Xynergy Corporation (XYNH)

[mAjOr dAmAgE]

I talked to people at the target, Rich Corp. in Nicaragua. I reviewed another company's SEC filings related to the Xynergy pump which, although they didn't mention any names, warned about the valuations. I then contacted the people in Nicaragua and learned that they never had more than a coffee chat. No offer. No numbers. No proposal. No LOI. No deposit. No escrow. But if you read Xynergy's PR it sounds like a done deal.