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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
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 ??
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