Sonoro Energy Ltd. V.SNV

SNV

[Uptonothing]

Not December yet, but if you wanna see a stock actually move check out DMED, ur welcome

[copperplay]

Fool me once shame on you  Fool me twice shame on me 

[MJB4231]

Can u elaborate.? 

[Saskberger]

Ha, well we are way past fool me twice phase with these guys. It's show cards time. Either win or lose 

[MJB4231]

Either sign or buy us out!!.... GET IT DONE! 

[Schloppasnv]

By law we should have pocket aces. Trump card is they called us back to the table. Patience and we have a .  Show us the RR (the river card)

[ark88]

I agree. If they wanted to take the entire PSC for themselves, why did they called us back to the table and then sign a MOU? Someone please explain this to me. Of course there's no guarantee but I believe we still have value here. Pay us to go away or sign and get on with it! GLTA!

[ark88]

I'll answer my own question. The only reason that I could think of that would explain SGE calling SNV back to the table is to show that they've tried to work things out but couldn't. They're showing that thye've made the effort. To whom? To the Regulators. Having said the above, the only thing that would still not make sense is why would they then sign an MOU. Why? Could

[MJB4231]

I'll tell what they don't have.... A publicly traded company giving Jimmy credibility. He wants to be part of a large oil conglomerate..... JMO

[RoyMax123]

Why did they called us back to the table ? Maybe it's to make sure that SNV will spent their lasts $ and goes belly up so they can  legally have 100%.   I don't know how people can still be positive, look at the SP, it's saying a lot. No support at all, it will probably go back to .02  before year end.   To me it's a 99% chance that it will be

[Schloppasnv]

I'm still positive because everything still seems to be on schedule. But good try to cover your exit point of 2 cents via shorting.  

[RoyMax123]

Are you dreaming of short every night ? you always come with a new short story. Give your head a shake there's no short in this POS, last report was 10k.

[Schloppasnv]

POS? Why are you still here? I don't understand?

[RoyMax123]

Because it's not worth to sell here. After all those years waiting I will either go down to 0 (99%) or up to the moon (1%), nothing in between.

[copperplay]

I should have sold every last single share I owned at 8 cents  According to the stock price which everyone on this board claims the market always knows...says nothing good is coming next 

[ark88]

Roy, then answer me this riddle. If they wanted to wait it out and bleed us to death, then why sign an MOU? Why? Why would you sign the MOU, breathing new life into a comatose company, possibly giving us an opportunity to raise funds to continue the quest. Why?

[RoyMax123]

For the same reason, make SNV spent money. The MOU was not an opportunity to raise money or  they would already did it, they need a JOA in place to be able to raise money nobody will put money into this with just a MOU.

[ark88]

Hindsight is 20/20. They were doing a great job bleeding SNV to death, which saw the SP "trade" in the 0.02-0.03 range until the call back call came. 

[MJB4231]

Please reread last NR carefully.... "At the meetings, Sonoro and SGE signed a binding Memorandum of Understanding whereby Sonoro will commission and produce a detailed reserves report, compliant with 51-101 requirements and SGE will transfer a to be determined additional ownership position in the Selat Panjang PSC for a commiserate equity position in Sonoro" Too me this is the delay

[ark88]

If you're long, then one has to believe this narrative. The facts as we know it is that SNV has 25% of the PSC and it will increase by another 24% if certain milestones are delivered. No where was there a mention of SGE taking a stake in SNV commensurate to the additional 24% of PSC. The very first public mention of this was in the June 20, 2022 NR. The "disagreement" between the

[Jamarcus]

Up to 24%. Could be anywhere from 1%-24% 

[ark88]

Correct, sort of. There is no mention of the exact amount. From the NR: At the meetings, Sonoro and SGE signed a binding Memorandum of Understanding whereby Sonoro will commission and produce a detailed reserves report, compliant with 51-101 requirements and SGE will transfer a to be determined additional ownership position in the Selat Panjang PSC for a commiserate equity position in Sonoro

[RoyMax123]

it can also be 0... (yes I know I'm the half empty glass lol) from the same NR Sonoro will commence immediate work to complete a detailed reserve report as per our Memorandum of Understanding and we are looking forward to our partners participation in Sonoro, which if executed, will increase the Company’s ownership of Selat Panjang from our current 25% ownership position”.

[MJB4231]

As we know they can't say... "when executed". Let's keep in mind cause it's been so bloody long that management hasn't collected a paycheque and reinvested monies owed back into stock options. Meaning ALL of them have skin and money also  in this game giving them lots to lose. 

[ark88]

Of course it can go to zero. Isn't that self evident? And if that's your pov, then why even bother getting out of bed?  Yes we could lose everything here.  Everyone has to make that calculation. I still think there's some value here. Even if a deal is not struck, i believe our share of the PSC is worth something and it is incumbent on management to ensure that shareholder