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We are in accord. The best part of roulette is waiting to see where that little ball stops.
You paint a pretty sleazy picture of Sunergy here Risk that I for one am not buying. I do however find your last sentence interesting.
"But, if I ever get a blank check shell and endeavor into " a business " I will certainly follow their lead."
I think this sentence probably says a lot more about you than it does about Sunergy.
"Sney doing whatever it takes."
Can't win unless we stay in the game and we're still in it Bali.
"My point is that I could understand the acceptance of horrible financing terms in order to bring a very valuable find to market. I cannot understand the acceptance of horrible financing terms in order to tread water for another 12 months."
The aim is not to tread water for another twelve months. The aim is to stay in business and turn things around which is what Mr. Hale is attempting to do. Don't know about others but I like people who don't give up.
Amen to that
Interesting information. A good explanation as to why some invest so much time here. Thanks for sharing.
My oh my. Looks to be shaping up to be a pretty nice day here. GLTA
A-one advice Bali. Did I miss something? I don't see where any big blocks were sold today. I think you're right, good things to come.
"Like I said a hundred times...PRs don't matter anymore, it's the TANGIBLE FACTS that are FILED WITH THE SEC that matter."
Interesting. Kind of parallels my thinking on your SLANDEROUS allegations, and that's all that they are, of illegal insider trading by sney. And before you dispute that, may I refer you to post# 90806 where you said; "The company doesn't need to file sht. They have a regular practice of writing shares to themselves and selling after restriction." Where is your proof? As you say, "It's the tangible facts that are filed with the SEC that matter." In my eyes it's Risk's and your credibility and motives that are in question, not Sney's. That's it. I'm done.
You're welcome. When I have something worthwhile to say I will post it. Till then it's back to obscurity for me.
Thanks Rox. Don't do a whole lot of posting as a rule but am getting tired of the bottom feeders messing with my investment er.....gamble.:) Mr. Hale answers the phone and returns calls when he can't. At least he always has with me. That leads to another question for some to ponder: If the bashers are sincere in their criticism and insist on devoting so much time here why do they never invest a few minutes to call someone like Hale? What is their motive in that? I've come to my conclusion. I'll leave others to theirs. GLTA and get them while they're cheep.
Actually, I will. Just had another conversation with Mr. Hale and it boils down to this: If you don't see it in the financials or on Edgar, it didn't happen. For instance the $20,000 of debt owed to Mr. Hale by the company that he was going to convert into shares back in July never happened. He changed his mind and decided to just let it ride. The share dumping that's been going on lately is Asher still getting rid of their shares. It's not sney insiders. Now if other shareholders wrap their brain around this for awhile they just might come to a conclusion about why there is so much bashing going on at this time. A little doubt and uncertainty might just take the price down a little further don't you agree? Incidentally, not that I ever would, but I'm glad I'm not one of the aforementioned bashers. As Risk would say; "Just sayin":)
I'm satisfied that it is. I also called the SEC yesterday and was told they have a staff that is dedicated to looking for red flags
which indicate insider selling without filing the proper forms and other offenses. It would seem to me that the risk would outweigh the reward.
"While we see NO FORM 4s EVER FILED for share liquidations by insiders. Are we to believe that ever single " insider" from from 4 years ago still has their shares?"
Sometimes the most obvious answer is the hardest to accept for some.
Just got off the phone with Mr. Hale and the answer to your question seems to be yes. Care to call him? 1-707-255-5836
"Never said cos were NOT required by SEC to file if an current insider sells. I just have NOT SEEN ANY for SNEY. But to say " no one has sold", is a myth. I haven't seen a form 4 w the " exit " box ckd , for any official current or past . But, then again there is a lot of details OTC cos , including SNEY, tend to overlook."
And what were you implying when you said: "But to say "no one has sold", is a myth? Or that last sentence?
Sorry, but I'm not buying what you're trying to sell. I will, however, do a little more digging into this when I get the time. For now I've got things I've got to get done in my real life ;)
My goodness! On one hand you're saying that sney insiders are getting away with dumping shares without filing the required form fours without the SEC doing anything and now the SEC is going to be Johnny on the spot and suspend Sney for outlandish PR's. Either the SEC is doing it's job or it's not. Which is it Risk? Sounds to me like it might be whatever suits your scenario.
"Never said cos were NOT required by SEC to file if an current insider sells. I just have NOT SEEN ANY for SNEY. But to say " no one has sold", is a myth. I haven't seen a form 4 w the " exit " box ckd , for any official current or past . But, then again there is a lot of details OTC cos , including SNEY, tend to overlook."
Admittedly I'm not as sophisticated at investing as you and others seem to be so help me to get this straight. According to you and Austin Sney is intentionally and flagrantly violating the securities and exchange act of 1934 and no one at the SEC is taking them to task for it. They are totally oblivious to what Sney is doing. Have I got that right?
