PINK SHEETS FILLING ON 03/17/10
SYNJ Will greatly benefit from MEG.
In December, 2009 the board proposed resolutions charging McCutheon Marshall Jr. the
President of Sentinel Renewable Energies S.C. Inc. / Pinnacle Energy Inc., the
company’s subsidiaries, with the task of launching Marshall Energy Group LLC.,
(MEG). The Company is to operate as a non-affiliated political consulting firm designed
to cultivate national and international alternative energy projects. The Board recognized
that the relationships fostered by this endeavor would be politically sensitive in the
extreme. The Board further acknowledged that the Company had now evolved beyond its
development stage activities and was engaged in the process of purchasing assets and
moving toward revenue generation. However, the market had not yet bestowed such
recognition upon us. To complicate matters further, prudence demanded that we delay for
a short period, our decision to commit to our original warehouse site until we complete a
comprehensive analysis of an 11th hour offer by the State of South Carolina regarding an
alternative warehouse. Therefore, in our opinion, benchmark achievements having the
potential to positively alter the public perception and stock valuation of the Company
have not yet been realized nor reflected in our stock price. As such, until decisions on
these developments are publicly disclosed and the market has the opportunity to adjust to
more favorable valuations, the Board decided that the efforts of Mr. Marshall Jr. would
better serve the Company if he remained at his position with SRE S.C. / Pinnacle but,
operated MEG independently. It was therefore determined that MEG, for lack of a better
description, would operate as a non-affiliated sister company with the primary directive
of (i) identifying projects and initiating embryonic development programs and (ii)
advancing them up the line to a capital structure and financing phase. At that point
Syndication Inc. would then be engaged to execute those capital structure and financing
initiatives.
can you put this on a sticky.
