Susglobal Energy Corp (QB) News - SNRG

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Form NT 10-Q - Notification of inability to timely file Form 10-Q or 10-QSB

Form 10-Q - Quarterly report [Sections 13 or 15(d)]

Withdrawal of Registration Statement (rw)

SUSGLOBAL ENERGY CORP. 200 DAVENPORT ROAD TORONTO, ON, CANADA M5R 1J2 June 6, 2023 VIA EDGAR Division of Corporation Finance...

Quarterly Report (10-q)

0001652539--12-31falseQ1 0001652539 2023-03-31 0001652539 2022-12-31 0001652539...

Statement of Changes in Beneficial Ownership (4)

FORM 4 ☐ Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b...

Notification That Annual Report Will Be Submitted Late (nt 10-k)

UNITED STATESSECURITIES AND EXCHANGE COMMISSIONWashington, D.C. 20549 FORM 12b-25 NOTIFICATION OF LATE FILING (Check...

Initial Statement of Beneficial Ownership (3)

FORM 3 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549...

Current Report Filing (8-k)

false 2022-12-22 0001652539 SusGlobal Energy Corp. 0001652539 2022-12-22 2022-12-22...

Quarterly Report (10-q)

0001652539 --12-31 false Q3 0001652539 2022-01-01...

Quarterly Report (10-q)

0001652539--12-31falseQ2 0001652539 2022-01-01 2022-06-30 0001652539 2021-01-01...

Current Report Filing (8-k)

false 2022-06-28 0001652539 SusGlobal Energy Corp. 0001652539 2022-06-28 2022-06-28...

Notification That Quarterly Report Will Be Submitted Late (nt 10-q)

UNITED STATESSECURITIES AND EXCHANGE COMMISSIONWashington, D.C. 20549 FORM 12b-25 NOTIFICATION OF LATE FILING (Check...

Securities Registration Statement (s-1/a)

As filed with the Securities and Exchange Commission on May 16, 2022 Registration No. 333-262155 UNITED STATES SECURITIES AND EXCHANGE...

SUSGLOBAL ® 52,000 Square Foot Second Facility with 65,000 Metric Tonne Annual Capacity to Convert Organic Waste to Fertilizer on track for Q3 2022

SUSGLOBAL® 52,000 Square Foot Second Facility with 65,000 Metric Tonne Annual Capacity to Convert Organic Waste to Fertilizer...

synaphai 2 days ago

Yeah the company is being crushed by debt and the resultant lawsuits from non-payment of debt. With Marc not fighting the power company's suit earlier this year and the 10K saying that he has been "unable to retain counsel" in the recently filed $4.5 million suit by an uncompensated noteholder...any Canadian legal professionals out there available to work pro bono?

Plus Belleville has had two different environmental problems and is now shut down so that's going to require funds to remediate but it's not like Belleville was a cash cow anyway with a $2 million gross loss last year.

Marc did get mortgages extended but the bulk of them will come due again in the next 7 months.

The bottom line is that we knew he really needs money but he really, really needs money just to cover everything that's piled up, not including actually restarting Hamilton construction or even thinking about funds for RNG facilities.

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stoneroad 2 days ago

10K is VERY ugly. Let’s see if Marc has any positive news to follow.

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stoneroad 2 days ago

https://app.quotemedia.com/data/downloadFiling?webmasterId=102691&ref=318324148&type=PDF&symbol=SNRG&cdn=606f7fdfe91ed9d62df4a67555da5484&companyName=Susglobal+Energy+Corp&formType=10-K&formDescription=Annual+report+pursuant+to+Section+13+or+15%28d%29&dateFiled=2024-05-15

Horsin around 2 days ago

Thank goodness. Anything good?

Marc had also indicated to me that they’d make the deadline. Guess we’ll see.

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Horsin around 2 days ago

I think tonight is it. Pink tomorrow if nothing

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stoneroad 2 days ago

Sure would be nice to get the 10K this evening so as to not have to sweat it out for the next 24 hours.

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ElementalBard15 2 days ago

Sorry about that. You're right. Not sure how I got under this account. Maybe too many accounts. I've been following on yahoo finance. Earlier this was my post below....which people clarified.
I hope previous poster is right. I just want to be realistic

So yahoo finance said there was an earnings call. I looked and haven't found one. So....the fact the 10k is late and no communication isn't good.

ElementalBard15 3 days ago

If love to be optimistic and this is this guy's first post.

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stoneroad 3 days ago

And what makes you say that?

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CometNavigator43 3 days ago

A few days left until this stock takes off like a rocket !

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Neo2020 3 days ago

Today he told me it will be filed before that deadline but we shall see soon enough.

