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There is no other plausible explanation for Corey and the company going dark other than either it was a complete scam or gross incompetence on a level that caused them to hide in shame. As for who is selling right now? Insiders.
I would say it's more like being in the morgue trying to revive a cadaver.
So is it your opinion that Serge was using SAVI as his private piggy bank?
A good analogy here that might prevent the loss of money on penny stocks like this in the future would be if a company says they have a gizmo that turns dirt into gold but has a hard time selling it, run the other direction.
It's really that simple.
What would you put at the top?
Now that the last bull has silently left the building we can now put this one to rest until the shell reemerges as a Chinese company selling yoyos.
Giving the illusion that it was not a scam is at the top of that list.
Nice to see so many come around to what I concluded years ago.
I wish I could make it happen for you but I'm not a miracle worker Jim, I'm just a country doctor.
That's outstanding, it's Friday, can you share the link?
No I don't believe it will trade again. My effort here is in the hope that SAVI will serve as a lesson learned so similar companies can be avoided in the future.
Having a negative opinion on a stock is far from hate mail, they even have a name for it. Bear.
I had zero wishes that SAVI would tank but my opinions were based on reality and proved to be quite accurate. The reason I post on boards like this is I hate to see good people get their hard earned money taken.
I would submit that those wishing in one hand have a fist full of worthless SAVI stock in the other.
My point will be proven as SAVI slips quietly into the night without a word to shareholders as to how and why they couldn't make a go of this so called "marvel of GIZMO technology."
That is typical after a de-listing to avoid potential civil or criminal litigation. They have to make it look like they gave it their best effort but just came up short. It won't last long without being able to sell shares.
It's actually better if it ends quickly rather than prolonging the agony of futile expectations.
Many penny stock companies don't report because if the public knew what was really going on selling more shares would be very difficult. I highly suspect that is what was going on in SAVIs case. You run the game until there are no more moves left and leave with the cash.
Another thing to ponder regarding the Chinese. Does anyone think they would pay for US technology even if this gizmo really worked? They have been stealing advanced US military technology for decades without sending us a penny. If said gizmo really worked they would buy or steal one and start making their own for $25 a pop.
Censor negative comments?? If you look back over the years who has been more accurate regarding this company, the negative or positive advocates? It's not even close. The best thing I can say about SAVI at this point is they are done taking investor money and we can thank the regulators for that at least.
SAVI has an extensive history (read years) of not doing what they say they will and I can't understand why anyone would think that has changed after they got de-listed. Serial disappointers they are.
Speaking for myself, I pay attention to the posters who are the most accurate and with regard to SAVI, I am one of the few.
That is how they continued to sell shares. It's a pretty common practice in penny scam land.
On the bright side nobody is going to lose more money chasing this failed company full of empty promises for years. With history as a guide, there are zero reasons to believe anything they are saying, even if they were saying anything which they aren't
Never bought a single share, much too "savvy" for that. I post here as a bear from the beginning in an attempt to warn investors, a warning that I hope was heeded by some.
That's a great post luke and it accurately describes my take on this company for years. If the gizmo worked, a six year old could sell it from a lemonade stand so one is left with only two possible and very obvious conclusions.
Based on history, "doing it right" is not a phrase I would assign to SAVI.
What could be the reason companies who have little to no earnings can't report them on time other than that they don't want their dismal financial condition known to share holders?
This is the problem I have always had with SVMI. "If" their product was indeed transformational, why can't they sell it after YEARS of trying?? There are only two possibilities. Either they are massively incompetent or the product isn't close to being transformational. My personal opinion is that it's a lot of both.
The only thing Serge is good at is selling shares.
It's not very likely they can pump this one as a gold company again. Time to convert the shell into an oil drilling company or even better a home builder in China and run a fresh pump. It's the last hope for anyone still holding shares.
If there was any good inside information it would be broadcast all over this board. The fact it isn't, tells one all they need to know.
Not many companies with no money for legal fees survive as I expect this one will not.
In this case your take should be "gosh, he was right!"
I would be surprised if there were not any criminal charges after all this is sorted out. My take on this company has never wavered from it being a total scam.
Whoever forgot to paint the tape yesterday got up early this morning.
I would hope investors who were duped by Corey learned a lesson here on just how quickly and ruthlessly these so called CEOs disappear without a peep leaving bag holders, well, holding their bags.
Your doubt is strongly justified as there are no supporters left for this ticker. I hope many listened to me a year ago when I told the board where this one was going.
There is ZERO excuse for Corey going publicly dark on his AFYG share holders for the last four months and expecting them to call him if they want to know why he is failing so badly. He didn't even run a decent pump.
Your money is gone my friends.
The last AFYG tweet was February 10th. It's safe to say the canary in the mine is dead.
The predictive accuracy of previous AFYG conference calls is poor at best, very poor. It's like you can bet on what they say is going to happen is not going to happen.
It's hard to deny the value here as long as you stipulate that it's hypothetical.
Why is he talking to you and not the public?
How do you know Corey and others are working hard as ever? If they indeed are, explain why they are not making that information public?
There is no rational excuse for their going dark other than they decided to end the charade.