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See the otcmarkets SEAN.
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EMPM was revoked from the Market, ONLY.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But the shares have been revoked so how does this ever trade again?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:
As Management does their job, tirelessly working to improve our collective situation, supporting management & like-minded “INVESTORS,” with Prayer, Relevant and Unifying DD, is OUR JOB!
NO MATTER HOW LONG IT TAKES… WE SHALL PERSEVERE!
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?
03/28/2023 Annual Report - SAEAN R&D_2020-2021_EDGAR 12/31/2021
https://www.otcmarkets.com/stock/SEAN/disclosure
The Company’s major shareholder is Saean Group Inc., located in CA, United States of America, with 93.36% ownership as of December 31,
2021
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 ??
More concept designs found online....
Here's an older video with Ford designer Steve Parks. The background shown in their research studio is what piqued my curiosity:
https://vimeo.com/540447398
This one looks similar to the EDX Taipan design just posted on Saean's website:
"Now" is the time to enter the market.
According to the PR below, Saean begins production this year. They also indicated Nasdaq soon:
https://www.nst.com.my/business/2022/10/841394/epmb-saean-group-jointly-manufacture-evs-aims-20000-electric-cars-annually
Under its expansion plan, a sports EV model will begin limited production next year for the United States (US) market. The company is also en route to a listing on Nasdaq soon.
Hyundai Reveals New EV Price, Rolls Out Its First US-Made Cars
The South Korean electric vehicle maker has good news about prices for its EVs.
KIRK O’NEILFEB 22, 2023 5:37 PM EST
The competition for electric vehicle production in the U.S. is growing as EV makers open more assembly plants and produce and sell more EVs.
Tesla (TSLA) - Get Free Report is by far the leading producer of electric vehicles having set a record with 1.37 million EVs produced in 2022. The company has set a goal to produce 20 million EVs a year by 2030.
DON'T MISS: Toyota Plans a Key (U.S.) Move in New Electric Vehicle Strategy
The EV manufacturer's assembly plants in Austin, Texas, and Fremont, Calif., have the combined production capacity of 900,000. The company's Shanghai manufacturing plant has a 750,000 vehicle production capacity, while its German factory has a 250,000 vehicle capacity.
Tesla is expanding further as it plans to build a $3.6 billion battery and Tesla Semi truck manufacturing plant in Northern Nevada, The White House confirmed on Jan. 24.
Ford (F) - Get Free Report sold 61,575 all-electric vehicles in 2022 and has said it plans to have 40% to 50% of its global vehicle volume to be fully electric by 2030. The company produces vehicles at its Dearborn, Mich., facility and is building its Blue Oval City assembly plant in Stanton, Tenn., which it plans to open in 2025.
General Motors (GM) - Get Free Report sold 39,096 EVs last year and has targeted 50% of its new vehicles sold by 2030 to be zero-emissions vehicles. It currently builds vehicles at its factories in Detroit and Spring Hill, Tenn.
South Korean EV manufacturer Hyundai is ramping up production as it last October broke ground on a $5.5 billion plant located along I-16 in Bryan County near Savannah, Ga., and would employ about 8,500 people.
Hyundai Ioniq 6 Lead JS
Hyundai
Hyundai Rolls its First EV Off a U.S. Assembly Line
Hyundai's plans to build its plant in Georgia comes on the heels of Rivian's December announcement that it plans to build its second U.S. plant in Georgia with production slated to begin in 2025.
Hyundai is giving Tesla, Ford and GM some fierce competition as it sold 175,000 all-electric vehicles in 2022, a 56% increase year-over-year, including 24,000 in December.
The South Korean EV maker had a lot to celebrate on Fat Tuesday when it rolled its first EV ever off a U.S. assembly line on Feb. 21, as it began making its Genesis GV70 all-electric SUV at its plant in Montgomery, Ala., Electrek reported. The GV 70 is the luxury brand's first model constructed outside South Korea.
Ioniq 6 Will Have a Competitive Price
Hyundai also manufactures the Ioniq 5 and the Kia EV6 all-electric vehicles and will debut its new Ioniq 6 in the U.S. in the spring. When the Ioniq 6 hits the showrooms, the price of the new model will be stiff competition for Tesla and other EV sedan makers, as it just revealed the manufacturer's suggested retail price of $41,600, according to its website.
