Sunergy, Inc. (fka SNEY)

[falon]

Austinvball you said:

Falon can you please back up your statement?

"For whatever reason SNEY backed off starting the export process.

There are legitimate reasons for doing so. "

Can you please point to where the company made this statement and listed their reasons?

First of all I never said the company made any specific statement.

I give my opinion based on what the company put in their press releases.


The company did state the following in the press release dated 05/06/2014:


Sunergy Market Activity Not a Reflection of Any Change in Corporate Operations or Fundamentals as Company Readies for Its First Export Parcels of Gold and Diamonds From Liberia and Sierra Leone


As was discussed in last week's Press release, "Once a substantial parcel of diamonds or gold is assembled for export, it has to be presented to the appropriate government agency, with documents of origin signed by local field officer and then it is certified as to origin and valued for payment of duties and export fees. Once these fees are paid, the parcels may be exported to wherever the owner wishes without further involvement of the local government." We expect to begin this export process within the next 30 days and the final results could take 60 to 90 days to size, sort cut and polish and distribute for sale.

As we stated in the April 25th Press Release, "Sunergy is now recovering both diamonds and gold on our Liberian dredge operations. Our Sierra Leone dredge operations have been redeployed to areas where they have immediate access to both gold and diamonds. Our Sierra Leone Wash Plant operation will also give us access to a large area from which we expect numerous diamonds. All valuable products are stored in safe deposit boxes at Rokel Bank in Freetown, Sierra Leone and Global Bank in Monrovia, Liberia.



I interpret the information in the press release just like it reads that SNEY expect to begin the export process. They also said they were storing (past tense) all valuable product in safe deposit boxes.



As far as the company backing off the export process:


It has not happen yet, however more notably is what SNEY stated in press releases.




Press Release Dated 06/09/2014

While everyone wants the Company to publish operating results so everyone may know exactly what is happening with operations, we have discovered that it is not a common practice to do so until such time as the export process is complete and the products have actually left the country for hopefully obvious reasons. It is also not prudent to export small parcels for a variety of reasons, namely excessive fees. We are not selling either gold or diamonds in either country, and this causes us to need to finance our operations more than we had planned. For this we again thank our shareholders. We are working on an in country financing package to finance purchases and operations pre export reporting to enable smooth continuous year round operations.



Press Release Dated June 17, 2014

"Our shareholders have been waiting patiently for an operations update, but we were not willing to release an update on operations until we had substantial results which would warrant an appropriate production/operation update.



Finally legitimate reasons for doing so:

The company has theirs.

If you really want know you have to call the company.