Susglobal Energy Corp (QB) (SNRG) Quote

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

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

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

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

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.

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.

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

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.

What call?

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

No sec updates. No funding?

What?

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

Someone clearly just dumping shares today

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

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.

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

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

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.

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

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

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

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

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

That does sound familiar.

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.

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

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


Scroll down yu see it

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

Where did you see this and in what context? Thx

Is this new?

Investment Bank

H.C. Wainwright & Co., LLC

430 Park Avenue, 3rd Floor

New York, NY 10022

This is called quiet periodfor reason.

You anticipating good news after the 10K?

Almost time ...

Fins a week away at most (Tue eod) per NT filing

I understand large deals can take time but this is crazy. Especially when Marc says things will be completed by a certain time frame and he doesn't follow through. At what point do we determine it was all lies?

I'm not surprised. No construction. No financing. Nothing has been completed that Marc said would be done. I don't know if he's lying or just has no idea what he is doing. His shareholders are screwed because he's not getting anything done. Down 90% from highs.

Can gets kicked down the road again with the traditional notification that the 10K will be late:

https://www.sec.gov/Archives/edgar/data/1652539/000106299324007587/formnt10k.htm

There's gotta be something new soon with the 10K upcoming. Susglobal's tweet last week sounded promising but it was focused on 2023. I've been thinking for months that the make or break moment for the company has to be revealed soon but time keeps rolling on.

You must be one of those Internet trolls that always post negative crap on Twitter or other social media huh? Nothing nice to say. Hopefully you didn’t sell all you have with this company cause good things are going to start happening. This game isn’t for the weak.

Does your gutt even speak English? Lol

I might be dead wrong, but my gut tells me we will all be pleasantly surprised.

Yas!! Finally some solid news

$SNRG just posted on X (formerly Twitter) that they have secured the resources and partnerships to achieve their ambitious goals and look forward to sharing details. If true, this is very encouraging.

yep, a well concieved pump and d between him and other traders IMO. all talk all this time. no action

How much longer are you all going to believe the lies? Are you just sitting here till 2030 and just believe everything he says even though he never follows through. Why do you all trust marc? I originally got in bc of how many shares he has and the investors presentations. Based off the old presentations they should be making over 100 million. They should have private label deals with large companies. All of it lies. None of it came true.

Yea its a nothing company.

Why? Marc constantly lies to shareholders. Construction will definitely continue in 2023. Financing will be done by the new year. Everything will definitely be done by end of this quarter. Nothing ever happens except falling share price. Down over 90%. Explain to me why you have any confidence in this company when nothing ever gets done. Oh yeah, Marc will also get paid a shit ton more shares soon as well. Loves to pay himself and screw his shareholders.

I agree with stoneroad, it may take time but it’s not over yet

We have to go 1000% to get to previous highs. It's over. Marc screwed his shareholders

Certainly disheartening. But it ain’t over until it’s over.

It's due April 1st this year. Hopefully third time is a charm because this is the third year in a row where we're anticipating financing news after the 10K is filed. Deja vu all over again.

Hopefully 10K is filed on time by 3/31 and we get positive news immediately after.