Susglobal Energy Corp (SNRG)

[synaphai]

Thanks for the info. I was just watching the Colliers website which I guess has not been updated as the listing is still shown.

In addition to being almost twice the size, the property adjacent to Susglobal Hamilton does have 3 finished buildings currently occupied by commercial tenants so that adds value compared with the dilapidated state of Marc's building. If Susglobal could sell its combined properties for $10 million, that would be a big win in my opinion but it's also important to remember that price is in CAD and Susglobal's debt is primarily reported in USD and was well over $10 million USD as of the last 10Q when lawsuits are figured in, not including notes in default.

I never doubt that Marc is working hard and he never runs out of new schemes but the debt can't linger forever and the vast majority of it is way past due at this point. We'll see what the 10k has to say in a couple of days. So far the plan has been Oak Hill, green bonds and selling Hamilton but nothing has brought in cash to at least pay down a good portion of debt yet. Maybe he can still leverage the offtake agreement to raise money but that agreement has been in place for a year and a half and hasn't proved to be worthy collateral so far. It's fine to have plans but they don't matter if you can't execute on them.