Synrgy Corp. (SNGY)

[billy28227047]

Looking into the filings a bit, some things pop out.

Note #1: The following "contact" info was on the filing.
Disclosure Statement Pursuant to the Pink Basic Disclosure Guidelines
SYNRGY CORP.
108 Western Maryland Parkway - Hagerstown, MD 21740
[phone]
www.synrgycorp.com
[e-mail]
SIC Code: 7371

Note #2: The website above is actually online, But clearly a cookie cutter starter site with no real info. Not even contact info.

Note #3: The address listed does not make sense as the building/address is under receiver sale due to Jeff/B&D's financial issues.

https://www.loopnet.com/Listing/108-Western-Maryland-Pky-Hagerstown-MD/18898813/



Note #4: The phone number lines up with Jeff's number from previous filings and news articles.

https://www.globenewswire.com/news-release/2019/01/24/1705258/0/en/Yaboo-Inc-YBIN-Announces-That-Jeff-Bearden-Has-Been-Appointed-as-Officer-and-Director-of-Yaboo.html

Note #5: Confirmation of Acembly with SNGY. But is SNGY being built out as a holding firm? Or is still waiting to do a reverse merger at a later date with Acembly?

"On June 25, 2020, the Company acquired control on Acembly, Inc., becoming a company's subsidiary."

Note #6: Share structure.

Total shares authorized: 500,000,000 as of date: 06/30/2021
Total shares outstanding: 107,478,000 as of date: 06/30/2021
Number of shares in the Public Float2: 20,224 as of date: 06/30/2021
Total number of shareholders of record: 76 as of date: 06/30/2021

Note #7: Current liabilities: $662,483 and Total liabilities and shareholders’ equity (deficit) $5,079,014

Note #8: Shares pending 4,950,000

Note #9: Common Stock 500,000,000 authorized at par value $0.001, issued and outstanding 107,478,000 and 107,478,000 as of June 30, 2021, and December 31, 2020, respectively

Note #10: "The total number of shares of all classes which the Corporation has authority to issue is 600,000,000 of which 500,000,000 shares shall be designated as "Common Stock" with a par value of $0.001 per share, and 100,000,000 shares shall be designated as Preferred Stock" with a par value of $0.001 per share."

Note #11: Section 1: Designation, Amount and Par Value.: This series of preferred stock shall be designated as this Corporation’s Series A Preferred Stock (the “Series A Stock”) and the number of shares so designated shall be up to 30,000,000. Each share of Series A Preferred Stock shall have a par value of $.001 per share and a stated value equal to $.001.
Section 2: Dividends: The Holders of outstanding Series A Preferred Stock shall be entitled to receive 20 times the dividends per share for Series A Stock as are paid for each share of the Corporation’s common stock.

Note #12: "The Company has no Property and equipment as of June 30, 2021"

Note #13: Accounts Payable
Patrick Kennedy 2 payments of $75,000 (second payment due 06/30/22)
Michael Asadoorian 2 payments of $25,000 (second payment due 06/30/22)

Note #14: Related Parties Loans (none of these have been paid back from SNGY yet). How does the B&D Consulting loans work with the PPP investigation against Jeff?

Jeff Bearden loaned $388,833 on 06/25/20.
B&D Consulting loaned $42,650 on 07/31/20
B&D Consulting additionally loaned $31,000 on 08/31/20
Synrgy Corp loaned $25,105 on 01/08/21

Note #15: "The Company had $ 0 and $108,996 revenues for the periods ended on June 30, 2021, and December 31, 2020"

Note #16: EQUITY.

On March 1, 2018, the Company issued 20 shares of common stock to Goldman Sachs Execution.
On March 2, 2018, the Company issued 2,980 to TD Ameritrade Clearing, Inc.
On March 13, 2018, the Company issued 10 shares of common stock to Merrill Lynch Pierce Fenner.
On March 16, 2018, the Company issued 990 shares of common stock to Merrill Lynch Pierce Fenner.
On March 27, 2019, the Company issued 60,000,000 shares to Jeffrey Bearden due to the Common Stock Purchase Agreement between Jeffrey Bearden and Tourmeline Ventures, LLC., executed on December 26, 2018 (last signature dated in the agreement)
On November 4, 2019, the Company had a Directors Consent in Lieu of Meeting for the Board of Director of Synrgy Corp., where Mr. Jeffrey Bearden acquired 19,000,000 shares of common stock at a par value of $0.001 and 10,000,000 shares Class A Preferred Stock at par value of $0.001. None of both shares were recorded as issued and outstanding, based on the Transfer Agent delivered records.

Note #17: "Synrgy Corp. purchased all of the shares of Acembly, Inc., a California corporation, via a Stock Purchase Agreement dated June 25, 2020

Note #18: "On or about August 13, 2020 Synrgy, Inc. and Acembly, Inc. filed for Chapter 11 bankruptcy protection in the bankruptcy court for the Central District of California, in the matters of In re: Acembly, Inc., Central District of California Case No.: 2:21-bk-16465-WB and In re: Synrgy Corp. Central istrict of California Case No.: 2:21-bk-16469-WB. Both bankruptcy filings will be jointly administered with Case No.: 2:21-bk-16465-WB as the lead case."

Note #19: Apparently Going after old owner of Acembly.

"It has also come to light that Synrgy and/or Acembly may have causes of action to assert against certain of the Plaintiffs in the District Court Litigation for unauthorized expenditure of company funds, among other things."

Note #20: Jeffrey Bearden Director residing in Hagerstown, MD owns 60,000,000 Common Restricted share which gives him 55.83% ownership of synrgy.

Note #21: And of course, there is a lot of text on the Acembly court case peppered throughout the filings.