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steve,
you seem like a smart well connected guy?!
When you are evaluating a company, do you take into consideration(if at all) the management and a companies financial situation?
Top management in companies that are having liquidly crisis often take pay cuts, or go without their salary, as well as lending the company money.
YOU DO NOT WAIT TILL YOU ARE DRIVING ON FUMES TO LOOK FOR A GAS STATION.
I agree with most of what you wrote.
So why do you think that someone pulled out?
It is disturbing that management(especially RH) have not stepped in. RH can afford to fund the PP by himself. So this leaves the question why is management not stepping up? What is the advantage to management by letting the company go into bankruptcy?
I believe that there will be a very expensive (for investors) PP. and bankruptcy will be avoided.
That mirrors the message that Mr Pasek left on my phone.
I followed up with a thank you email. And asked what organizational changes the company was considering?, I have not received a reply and do not expect one.
Steve's post about high risk high reward says it all.
I reached out to Ron and he returned my phone call and left a message. The tone of the message was positive.
I reached out to Ron and he returned my phone call and left a message. The tone of the message was positive.
Investors who are unhappy with getting two weeks notice prior to possibly closing the doors should be contacting the chairman of the board (Ronald J. Pasek). His email is listed at the bottom of the PR. (ronpasek-at-yahoodotcom)
Endless complaining here to one another does nothing. Action should be directed towards people who can make a difference at the company.
worth repeating:
Losing credibility is easy. Getting is back is not.
I think you got played like the rest of us.
I hope you take some time to reflect and document any misleading information that management provided you.
I agree that at these price levels the risk/reward is tempting?
anything is possible but i sincerely doubt that SPVNF will be the billion dollar company you were making it out to become? But anything is possible?
Lets assume that the hyperscale buildout has begun?
And lets assume that some of the connectivity is being done with ACC cables?
Could the ACC cables being supplied NOT using SPVNF chips?
The CEO has probably had his wings clipped.
At this point investor communications are run through lawyers and/or the underwriter.
I feel lost without future connecting dots that I can not see.
I think you (and Steve) should be documenting all conversations that you had with management or other people connected with the company.
I would not use Future in your documentation.
It will be interesting to see how the company values ins inventory in 2023Q4 and 202Q1. In the Q3 sedar filing SPVNF valued the inventory at over $2million. The difficulty getting accurate and current financial information is a huge problem. Investing based on TAM and rose colored PRs, is, as we all are finding out, a recipe for disaster.
i hope you take the time to start documenting your conversations with management and others
ya think misrepresenting the financials might be a problem? Really?
Here is something else for people to consider? If the company can not sell, (or is having trouble selling) the inventory then what is the value of the inventory? And how can they borrow against it?
I agree the deliberately misleading investors should be criminal. Butr RH is hiding behind his safe harbor forward looking statements..
The board should also be held partially responsibilities for failing to fulfill their fiduciary responsibilities'. But again wishful thinking.. Its a corrupt system where those in power continue to exploit.
.
A great post. Not because I like or will profit from the scenario that you envision.
But the post is a very real and sobering possibility (and maybe probability) of how things might play out.
It is in striking contrast to rose colored scenarios based on (you can fill in the dots).
TYVM
why do you say that?
Do you think they want to take the company private?
Opens lots of uncomfortable questions surrounding the way SPVNF was releasing financial information?.
Today two blocks of over 80K shares of SPVNF traded. That is big boys bailing. Sometimes its better to accept 10 cents then two cents.
Steve wrote on one of his posts that this stock will either go to 0 or 100. (Paraphrasing). At that time I never imagined the stock going to ZERO. Its funny in a way that makes me feel like crying how different things now look.
The insiders, and especially the board, knew, or strongly, suspected very weak first quarter financials. Most companies do monthly financials. People knew what was happening. They might buy at 5/10 cents. Patience is rewarded as many of the seasoned investors on this board like to preach.
The company will try to avoid bankruptcy! That's a given. But maybe not possible given the time frame outlined? Look for key people bailing.(Bonnie?) The management (especially RH) should postpone or accept taking a reduced salary.
Lets suppose the company wants to raise two million. What will be the share price? $.10/share or $.15/share .Do the math guys!. How many shares? How many shares are authorized?
The company's actions are being guided by council.
I think someone forgot or did not see some of the dots???
Like you need money to write a check.
exactly - thats the point.
What I see is that The company was knowingly misleading investors while trying to raise money by selling stock.. This is serious.
haircuts at 80% off.
I suspect that it will take a couple days for the market to digest the news and put a price on the stock.
I suspect the board will force RH out.
sav what 2 or the emperor has no clothes.
If they can not explain the situation by the content then
Todays announcement was lawyer approved.
And this information should have been released much earlier. Why wasn't it?
Todays announcement was a warning to investors that SPVNF might be forced to close their doors in two weeks. Thanks for the timely heads up. The SPVNF management and board could no longer kick the can down the road because they ran out of road. I suspect that part of the reason bonnie left was she no longer wanted to be a part of this charade(opinion)???
.
DO you believe those numbers? What do you expect for 2024Q1?
the stampede to buy SPVNF(USD) has begun.
One buy at open of 3750 shares at $.4675.
I can not speak for other retail investors but I am holding waiting for news such as 2023Q4 sedar filings, financial information on 2024Q1, an update on the PP? Anything? Something? But all i hear is the sound of silence from the company on financial matters. And fellow posters encouraging patience.
The lack of liquidity when trading in small thinly traded stocks is part of the risk reward..
Hello RH, my old friend
I've come to talk with you again
Because a vision softly creeping
Left its seeds while I was sleeping
And the vision that was planted in my brain
Still remains
Within the sound of silence
First comes love, then comes marriage then comes baby in the baby carriage.
First comes demonstrations, then comes site evaluations then comes orders then comes revenue.
SPVNF is very active demonstrating their product. That is just the first step. Then the chips/cables need to be site tested,/evaluated which could take 3-6 months depending.. The large data centers are likely evaluating and tweaking multiple configurations of cables.. This is a complex process. And this the very early stage of the hyperscale buildout. So, if the evaluations does not go exactly as planned and the evaluation process needs to be tweaked then this extends the time line.
The following is from the 1/16/2024 PR. I expect that RH is getting updates on how the evaluation is proceeding? It is 3months since the PR.. And/if assuming that things go well then SPVNF should be close to receiving an initial production order?
https://finance.yahoo.com/news/spectra7-receives-initial-order-production-140000686.html
here is a link that talks about nividia. Some might find it interesting
https://finance.yahoo.com/news/nvidia-just-bought-5-artificial-095900069.html
Another thought for you my friend.
And those of little faith.
On a more serious note:
It is now March 41st, and another 10 days or so before the end of the month. For the month does end until the PP is announced.
The rush of interest from knowledgeable investors (who are mostly underwater) has forced the company to reduce the share price and super size this "modest" offering.
The company is running low on cash and the PP (you know the "modest" one that was closing 9 days ago) has not happened.
Interest payments on debt are being paid by issuing stock.
SPVNF did not attend to conserve capital.
No surprise here: