Steve,
The problem with that scenario is the ground work that is going on. What you described happens in companies that have little to no operations to speak of. They are funded by the dilution of stocks and therefore need to keep the cash cow happy, all be it with lies and delays. Based on the info from the transfer agent, that is not occurring. The externally verifiables that we can see are:
(1) they are continuing to purchase equipment for expanded operations. You can check with the supplier of the tables (as have I) and hardware was shipped as we were told.
(2) activity on the ground in SL is occurring. This, I take on faith from Antbear and dredge master. I don't have access to feet on the ground, so, I have done what I can to reassure myself of Ant's and DMs credentials.
(3) They still are paying the bills at the Arizona office and maitain the infrastructure there.
Still to check if the above is not suitable:
(1) Check to see if the accounting agency still recognizes SNEY as a client.
(2) Check to see if Alan Trees has recieved any orders for followon dredges.
My gut tells me that the focus over the next few quarters will be on land operations in SL and Ghana. I suspect the dredging operations were not going as well as they had hoped and so the expansion will be focussed on land ops. That is my very very very naive guess at this point.
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