Sunergy, Inc. (fka SNEY)

[mikeymgd]

It does not really matter how bad Asher is. The fact remains that SNEY was on route to bankruptcy and insolvency. Any means that keeps the doors open and the creditors at bay is a positive. The only other solution was selling to the street which ultimately would create a larger collapse since its uncontrolled.

This is more a blip and not a solution just yet. Historically SNEY has failed at nearly everything they set out to do so this money is not enough to guarantee results.

It is now up to them but again I think they needed twice what was raised.

I would recommend against trading the stock at the moment. Depending on the lock period of Ahser's shares we could see as much as 350 million shares hit the float in the next 4 months(asher and other debt conversions). All of those shares will be a debt conversion and almost certainly sold as soon as possible. This stock is very likely heading much lower but its tough to know were exactly just yet.

Add to this standard dilution and SNEY's OS should balloon to 2.5b before 2014.