Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Don't tell me svxp is doing yet another r/s. Have they brought any objects to the surface. I haven't checked in since they wiped me out in the last r/s.
Svxp was in perpetual litigation about wreck salvage rights last time I looked.
S5
I have seen that crap before about calling - dont know what it is about
Thanks I just got done reading that. I should have looked at RB before I posted.
On RB there are a couple of guys that called. It's just a broker trying to get you to buy more shares.
I was just going to ask if anyone got that. I called Sat. but no one was in, I think it is spam mail cause I have not had any shares since pre-split. I am still watching it.
Good luck
Did anyone else get a postcard in the mail asking shareholders to "call immediately"? I tried but haven't connected yet.
781.444.6100 ext. 629
Anyone following this? There is a certain worm infested slimey basher, who is a great contra indicator, that just started bashing this one.
Typically that means a big run, BWTFDIK?
May be the time to pick up some on weakness.
Thanks fff - I was hoping someone might have the numbers. If the o/s is 1/10 of what I thought, then I might consider it. But I'll wait for the filing.
Good luck to you on it.
rruff, TSBB/ TSBI/ CALI/ SVXP/ SVXA's 10QSB is currently late;
http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001019852&owner=include
That should answer your questions once filed. SVXA will get the "E" this week if not.
Good luck.
Just catching up. Haven't really followed this. Does anyone have a feeling on the current filing?
I'm confused about some of the numbers but it looks like they had about 2.3 billion shares before the r/s outstanding and 250 billion was authorized.
http://www.siliconinvestor.com/readmsg.aspx?msgid=22019905
So after 1/1000, that would be only 2.3 million shares outstanding. Anyone know how or perhaps to whom the approx 25 million shares were issued?
Thanks in advance.
is it my imagination or is the spread like criminal here?
eral
I called in today. It was not bad actually. They're going through the listing application procedures right now. Once listed on AMEX, the company will be able to attract many investors. They're also planning to include 2 more companies in their current portfolio in the following months. The biggest thing is that they're going to realize revenue on the French site in the 2nd quarter.
2006-02-02 08:00 ET - News Release
Sovereign Exploration Associates International Addresses Overwhelming Response to First Conference Call With Rebroadcast
2006-02-02 08:00 ET - News Release
NEWTOWN, Pa., Feb. 2 /PRNewswire-FirstCall/ -- Sovereign Exploration Associates International, Inc. ("Sovereign") (OTC Bulletin Board: SVXA) announced today that due to an overwhelming response to the first investor conference call with management on Monday, January 30, 2006, it will make the recording of the call available for the next two weeks, beginning Feb 2 through Feb 18, 2006. Any investor who was unable to log on because of technical difficulties caused by the high demand will be able to listen to the call in its entirety. To access the rebroadcast within the US and Canada, dial 800-642-1687 and enter the conference identification number 4410032. For international callers, dial 706-645-9291 and enter the conference identification number 4410032.
During the conference, Sovereign President and Chief Executive Officer Bob Baca and Chief Operating Officer Curt Sprouse discuss the Company's new business strategy, corporate developments, and ongoing operations.
About Sovereign Exploration Associates International, Inc.
Sovereign Exploration Associates International, Inc. is a business development company undertaking shipwreck exploration and recovery initiatives. The Company focuses on shipwrecks dating from 1500 to 1900 on behalf of museums and private parties interested in commissioning artifact recovery. The Company operates with licenses and finders' rights granted by government authorities and has exclusive access to the largest identified and located grouping of valuable shipwrecks in the world. For more information, visit http://www.sea-int.com.
SAFE HARBOR
The statements made in this release constitute "forward-looking" statements, usually containing the words "believe," "estimate," "project," "expect," or similar expressions. These statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements inherently involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Factors that would cause or contribute to such differences include, but are not limited to, the failure of the ships to contain cargo of historic, archeological or intrinsic value, changing economic conditions, interest rates trends, continued acceptance of the Company's products in the marketplace, competitive factors and other risks detailed in the Company's periodic report filings with the Securities and Exchange Commission. By making these forward-looking statements, the Company undertakes no obligation to update these statements for revisions or changes after the date of this release.
For further information, contact:
At the Company:
Sovereign Exploration
Associates International, Inc.
Jim Cavan
781-246-7512
jcavan@sea-int.com
http://www.sea-int.com
Investor Relations:
OTC Financial Network
Peter Clark
781-444-6100, x629
peter@otcfn.com
http://www.otcfn.com/svxa
SOURCE Sovereign Exploration Associates International, Inc.
