DD Support Board and Research Team

[nodummy]

SAVW - yeah it seems to be following that same pattern of being pumped and dumped about once every 6 weeks. Over time though the growing float will keep taking the share price down lower and the stock will see lower highs and lower lows.


The last 10Q for SAVW was really ugly.

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=7949793

Only $27,163 in cash
Only $3,784 in revenues
$171,986 in accrued expenses
$1,856,849 in loans and interest owed
Net losses of $1,323,297 for the three months ended March 31, 2011
Accumulated deficit amounting to $40,526,561

And lots and lots of discounted shares being issued for debts, but the most disturbing share issuance for debt was the shares given to Isaac H. Sutton.

On March 31, 2010, Isaac H. Sutton was elected to the Board of Directors and currently serves as the Company's new President and sole director.

As of December 31, 2010, the Company recorded $30,000 expense related to consulting fees earned by Isaac H. Sutton for 6 months.

During the Period of April 1, 2010 - December 31, 2010, the Company received $479,600 of short term funding from Sutton Global Associates, Inc., which is a related party since this company is controlled by Isaac H. Sutton the Company's President and Sole Director.

In the three months ending March 31, 2011, the Company received short term funding from Sutton Global Associates, Inc. of approximately $430,000.

That's a total of $909,600 borrowed from Isaac Sutton. That would seem like a good sign that an officer of the company is willing to invest his own money in the company - until you see the absurd way that officer used that loan to enrich himself at the expense of the common shareholders.

In January 2011, Sutton Global converted $250,000 of debt into 5,000,000 shares of Preferred Series A stock.

Each Preferred Series A share converts into 500 common shares at any time that Isaac Sutton wants to convert them.

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=7857400

That means for $250,000 worth of debt Isaac Sutton got 2,500,000,000 common shares of stock. That's a debt conversion ratio of $.0001/share. Talk about super discounted shares.

At the time of the conversion SAVW was trading at around $.01/share. That means that Sutton paid himself back $25,000,000 for that $250,000 loan.

Even at today's current trading price of $.0062/share that $250,000 loan became $15,500,000.

It is pretty obvious, in my opinion, that Sutton let SAVW borrow money as a way to enrich himself with absolutely no regard for the SAVW shareholders. The loans were short term loans (not long term) and in less than one year Sutton was already cashing in on those loans by paying himself back 100 X's more than he let the company borrow.

As of March 31, 2011 SAVW still owes Sutton $666,253.

So if he converts the other $666,253 that he is still owed at the same conversion rate of $.0001/share that will be another 6,662,533,000 common shares.