In 1996, SoftRam, developed by Syncronys, was said to “double” available memory for Windows before FTC brought charges against them for “False and Misleading” claims ranking as third “Worst Tech Product of All Time” by PC World in 2006. Syncronys International (SNTL) hopes to avoid the hit 80’s song of the Police as the penny stock plows through resistance levels having gained 635% since late June. “A Place Called Hope” is where SNTL stock is at present: Hope that it doesn’t rank in the “Worst OTC Penny Stocks of All Time” from false claims about their recent LOI and the $15 Million annual revenues they could book.
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SNTL Stock Chart
5 Day Percent Change: 56.25%
5 Day Moving Average: 0.1016
5 Day Average Volume: 166,900
a/o Jun 30, 2012:
Shares Authorized: 150,000,000
Shares Outstanding: 68,272,403
Syncronys is going to be fueled on wednesday by their recent announcement of a Letter of Intent the Company signed to acquire Zillacomm, Inc. and Zillacomm Canada. Said to have expected annual revenues exceeding $15 Million, this would be an incredible move by a Company would claimed to have just $151 in the bank as of June 30 and $0 revenues for the year to date.
Couple this LOI with the Company’s May announcement whereas Bishop Duane Swilley, Founder of A Place Called Hope, was said to have chosen Syncronys Solar Energy Products for their ongoing outreach programs, its no act of God that has caused the penny stock to bounce off its June 25th low, 0.017. With a bit of luck, the ministry based in Cooper City, Florida can count on Rex Gay, CEO of Syncronys, delivering on his word of providing the Company’s solar products.
About SNTL Stock
Syncronys International Inc. manufactures and markets Alternative Energy products for new installations and as replacements for fossil fuel energy generation equipment. The Company has a comprehensive strategy for providing total energy solutions for a wide range of Green Energy applications and Micro Utility, Micro Grid and Smart Grid initiatives to residential, commercial, agricultural, community, and governmental users on any domestic and international level. Products include:
• State-of-the-art solar power generation products for use as a primary, emergency, and back-up power sources
• Solar driven water pumps for remote, off-grid locations to provide water to for drinking, irrigation and general use
• Wind generators to provide power for both grid-tie and off-grid applications
• A proprietary, state of the art, highly intelligent programmable electronic controller to provide power and performance management
Click here to review the recently updated financials of SNTL.
Bottom Line: This penny stock appears to be a bit too shiny for my liking with claims to be a massive green energy conglomerate where its financial statements appear to be more like a homeless shelter. SNTL stock may continue to trade based on momentum alone, but luckily, the press releases are not in printed form so as to not waste good toilet paper.
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