Sunrise Consulting Group Inc (SNRS)

[LeGoose]

Interesting read:


On May 26th, 2010, I came across the above mentioned stock. At the time, the stock was currently trading between $0.0002 and 0.0003

On that date, the company PRed that they had received an unsolicited offer to purchase all outstanding shares of SNRS for 0.003/share. That's some premium. Per the Nevada SOS, the company has 14Billion shares authorized as of May 26th. The company was deliquent in their filings at this time, and I'm not sure what the O/S was.

On May 27th, 2010, SNRS PRed that they had received a counter off for 0.004/share from the un-named company.

On May 28th, 2010, Pinksheets.com downgraded them to "Caveat Emptor"

On June 3rd, 2010, the Nevada SOS reported that they increased their A/S from 14Billion to 18Billion (kind of strange that they would make room for an O/S increase in the middle of buyout negotiations)

On June 3rd, 2010, SNRS PRed that they received a second counter offer for .005/share. The disclosed the name of the buyer: Nourtech S.a.r.l. No public information could be found related to this company name (at least I couldn't find any).

On June 6th, SNRS casually issued a PR entitled "Sunrise Consulting Group, Inc. Pursues New Solar Ventures". Within the body of this PR, SNRS stated that they had withdrew their offer to sell the company. That was the last time the company mentioned the purchase offer.

In my opinion, SNRS fabricated this purchase offer in order to dump a mass amount of shares into the market. One would assume that the company and its insiders would not be selling shares on the open market between 5/26/2010 and 6/6/2010 at 0.0003 when they have a tender offer on the table for 0.005. Perhaps a quick subpoena or two by the SEC could easily make this determination.