Sunergy, Inc. (fka SNEY)

[mikeymgd]

There is no reasonable argument for .02 to .05. Those numbers are fantasy and fairy tale land. No offense meant but its just not a reality.

That is a market cap of 36m-90m......SNEY is not even close to that kind of company. 5 to 10 years down the road maybe but not before that. At best SNEY is a 5m company with potential to break above that but not hold.


I do not feel the stock has any reasonable expectation of even reaching .006-.008 again until at best late next year. To date there has been nothing put forth to create such a lofty market cap. Lots of talk but no follow through with anything outside of purchasing dredges late 2010 to early 2011.

I would look for the .003's to be the high for the next 12 months. If we reach .004 we must be happy considering the damage Parent has done to the credibility of the company.

The stock is a bad long term hold. This has been stated for over 1 year now. It will be another bad year for those that choose such a bad strategy. Take advantage of low prices and trade the stock around your holding. Anything above .003 is a big sell point and low 2's to upper 1's appear to be the buying point. Pennies are gone and most likely never to return without a reverse split. Its not good but sometimes you just need to work with what you got.