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WBUY nice surprise from 18 swing
To answer some of the PMs I've received: - No, I have not given up. I'm still waiting like everyone else. It appears Saean is going public via SEAN, not EMPM. - However, as stated before, it's my belief, they "may" decide to fold or reverse merge our shares in. That's what I'm hoping and believing for, and still waiting to find out.
As you know, Saean signed an MOU (Memorandum of Understanding) last year:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=172756834
An MOU is a prelude to a finalized contract. I haven't seen anything more about the status of this since that 9/4/23 PR. I don't know if this has any bearing on mergers. The other PRs continue to mention Saudi, so I'm under the impression this $1.1B contract is still on the table?
As I've said before, Dr. Lee/Saean's core belief and mottto is: "Nothing is Impossible." - That's a very profound, bold and powerful statement. I continue to BELIEVE we are still part of this, and that both ours, and Saean's expectations are being exceeded. Sometimes a longer growing season can translate into a more bountiful harvest.
Pray, hope, believe, and continue patiently waiting for more to be revealed... There's really nothing else I have to say about this. -- Still waiting to see where we stand...
Still not empm💁🏿♂️
Saean Group Inc.,
Pls integrate our revoked EMPM/Saean Inc. shares into SEAN listing.
All of us want to be a part SEAN listing.
-----------------------------
EMPM/Saean Inc.
Outstanding Shares
195,837,336 shares
Restricted
131,860,669 shares
67.33% of OS
Unrestricted
63,976,667 shares
32.67% of OS
-------------------------------
SEAN
Outstanding Shares
373,164,341
04/10/2023
Restricted
373,154,274
04/10/2023
Unrestricted
10,067
04/10/2023
Held at DTC
8,869
04/10/2023
--------------------------
Hearing any new development, BH? Thanks.
I don't believe it is over either.
Still waiting for any update on EMPM/SEAN.
thought EMPM got revoked, the ticker is gone now so dont see anyway it could be revived
Exactly my conclusion
If Saean does not relist EMPM but instead went with SEAN as it seems the list of shareholders in the filing are likely private Saean Inc. shareholders that Saean intended to integrate/distribute in EMPM/Saean Inc. restricted shares initially then we stand to lose our investments in EMPM/Saean Inc. shares.
There was a whole lot of reorganizing and rearranging that took place. Based on the filing, it seems they have more things to do. Exod Inc., as stated in filing, is supposed to be dissolved soon, as part of the merger process.
The reverse capitalization section of the filing was interesting.
As we understand, EMPM was a subsidiary of Saean Inc. - And I don't see where that ever changed. Saean regained control of EMPM via Court victory. Saean never dissolved EMPM, and became private after revocation. Revocations are easily reinstated, unless permanently revoked, which is not the case.
I suppose EMPM (if it even is EMPM anymore) could possibly be saved for something else. After all, Dr. Lee owns at least 64% of this, compared to owning around 20% of Saean Group. Maybe he would like to have majority ownership of something, and this is it? Just a thought...
This is all conjecture and opinion on my part. I have no idea what will happen with this entity, or if it's even part of the equation any more. - But I don't see anything that says this is over either. -Still waiting to see what is, and what isn't...
Thanks, BH.
Hopefully, next filing is our EMPM/SEAN status update.
https://www.otcmarkets.com/otcapi/company/financial-report/382022/content
I don't know how this applies to all of us who invested in Saean through EMPM.
Waiting to see more information that hopefully clarifies our status...
https://www.otcmarkets.com/stock/SEAN/news
2 prs for SEAN in the last 2 weeks.
Thanks, BH.
I am unable to send pm as a free member outside of happy hour either.
I also think it is an error and do not believe Saean would abandon EMPM shell either as they must have spent $1-2+ mil acquiring it and on ex-EMPM management salary during 2-3 years.
I wish they would release some update. Perhaps, everyone should contact/email them - info@saeangroup.com.
https://www.otcmarkets.com/stock/SEAN/profile
Since I have a free membership here, I can only send/respond PMs via ihub's happy hour event. I breezed through a few 8ks but didn't notice anything. Like I said, it might be an error because I don't see anything anywhere. Though interesting, it wasn't important enough for me to spend too much time on.
