Sunergy, Inc. (fka SNEY)

[falon]

If the company was pumping itself, they would paint a very favorable picture. They haven't done that. They just report the progress of their business plan. Whether it is good, bad or ugly. The company have made good progress in the past 3 months and although they have missed deadlines, they continue to move forward.

Good

While the company has been consistently late in different areas, they actually are ahead of schedule on ordering the gravity/wash plant per the project timing from the Executive Briefing.

Sunergy Purchases Processing Plant Equipment For Optimum Free Gold Recovery and Upgrading The Rare Earth Black Sand Concentrates
Date : 06/02/2011 @ 7:27AM

What will be interested to see is whether SNEY will stay ahead of schedule as to achieving 600 Tons per day processing by August 2011.


From SUNERGY EXECUTIVE BRIEFING
(dated November 23, 2010))

PROJECT
TIMING

Land Mining Equipment For set-¬-up February 2011

Commence 300 Tons per day processing by March 2011

Achieve 600 Tons per day processing by August 2011

Cash Flow from bulk sampling within three months of landing equipment



Full Production mining can commence as early as March 2011 When production volume should reach approximately 300 Tons per hour for each operation. This Should produce an annual gross return (‘au’ @ $1,000 Per ounce) of $10,000,000 To $15,000,000 Per project. Production Should ramp up to 600 Tph in each case within the first 6 months.

Sunergy Has several former producing mines and numerous Artisan Pits along the Offin River Which will be worked for the 60+% Of the gold left behind by the Artisans. With The Sierra Leone Acquisition moving into production, the combined operation will begin in Quarter 1 Of 2011 At an initial rate of 2,000 – 3,000 Ounces per month stabilizing
@ 3,000/month Over quarter 3 And 4 For the first year. Once stabilized, the Company Will add 1 gravity/wash plant during Quarter 3 And 4 In each of the next two years increasing production by 36,000 Ounces per year for each operation. The Company Anticipates growing annual production to over 100,000 oz/year which results in projected earnings of $20,000,000 -¬- $30,000,000 Per year using $1,000/ oz. gold price..

Bad

"The report contains information current right up to today's filing date as required by U.S. Generally Accepted Accounting Principles. This initial filing sets the stage for the 10-Q's for the year 2010 which will be finalized by the filing of our Form 10-K for the period ending December 31, 2010. This filing will be followed by our first 10-Q for 2011, which once filed will bring our financial reporting requirements into full compliance with the SEC and the Caveat Emptor status should be removed. We expect these filings to be completed one at a time over the next few weeks. As soon as we are compliant in our financial filings, management is committed to reapply for relisting on the OTCBB and to remain current in its filing requirements insuring shareholders a higher level of transparency.

Ugly

Sunergy, Inc (the "Company") (OTCBB: SNEY) (PINKSHEETS: SNEY) today announces that on December 13, 2010 the Company received the following email from Pink OTC Markets:

"Dear Sunergy, Pink OTC Markets has become aware of a Promotion regarding your security, Sunergy, Inc. (SNEY). It is Pink OTC Markets policy to block the display of quotations on otcmarkets.com for non-Current issuers and label the company with our Caveat Emptor symbol. The Caveat Emptor can be removed by complying with the following: For SEC Filers -- Caveat Emptor will be removed if the company is current in their filings. For Non-SEC Filers -- Caveat Emptor will be removed if the company publishes the following using the OTC Disclosure and News Service: 1. An Initial Company Information and Disclosure Statement, pursuant to Section One of Guidelines for Providing Adequate Current Information 2. An Attorney Letter, pursuant to Pink OTC Markets Guidelines for Attorney Letters with Respect to Adequate Current Information that includes Exhibit B (Item 14 & 15). If you have any questions regarding this policy, please do not hesitate to contact us. Regards, Issuer Services Pink OTC Markets Inc."

In the interest of transparency the Company wishes to share this communication to clarify the situation in an open handed manner. Many shareholders have expressed fears of delisting and other actions and as all can see, that is not one of the options. The Company's PR dated December 14, 2010 is restated in part as follows: "Its Board of Directors has resolved to commence reporting on the Pink Sheets and has undertaken to complete and file its 10K for December 31, 2009 and the 10Q's for 2010 along with The 10K for December 31, 2010. Once all filings are complete, the Company will re-apply to list on the OTCBB. By way of explanation, Sunergy failed to file its 10K for December 31, 2009 in a timely manner because of a $40,000 debt with its auditor BDO in Vancouver, Canada. The Company was then downgraded to the Pink Sheets for a period of 1 year as of April 30, 2010. That debt was settled in August 2010 and the Company is in the process of completing its financial statements with the help of a new audit firm and a new accounting firm in the US. The Company is eligible to return to the OTCBB as of May 2011. In the interim, the Company will begin the reporting process with the Pink Sheets immediately to ensure a better level of transparency.

"Apparently, the Company has been deemed to have a promotion underway by the Pink Sheets organization because of some third party piece of PR information published recently. For the record, the Company has no IR/PR program underway and is not aware of any third party acting on behalf of the Company. Recent press releases have disclosed legitimate and ongoing corporate activities only and are not part of any promotion activities."

The Company urges investors to visit www.sunergygold.com to study the Projects, Corporate Reports and any other due diligence they require before investing in the Company's stock. Investors are also cautioned that message boards are not places that have any official corporate information and should not be relied upon as a source of due diligence, but rather are places where opinions, often colored with agendas, are published.

P.K. Medhi, Chairman of the Board of Directors, says: "We have always preferred transparency and have always been a reporting Company. Last year our financials were delayed because of accumulated debt which has now been handled. In fact, we were able to retire all our outstanding debt last year and are poised now to put all our financial assets to work to advance our substantial mining projects to early cash flow. We look forward to publishing our financials and to return to a transparent format. We believe that our shareholders will be pleased with our 2011 performance."