NSOMNIYAK & HOT PENGUIN,
Here are the facts - indisputable.
Now, what those facts tell YOU may be different than what I see, and it is true, we both may be standing in that barn looking at the same pile...
July 2010 - Complete spin-off of Solar Park Initiatives
August 2010 - Mark Lev resigns - Jack Zwick appointed to board.
[note: Mark Lev is the one with connections & Jack Zwick is a high-level CPA expert at financial restructuring]
November 2010 - Annual Report showing record revenue for year but still announce they may need $1m to stay in business
January 2011 - Announce that they owe David Fann & Michael Dodak from previous investment into company and can't pay them back
February 2011 - Company sold off their Education business (a revenue maker which always helped the bottom line).
March 2011 - They anounce they have 'streamlined their business model.'
[note: sure, they got rid of all their business so there is no reason for them to exist any more.]
March 2011 - Quarterly report that now their revenues are way down.
March 2011 - They change their fiscal year and ADD 650m common shares and 10m preferred shares. [note: preferred shares are the vehicle that provides big funding]
April 2011 - Jack Zwick resigns [note: his business is done, the company is all 'clean' now financially with an in-depth audit and the structure is now in place for the existing people to get out and a new business to merge]
[second note: he went to FCPG, another Mark Lev funded company through Wellfleet Partners to get their finances in order because of the SEC getting ready to crack-down on faulty Chinese bookwork.]
May 2011 - Wellfleet Partners (owned by Mark Lev) is retained to help find "effectuate a strategic partnership, merger and/or acquisition." [note: they are announcing publicly that they are for sale]
May 2011 - IA Global Inc announces that Mark Lev is now chairing their acquisition and merger department. [some big money here]
June 2011 - Annual report announces: 1) They have given a lot of shares to the officers for past payment, 2) They have paid off all their debts to everyone, 3) They need $1m or they can't continue by August.
So, here we are.
Mark Lev has ALREADY had some great investments with mergers & investments with Wellfleet Company.
He is heavily connected to Global Sun Partners (owns Arava Power Company in Israel).
He also has strong connections to China through MRM Finance (he is partners in that company, too, headquartered in Beijing).
His next merger will probably be a big merger - his first one for IA Global Inc.
SNRY owns nothing, does nothing, and basically is nothing right now.
Except for one thing...they are a public company and are waiting for a private company to merge with them. They already have a huge amount of shares at their disposal for the new company to have immediate financing.
To me, it all adds up that SNRY is too valuable to let it die. All the business is with Solar Park Initiatives now. If a company with big money moves into this shell of a company, these guys will make money big time because they have been 'back-paid' with shares over the years. Imagine if you owned 4-5m shares and all of a sudden they are worth .25 or .50 instead of .003 like right now - that's a ton of money.
So, you are right. Reverse mergers have a great degree of risk, but my study keeps indicating that something good is going to happen - and soon.
IMO, when the filings actually come out, I think you will see that the agreements were actually signed in May, when Wellfleet & IA Global got involved.
All The Best
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