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Does anyone know why Saean submitted unaudited financial statements?
Is this new : https://www.nasdaq.com/market-activity/stocks/sean
EMPM was revoked from the Market, ONLY. As I understand, the revoked company (Private, after revocation), would be a subsidiary of the current/parent company. Any company which still exists, and is no longer on the open market, due to revocation, is fully capable of being folded into SEAN - "IF" that's their desire. -- Everyone is waiting to see "IF" that's the case - Filings, consolidated financials, etc., should reveal more on that when they post...
b_h! I was surprised by your insight.
But if saean is promoted to otcqb/qx after s-1, will it become active stock trading?
In the case of saean, there will be almost no business sales.
But the shares have been revoked so how does this ever trade again?
That filing is inconclusive. While we didn't see EMPM mentioned, we ALSO didn't see Saean Inc. mentioned. - We haven't seen ANY filings for 2022 yet. There's still 327M shares left that Saean can issue for mergers/swaps. EMPM OS is 195M (>64% Saean owns).
"Generally", once a company begins the process of becoming current, one can expect it to take a few weeks. Every company is different with unique circumstances. I've seen some companies drop several years of filings all in one night, while others have taken a few months. I don't see any reason for Saean to have started the process of becoming current w/ filings, financials, etc. UNLESS they intend to be trading PUBLICLY. As I understand, their auditor (PCAOB) is pretty much a requirement for uplisting. They've already started putting their new trading symbol (SEAN) on their youtube videos too. Once SEAN is current, they should start trading. -With that said, most of the shares seem to be locked up (restricted) at the moment. So, it doesn't "appear" Saean wants their stock trading until they are ready. I don't know what they are waiting for...SEC? Auditor? S-1? Something else? We only have a few pieces of the puzzle to work with, hence, we still can't form any kind of conclusions until we see more filings or official announcements.
I wake up every morning looking for the filings that pertain directly to us. Believing and expecting big things here...very soon.
All IMO.
This was shared with me by another Saean investor whom I respect and go to for guidance. He's not posting on ihub, but here's some wisdom he shared, which I wholeheartedly agree with:
Our Duty, Saean's Duty:
Let's wait for more filings and official announcements from SEAN/Saean/EMPM.
SEAN is pink limited now.
https://www.otcmarkets.com/stock/SEAN/profile
Is that bad being it’s not empm?
Nice updates, thanks.
SAEAN EXOD video should be replaced.
https://t.me/otcupdates/44542
https://www.otcmarkets.com/stock/SEAN/overview
- a couple Saean videos were also added to OTCMarkets at bottom of overview page..
I'm unable to respond to private messages on ihub. Other than what's been publicly revealed, I don't know what's going on, or how we (EMPM/Saean shareholders) fit into things yet. - Just have to wait and continue being patient...
I check these sites often for updates/filings:
https://www.otcmarkets.com/stock/SEAN/security
https://esos.nv.gov/EntitySearch/OnlineEntitySearch
https://www.saeanmotors.com/about
http://m.dailycar.co.kr/content/news.html?maker_name=Saean
http://www.saeanmedi.com/71075a11a411429cb8cb96ccf983a4ca#
https://www.instagram.com/reel/CirgtrOjaYe/
https://bizfileonline.sos.ca.gov/search/business
Google "Saean" and check: News
Search twitter: $SEAN
Search youtube.
Good eye Hummingbird! Thanks for sharing that.
https://t.me/otcupdates/43813
We're getting close to the reveal...
SEAN just updated SS.
OS and Restricted shares increased by ~ 373 mil shares.
https://www.otcmarkets.com/stock/SEAN/security
To me, the wild card, is what role Qatar plays in all this?
My "opinion" is that IF Saean folds EMPM shares into SEAN, there will be little to no dilution.
My basis for this "theory" is Saean already owns over 64% of EMPM's outstanding shares. They have a vested interest. I believe THIS is their main motivation for rolling EMPM shares into SEAN. Reverse splitting their own shares would be diluting their own stake. Our shares are in the same pool as Saean's. So, they can't dilute ours without also diluting theirs.
