This is what the filing will look like when this stock is revoked.
UNITED STATES OF AMERICA
Before the
SECURITIES AND EXCHANGE COMMISSION
SECURITIES EXCHANGE ACT OF 1934
Release No. 75430 / July 13, 2015
ADMINISTRATIVE PROCEEDING
File No. 3-16596
In the Matter of
Oraco Resources, Inc.,
SaviCorp
(a/k/a SaVi Media Group, Inc.),
Smoky Market Foods, Inc.,
Soltera Mining Corp., and
Wolverine Holding Corp.
(a/k/a Mobility Plus Medical Equipment, Inc.),
Respondents.
ORDER MAKING FINDINGS
AND REVOKING
REGISTRATION OF
SECURITIES PURSUANT TO
SECTION 12(j) OF THE
SECURITIES EXCHANGE ACT
OF 1934 AS TO SAVICORP
(A/K/A SAVI MEDIA GROUP,
INC.)
I.
The Securities and Exchange Commission (“Commission”) deems it necessary
and appropriate for the protection of investors to accept the Offer of Settlement submitted
by SaviCorp (a/k/a SaVi Media Group, Inc.) (“SVMI” or “Respondent”) pursuant to Rule
240(a) of the Rules of Practice of the Commission, 17 C.F.R. § 201.240(a), for the
purpose of settlement of these proceedings initiated against Respondent on June 17, 2015,
pursuant to Section 12(j) of the Securities Exchange Act of 1934 (“Exchange Act”).
II.
Solely for the purpose of these proceedings and any other proceedings brought by
or on behalf of the Commission, or to which the Commission is a party, and without
admitting or denying the findings herein, except as to the Commission’s jurisdiction over
it and the subject matter of these proceedings, which are admitted, Respondent consents
to the entry of this Order Making Findings and Revoking Registration of Securities
Pursuant to Section 12(j) of the Securities Exchange Act of 1934 as to SaviCorp (a/k/a
SaVi Media Group, Inc.) (“Order”), as set forth below.
2
III.
On the basis of this Order and Respondent’s Offer, the Commission finds that1:
1. SVMI (CIK No. 1096637) is a Nevada corporation located in
Santa Ana, California with a class of securities registered with the Commission
under Exchange Act Section 12(g). As of June 10, 2015, the common stock of
SVMI (symbol SVMI) was quoted on OTC Link (formerly Pink Sheets) operated
by OTC Markets Inc., had ten market makers, and was eligible for the
“piggyback” exception of Exchange Act Rule 15c2-11(f)(3).
2. SVMI failed to comply with Exchange Act Section 13(a) and
Rules 13a-1 and 13a-13 thereunder because it failed to file timely periodic reports
for the periods from the period ended December 31, 2013 through the period
ended March 31, 2015, inclusive.
IV.
In view of the foregoing, the Commission deems it necessary and appropriate for
the protection of investors to impose the sanction specified in Respondent’s Offer.
Accordingly, it is hereby ORDERED that:
Pursuant to Section 12(j) of the Exchange Act, the registration of each class of
Respondent’s securities registered pursuant to Exchange Act Section 12 be, and hereby
is, revoked.
For the Commission, by its Secretary, pursuant to delegated authority.
Brent J. Fields
Secretary
1The findings herein are made pursuant to Respondent’s Offer of Settlement and are not binding
on any other person or entity in this or any other proceeding.
