

[Horsin around]

That's actually one reason I'm still here. He has the most to gain or lose.

[infamous]

looks at the (4) filings over the last 18 months! Marc issued himself MILLIONS of free shares . how nice for him

[synaphai]

I've followed Susglobal for almost 3 years and to me this seems like the ultimate make or break moment for the company. We all know that Marc does not have the best track record raising money, that would be an understatement, but the question now is whether the substantial offtake agreement that has been signed since Bruce joined the company can be leveraged to get at least an initial tranche of financing closed. Bruce has done his job, can Marc finally do his.

[infamous]

That's ridiculous period I've been following this company for years and they still have done literally nothing yet.

[synaphai]

You're not wrong in a sense but a simple calculation belies the difficulty of raising money in a high interest rate and cost of construction environment. I've mentioned ORGN before but that company is the poster child for how capital needs can fail offtake. They have/had more than $9 billion in offtake agreements but the stock is trading around $95 million because they can't meet capital needs for their initial large plant construction.

Marc needs $147 million to make the first RNG facility at Belleville, and presumably fertilizer production, happen. The plan has been to do that stepwise with $35 million in raises, $30 million from Green Bonds, and hopefully leverage that progress to raise the $117 needed for Belleville RNG, maybe through a strategic financing. As Horsin implied, the first tranche will grease the wheels to get the train rolling down the track.

If full funding does materialize, the stock is extremely cheap. But it's all about how you handicap the chances of the plan unfolding optimally, which is no different from most tiny, essentially pre-revenue companies.

[stoneroad]

I very well may be wrong, but if you looked at the simple NAV of the company it’s probably 5-6X the current MC. Interested in any thoughts.

[Horsin around]

If he actually closes it by the 15th I will feel infinitely better but I have my doubts

[stoneroad]

At this point, his credibility is certainly in question. Having said that, he is still saying things are on track and moving forward. $15 million Green Bond offering scheduled to close on 3/15. If it does, there will be reason for optimism and SP should reflect that imo. Fingers crossed.