I sent an email a week ago with no response...

This is a breather IMO. Everyone is digesting the newest announcement...this is not dead. Far from it. Also far from being over....

Slow day....

Some of my thoughts from reading the report:

1) The report states that CFO Katzburg has been working directly with Energy City. At this point, what, 3-4 months into it, one has to assume that something has been agreed upon project-wise. Just another one of those things that will be announced when properly seasoned and no one else can step in.
2) CFO Katzburg was given prior authorization to obtain funds $7M-$10M with the Madrid finance group to participate with the Palmetto Pipeline. Again, knowing Brian, I would suggest that the funds have already been agreed to and that we are locked into the Pipeline team.

Just think what being part of both the Energy City and Palmetto Pipeline mean to SYNJ/SRE standing in South Carolina?? It is no wonder that we are getting a deal through the state for the warehouse.

3) Per the report, the creation of MEG was AUTHORIZED by the SYNJ board.
If MEG was totally independent why would SYNJ board have to approve its existence!? Also, SYNJ is guiding its existence function and role. This is an independent company on paper only. They are establishing independence for political purposes. My thinking is that they want SRE to be seen as a South Carolina Co only, so MEG gives them the opportunity to go after other opportunities without risking SRE's SC focus and reputation. Getting into federal and international arena can be risky.
4) They state that “benchmark achievements having the potential to positively alter public perception and stock valuation of the Company have not yet been realized nor reflected in our stock price."
I have read concern regarding what benchmarks were met. Read it again...they are saying that the benchmarks to enable the real value of SYNJ to be known and realized have not been achieved but that they will happen. They had originally thought that by now they would have purchased the warehouse and denamis, but the offer by the state changed the timeline and the milestones/benchmarks were not met. They will be met, but it will take longer than expected. And that is when the real value of the company will be recognized.
5) SRE website: As I expected, they are changing the SRE website to be South Carolina focused. Keep in mind that it really makes no sense to publish the website until:
i. Warehouse has been acquired (need an address)
ii. Relationship/Schedule with Energy City is defined
iii. Role (finances) with Palmetto Pipeline is defined
Remember SRE is part of a public company; they can’t make wild claims like MEG can. MEG can say that they will have $2B in sales in 2013, but a public company can’t.

"When we inquired as to what if any steps Syndication could take to have the restriction lifted and the dividends credited to the appropriate shareholders, we were told that such decisions on our stock or any stock are based on internal policy criteria only."

If the issue was that SYNJ did not send sufficient shares, why wouldn't Ameritrade just say that? Since SYNJ did send shares to all other brokers, if there was a mistake in the quantity, I think that we can all agree that SYNJ would have sent additional shares.

Well, we could discuss this from multiple perspectives, all valid, but as you stated, something is going to happen and someone is going to get slapped for something.

I still think you are under-estimating the power that arrogance can have in business decisions.

Also, what attention do you think they really gave regarding a few emails from penny stock shareholders? Here is an interesting question: Why did Scottrade halt buys? They gave their shareholders the divys.....

One could argue that there was a conspiracy to make SYNJ worthless to help protect Ameritrade and thereby the entire brokerage short sell activities.

Anyway, this is all conjecture....best case scenario, everyone gets their divys, no harm, no foul, and we can move forward from here.

We got a real company here folks....it is building momentum...

The ONE KEY for me from yesterday...."The Board further acknowledged that the Company had now evolved beyond its development stage activities and was engaged in the process of purchasing assets and moving towards revenue generation."

You could be right. I too have questions, but the only thing I can come up with right now is:
1) Brian stated from the beginning that short sellers were holding this stock hostage.
2) Ameritrade is the ONLY one not releasing divys
3) Ameritrade has given every reason in the book to shareholders including blaming ML and has given the run-around to Brian

As far as putting themselves in jeopardy, do you think that Ameritrade ever imagined that a company like SYNJ would have the smarts to be able to put the squeeze on them? Arrogance is not uncommon with brokers...right?

Could be other things going on, but it looks like Ameritrade painted itself into a corner.

Now, they could state that since SYNJ is not part of the automated stock transfer process, that any shares differential is due to the manual approach that SYNJ uses...that would make things more confusing/convoluted.....it could also be true, which would mean that SYNJ does owe Ameritrade more divy shares.

No spike because, even while I personally like the news:

1) It did not come out in a PR to garner attention
2) It did not specifically state revenue/money generation

It was a progress report/update at best and only people who are looking at SYNJ saw it.

I consider myself fortunate because I know that I am one of a few, with everyone else on this board, to know what is going on here before the big announcements come, be it next week, or in a few months...

btw: Ameritrade is going to get squeezed now. Remember that Brian's plan for divys was to reward longs AND stop the short-selling. IF Ameritrade did not release the divys because they were short-selling and never actually had all of the shares that they were "trading" they are in a world of hurt. SYNJ sent the divys based on ACTUAL shares the Ameritrade traders had registered.

