$SNPW I tend to trust a CEO that puts his over 1 million dollar home and all his companies assets as collateral for a bank loan to fund a 20 million dollar recycling plant !
Also it’s quite common for stock to recover at the end of its toxic notes conversions
And in this case there are two other catalysts
One is the fact that the company has no other toxic debt coming due and has no plans taking on more in the future. I think it witnessed first hand the damaging effect it has and has learnt from it.
And the 20 million dollar recycling plant is nearing its completion
Smart money has been buying up the float and will continue to do so till a fair market cap is reached which is certainly alot higher than it’s current Market Cap
Market will correct itself in the absence of toxic notes (confirmed by public filings and CEO) to its current fair Market price of .02+ while it hits its target of .10+ after recycling plant goes live