Well, just remember the other "liability" about SNRY, IF Verndale is the new company the more seasoned penny traders value the stock:
Revenues divided by AUTHORIZED SHARES not Outstanding Shares would make the price around .01 - and 2-3 times that is about where we are right now.
So many OTC companies drop shares into the float so often, you have to figure that into the equation. However, I know of companies with a large S/S which have kept a float small like SNRY has now for years.
Verndale is successful WITHOUT GOING PUBLIC. They may want to go public just to increase their bottom line and keep the float low like it is now. They may think the publicity value will attract more customers.
And, of course, it may not even be Verndale...
We'll see.
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