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Fangster

09/24/12 12:22 PM

#72276 RE: Austinvball #72270

Yes I have said such. However, your comment is 'matter of factly'.

I disagree that a RS is coming anytime soon. I think at a later date its a possibility only if the company can get to a point of a higher uplist but I see this as a ways away 'if at all'. I don't see an increase in the authorized share count coming.

Capital need not be raised issuing equity - there are creative ways to engineer capital. Also, the company stated that it will issue PP "at a later date". PP at these levels are not helpful for a numbers of very obvious reasons - one in particular which will not be mentioned but should be easily seen and understood.

I don't see "immediate" revenue generation as a goal here but would not mind seeing something that could subsidize start up costs, etc.

In spite of everything I will give this much...its the PPS that does the talking and right now it ain't talking. Its up to sney to tell the story.

ALL JMHO!!!!!

havocjohn

09/24/12 12:23 PM

#72278 RE: Austinvball #72270

simple answer to your question is some are still blindly following the stock/company. I guess when one marry's a company they tend to ignore the facts as they unfold.

mikeymgd

09/24/12 12:47 PM

#72285 RE: Austinvball #72270

Austin you numbers are incorrect hence the RS in really a possibility right now.

1 Billion shares is not 150k but rather 1.5m. Much more than SNEY requires.

I believe they plan to float between 150k-250k shares and raise about 100-200k for operations. This is based on the discount to market. Unfortunately this will add 150-250k options.

Also it would be in their best interests to stay away from a RS until funding is wrapped up. Doing it ahead of time will be extremely detrimental to their efforts.

Long story short, SNEY sucks as a company and that is clear but they sit on a potentially huge windfall concession. I feel confident if they remove Steve Parent, SNEY will absolutely explode and show success. He is a cancer to the corporations he is associated with.

I hope to see him either resign or get removed.