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Re: wshaw14 post# 11650

Tuesday, 12/21/2010 1:42:05 PM

Tuesday, December 21, 2010 1:42:05 PM

Post# of 101798
wshaw14, to be fair, I believe those were also restricted for 6 months, and you had to purchase a minimum of $5,000 worth...unless I'm mistaken. Because I had asked about purchasing the "discounted" shares as well, and that's what I was told. Please correct me if I'm wrong.

IMO, that's a pretty substantial commitment for a penny stock, considering the relative risk. In which case, I can understand offering shares at a discount, especially if I'm going to have any amount of money "locked in" to a penny stock for 6 months. A lot can happen in "penny land."

In any event, I believe SNEY has a lot of potential. Honestly, I'm not too thrilled with their current PS status, but if the company was sincere in the last two PRs, we should be seeing several filings in the relatively near future.
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