Sunrise Consulting Group Inc (SNRS)

[nodummy]

Authorized share count raised again today (guess this was your big news for the end of the week)

Previous Authorized share count = 30,500,000,000

New Authorized share count = 34,000,000,000

http://nvsos.gov/sosentitysearch/corpActions.aspx?lx8nvq=ozmz0%252bgcPSpPjbArg8yckA%253d%253d&CorpName=SUNRISE+CONSULTING+GROUP%2c+INC.

Some of my previous posts about this company:

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=59778854

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=60078246

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=62695091

Sunrise Consulting Group Inc (SNRS) has raised their Authorized share count 5 times over the past 4 months for a total of 14,000,000,000 (that's billion) new shares.

At least 13,500,000,000 new shares have been dumped into the market over the past 4 months.

Why is this company dumping billions upon billions of shares into the market?


The limited filings available help us out a little bit with that question:

In December 2010, we issued a total of 425,000,000 shares of our common stock to one non-affiliate in exchange for $15,000. The issuances were exempt from registration pursuant to Regulation D and Rule 504 of the Securities Act of 1933, and each of the investors was either accredited or sophisticated and familiar with our operations.

That's around $.000035/share. If the unnamed person getting these super discounted shares sells them at $.0001 they will make $42,500.


The filings also say this:

During the year ended December 31, 2010, the Company issued 3,325,000,000 shares for $160,000 cash to third parties.

That's an average cost of $.000048/share

If those 3,325,000,000 shares are sold into the market at $.0001 they will fetch $332,500 cash


The filings also say this:

The Company had a convertible loan payable of $30,000 which was non-interest bearing and due on demand. The note was convertible into free trading shares of common stock of the Company at a conversion rate of $0.00005. As of January 26, 2010, the note holder demanded settlement of the note. The Company resolved to issue shares to the note holder at the rate of $0.00005 per share as settlement of the debt. The shares have not been issued as of December 31, 2010 and have been recorded as shares to be issued in the accompanying consolidated financial statements.

So to cover that $30,000 convertible debt note at $.00005/share it would require 1,500,000,000 shares.


The filings shows where SNRS has issued billions of shares in the past in exchange for services.

In August 2009, we issued a total of 2,000,000,000 shares of our common stock to one non-affiliate in exchange for services rendered.

The year end financials showed that they accumulated $915,850 in unpaid expenses for 2010.

At the super discounted rate of $.00005/share or less which they often use when issuing shares for services or shares to investors it would require 18,317,000,000 shares to cover those $915,850 in accumulated unpaid expenses.


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Why should the company care if the stock is trading at $.0001/share when everybody they issue shares to gets those shares at $.00005/share or less? They can still make a profit even if the stock is trading at $.0001. It is only the regular shareholders that suffer.


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I think we have an idea why this stock has been pumped with 20 press releases in the past 68 trading days.

A company with no cash and no revenues can only cover expenses and services by issuing shares. And a company that makes arrangements to issue shares at $.00005/share or less needs to issue billions upon billions of shares in order to keep up with those salaries and other expenses. The ones that get hurt are the shareholders of the company especially when fluff PR after fluff PR is issued so that buyers can be found for those billion and billions of shares being issued and then sold into the market.

A company with a float of around 28 - 29 billion and rising by around 4 billion/month is not going to come off of no bid without a reverse split.


I don't know how much management has changed from in the past, but I took the time a while back to go through some of the past press releases before this more recent 3 months promotional blitz used for the dumping of billions and billions of shares and I came up with the following post:

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=59742482

Based on the history of Press Releases not coming true I'd have to say I'm very surprised so many people were willing to bet their hard earned money on the press releases used in this 3 month dump fest being any more accurate.