If it were me, I don't think I would want to run afoul of the SEC but then I guess that's just me.
http://www.sec.gov/answers/form345.htm
Unless I'm reading this wrong, I see nothing that excludes SNEY's
officers from the requirement to file a form 4.
We would probably see more action if this PR was here on the I hub news. It's also not showing up on E trade where I have my account.
https://news.vice.com/article/in-photos-fighting-ebola-in-the-slums-of-monrovia
Unless I'm mistaken any diamonds found in Liberia would be exported from Monrovia, the capital, would they not? If I were them I would be doing what I could on their mining sites and staying away from Monrovia.
Exactly.
" It has now been 7 months going back to April when SNEY announced they were NOW AT THAT MOMENT operating in the river as a going gold recovery concern. And, they still have not been able to ship out even one package. GEEEEEEEEEEEEEEEEEEEEZ !!!"
And of course the Ebola problem would have absolutely nothing to do with that, would it?
You got it. A truthful post that hit too close to home I think.
Only kidding Bali.
"as well as simply out of contempt."
Lol It takes all kinds I guess.
What would happen if someone made multiple trades like that? Could shake some nervous nellies out of the trees and increase a buyers opportunity. Just trying to wrap my mind around a logical motive. It would have to be someone looking for a lot of shares to make it worth the trouble.
That's what I'm thinking. Someone want's more cheaper. Is that you Bali? lol
$20.00 downside paint job at the end.
"First, we would like to acknowledge the diligent and responsible efforts of our crews working in Liberia and Sierra Leone. They are working despite the Ebola infected communities and the torrential rains, while staying safe. We want to acknowledge the difficulties during these trying times as our crews continue to give their time and diligence for the full support of our operations. We have prepared our equipment and pits in Sierra Leone and Liberia, ready for full operations when the heavy rains diminish.We want to be clear that operations are limited or at rest during these heavy rains. In October, we should be able to move back toward full throttle on our mining operations. Administration efforts that support our operations are in full effect and are also supporting our local communities with food and water while Ebola is still active."
Until they start full operations again there is probably not much more they could say beyond what they have already said here in their Sept. 2nd. Pr.
I think everyone's just waiting to see what October and the end of the rainy season brings.
Another green day and we're still in the game. Is everybody HAPPY?
Interesting theory,
"Personally I think these new appointments came w some reservation from La Boca. I think he was forced into the appointments. Perhaps very large SH whom saw him spending their value profligate via the AS. Note one was an ATTY. Maybe it was " you appoint us so we can put a check on what money s going where and what shares are being sold, or there may be consequences." Lot of maybe there, but if I held a chit load of shares here based on the sweet sales swoon of La Boca and sw he was decimating the value of said through more and more dilution, I would probably want some ck on it as well."
You don't suppose Mr. Hale became CEO in much the same way after the 2012 operating funds were used to become current do you? This could be just a continuation of the change that started way back then. Time will tell. We all have our theories. ;)
Bottom line is we either trust that Mr. Hale and Mr. Price are running things with the interests of shareholders in mind or we don't. I'm with you r2. Isn't it interesting that we don't feel the need to constantly try to pound home our position but those with no vested interest in the company do.
Hale further states, "After discussions with Sunergy Advisors, I have elected to convert $20,000 of debt owed to me by the Company, predominantly from funds that I have directly invested for administrative and operations costs, for units priced at $0.0040, comprised of one restricted common share and one share purchase warrant @ $0.0055 exercisable for one year. Given what I know and the confidence I have in our teams in Sierra Leone, Liberia and The Gambia, I believe this is a prudent investment for me at this time."
My theory is that for whatever reason they became uncomfortable holding the stock and sold, probably at a loss. Now, again for whatever reason, they are not exactly comfortable with the choice they made and are seeking validation for it. For some, being right is it's own reward else, as you say, why spend time on a board you have no further interest in? For me it's simply risk/reward. Money's on the table waiting to see what happens....soon. GLTUA
After the 2012 operating season money got spent to become current and later Garrett became CEO I imagined to myself a conversation between him and the former CEO that could have gone like this;
Garrett: "Well you sure mucked that up and wasted a lot of our money!!."
Former CEO: "Do you think you can do any better?"
Garrett: "How the hell could I do any worse?"
I've talked to him in the past and I also believe he is a man of integrity. I'm betting on him and my shares are staying firmly in my hands. Win, lose or draw I believe he is doing his best to make Sunergy a success.
As they say in today's parlance, "You da man!!!"
I'm assuming you've talked to Hale or someone in the company as to the health of our crews. Thanks for a nice positive post.
And the quietest.
Got to give you credit for admitting that you have no shares. The thought does occur, however, that a guy with your following could conceivably talk this down to the trip zero area before the next dredging season. Sure be a good entry point.