I don't even know if the dumb and dumber theme fits SNRS at this point. When a CEO views a 2,500% premium as being just a fair offer, not an outrageously obscene offer, a preposterous, tremendously overpriced offer, you have to wonder what the heck is going on. Let's be honest, a fair offer is $.0001, and that would be after the next reverse split. Who in their right mind is going to pony of $70 million for a company that has only $250k in assets? Am I the only one that thinks this is blatantly deceitful?
It appears someone wasn't happy paying just a 1,500% premium for a company with no revenues. They upped it to a 2,500% premium and decided that $42 million was just not enough for a company with $250,000 in assets. Instead the plan is to offer $70 million for all 14 billion shares at a price of $.005, when in fact they are trading at $.0002 with an apparently unlimited supply to be had at that figure.
You all know how this story ends. The good thing is investors have finally caught on. With just a smattering of small buys on the heels of this press release, its only a matter of time before the wheels fall off this bus.
Sunrise Consulting Group, Inc. Receives Revised Offer for Purchase of Outstanding Shares Marketwire "Press Releases "
NEWPORT BEACH, CA -- (MARKET WIRE) -- 06/03/10 -- Sunrise Consulting Group, Inc. (PINKSHEETS: SNRS) announced today that on May 30, 2010 , the company received a counter-offer to purchase all outstanding shares of Sunrise Consulting Group, Inc. from Nourtech S.a.r.l. at the price of .005 per share. Subsequent to a management meeting on June 2, 2010 the company's interim CEO, Alan Rothman , expects to make a formal recommendation to the shareholders of Sunrise Consulting Group, Inc. that he believes the offer is fairly valued and shareholders may wish to consider a .005 per share offer. A ten percent (10%) good faith deposit from Noutech S.a.r.l has been requested within 5 business days of the announcement to shareholders. The company plans to keep the shareholders updated of developments.
ABOUT SUNRISE CONSULTING GROUP, INC.
Sunrise Consulting Group's mission is to get involved in the Solar Industry in the fastest and most productive and profitable way possible.
For more information email info@sunriseconsultinggroup.net or go to the website www.sunriseconsultinggroup.net
This press release is not a solicitation of a proxy, an offer to purchase nor a solicitation of an offer to sell shares of Sunrise Consulting Group, Inc. , and it is not a substitute for any proxy statement or other filings that may be made with the Securities and Exchange Commission ("SEC") should this proposed transaction go forward. If such documents are filed with the SEC , investors will be urged to thoroughly review and consider them because they will contain important information, including risk factors. Any such documents, once filed, will be available free of charge at the SEC's website (www.sec.gov) and from Sunrise Consulting Group, Inc.
Safe Harbor Statement: This release contains forward-looking statements with respect to the results of operations and business of Sunrise Consulting Group, Inc. , which involves risks and uncertainties. The Company's actual future results could materially differ from those discussed. The Company intends that such statements about the Company's future expectations, including future revenues and earnings, and all other forward-looking statements be subject to the "Safe Harbors" provision of the Private Securities Litigation Reform Act of 1995.
This press release includes forward-looking statements within the meaning of the federal securities laws that are subject to risks and uncertainties, including the inability to satisfy the conditions to any proposed transaction, general economic conditions, and other factors that may be identified in filings made with the SEC .
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Contact: Sunrise Consulting Group, Inc. Email Contact www.sunriseconsultinggroup.net
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