Replies to post #48405 on Sunergy, Inc. (fka SNEY)

[cottonmather]

the next time someone speaks with......

the transfer agent, ask how often it is REQUIRED to report those numbers and be made public.

If the ascending apex configuration is measured, the next near term target should be approximately .0112

[falon]

Agreed,


Great work!

[Austinvball]

OK now I am thoroughly confused. I will assume that 'Shares Reserved' are Outstanding Warrants because they are certainly not restricted shares.

Posts from mikeymgd(september 23) essentially say:
Warrants Outstanding: 545,059,954
OS: 1,454,657,334
fully diluted: 1,999,717,288

Now you say:
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
Fully Diluted: 1,634,429,257

So we have a small increase to OS but a large decrease to warrants outstanding? Easy answer you might think? Obviously the 200 million October warrants expired:

On October 18, 2010, the Company entered into a membership purchase agreement
with Allied Mining and Supply, LLC for the purchase of 100% of the issued and
outstanding membership interest of Allied Mining, a Nevada Limited Liability
company, which owns the rights to Exploration License #EXPL 5/2009 on the 140 sq
km Pampana River concession in Sierra Leone, West Africa.

In consideration for the purchase of the membership interests, the Company
agreed to pay $18,0000 cash and issue 100,000,000 units at a deemed price of
$0.0025 to Allied Mining. Each unit consists of one share of restricted stock,
one 12 month share purchase warrant exercisable at $0.0025 per share and one 12
month share purchase warrant exercisable at $0.005 per share.

But this is also from mikeymgd on september 23:

There are no warrants issued with an expiration in October.

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=67378043

The ONLY possible thing I can think of and I may be daydreaming here, but the numbers could suggest the co is matching warrant exercises with share purchases to keep the OS down, or simply buying back warrants?

Really not sure here, don't know how to justify the large decrease in outstanding warrants and small increase in OS when there was nothing scheduled to expire.

Any input here is welcome...