Replies to post #56168 on Sunergy, Inc. (fka SNEY)

[risk on]

Agree, they shouldn't have given timelines, if they weren't going to be followed. But, IMO, the number one mission at that time was getting the dredges there, and getting to getting. Now, the mission is obviously current. Survival is the number one mission for a jr., they did what they had to do. Now that there are a boat load of materials ( black sand concentrates) it affords the ability to catch up the white collar side, which is exactly what they are doing. SNEY

" Across 110th street....." that is a good song analogy

[coloradoKid]

I am suggesting that the guys running the show also have to sign and approve the financial statements. Ergo, can't do both simultaneously.

As to releasing the Qs simultaneously. That is a tough one. Given that the first Q had no revenue, no net accumulated BS, no operations, it was mostly expenditure related. As such, it can be perceived as a bad news. The second quarter saw the delivery of the dredges and the beginning of operations. Some accumulation might be included in the report. We know that the 3rd Q has operations results and should be a big change in style from the previous. given that they have not completed the processing plant by the end of the 3rd Q, there should not be any revenue to report. But, as you can see, the best approach would be to release the 1st Q in isolation as the "bad news" would probably drown out the results of the Q3 and possibly the Q2 results. If they decide to release the 2nd Q in isolation as well, it probably indicates that they want the all the bad news out and debated before the flow of good news starts. Of course, there is always the possibility that there isn't a grand scheme to all of this and they are just releasing them as they are completed. We will never know, really.

As to a year of opaqueness (non transparency), clearly fins were not their first priority. This board hashed this out all summer long and through the fall. I even speculated that the whole charade was intentional so as to provide a quasi-stealth mode operation that my industry (electronics/technology) loves. The real reason will likely never be told to us commoners. After looking at what was released and what was required to release I thoroughly believe that they wanted to stay within a certain budget and deliver them when they were ready. I don't think they have a team of accountants working full time. My guess is they have one mid level accountant on the payroll or under contract with Mr. Shelly overlooking the operation. Note that Mr. Shelly is not on the payroll. He is on the advisory board. So, don't expect 40hr weeks from him. No, I expect they are keeping the accounting department light and moving all GSA expenditures to operations. That is what I would do. Prove up the cash flow and the stock price will follow.