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synaphai 4 days ago

I believe Marc has until end of day Thursday to file and preserve OTCQB status but it may be end of day Wednesday. It's 45 days from April 1st.

If he doesn't meet that deadline, the stock should drop to the pink sheets, which won't be the end of the world but trading pink along with being late with the 10K, which may bar him from filing an S-3 for 12 months, could make raising money more difficult, as if it hasn't been difficult enough already. If he can sell green bonds that would bypass any of these issues because that would not rely on selling shares but I have no idea about the chances of actually selling bonds.

From what I understand, if he misses the deadline this week he would still have another 135 days to file before trading would be essentially halted for the stock.

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stoneroad 5 days ago

Let’s hope we get it this week.

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Horsin around 7 days ago

Man I thought we would get the filing tonight. Wtf is going on.

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Horsin around 1 week ago

I don't understand why he would say it's imminent if he knows it's not. What does that accomplish?

I can't wrap my head around why it's so late. What possible reason would cause a delay this long?

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stoneroad 1 week ago

For a month Marc has been saying the 10k filing is imminent. He’s proven himself to be FOS.

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Horsin around 1 week ago

Have you heard anything else. Seems really strange it's not posted yet

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infamous 3 weeks ago

lets see. this is .008 by that time and then doubles to .016. yea makes sense

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stoneroad 3 weeks ago

IMO SP could quickly double/triple as soon as 10K is filed (assuming no surprises).

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infamous 3 weeks ago

thanx marc. you POS for all youve done for your shareholders. unreal. this is going under .01 IMO.

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stoneroad 3 weeks ago

News will need to be substantial - funding, partnerships etc.

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synaphai 3 weeks ago

Maybe it is an issue with the auditor. If it's still M&K CPAS, they have 3 awful reviews on Google but those are from 7-8 years ago and they did work on the 10K last year that got filed by the extension deadline. Obviously there has been a lot of mortgage juggling going on as 3 big mortgage payments came due from August to March. I do know that the Hamilton mortgage due last August was refinanced late last year.

I'm pretty sure Marc's got 45 days to file the 10K and preserve OTCQB status but I'm not sure whether that 45 days is from the original April 1 deadline or from the extended deadline of April 16th, so he's likely still got time to get it taken care of before dropping to the pink sheets.

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Horsin around 3 weeks ago

Why wouldn't these be done or near complete by 4/1? What would cause a delay as they seem pretty routine?

Unless it's due to a potential sale of assets or even acquisition that came about close to 4/1. Maybe wishful thinking on my part.

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Neo2020 3 weeks ago

Below is the response I got from Marc regarding being late on the reporting:

The lower part is a communication to him
About the 10k:

See below from auditors this morning.
This 10-K has been very challenging but once filed we will start releasing news and developments.
I know exactly where the share price is and believe me it is very difficult to watch.
60
Marc,
I am still working with Ike on big ticket items with numbers changing due to valuation reports from Doty Scott, information on the mortgage renewals, and discussions regarding the long-lived assets and review for potential impairment. As soon as numbers are final with no additional changes, then I can finish reviewing the draft, send over comments, and move into partner reviews. If all of that can be resolved ASAP, then I can work on this the rest of the week/through the weekend in order to

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Mww379 3 weeks ago

So yahoo finance said there was an earnings call. I looked and haven't found one. So....the fact the 10k is late and no communication isn't good.

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stoneroad 3 weeks ago

What call?

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Mww379 3 weeks ago

Can someone provide a synopsis or a link to the call?

No sec updates. No funding?

What?

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Horsin around 3 weeks ago

Man he had some flat out lies. Just straight up lying to investors.

Someone clearly just dumping shares today

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stoneroad 3 weeks ago

We’ll, certainly looking like Marc was FOS. Sad.

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synaphai 4 weeks ago

To try to answer your question:

In my experience the most common reasons to be this late on an annual filing where the company becomes noncompliant are shoddy work by the accounting company doing the audit, something sketchy found by the auditors that keeps them from signing off on the annual report or simply not having enough money to pay for the audit.

Susglobal used a big, reputable Canadian accounting firm until they resigned in late 2022, maybe because they had problems getting paid. That's what reading between the lines on the 8k announcing the resignation seemed to say to me.

So Marc moved to a Houston accounting firm that has some really bad Google reviews. Maybe this delay is due to the auditor not completing the job, although you'd think that would have been specified in the 10K extension filed a few weeks ago and they did complete last year's 10K.

Not having the money to pay for the audit is obviously the other possible problem. Yearly audits can cost hundreds of thousands of dollars that Marc may not have. It's unclear how much they paid last year but the yearly audit was included in the $900k they paid for accounting and tax services.

