Sunergy, Inc. (fka SNEY)

[mikeymgd]

Add to that the biggest of all the negatives. The stock is way overvalued. The stock can go to .003 or lower and not be undervalued at the current time.

1.5b x 0065 = 9.75m market cap. Not counting the fully diluted since if things continue at this rate than in 12 months the warrants will be worthless.

With nearly no assets and likely little cash left, the company has nearly no value outside of it concession license. Now with 0 information as to whether the concession truly holds profitable portions of material, the company is only really worth a couple million at best.

As you stated its a lotto play. If they can prove there is a real company behind the disaster they created than we can reevaluate the price. Till than we are technically over priced.

0 known revenue
0 known income
150k in known assets
700k cash 6 months ago (I am sure its dramatically less)
lots of delays and cash outflows
appearances of an incompetent management team
the shining star.....license value of the two concessions.

Hard to see why this equals nearly 10m in value.

For what its worth I am not saying the stock will go to .003 or lower but rather this is not an undervalued play. We still have a large premium to value priced in. I just find it hard to quantify peoples thoughts about buying this stock at such a lofty price based on history and assets.