If Saean didn't already have a vested interest, then there would be no reason to have pursued "control" of EMPM via the Court, and no reason to merge EMPM shares into SEAN.
As I understand, Saean only purchased the abandoned GPSI shell. They did not purchase any GPSI shares, that I'm aware of. I believe Saean "already" has shares they want to roll in. Hence, the reason why they reversed split GPSI (now SEAN), as to not dilute Saean's stake/shares being rolled in.
As I understand, Court basically handed Saean complete control of EMPM. All the EMPM officers currently listed on NVSOS were removed by Court Order in 2021. I'm not clear on why Saean never put their people in the officer slots. EMPM, now a private company, doesn't have to report like a publicly traded company, so we don't really know what's going on behind the scenes. If Saean plans to roll EMPM shares into their SEAN shell, then maybe there was no need to put their people in those officer slots.
I understand, there's the possibility something went wrong with the EMPM entity, in which case no one gets anything. I don't think that's the case but possible. I understand everyone's been waiting years to find out if we're in, or out... Personally, I BELIEVE we are in.
ALL of this is my opinion and unsubstantiated theory. But this is what makes sense to me.
Keep both feet on the ground
Wondering if this is the part where I start getting happy feet...
Possible scenarios for resurrection:
> Best Case - Integrating Saean with EMPM and honoring shares held at 1:1 value.
> Worst Case - No foreseeable integration.
> Wild Card...Dilution of EMPM shares rolled into Saean.
No telling what will happen...but with an office reemerging in Vegas...maybe we can get a little influence from Lady Luck!
Another update, removing those old officers:
https://t.me/otcupdates/43548
Watching closely...
Thanks.
Both Saean Group Inc and Saean Medi registrations with 700 Mil commons are active.
Part of SEAN profile updated.
https://www.otcmarkets.com/stock/SEAN/profile
It seems Saean has "overcome" many challenges and obstacles. They didn't disappear like so many other companies when hit with adversity. Dr. Lee/Saean kept fighting, continue to grow, and keep moving forward the whole time.
I believe Saean's perseverance will soon manifest victory for all of us.
Maybe we see some Filings now? .. Website looks good!
https://esos.nv.gov/EntitySearch/OnlineEntitySearch
Thanks for pointing out everything.
I agree everything seems to be coming together.
I did notice addition of the Purchasing Director to their executives profile also, btw.
From Oct 21, 22 Pr below,
https://www.saeanmotors.com/news/saean-group-signs-moa-with-epmb%2C-aims-to-produce-20%2C000-evs-in-malaysia
"Meanwhile, Saean Group and EPMB will visit South Korea by EPMB executives in November to coordinate additional details on the size of their investment, manufacturing location, product price and commercial launch schedule."
Perhaps, they will make some announcements very soon.
Looking at the big picture, it "appears" everything is coming together, once again.. And in a much bigger way this time.
Saean updated website. The VP status was just applied to Mr. Fattah's profile and Saean just added a Purchasing Director to the executive line-up. As we understand, Court Order gave Saean control of EMPM (being rolled into SEAN shell??). Saean Inc. kept active on NVSOS (another private company being rolled into SEAN shell??). On 11/22/22 Dr. Lee put in full control of SEAN shell (instrument to go public with?). October PR says manufacturing begins this year, and Nasdaq listing soon. - This all suggests we are close to finding out where we stand. I'm not breaking the Pom Poms out yet, but hopefully very soon!
A company needs a Purchasing Director to ensure it obtains goods and services it needs at the best possible price, and for developing procurement strategies to acquire raw materials. - Hence, manufacturing plans are about to begin?
Looking forward to the announcements...
Looking for announcements any day now, see where we, EMPM shareholders (Saean Investors) stand in all this...
https://www.saeanmotors.com/exod-2
Nice, sleek and classic design.
Thanks.
Yes, it is the right time to enter the market.
Competition is ramping up.
https://www.yahoo.com/finance/news/vinfast-slashes-lease-prices-first-034802320.html
Looking forward to SEAN/EMPM announcements soon.
Me too. I still have 120,520 left.
Hope so, still got 90k shares sitting in my account with a big red $0.00 next to it ??