Sonoro Energy Ltd. V.SNV

Notice of warrant expiry

[Tree2tree]

I got a notice from my broker dated Dec 24 that my warrants will expire on Dec 31, and that I have until Dec 30 to advise my broker if I want to exercise the warrants.  I wonder whether the extension has been refused, or whether it is taking time to work its way through the system?

[Tree2tree]

So the notice from my broker has been revised, and it looks like the extension has gone through: "UPDATE TO LETTER DATED DECEMBER 24, 2021 - Please be advised the expiry date of the below-mentioned warrants has been extended from December 31, 2021 to December 31, 2022. The exercise price is being amended to $0.07." Will SNV still be alive in one year?  We'll see.

[MJB4231]

I can assure you that I for one won't make it that long to find out. Been here 5 Ramadans and this will be my last. The lining of pockets has gone on long enough with PPs and no advancement ever incl not producing a JOA. If continued silence to investors and no direction from company im gonzo from this mess

[martindale]

Can’t blame you..I still believe we hav yet another hurra! Be it .10 or .30  I am reinvested and lowered average enough. Time to sit and wait to see if there really is some magic in that old top hat. GLTA invested.. happy new year and let’s forget the last two years.. GL Martin

[copperplay]

if SNV starts to trade higher and get back to 5 cents jump in.  If we stay at 2 cents this story as we know it is over and expect a take over of the empty shell

[MJB4231]

Ya well... Every NR over last 3 yrs has either been a PP or legal disagreement. Not sure what 2022 has in store. Can't get much worse

[StratCap]

  Would a takeover by a new group of the shell not be a bad option at this point?  A new group will have connections into new jurisdictions. Ramadan Resources (Sonoro) is a dead man walking.

[MJB4231]

JMO.... But it would be an absolute massive dilution I would expect or consolidation. Either way it would destroy longs and managements warrants and assets. Not in any current investors best interests. Im told management reads these Bullboard so feel free to discuss views and opinions

[StratCap]

Dilution going to happen in either scenario at this point unfortunately. They had $124k in cash as at September 30, 2022. And what if they have to issue the 20.0 million shares to their partner?

[StratCap]

  That should have read September 30,2021.

[MJB4231]

Based on that your implying we lost our legal challenge issuing shares. I for one believe we are in the right without Partner meeting JOA caveat of loan agreement. I suppose it is Indonesia and anything goes however

[StratCap]

The issuing of stock to partner was more to do with the subject of dilution. There's about 20.0 million shares in question to the partner, about 26.0 million warrants at .075 and only $124k in the bank as at September 30, 2021. Plus over $500k owed to management. Dilution is a given unfortunately in any scenario whether current management stays in place or if a new group were to come in and

[copperplay]

Strat agree 100% with you that a new group take over is exactly what we need even with major dilution after 4 years of absolutely nothing  bring on the reverse merger and roll back so we can at least look forward to some value added this year i said back in October after the loan was called that the longer stock stays at 2 cents worse it is for shareholders and now appears I am correct 3

[copperplay]

Well said and another reason why we all believe a take over of the shell is coming as the AGM was postponed or canceled this year...always in December and now crickets.  To me this means Sonoro as we knew it is over.  What a waist of time and money this was