SunergyInc. continues to retain the accumulating debt, as reported in the third quarter 2015 10Q filing, with exception of settling thirdparty institutional lending, in addition Sunergy, Inc. would incur substantial additional debt related to the auditing cost whichwould be incurred for bringing all past quarters and annual filings up-to-date.
Sincethe last quarterly filings/Annual filings, 2015, Sunergy has not had cash flow or funding available for continued operations ormining Consulting. Garrett Hale, CEO and President of Sunergy Inc, has continued to loan Sunergy the funds to deploy, relocate,repair and operate Diamond exploration equipment, under a management for profit agreement, and to oversee and fund local laborto procure current gravel in Sierra Leone, that show to be diamond-producing, but to date not yet of sufficient value to covercosts of operations. Garrett Hale has already funded operations moving forward, sufficient to continue washing the remaining halfof accumulated gravels for the next two to three weeks. This will complete washing the gravels obtained from the exploration workwhich began March 2018 and was continued from exploration in 2017.We can only speculate that, based on current findings, therewill continue to be Diamond production from the gravels, without knowing the actual values ahead. We are hopeful that the gravelswill become more productive and potentially cover the current management costs to date. In addition to substantial prior loans,Garrett Hale has lent Sunergy, Inc. in excess of $180,000, since beginning of management of the current Sierra Leone project in 2017.
THE ABOVE STATEMENTS ARE ONLY OPINIONS OF A FUTURE BEACH BUM.
DON'T INVEST BASED ON THE OPINIONS OR RAMBLINGS OF ANY BEACH BUM WANNA BE.