This may be very interesting, still potentially dangerous for us, but now that we have Brian's update as to what they have been doing to resolve the issue, I feel much more comfortable that SYNJ should be in the clear.

Okay - there is clearly a group here that is entrenched that this is a D&P and won't be swayed.

Looking for every reason for why this isn't a good thing.

1) We got an update and explanation of why the warehouse wasn't bought and that the state and then are working on a financially beneficial deal.
2) They state that they were the ones that worked with Scottrade to get trading going again there.
3) They explain the MEG->SRE->SYNJ relationship and clarify that they are all sister orgs. They also explain why MEG is independent, for now.
4) They give Q3 financials and state that they are looking at qualified firms to perform an audit.

All bad things apparently. You see, people complain that he doesn't communicate, and then when he does, it isn't enough, isn't what you wanted.

I suggest that all of the people that didn't like the announcement to write your own PRs and send them to Brian and Mac and maybe see if they will just post what you want to read and be done with it....

I like it not because it is complete or perfect, but because it clearly explains what they are doing and why. Things are lining up nicely, IMO.

If he hadn't talked about current issues, you would have been cursing him about only posting 3rd quarter results without using this as a vehicle to give an update on current activities...

Seriously, be fair. They are trying to get us a lot of information here and be more transparent. Isn't that a good thing?

Do you trust management? I don't know if you do or don't. Did I say "Tufan you should sell your shares!!"?

So defensive...that's okay. You are wanting to pick a fight with me on such a non-important point. As if I had the power to get you to buy or sell on my command.

Seriously, you are too wound up regarding this company.

Today is a good day. And, if they are reporting audited financials by end of year, we are going to have a good year here.

I am now officially done with this dumb discussion...

That is funny. I never told you what to do. At best i stated a potential course of action. Nor do i challenge your right to post what you want but simply pointed out your chosen slant. I openly support the company and feel vindicatrd for it today but will be really vindicatrd in a few months with my bankroll.

I just note that your posts are slanted negatively.

You should learn to take criticism if you are going to post an opinion on a board.

I take a lot of criticism and never take it personally. This is all fun for me.

My issue is that you only pointed out the aspects that suited your negative perspective. If you pointed out everything, fine. But you sighted ONLY the ones that you could comment on to your liking.

Thus my comment. It's cool, your right to post what you want, as is mine, but I am going to at least call you out on it.

I see the positives in it, everyone can clearly see that. Are there still question marks and possible landmines, sure. But I think that this answers a lot of questions and gives a clear roadmap if you chose to TRUST management. If you DON'T TRUST management, then I suggest sell at first opportunity and move on.

I, for one, see serious profits here....no need to sell for a long time.

Agreed...this is very good news. Considering that fact, the state must see real value in Brian and Mac, meaning that Brian and Mac have been heavily networking and showing that they are for real.

They just didn't get offered a warehouse(free,grant, whatever)just because.... They got the offer because the state recognized their real or potential value.

Did you learn nothing over the past few weeks??

Patience...this is the first of news regarding the new operating nodel

First of all I am stating what is stated in the announcement.

Secondly, of course MEG took SRE's website. It was faster way of getting out there publicly. MEG is the face of SYNJ/SRE and is going to be getting the deals done without the risk of the crap that is posted here impacting operations.

They are WORKING on a SRE website, which will focus, IMO, on South Carolina only. That website is not nearly as important until the warehouse and denamis are acquired.

This is a very good business model....

Very true....now, the question is "Our we competing with anyone else for the warehouses?"

Also, think about the fact that this frees up $600K that was going to go to buying the warehouse.

Also, realize to all you NAYSAYERS, that, if the State of South Carolina is going to give/grant/loan a warehouse to SRE/SYNJ, that pretty much kills the theory that we are a shell/bs company.

PETRIT - WHERE ARE YOU?? COME ON, GOT NOTHING TO SAY NOW??

No...you don't read well...re-read and we can discuss.

MEG DOES NOT FULFILL PROJECTS..IT IS THE MARKETING ARM OF SYNJ.

The idea is clearly to keep the SYNJ crap away from the eyes of potential customers/partners.

Once the market recognizes the value of SYNJ, this separation will not be necessary.

Re-read the section and you will see that MEG will not DELIVER a single project. SYNJ will finance and SRE will deliver....

ARE PEOPLE WHO WERE CALLING BRIAN AND MAC ALL SORTS OF NAMES FINALLY READY TO TAKE IT BACK AND RECOGNIZE THAT AS SHAREHOLDERS OUR JOB IS TO LET THEM DO THEIRS!!?!?

Oops...just got on-line...I'm going to read it!

These are all great PRs. You should email them to Brian and see if he decides to use any of them....lol

Well, since there is no going back, not sure what is to be gained by discussing other options, but I would suggest in the future, that you think about the broader potential consequences...

