Replies to post #48402 on Sunergy, Inc. (fka SNEY)

[scubastevemd]

I guess my question might be were they expecting money from the warrants to fund dredging? If so, that could be a problem with funding. On the other hand we do not know how much gold they found and if it was sold to fund operations. We have no idea of what amount of cash they have since the Fins. are not current. That is why they are important. They give us an unbiased picture of where we are at. You can say anything you think people want to hear on the phone, but if a CEO signs off on documents he knows are lies he's subject to prison time. The longer the delay the more suspect it becomes since most CEO's prefer to do nothing then to face time in the pokey. Now let's get the Fins done and bury any speculation.

[BuddyGuise]

Thank you Falon. It appears that there has been a minimal increase of around 2% of the outstanding shares. IMO, these where issued for additional capital for the 10k and expansion into Ghana, again, this is only my opinion and not fact. For my limited stock knowledge, this could also be from conversion of warrants, idk. The great news is the A/S has remained the same at 3,750mm.

Here is a summarized response from the TA (cutting and pasting makes it very difficult to read)

Shares Authorized: 3,750,000,000
LESS: Shares Outstanding: 1,488,586,405
Shares Reserved: 145,842,852
-------------
Shares available to issue: 2,115,570,743
Free Trading Shares: 766,891,836


IMO, this is great. We can see that if the company really wanted to screw shareholders and dilute, they could dump a ton (2B) more shares on us. Knowing that O/S has increased by a minimal 2% tells me that they have cash for operations and are not relying on dilution to further their purpose/goals.

This makes me even hungrier for more SNEY.

Yippie for me, let's go SNEY!!!