I don't know who bought in to SNRY and why. I never tell ANYONE to buy or sell, or when and how. Everyone should have their own system/method and it's enough for me to try to handle my own decisions without worrying about someone else's.
I didn't get into SNRY until I saw some signs of a R/M, so when I post - that's the perspective I have. Obviously there are all kinds of different perspectives on this board and they are all very welcome.
SPMAN, absolutely I can be wrong. I have been before and I will be again. I have probably posted 25 times that potential R/M's are highly speculative.
As others have already posted, there is no reason that anyone should buy SNRY stock within almost the last year or so - unless they see signs of a big turnaround.
With SNRY, they scaled back their business.
Then they hired Mark Lev & Wellfleet Associates to find "financing options" (R/M).
Then all the officers and directors left, except 2.
Then the offices were closed and the phones were turned off.
Then they paid off all their debts.
Then the address on their filings changed to an empty warehouse that they lease for $5 a year.
Then they announced in their filings that no one is an employee anymore, their CEO is being paid a consultant fee.
Then they announced they were purchasing an internet marketing company.
Then they announced (not surprised anyone) with a 1:100 reverse split.
Then they changed the address on their filings to a location where they have no presence whatsoever.
Then they filed a compensation package for their "consultants."
Along with that the name of the lawyer was changed - the only lawyer that they have ever used in the history of the company.
Enough signs for me to follow here and throw more money into a 'dead' company! And, yes, I absolutely could be wrong, I have been wrong before.
But when I'm right, it makes the speculation very profitable.
Until then, I'll just sit and wait and get involved in other things to take my mind off the lousy pps.
All The Best