The Ioniq 6, which is promoted by actor Kevin Bacon in its TV commercials, gets up to an EPA-estimated 361 miles on a single charge, according to its website. The EV has standard ultra-fast charging capability which lets owners charge up to 80% in as little as 18 minutes with a 350-kW, 800V charger. The company claims the car is its most aerodynamic thanks to its active air flaps, covered underbody, and rear wing.
Kirk O’Neil
BY KIRK O’NEIL
https://www.thestreet.com/electric-vehicles/hyundai-rolls-first-ev-off-us-assembly-line?puc=yahoo&cm_ven=YAHOO&yptr=yahoo
Interesting choice of words regarding the phoenix metaphor. I like some of those words and phrases!
Phoenix Meaning:
This symbolizes rebirth, renewal and the never-ending circle of life. In this context, the phoenix is often seen as a metaphor for hope, as it rises from the ashes time and time again. It's also considered to be a sign of strength in the face of adversity.
Thanks BH...Have always loved your positivity.
Having watched and read up on everything that has been going on over the past few years quietly, I saw some disparity in the relationship that was destined to unfold. It really was a tough position to be in during the strife. There were different expectations from different cultures at the senior leadership level, and I don't think it was a good match due to the need for sustainability of the C-Suite position without funding, or simultaneous business venture on the side to support needs while riding out the wait.
But for those of us who have invested with the assumption that this would be long term, it is just like any other speculation, and we have to be prepared to have that investment sidelined for an undetermined amount of time, with hopes to be around when the phoenix eventually rises from the ashes... As they say...best of luck to us all.
Thank-you and I like your way of thinking on this one.
I gave up hope on my remaining shares, so this would be a nice surprise.
Not counting on it though, but hopeful something positive comes out of it.
Good to see you again, MadeMan. It may prove wise that you held onto some shares. Hoping Knight of Cups is greatly rewarded for holding those 50,000 shares.
Since our EMPM shares are in the same pool as Dr. Lee's/Saean's shares, I doubt we will see much dilution, if any. As I understand, Saean never sold their shares, as they were restricted.
Also, we might have another ground-floor opportunity with Saean Medical. As I understand, "that" entity will be registered on the OTC. I think it's a strategic move to wait on listing that one, until after Saean Group gets listed. - Probably see some proceeds from their Nasdaq listing get rolled into SaeanMedi.
I know we've been waiting a long time, some of us for years... But, perhaps, the delays have resulted in a substantially higher valuation (judging by their website updates, it looks that way). Originally, Saean had plans to slow walk from OTC to NASDAQ back in 2019/20. Had that been the case, most of us would've sold our shares on the way to Nasdaq. My logic, is that the delays and not being able to trade has protected/preserved our entire positions --- for what "appears" to now be a direct listing on Nasdaq. --- I'm "believing" this has all worked in our favor.
Complete certainty is a rare luxury in life. We are usually left guessing (speculating), and an educated guess is the best we can do at this point.
Hoping and expecting our long growing season will soon turn into a bountiful harvest, indeed
Thanks for keeping us updated BH. First time I have been back to this board in a long time.
Same here... still holding some.
True, very well said.
SAEAN Electric Supercar EXOD
Correct. Waiting and not knowing where we stand in all this can be challenging, but that's where faith comes in.
Faith and Patience are the power twins. - Faith is believing.. and Patience is continuing to believe through the challenges. Recently, Dr. Lee had a real interesting and encouraging testimony on his youtube channel. It's been since removed but coincides with that mindset.
I believe doors that were once closed to Saean are now open...on a global scale.
I did some research on all the Saean officers listed on all their different entities. They seem to be a very family and faith-oriented group, with a foundation in honor. With that said, I don't see Team Saean leaving EMPM shareholders behind. We are in fact Saean investors.
So, assuming we are involved in merger, I plan to be a long-term shareholder for years to come. Of course I'll be trading shares to secure some long-awaited gains, but plan to buy back on the dips for long term investment.. I like Team Saean's vision...a lot! Maybe more than even Tesla.
Also, Saean has plans for another SUV:, in addition to what's already been revealed on their website:
:
http://m.dailycar.co.kr/content/news.html?type=view&autoId=46474
There's always some doubters and naysayers, but yes, I too say, let's see what happens in this New Year. January 22 is Korea's New Year.
Looks like we are getting closer...
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