Solar Energy Initiatives Inc (SNRY)

[Bucks4Buckeyes]

Thanks for the question HANDYHINTZ. I think the general rule of thumb you give is correct for most penny stocks - they all find a lower bottom than their pre-split condition. The problem for that is, IMO, that they only address their pps, not their fundamentals.

However, when you add the dynamic of a reverse merger into the mix, everything depends on the strength of the new company, its management, product, etc.

But, like BOOGIEBNOODLE (love it!) and SNIZZLE already pointed out, all bets are off with a R/M added to the mix.

YES, I have one example which I have seen. Unfortunately, I didn't get in BEFORE the R/M, but I got in afterward when I saw the new company and its product.

CHYM announced R/M on June 7 (they were actually sub-penny) and they ran to over .03 (trying to go from memory) on an absolutely unknown and brand-new company. They built their website, added extremely competent management and in OCT did a name change, ticker change and 1:110 reverse split. They were also basically non-tradeable for 20 calendar days, as well.



While volume has not been achieved yet, they are just getting ready to sell their amazing technology and I am convinced they will be on a larger exchange this year. Pre-split price before R/M was > $1, they have not dropped below that R/M price. [They have a big presentation today at the United States Trade and Development Agency today in Arlington, VA to (among others) Chinese government officials.] These guys were unknown when the R/M happened and within months did their own R/S.

So, a strong company coming into a company which has already 'survived' a R/S with a float of 5.6m......!!!!!!!!!!!!!!!!! As far as sustainability - it all depends who the "new tenants" of SNRY will be.

All The Best