I know I probably sound like a broken record here but the CE is not relevant with this stock. It impacts small money and small retail players. Anyone that has a history with the market or large funds can care less about the CE. Educated traders and investors rely on their DD and not a goofy symbol by pinksheets.
SNEY is a non reporting company and that is the only issue. The CE was do to an old campaign and has no relevance anymore.
The company, I believe has chosen to use the CE to hide behind. If they were intelligent they would care less about it and focus on continued communications and transparency with the shareholder. In other words try to act like a real company.
To date managements inadequate control over information is 100% the reason the reason the stock has sunk down here. Not the CE or the late 10k. Every investor is here for the results of operations on a valuable concession. The 10K release is nice as a sign of internal progress but 99% of this investment is based on operations in Africa and not in Arizona.
This is why I continue to state both Parent and Miller need to be replaced in order for the company to succeed. They have proven time and again they are a failure here. Just because things progress does not overshadow the failures they continue to make. They should not have altered the custom dredges right out of the gate. They should have worked on cash flow positive to progress operations at a more rapid rate. The REE's are fantastic but the most difficult way to generate immediate funds for a company that has no money. DUMB DUMB DUMB.
I believe the large shareholders have about had it with the two of them and we will begin to see a very negative side from that if things do not turn. Allowing the stock to sink this low prior to warrant expiration dates with destroy their credibility in the investment community and will most likely lead to enormous downside pressure on the stock (50%+). No one is dumb enough to leave large money in the stock while watching them purposely destroy shareholder value and use the CE as their item to try to hide behind.
As I said I am not likely to be here for the new year since after October this stock will either recover heavily or plummet into the triple zeros. The warrant expiration will likely become the line in the sand for their lack of progress.
Lets hope a pump and dump newsletter chooses to play games in the stock soon. This could be our only hope if they don't get something happening prior to mid October.