Susglobal Energy Corp (SNRG)

[synaphai]

You probably saw that Marc bought $120k worth of shares in a recent placement, which seems to have been to help pay the accountant bills for the 10K and 10Q.

So the plan now is to hopefully sell the Hamilton properties for at least the $9 million in mortgages owed, which seems to me could be possible but I wouldn't be surprised if it sold for a little less given the purchase price of the 2nd lot last year, the price per acre of other empty land in the area and the fact that the building is just a shell with some missing sides. Plus there's at least $8 million in pressing current debt listed in the 10Q in addition to the mortgages.

They could raise the authorized share amount to allow for more dilution with no problem given that Marc controls a majority of the shares so no shareholders' meeting and vote is needed but who is going to buy millions of dollars worth of shares considering the company's track record and of course Marc hates dilution, probably even more now that he owns around 20% of shares out.

Now he's left with just Belleville and will still need tens of millions of dollars to finance an RNG facility there. I'm sure he's got some kind of scheme but we've seen how successfully his schemes have worked out in the past.