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Haven't they said that before?
"Company has dramatically increased its sales and is now profitable."
What's so great about it?
SUTI - GREAT NEWS IS OUT!!!
http://finance.yahoo.com/news/sutimco-international-posts-quarterly-earnings-164600668.html
Quarterly financials were released May 15th, notice the increase in Net Income for this quarter?? Looks impressive!
http://www.otcmarkets.com/financialReportViewer?symbol=SUTI&id=81553
SUTI
I picked up a starter position... It looks like smart money has been loading for a BIG run.
The reason for the promotion is because BOOST will be dumping shares on the ones who buy, be careful its your money.
SUTI~Sitting on nice gains here and looking forward to the next several weeks here
chart seems to be in a solid uptrend.. .091 was the pullback...IMO
Going to buy in next week. Wait for the pullback and then watch as this bursts to even higher highs. Lots of interest on that promotion here.
looks like this ones is ready for take off...ba boom! of course with a little volume..needed!
i think something is up here.. i'm watching this one closely.
I'm sorry you feel that way but it just hit .18 cents! For a total gain of a little more that 550% Phenomenal Penny Stocks will be promoting this for a couple more weeks. Prediction is $0.30 + cents. But since it just passed it's initial resistance at .15 cents, we could easily see a dollar on this one.
Management sucks, and BOOST is dumping at any occasion they can, so go ahead, throw your money at this stock.
SUTI is FLYING! 3 days ago, Phenomenal Penny Stock alerted this super thin float stock @ 0.03 cents and today it hit 0.14 cents! 366% gain in 3 days! Prediction is 0.30 + cents. Phenomenal penny stocks only deal with multi-week campaigns so there is still plenty of room to get in. Visit link below, it is a 100% buy all across the board!
http://www.barchart.com/opinions/stocks/SUTI
Impressive volume. This moves quick!
SUTI
Disagree. The bid/ask spread is so wide, and the volume is so small, that I think there is almost no possibility to use this as a trading idea. Not on the long side; not on the short side. It would be one of the shorts of ALL TIME if you could borrow it, and if the price was high enough. But with a market cap of ~$800K, it really has nowhere to fall.
Certainly there is no actual good news coming from this company. There's a press release about "eight business units", which is mostly utter bullshit. To my knowledge they do not have a single one established, much less obtain revenues from any.
These are some pretty smart guys, but this is one of the biggest duds in the stock market. At least if they were honest about what little is going on, we might have a reason to trust them. But there appears to be essentially zero integrity, and the spoils here are de minimus to boot. I would just give Sutimco a wide berth.
Everything these guys have said and more. This is a typical example of a smoke-and-mirrors pink sheets company, with all sorts of stuff going on behind the scenes. Unfortunately, there is really no way to short the company's stock (then again, it's hardly worth doing, given that Sutimco's market capitalization is about $600K). Some of the guys on the management team are, as far as I can tell, pure flim-flam artists. Certainly that appears to be true of the founder and Chairman Fred Rogers.
Sutimco stemmed from buying an empty public shell, and raising funds for it, a couple of years ago. Not a problem in and of itself. HOWEVER, the use of proceeds from that raise (if memory serves, it was around $9 million) was to pay the founder Fred Rogers for a little private company that he owned, named SUTI. In that deal, SUTI's assets became Sutimco's. SUTI consisted of nothing more than minority stakes in a few pre-revenue tech companies. Anyhow, as far as I can tell, just a few percent of the proceeds of the financing made it onto Sutimco's balance sheet -- the vast majority were pocketed by Fred.
Sutimco exists on vapor, as I don't believe it is seeing any distributions whatsoever from its portfolio of startups. I do not think that its 3-5 employees are being paid -- if so, they're being paid at most a mere pittance.
An acquaintance of mine who used to work there told me that Mr. Rogers zealously guards his phone number, and in fact blocks caller ID on outbound calls. No wonder! I am sure that the folks who bought shares of Sutimco on the open market a couple of years ago aren't too happy. His phone # is 800-360-7884 x7002. Give him a call!
This company is complete crooks ! IMO
Worst stock ever. No money flows, no trades.
I hate SUTI.