Link to invester conference call. Seems like nothings going to be happening with this stock for a little bit.
http://www.wallstreetreporter.com/profile.php?id=15709
Same here. Waiting for a bottom.
My thoughts exactly frankie....
I'm watchin from the sidelines for now.
king...
Yep I'm watching also.
i have no clue. I was sitting out this one to observe for future refrence. I usually get clobbered at the mear hint of a RS.
real
How low do you think she will go?
this was an interesting RS... it is playing out so far the way expected. Has not found bottom yet IMHO
real
They issues more news today on plans to looks for more ships. BUT progress on already announced projects would likely help the PPS.
I realize you need other projects in the pipe but obverall R/S was a bad idea.
It's not 200 million. Around 29 million.
There are 2 possibilities here:
1) SVXA used R/S to cover the fact the stock price is falling which is usually the case for companies practicing R/S. I don't believe this is true for SVXA.
2) The value of the business is hard to figure out especially given the short history of the company. It's hard to use DCF because given its transparency of its financial statements, it's hard to forecast out its cashflows. Also relative multiples don't work well because its competitors are not similar in terms of market cap or business models. I'd say it's undervalued right now. Major positives are first the company has 90% of the property right to the items dicovered at the Canada Site. SVXA will pocket 90% of the revenue from the auction of these items. Second more projects are underway plus the CC a week from now.
R/S companies have a history of isssing tons of new shares and you end up with not even enough shares to sell to pay commish - been there done that at least 10 times
yes I am afraid so - R/S are generally just awful - I will except GLKC which R/S but people sold pre R/S shares down 98% and I bought them and did a 100 bagger LOL. but this exceptuion was a mistake - Cheers. I am watching SVXA but gut feel is not good
I think the press release said 29 million shares outstanding. The old 52 week low, adjusted for the R/S, is 20 cents. I'm wondering if the R/S was done to issue more shares at a much higher price. If so, look for it to go below 20 cents.
Does anyone here have a feel for "value?"
I take it we now have 200+ million shares. Is the company worth more than $20 million at this point? Or about .10/share?
I understand the potential but, at present, what is a reasonable analysis of value?
thanks in advance.
Looks like the stock is searching for a new bottom after the R/S. Best to wait for it to reach it.
What is going on here? Any idea what happened today? Is it some kind of manipulation to pressure down the stock price before the CC?
I don not know much about R/Ss so I got 90% out today. I am unsure of the pps future now. Once it settles I may invest a little more. GLTA on the CC.
Bill
Run for Cover,this is text book R/S!
Well ETrade has cleared it all up now. No SVXP/SVXA left in my account.
Pretty hypish but very typical of RB. HIgh winds out east so no vessels will be diving these days
That situation is not uncommon. When you sell close to a split it can take a few days to weeks for the accounts to be balanced
Thought mine were sold to until today! Now I have some frickin weird stuff on my account. Shows a short sale of my original SVXP and shares of the r/s'd SVXA. Funny thing is, I still have my cash from the sale of my SVXP shares(no, they were not short!) Tried calling ETrade, but after holding for an hour, just hung up and emailed them. With thier history of getting back to me, I am not holding my breath! Tempted to just sell the shares of SVXA, but then I could be openning up a nasty can of worms!
sold mine before the R/S it went through ok.
Has anyone else who tried to sell on Friday had their trades reversed? Checked my ETrade today and now I got SVXA even though the sell went through on Friday!
I don't know about Etade I have only been in a RS with Ameritrade.
i have Etrade ... how long, 3 days? 4 days? 5 days?
Sprouse and Baca on Ceocast today.
http://www.ceocast.com/
Reminder If you are with Ameritrade it takes a little time before they get it straight.
Yesterday I had the SVXA shares in my account and this morning they have reverted back to SVXP shares at the pre split count.
give it a little time to settle unless they have some kick azz news.
real
you had trouble? they threw in the name change. few days oz... next time you can call in the trade and pay the service if your looking to take some off the table.
I have that happen with scottrader all the time... caused me to lose out a few times till I caught on... the price of tuition I pay.
real
so what happened... i saw a brief 3.60?
real
Followers
|
12
|
Posters
|
|
Posts (Today)
|
0
|
Posts (Total)
|
522
|
Created
|
11/15/05
|
Type
|
Free
|
Moderators |
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |