Sonoro Energy Ltd. V.SNV

RE:RE:RE:RE:RE:SNV Forum

[copperplay]

ark88 wrote:

SMlachake wrote: Sub, does that include Kirk in your opinion? Are we painting him with the same brush due to association if we believe there could be a reason for silence?. Anyways, now a question for Copper, why would SNV cooperate to devalue themselves if they are to convert dept to equity? But even if they did, and they still get an additional stake, upto another 24% with reserves report, should they not just conclude the deal and we move on? What are they waiting for? ( that last bit was really not for you). And what happened to the wealthy investor they were to bring on board, I was expecting that to be the one footingthis bill for equity? Do you reckon it is SGE?..

Facts as we know it:

SGE holds Convertible Debentures covering the bulk of our debt which can be exercised at $0.085 during the first year and $0.10 during the second year.

SGE signed a MOU reaffirming SNVs rights to the additional stake if certain deliverables were completed.

Ark88 we are now past the 3rd year so these prices go out the window...or stock would trade at 10 cents