Susglobal Energy Corp (SNRG)

[synaphai]

Still waiting on the 10K.

Marc has until the end of May 16 to file and preserve OTCQB status. Last year he got it filed just before the deadline to keep from dropping down to the pink sheets.

The next court date for the $2.6 million CAD suit brought by the Hamilton contractor is 6/18. I'm sure the hope is that the Hamilton properties will sell before then but it's still on the market, likely because Marc is asking too much for it. He needs a ton of cash to cover past due bills as well as to get Belleville operational again.

If the properties don't sell the contractor may take possession of the Hamilton parcel with the building on it, or the trial date could be extended again to give Susglobal more time to potentially find a buyer. All the while interest payments are accruing on $9 million USD of past due mortgages.

What's really bad is that the Belleville property was used as collateral on a $4.2 million USD mortgage that went past due in June 2024 so there's the potential of losing Belleville too. If Marc has one elite skill it's finding ways to stave off creditors as long as possible but time will eventually run out if he can't find a bunch of money.

I'm sure the 10K will be very ugly, we'll see if it gives us anything new. The Q1 10Q will be due on the 16th as well but I expect that to be delayed too. Last year it wasn't filed until the first week in June.