For all this talk that everyone has lost their money in SAVI, I say not so fast. Yes, it is true we do not know what is happening at SAVI headquarters, but we do know they must be selling something because the doors are still open. I know that has become a joke on this board, but IT IS TRUE. There are no other sources of capital to keep the doors open than they are making some sales.
Therefore, why are there no big contracts that can be announced? I think the reality is it is very tough to make the big sales. Management made the decision to go after the big blockbuster sale, and frankly it takes time, obviously a lot of time. There was one prominent member on this board in the past that I believe got very mad with management for not going after the small sales in the beginning, like the dealerships and individual customers. For one thing, I think they did, but for whatever reason it was a hard sell for individual customers to pay for the product and I think similarly the dealerships could not justify the cost for their used car fleet.
So what has management been doing all this time? I say they have been trying to get the one, two or three HUGE sales out there and it takes a lot of time. I am talking about 50 million to hundreds of million dollars in sales. I do not know if that is the case, but in my opinion, I think that is what they must be doing. Who knows if they will get it, but we have not lost our savings yet, and for my 2 cents I think they are trying as hard as they can to get the HUGE contract, because with all the talk of China and Dubai that seems to be the case.
The reality is there is nothing we can do than to wait for the BIG sale or wait for the doors to close.