After 3 years of waiting, we still don't know where we stand in all this. It doesn't matter what Saean Group does, "IF" EMPM was abandoned after the lawsuit. I don't believe that's the case, but IF it was, then the EMPM shareholders get absolutely nothing. -That's the bottom line.
I understand why so many here no longer post, have given up, and become jaded after waiting so long. I still haven't given up hope. I continue to be patient, but I do understand after waiting 3 years we should at least know if we are in or out. But if we knew the answer to that, we wouldn't need faith.
It ain't over yet!
Interesting pm, BH.
Anything mentioned in MULN filiings?
Looking forward to more filings, BH.
Thanks.
I believe you're right HB. That was the audited version of Saean R&D w/ an Annual Report/Annual Disclosure Statement mixed in. We still haven't seen the "audited" PCAOB filings for Saean Group, which may answer those questions we have.
Continuing to be patient. Story unfolding...
Yeah, I am not either.
But it looks like an audited version of 2022 Annual filing which they initially filed back on 04/28/23?
https://www.otcmarkets.com/stock/SEAN/disclosure
1. Organization and description of business
SAEAN R&D INC. (formerly SAEAN INC) (the Company) was incorporated in December 1, 2013 under the laws of the Republic of Korea to engage in the design and development service of electric vehicles.
The Company’s headquarter and R&D center is located in Hanam-si, Gyeonggi- do, Republic of Korea. The Company has adopted December 31 fiscal year end.
The Company’s major shareholder is Saean Group Inc., located in CA, United States of America, with 93.36% ownership as of December 31, 2022.
I'm not an expert in interpreting these type reports, but that filing left me with more questions than answers.
Saean just filed audited 2022 Annual Report.
https://www.otcmarkets.com/stock/SEAN/disclosure
07/03/2023 Annual Report - Annual Report For the period ending Dec 31 2022 12/31/2022 A
https://www.otcmarkets.com/stock/SEAN/disclosure
No impact. Right now Empm is completely worthless
Some here think John Lee will monetize Empm I don’t believe it will happen but do hope im wrong.
Sean finally had a trade today. Does this mean anything for empm good or bad
pls be patient and wait for more relevant filings/news.
Still nothing to do with empm tho ??
SAEAN Group Unveils Revolutionary 30-Ton Electric Truck, Tackling Global Carbon Emissions Crisis with Smoke and Noise-Free Solution
Newsfile Corp.
Newsfile Corp
The Republic of Korea's SAEAN 30-ton electric dump truck commercializes eco-friendly technology.
Gyeonggi-do, Republic of Korea--(Newsfile Corp. - June 5, 2023) - SAEAN Group, based in the Republic of Korea, has recently launched a 30-ton electric dump truck that aims to address the global issue of carbon emissions, providing a solution that is both smoke and noise-free. This innovative vehicle represents a significant step forward in eco-friendly technology.
SAEAN Group
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8199/168798_8584de8834a28936_001full.jpg
SAEAN Group unveiled its 30-ton articulated electric dump truck, which emits no noise or fumes, as a means to combat carbon emissions. The truck underwent a performance test on May 31 at the Construction Machinery Parts Research Center in Gunsan, Jeollabuk-do, Republic of Korea.
Electric trucks, in particular, which rely on high-powered electric batteries, necessitate advanced safety systems to prevent fire hazards.
SAEAN's 30-ton articulated electric dump truck is equipped with a 300kWh battery and a 250kW electric motor, enabling it to travel up to 100km on a single charge. Moreover, it can be used in construction and industrial operations in enclosed spaces such as tunnels, as it operates without an internal combustion engine, significantly reducing carbon emissions.
On May 31, SAEAN conducted a performance test of its 30-ton articulated electric dump truck (prototype) at the Construction Machinery Parts Research Institute's Comprehensive Test Center in Gunsan, Jeollabuk-do, Republic of Korea. Officials from TD Lease in Japan, which signed a supply contract with SAEAN late last year, were present. SAEAN's electric truck demonstrated impressive performance in off-road climbing and driving on a 1-kilometer circuit. It was also recognized as an eco-friendly electric dump truck with zero emissions, making it suitable for construction in enclosed spaces like tunnels.