Being noncompliant with a 10K filing can cause problems, including potentially not allowing the company to file a prospectus until 12 months after they regain compliance, which could kill the chances of an uplisting if the company ever got that far. An uplisting seems a long ways away at this point but if it did get to that point, a late 10K could stymie it.

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stoneroad 4 weeks ago

Thought you were all excited about positive news?!?!?!

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BEIJING BILL 4 weeks ago

Prediction... Mark vill Burt the filing Friday after close. #moron

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synaphai 1 month ago

This is the fourth year in row Marc's needed an extension. He needed the full 15 extra days to file in 2021 and 2022 and 14 days last year so he's always cut it close. I guess missing the extended deadline is not surprising because when you push that limit too many times you're bound to go past it eventually. We'll see if it gets filed today.

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Horsin around 1 month ago

Whats a logical reason for not filing on time after an extension? What am I missing? Why would that happen?

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Horsin around 1 month ago

Wtf is marc doing? Did he lie about everything? Did we get scammed? What is everyone here thinking?

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synaphai 1 month ago

It hasn't been filed yet. All filings are first posted on the official SEC page for the company so it will show up there before anywhere else and if it's not there, it hasn't been filed.

Susglobal SEC page:

https://www.sec.gov/edgar/browse/?CIK=1652539&owner=exclude

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3p1cdud3 1 month ago

I cant find it either, don’t know if it was. Not on the website or posted on any socials

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stoneroad 1 month ago

Anyone see where the 10K has been filed? I don’t see it.

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stoneroad 1 month ago

That does sound familiar.

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synaphai 1 month ago

I thought Wainwright has been onboard for awhile and was running point on a past fundraising attempt but I could be wrong. I can't find any reference in filings so maybe it was something Marc discussed in an interview, or maybe I'm getting my companies mixed up.

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BEIJING BILL 1 month ago

Service.provider ... New to me .. I don't think it was there before ... But I don't know

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BEIJING BILL 1 month ago

https://www.otcmarkets.com/stock/SNRG/profile

Scroll down yu see it

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stoneroad 1 month ago

Certainly hope they are not lining up a toxic financing. HC Wainwright has a horrible reputation.

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stoneroad 1 month ago

Where did you see this and in what context? Thx

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BEIJING BILL 1 month ago

Is this new?

Investment Bank

H.C. Wainwright & Co., LLC

430 Park Avenue, 3rd Floor

New York, NY 10022

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BEIJING BILL 1 month ago

This is called quiet periodfor reason.

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Susglobal Energy Corp (QB) (SNRG)

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SNRG News

Form NT 10-Q - Notification of inability to timely file Form 10-Q or 10-QSB

Form 10-Q - Quarterly report [Sections 13 or 15(d)]

Form 10-Q - Quarterly report [Sections 13 or 15(d)]

Withdrawal of Registration Statement (rw)

Quarterly Report (10-q)

Statement of Changes in Beneficial Ownership (4)

Notification That Annual Report Will Be Submitted Late (nt 10-k)

Initial Statement of Beneficial Ownership (3)

Current Report Filing (8-k)

Quarterly Report (10-q)

Quarterly Report (10-q)

Current Report Filing (8-k)

Notification That Quarterly Report Will Be Submitted Late (nt 10-q)

Securities Registration Statement (s-1/a)

SUSGLOBAL ® 52,000 Square Foot Second Facility with 65,000 Metric Tonne Annual Capacity to Convert Organic Waste to Fertilizer on track for Q3 2022

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Susglobal Energy Corp (QB) (SNRG) News

Susglobal Energy Corp (QB) (SNRG)

Real-time discussions and trading ideas: Trade with confidence with our powerful platform.

SNRG News

Form NT 10-Q - Notification of inability to timely file Form 10-Q or 10-QSB

Form 10-Q - Quarterly report [Sections 13 or 15(d)]

Form 10-Q - Quarterly report [Sections 13 or 15(d)]

Withdrawal of Registration Statement (rw)

Quarterly Report (10-q)

Statement of Changes in Beneficial Ownership (4)

Notification That Annual Report Will Be Submitted Late (nt 10-k)

Initial Statement of Beneficial Ownership (3)

Current Report Filing (8-k)

Quarterly Report (10-q)

Quarterly Report (10-q)

Current Report Filing (8-k)

Notification That Quarterly Report Will Be Submitted Late (nt 10-q)

Securities Registration Statement (s-1/a)

SUSGLOBAL ® 52,000 Square Foot Second Facility with 65,000 Metric Tonne Annual Capacity to Convert Organic Waste to Fertilizer on track for Q3 2022

SNRG Discussion

Your Recent History

Company

Business

Popular

Get The App