Wednesday, June 16, 2010

SNRS - Company Rejects $90 Million Offer

You wouldn't have known it by today's headline which read "Sunrise Consulting Group, Inc. Pursues New Solar Ventures", but SNRS has withdrawn its offer to sell its 18 billion shares, that are currently priced at $.0001, for $.005.

Talk about misleading investors. The headline should at least read "Sunrise Consulting Group, Inc. $90 Million Offer Rejected By Company", or "Sunrise Consulting Group, Inc. Admits The Buyout Was Nothing More Than a Ploy To Get You To Buy Its Stock".

Today's two sentence Press Release lets investors know that this entire buyout soap opera was a lie, and that there was no one ever willing to pay 5,000% more for a stock with 18 billion shares, zero revenue and $240k in assets. Heck no one even wants to buy this stock for $.0001 these days. I imagine they could stand at a street corner and hand out free share certificates, that might be a way to draw a little interest.

Today's news must have taken die-hard SNRS investors by surprise, but not the Guru. SNRS currently has no bid, which means anyone who was holding on for this supposed buyout has absolutely no one to sell their shares to. That's just a shame.




Sunrise Consulting Group, Inc. Pursues New Solar Ventures Marketwire    "Press Releases "
NEWPORT BEACH, CA -- (MARKET WIRE) -- 06/16/10 -- Sunrise Consulting Group, Inc. (PINKSHEETS: SNRS) announced today that the company has decided to withdraw its offer to sell all of its outstanding shares to Nourtech S.a.r.l. One of the contributing factors for this decision included Nourtech S.a.r.l's failure to meet their obligation of a ten percent (10%) good-faith deposit that was requested by Sunrise. The company is actively negotiating other solar opportunities and expects to have a signed agreement in place shortly.

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 .

Contact: Sunrise Consulting Group, Inc.

2 comments:

Anonymous said...

So what's the verdict with SSWC? Are these past couple days just healthy consolidation or are we now entering the pump & dump phase where it just bounces .001 up and down everyday? Too soon to tell probably, but I'm keeping close watch into next week.

Robert Wilcox said...

I like SSWC, it is not a pump and dump.