Replies to post #47688 on Sunergy, Inc. (fka SNEY)

[BigGreen101]

Sorry for the delayed response.... meetings today.

First SNEY arise over 1M dollars in share offering, which could go over +2M if all the warrants are executed (See PR).

SNEY business plan "Seeking Funding in the $3.5-$7 million US range to put both projects into production'.

SNEY needed additional funding for the 10K report.

SNEY sold something, not exactly sure what and how much, to fund the Nyinahin gold concession in Ghana, West Africa.

SNEY does not have excess cash to buy new machines to make their projected $19M in revenues (corporate powerpoint on website).

IMO, it appears that SNEY is cash strapped. They want to move ahead, but their business model will require raising more money and buying more equipment. SNEY has not even reach the lower limited of $3.5M for what they wanted for funding the two different projects.