Thanks Mike, you have offered another very informative and truly comprehensive summary of the current status and what appears to be a great going forward plan. I will also be proud remain and be counted as one of the true longs of this great company. GLTY AND GLTA SNDY LONGS
Its time for SNDY management to offer us a new business update. It would clarify a few items in your DD .. particularly that the need to convert shares is coming to an end. Granted the company still has over 200M shares under the AS limit so they probably have at least 12-18 months before needing more authorized shares (last month 20M converted and likely enough cash for several months off that outside of any sales). But with the debt basically gone, "cash flow positive" comments from SNDY management would move this stock to .02-.03 pronto. Confidence would spike.
PR is due - and necessary. Hate to see the lack of retail bid support lately. Management can solve that with the update.
This all sound great, but there is one thing wrong with it. SNDY has made a living out of The RS and new share holders on each new cycle. It's just a new group of investors after the last RS. This is business as usual for SNDY. When the RS occurs this group will get it, but not until then.
Sounds wonderful, however that was pretty much word for word what shareholders were being told all last year as the stock price steadily declined all the way down from .02 to .002. Investors have to ask themselves, if SNDY really did have all of those glorious things going on, then -
- Why is the share price still stuck down at .004 after falling from .02 last year to .002 this year.
- Why is SNDY still diluting its stock.
- Why did SNDY make the PUMP and DUMP Hall of Fame.
- Why did SNDY have a DTC Chill on the Stock.
- Why has SNDY had such questionable relationships with shady partners like Boost Marketing.
- Why was SNDY being investigated by the SEC for contaminating the float with illegally issued stock in the first place, and why is it no one knows for sure if the SEC is even finished with their SNDY investigation.
- Why has SNDY had four massive Reverse Splits and counting, repeatedly destroying past shareholder value and burning through billions of shares, only to wash, rinse, and repeat the cycle over and over again.
In 2006 SOLOS (Solos Endoscopy) did a spinoff to LLBO/LBTN then disappeared with all on 2/25/08. Out of my investment I ended up with 21 worthless shares of LLBO and 207 worthless shares of (SOLO) that sit in my account as remembrance.
Acccording to this report SNDY's President, Secretary, and CFO own 599,452 preferred series B shares out of the 658,388 total preferred shares. This leaves only 58,936 preferred shares not owned by SNDY directors.
Am I reading this report wrong? Were you talking about Class A preferred shares that shows zero shares issued in the reports?
Can you also elaborate on the huge amount of shares RECENTLY being issued to Boost Marketing in that same report mentioned above? I thought Boost Marketing was no longer in the picture since the last time they were mentioned as the Investor Relations firm in their financials was in Sept 30, 2012. http://www.otcmarkets.com/financialReportViewer?symbol=SNDY&id=96647
"16 DAYS TO GO" A*U*G*U*S*T 16th "THE BEGINNING" We are entering the final stretch to the final audit... Thanks 'highflier' for your many contributions, you have offered outstanding DD and support and I for one will always appreciate and respect your efforts. GLTY (Review highfliers post) AND AS ALWAYS GLTA SNDY LONGS