Sunergy, Inc. (fka SNEY)

[kagey1]

At least short term it looks like some people have gotten scared and decided to bail out. If the 8K provides that the debt can be repaid without the warrants being exercised then this was a good thing to get cash flow sufficient to fund operations. If they were out of cash and the only other option was to not operate at all, then they really didn't have a choice and the price would have nose dived a lot further ultimately. I think this was just an unavoidable option and the issue price was probably at the highest level that they could negotiate and get the $ they need.