SNRS - You Can Sense The Desperation

Like a bunch of horny college guys at last call, SNRS is not hiding its desperation to attract buying pressure. If the company maintains its current rate of press releases I wouldn't be surprised if they "received an offer to buy out the company for $.003 a share". Wait a second! One year ago today that is exactly what happened. This is what I wrote about SNRS and the bogus buyout back then (click here to read about it) Of course the buyout never came to fruition. It was an obvious ploy to get people to buy their stock, and it worked. But now anyone with half a brain is staying far away from this awful stock.

Yesterday they announced a term sheet worth $300 million dollars and that drew exactly ZERO interest from investors who have obviously fallen for this trick for the last time.

Today SNRS, one minute before the market closed (what impeccable timing), announced a major announcement is coming tonight. Grab your popcorn! I am sure it will provide additional fodder for the blog.

It has been amazing how this company continues to issue and raise shares yet the bid is still there. The company has raised its authorized shares a mind boggling number of times and the current authorized share count is now 34 BILLION.

Click here to see the history of authorized share increases. Unbelievable.

In the last three months alone SNRS has raised its authorized shares 3 times from 20 billion then 25 billion and the current 34 billion figure. You can only assume the outstanding share count now rests over 25 billion and somewhere closer to 34 billion. Simply MIND BOGGLING. I have stocks to stay away from on the right side of my blog, I think SNRS deserves its own special place with an even bigger pile of turd cake. This stock will never move with this big share count.

If there is anything right about SNRS its the stock ticker as it shows the next likely step for this company and its unfortunate shareholders SNRS as in reverse split.


Sunrise Consulting Group, Inc. to Make a Major Announcement TonightMarketwire "Press Releases"
NEWPORT BEACH, CA -- (MARKET WIRE) -- 05/25/11 --Sunrise Consulting Group, Inc. (PINKSHEETS: SNRS) announced today that the company is currently in negotiations with a company that holds a patent on a very unique piece of technology that could become the standard for millions of paying customers in the multi-billion dollar mobile phone industry.
The company plans to make an announcement tonight with more details that include the name of the company, its current product line, and its revolutionary patented technology.



Sunrise Consulting Group, Inc. Company Reviews Multi-Million Dollar Term Sheet NEWPORT BEACH, CA, May 24, 2011 (MARKETWIRE via COMTEX) -- Sunrise Consulting Group, Inc. (PINKSHEETS: SNRS) announced today that the company is currently reviewing a term sheet worth $300 million dollars that will span over the course of six years. This multi-million dollar agreement will be paramount in the company's quest to solidify its position as an industry leader in portable solar related products and other solar related products. The company is currently reviewing the term sheet and plans to disclose further details to its shareholders no later than Friday, May 27, 2011.