Replies to post #49163 on Sunergy, Inc. (fka SNEY)

[rrss44]

Don't worry Scubastevemd, I won't dump, and tank the PPS. I've already gotten rid of what I wanted, and bought something else.
I'm not pissed about the PPS, I'm pissed about the way WE INVESTORS are being treated, and SNEY's inability to follow through on furnishing the delinquent financials....
Why does the management seem to be MIA?.... Hmmm!
The only way I can currently tell SNEY is still in business, is that someone is paying for and answering service.
Has there been any recent dilution?

[risk on]

Nuclear war, famine, the Russians, Barney the purple Dinosaur, college tuition: all things I fear, but SNEY not coming through, is not one of them

[mikeymgd]

You are correct and any rally will see large selling.

There will not be a large rally again for a while based on the lack of confidence in the company. In time it can turn around though. 2012 will be a year of struggling with the 1 cent mark I believe. Now if they pull off stellar results and become very profitable than all bets are off the table and the stock will appreciate based on earnings. Personally I highly doubt within the next 12 months that can happen with current management. I won't rule out profitability but would not expect anything large.

The company desperately needs a change from top down. Bryan, Steve and Medhi need to be removed for true confidence to come back. You cannot undermine a company to the degree they are and expect everyone to ignore the poor performance just months down the road. We need to stick the 3 of them into a clown car and parade them around.

In the end no one can get out with a good price currently but in the next 3-6 months they may finally get all filings complete and we will see some insight into operations. I personally doubt that the 10K for 2010 and 3 Q's for 2011 will be completed prior to January 1st. This would put them in another reporting period and I am not so confident they can approach an uplist or have the CE removed till the 2011 10K is than released.

Of course I have been wrong before (ok many times) so anything is possible.

Shareholders are stuck with just 3 courses of action:

Sell and take the capital loss for the year
Hold till sometime next year to recoup or gain from the stock
Or begin trading the stock as management has been clear they desire. OF course this will take a separate account or you will create a wash sale against the original losses.

I am not currently trading it since I only have one account. I am technically in a loss at the moment but in reality have profited off others. If I wash the lose it would really undermine my gains from earlier. I continue to consider opening a Zecco account to begin buying and selling large blocks. It appears the stock can get easily manipulated with 200-300k blocks.