When does bankruptes come for this pitiful company
Maybe some insiders no something. Don't care as long as it goes up. lol
OK guys, what just happened? I'm out for the afternoon and suddenly there is volume and higher than expected PPS numbers. Any explanation?
I can't do private. They've got 30 mil to sell, so I think they'll gush if given the chance. I think the down-low buys are people figuring the same as you. Be careful.
Wish I could be more optimistic. GLTY
After the R/S the max OS from existing shareholders was 3.3 mil. The actual, I believe, was much lower, more like 670,000.
In the PR that announced the R/S the company stated they expected the OS to be about 30 mil after completion, which means they planned to issue and sell quite a few new shares. I believe they tried to do that through VFIN without a lot of success.
The AS, on the other hand, is 960 mil, par value $0.001. See link below for filing with the Nevada Secretary of State:
http://nvsos.gov/sosentitysearch/CorpDetails.aspx?lx8nvq=3qx4hm2n442ri3%252fWAZJXGA%253d%253d&nt7=0
Scam or not his has possibilities. After the R/S the AS should be around 3.3 million and one good pump can send this rocking. They are not sending out PR’s for their health.
Scam? Maybe. Money Maker? Maybe
But right now at these prices I’m liking the risk vs. reward on SUTI
SUTI is a scam, I doubt the people are even real there. Just another R/S scam...
We here at SUTIMCo are growing and expanding our eight units to come behind you the investor to give you the business. I got to give the guy credit who wrote that release, but I'm sorry, if you gift wrap a turd it looks good but it still smells.
SUTI is the best stock in the universe. At least my universe anyway. Now all we need is some effort behind this like SPAH.
Love,hate relationship, I love to hate it!LOL
I absolutely love this stock. Lol.
Looking for some good gas milage this last summer and stumbled on a 95 Miata from an 85 yesr old guy that didn't have a clue what he had, stole it almost felt bad, almost.lol
Right now I don't have one. Have had 3 XKE coupes. My brown '67 with buckskin interior was sweet. Drove it for eight summers. As soon as one of my stocks hits I want to get a red '67 roadster. Always wanted a roadster.
In the mean time I'll have to be happy with a blue '99 Mercedez SLK 230.
GLTY
Hey Jagman what kind of jag do you have? I had a sweet 88 XJS for about 4 years, med grey w/silver interior. Loved tearing up camaros and mustangs at 30 mph starts. Can't beat those 12 cylinders!lol
The $50k was granted to a client company. While it made a nice PR, it would not show anywhere in SUTIs financials. That specific thing is a dead end.
Lying and deceiving investors is *illegal*! Pretty sure we can prove that here.
If I find suspicious accounting activity, might just tip off Uncle Sam while I'm at it. Wonder what happened with that 50k patent grant, how did this help SUTI?
Well see if SUTI can gear up for a successful new year. What they call successful is what we call getting screwed.
I will spend a few bucks to get all of their filings with the SoS from inception of aquastar to current named Sutimco. Also, I will contact PR Newswire and request all copies of news releases from all of Boosts clients. I bet I will see a trend, full of deceit because Of what i have a seen happen here.
While I understand your suspicions I still don't see probable cause.
Lets take the AC pump as an example. There is a PR saying it is being prototyped. If you can produce a statement after that date that says it is just a design on paper, that would be grounds for an investigation. A statement to that effect on or before that date would not, as it could be explained.
There has to be something to trip the trigger. You have to show some actual "smoke" before they will go looking for a "fire".
GLTY
Deception and accounting fraud come to mind. I'd like to see their books and verify. I'm guessing things won't match or exist. Contracts won't be verifiable, they used bogus info and numbers in PRs to unload shares to cover payroll. Boost recycled PRs to pump up pps and build support for their dumps. The AC pump has been marketed as being in the prototype stage while other reports say it is only a design on paper, lol. Marc Jablon is already in court fighting the SEC who busted him and Boost for fraud. Too much bad press here. I'm guessing SUTI is too far damaged and will never recover at this point, and will likely go to the wayside.
I think there are enough suspicious events surrounding Boost and SUTI to warrant an investigation with the SEC. Also having the CEO of Boost in hot water with the SEC at present may get things moving quicker.
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