On December 13, 2022, SAEAN signed a contract at the SAEAN Technical Research Center in the Republic of Korea to supply TD Lease of Japan with a 30-ton articulated electric dump truck. John Lee, CEO of SAEAN Motors, stated that production will begin next year, with an initial delivery of 45 units to Japan. He further emphasized that the 30-ton articulated electric dump truck will not only be utilized in Japan but also in global markets such as the United States, Australia, and Southeast Asia.
SAEAN has been at the forefront of the electric vehicle market with its development of various vehicles, including the ultra-small micro electric vehicle "WID-U," the electric compact SUV "WID SUV," the electric sports car "EXOD," and electric forklift trucks for construction machinery.
For more information about the SAEAN Group, please visit their website at https://www.saeanmotors.com or contact Jong-ho Cha at Saean R&D Inc.
Media Details -
Company Name: Saean R&D Inc.
Contact Name: Jong-ho Cha
Email: jongho.cha@saeangroup.com
City: Gyeonggi-do
Country: Republic of Korea
Website: https://www.saeanmotors.com
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/168798
SOURCE Ankit
https://api.newsfilecorp.com/newsinfo/168798/130
https://www.otcmarkets.com/stock/SEAN/news/story?e&id=2547374
B_H! Which site can I search to see if Saean has applied for s1 registration or not?
Been holding these shares forever it seems so whatever happens if it’s positive will be Pennies from heaven. Best case is these get brought into a 1 to 1 situation from what I am getting from this board and then they start trading again. What’s your guess on value if these do get brought into the fold ? Are we thinking a dollar or pennies again.
Been holding these shares forever it seems so whatever happens if it’s positive will be Pennies from heaven. Best case is these get brought into a 1 to 1 situation from what I am getting from this board and then they start trading again. What’s your guess on value if these do get brought into the fold ? Are we thinking a dollar or pennies again.
Looking forward to future filings & more good news, Bountiful_Harvest.
Nice update on https://www.saeanmotors.com/, btw.
I truly believe we will get there, Brother!
https://www.saeanmotors.com/
Saean is a great company with a great innovative team and a bright future. I think the delays and long waiting periods have worked in everyones' favor, being even bigger and better now, than the original plans. A longer growing season can translate into a more bountiful harvest.
T = Together
E = Everyone
A = Achieves
M = More
According to an 8k filed in 2019 regarding "change in control", there was a stock purchase agreement giving Saean Inc. control of EMPM. The 8k also indicated that EMPM was a "control subsidiary" of Saean Inc.
According to an 8k filed in 2019 regarding "change in control", there was a stock purchase agreement giving Saean Inc. control of EMPM. The 8k also indicated that EMPM was a "control subsidiary" of Saean Inc.
Both Saean Inc and EMPM have been "private" companies for a while now,.. so anything could have happened behind the scenes. We just haven't been privy too, or seen any evidence of what has happened yet. - just like no one knew about the Saean R&D merger, until it was publicly announced.
Ok.
I thought there were filings merging EMPM shell to Saean Inc. before the court case. So, that was not the case then.
Looking forward to future filings.
Thanks again.
To clarify, we still don't know what Saean Inc.'s OS is, only EMPM’s. - As far as we know, those two entities (EMPM and Saean inc.) are separate, have different share structures, and not connected.
According to NVSOS, Saean Inc has an AS of 220M, with OS being "unknown". It’s been that way for years.
https://esos.nv.gov/EntitySearch/BusinessInformation
As it stands, we still have no idea if EMPM was merged with any other entity, or "if" they will use EMPM, or if they have plans for it at some point in the future, or if they just decided to walk away from it all together. I haven’t seen anything on it, since the lawsuit was concluded. At this point, EMPM is a complete mystery. It doesn't look like we're going to know, or be able to figure it out, until it's revealed in future filings.
With that said, I continue to believe we are somehow in this, for reasons I’ve stated all along.
Ok, Bountiful_Harvest.
Thanks for the clarifications.
Hey Hummingbird. I don't know yet. That's the same question I'm asking. It appears the story is still evolving? There were two Saean Inc.s. - (1) Saean Inc. Korea, and (2) Saean Inc. NV, USA.
We've seen some filings for Saean R&D, but not Saean Group (SEAN) yet, which is the entity going public. More pieces of the puzzle are showing up, but not enough to solve the equation.
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