Sonoro Energy Ltd (SNV)

[InterestedParty99]

The fact they were able to sell additional shares tells me the .25 cent price wasn't asking enough.  If we only needed enough cash to last until the Iraq government rubber stamped our agreement, this was unnecessary dilution.

The fact they are issuing additional shares tells me it is difficult to borrow on favorable terms if you don't have cash flow or an oil discovery.  Borrowing tens of millions of dollars against a contract issued by a high risk country/province rarely (if ever) happens.  Think about it, besides a tbd generator in Albania, and the cash we just raised, what do we have?  A promise the technology works?  SonAsh?  Potential customers once the technology is proven?  Exploration rights in a high risk country?

In previous posts I said we need cash flow to make this endeavor work...  I've changed my mind.  IMO, We have this last chance with the funds raised to find oil in Iraq.  If we are successful, the loans will come and money will be made.  If we don't find oil with the money we just raised, this company is toast.  Full stop.

I like the gamble.  IMO it all comes down to what the company can find with the pp cash raised.  I would imagine the stock price will start to reflect the risks associated with this approach.

IMO Albania success would only register as a blip on stock price.  We are banking on exploration to get us to the next level.