InvestorsHub Logo
icon url

havocjohn

07/10/12 10:08 AM

#66392 RE: risk on #66388

Actually SNEY hasn't done anything yet that most pinks never do. We believe they will come through, but as of yet, they have not.

I have been patient with the progress of the company for about a yr and a half, not sure what that has to do with being realistic about the company's track record in regards to filing paperwork.

Not sure why you take pointing out the facts of what is going on so personally, but to each their own.

You are right, I have never ran a publicly traded company, however, I have ran multi million dollar jobs in which accurate paperwork was required, not to mention cooridnation with both the general and other subs in regards to making the job go smoothly and in a timely manner.

Just because I have faith that SNEY will eventually come through doesn't mean I can't be dispassionate when I realistically examine the track record of a company.

Since I am not directly involved in the process of getting the minerals out of the ground, nor am I involved in the paperwork process, I don't see what I should feel proud of.

When they finally come through and are current and defining their progress to date and the pps reflects that, I will probably be estatic that I bought the stock and held on, but that is not a reason to have pride.... IMO.

icon url

mikeymgd

07/10/12 10:19 AM

#66397 RE: risk on #66388

Don't understand why people whom have never run a publicly traded Co, yet own some shares, seem to be this utterly impatient and seemingly unappreciative of what they own.



I find it unlikely CEO's of public companies invest in Pink sheet stocks with a CE on them. Also find it unlikely CEO's of public companies sit on IHUB. This is a pink sheet stock and is not used for long term gains. The vast majority fail so you don't need to be a CEO to understand being impatient is prudent. Needing to address the posters as people not running a public company seems rather arbitrary.

Once we hit Nasdaq or NYSE, I think most would agree with your statements but as a Pink, patience is most commonly synonymous with the term bagholder.


Once a pink goes CE, it's uncommon they make it back



Can you share were you found the stats on that? Or is it just a random guess?

SNEY needs to prove they can get the job done and simply supplying sample results after 15 months of operations is not going to get it done anymore. Sure we can be proud they figured out how to finally get their book keeping in order but I am not here based on how great their finance department is, I am here for the gold. Pride will come with operational success and not from filing old quarters or old year end results.

Odds are many posters feel the same and want the company to move forward. The last big advance of SNEY was 15 months ago, that is when the dredges first arrived. Since then nothing but stock piles and samples.