The best case scenario is that you and everyone else get your "worthless" shares this week. "Worthless" because you can't do anything with them until October...

Worst case scenario is that FINRA halts trading to figure this matter out making ALL of your shares permanently worthless...those would be the shares that you actually purchased with your hard earned cash. Also, due to halt, SYNJ is tainted, government agencies decide that they won't work with a questionable small company, and well, all this stressing on whether or not this is a real business is for nothing.

Personally, I think you and others were focused on the small picture and risked screwing the big picture, if there is one.

I thought I saw someone else post something stating that Mac had revenue from pre-merger sources...$700K???

Can any clarify/verify?

That is the part that makes no sense.....

So ABIGHAMMER/MIDAS and other nay-sayers. What are you going to say if they announce that they have begun/completed the asbestos remediation? Are you going to change your tune or still bash?

I truly hope that is the case. I can appreciate your perspective; I can also see the arguement that there is no money until we get to October, so why risk it?

Also, we don't know the impact that this could have on SYNJ doing business if potential clients/partners see FINRA investigation associated with SYNJ.

A client/partner may not care about the reason.

Well, this pandora's box is opened...now we need to see what happens.

Well, since he can't answer those questions without a PR, I don't think you will be buying back in....

Wow...someone actually makes sense...don't expect too many people to agree with you though...I have said the same thing time and time again, and have only been hammered for it...

Good post.

well, it has been sitting uncovered for a LONG time.....

LOL - when was the last time either of you spoke to Brian? Now prove it. Now post the recorded conversation.....

whatever....like him, hate him, like the stock, hate the stock....

it will skyrocket if real, it will plunge into the abyss if false....
bet accordingly.....

No that is NOT false information...FALSE means NOT TRUE.

You show me where Brian said one thing was accomplished and that yours or someone else's DD proved it to be false.

As far as sufficient PRs, that is a load of bs. Let's pretend that they PR that SYNJ has financing from Chase. Automatically people on this board would call Chase because no one would believe him.

You see, it does not matter if they post once a week, or once a year, the PRs are treated the same way by shareholders at this level.

Better to have it completed, with something to show to at least mitigate SOME of the calling/harrassing.

Now we just got to get news that the asbestos issue is/was being taken care of....

I understand nervousness even fear to some degree, but honestly, and I am not one to criticize anyone's investment approach, to dump now...could be one of those "if I could do it over again" moments....

I could be wrong......

The right kind of update could make our year or more.

Phase one: establish foundation via relationships, gameplan, etc.
Phase two: develop actual projects and begin generating results.
Phase three: demonstrate profitability, sustainability, growth potential
Phase four: become industry leader.

We are now in between phases one and two. The next pr has to demonstrate that fact by talking about actual projects (warehouse, denamis) and continued foundational activities (partnerships, governmental relationships).
If we learn about MEG, great, but I am more concerned to know that Mac is still onboard with synj/sre and that the company is growing.

You are talking to the wrong people. They live off of the minute changes which is why they must pump/bash.
They don't care either way about the truth of the company.

the number I saw on the Meg website is not that number....
They are in operation.

You used, I don't know what number that is, but per MEG website, the number is 410-385-5693

As I said, this is put up or shut up time for BCND. Rick stated he would be a hands on on president compared to Adam and he is. He even got certifications to oversee / perform asbestos issues. So it took time. Snow came, fine. Now the site is secure and cleaned up, paperwork is filed, so there are no reasons for delays. I would think they, who have done all the work, would want to see profits even more than we do.

IF they demo, then everything else they have talked about becomes revenue opportunities vs dreams or blah blah blah.....

I figure demo begins by April, sales in may, so 3-4 months for prs and momo get this stock running.

As I said, this is put up or shut up time for BCND. Rick stated he would be a hands on on president compared to Adam and he is. He even got certifications to oversee / perform asbestos issues. So it took time. Snow came, fine. Now the site is secure and cleaned up, paperwork is filed, so there are no reasons for delays. I would think they, who have done all the work, would want to see profits even more than we do.

IF they demo, then everything else they have talked about becomes revenue opportunities vs dreams or blah blah blah.....

I figure demo by April, sales in may, so 3-4 months for prs and momo get this stock running.

Last post of the day for me....
Tufan,
We need to learn more about a lot of things, to that you are a 100% correct. Not just the warehouse, but Brian also needs to provide some guidance regarding:
- Our role with MEG
- Our role with Energy City
- Our relationship with SCSCU
- How our % ownership of SRE really works (one could argue that he works for Mac in regards to SRE if SYNJ only has an 18% ownership)
- What customers do we have for Denami fuel?
- feel free to add more questions

There are many things we need to know...but any of these would be a good start....

The next PR should push us permanently away from these levels...

I agree that the State doesn't have to be on-site, but per BCND, the State wanted to visit but had to be postponed due to weather...so not sure what the deal is.