To be fair the 10K would have no effect on incarceration. It would be just another document falsified if that is what is going on. The DOJ would not require a 10K to change whether they file charges. PR's falsified would carry the same wait as a 10K. The only difference would be based on accounting but SNEY has 0 revenue and 0 profit in 2010 so whats to falsify in the 10K?
I personally feel the delay is do to lack of actual operations. They sell the thought that no updates on operations till the financials are out to the fools that listen. This is why the financials are not out. Not concerned over falsified 10K's but rather a lack of true operations. At least that is what I think is becoming crystal clear.
I would love to know if anyone can point out another stock that has every with-held good updates from the shareholders for 6+ months on end. I believe you will see no one can name one since it never happens. As you said you hide bad information not good.
Its becoming increasingly obvious that there are huge problems with SNEY and I feel Parent and Medhi are setting up Marshal as the patsy for it. The OS is climbing and climbing and outside of a video there is no proof any operations are actually occurring. For those that can call SL and have people checking in, hats off to you but just because there is a dredge in the water does not mean there is anything of true substance coming out. The OS has climbed every months so to date the company is clearly cash flow negative. I would not have thought it takes 6+ months to get gold from dredging but it appears SNEY is taking that long. The assay and NI report made it look like the concession was rather fruitful. I guess even the geologist got that one wrong or we have as I stated previously, inept management here.
Money says the OS will reach near 3b fully diluted before the curtain is open and we see the ugly truth.
If SNEY was honestly moving full steam ahead and operations were in fact chugging along good, PR's would be flying. There is no sensible argument to go against that. Some feel they are purposely misleading shareholders for personal gain, or are doing so because the SEC would investigate it since the CE, or yet even dumber are those that say shareholders wouldn't believe it while the CE is in place. None have a reality in this world but rather idiotic excuses for managements failures. No insider purposely makes his company look like a scam for fun. They make their company look like a scam because they have no way to prove otherwise.
The reality is that everyone on this board knows how bad things are looking but defend the company based on pride. No one wants to admit they screwed up and this investment is looking very bad.
I will once again try to get an OS update. I hope we have not exceed 2.2b fully diluted but would not be surprised. I will post what I find.
Sorry Scuba but without a 10 for 1 reverse split .12 is pretty impossible for SNEY.
Disclaimer IMHO
