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.
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.
Like others have said before. Maybe Lee is grabbing that last couple percent of the outstanding shares to gain super majority.
The only reason to go public is to raise capital. Everyone knows they are going to sell stock with the one big assumption that there ever is a merger. You just hope it is gradual.
Why not buy after the R.S. then?
You just answered your own question. Too many have been here for years. Many slowly give up on waiting. Hopefully this is the year!
For sure if they were material events which sure seems to be the case.
Those shareholders were pumping the crap out of this stock while dumping. Of course they did something wrong!
Big deal. So Lee funds the company per the contract and gives Sawyer the boot. What does Sawyer have to hang onto?
As I recall we kept hearing the audited filings should be done soon.
Rinse and repeat. Time to crank up the pump machine again.
L7s Twitter account is what he is referring to for the email.
Good luck collecting anything from a foreign company that is nothing but a shell itself with no money or assets.
So Lee loses and walks away. Where is Sawyer getting his funding to do anything?
Only 1 person needs to show up for that if Lee still holds all his shares. Should be a quick meeting!
So what is there to dissolve? Fire Sawyer and walk away from leases?
Being told that EMPM has nothing to do with Saean Inc.
Yep. Hopefully some clarity comes soon. Seems like there are simple solutions for what we know at this point. But there must be some deeper issues out there.
And they are not completing funding because they want Sawyer out first?
Sniper??
LoL. You changed your mind 3 times in 3 posts. The only bargain here is if you believe retrofitting gas to EV is a huge market and money maker. That’s all this has been if you go back and read the horrible PRs put out by Dixon.
Also says in 2019 established US Headquarters. Established offices and plants in the US. Where is the plant? The empty garage in Vegas??
All it has for products is the Trike. I thought that was gone or at least wasn’t going to be sold in the US.
Sawyer sure seems evasive on all questions trying to link any part of Saean to EMPM. Very strange.
They weren’t Saean’s from what I understood. Plus the production they claimed could be ramped up in a few weeks seemed pretty much impossible.
Going public the conventional way would explain the long process. The truckload of paperwork they said had to be completed and also the few trips back and forth to the US. None of that would have been needed to merge/reverse merge/APO into EMPM. That would have been done long ago since Saean is more of an R&D company with little to no assets.
Why does he need a shell to go public?
Sure seems like it or a major share holder. Keeps mentioning being in meetings or upcoming meetings he/she will be attending.
I get the same end result when I read them. Saean Inc will go public and EMPM isn’t going to be used for that. EMPM will be more or less a US distribution point to sell EVs. Thus the showroom and shop I assume Sawyer leased in Vegas and is on the hook for, along with any fees to try and audit the financials.
From a post on the Korean website.
EMPM is a U.S. corporation that was previously registered with OTC, which was purchased from Saean at a time when considering bypass listing in the U.S. and is now a member of U.S. Saan INC, where our shares are swapped for OTCQB listing.
It was not related to the listing, and I was not concerned at all because I heard that Saean thinks as an affiliate for electric vehicle production in the United States in the future.
I would hope Lee would pick up the phone and not waste time with a Twitter war.
LoL Quite the barrage. I’m guessing that Twitter account won’t be around very long.
Yeah my guess is Lee changed his mind on Sawyer and started to back out. Sawyer saw it coming and takes over control with Preferred. One big pissing contest left that usually doesn’t work out for anyone.
Flippers coming in for some quick short term money.
So reading between the lines Saean is pissed at Sawyer for taking control by granting himself those preferred shares. Hopefully Saean can wrestle it back and get this moving again.
So does Sawyer have any control with his preferred if the company trying to takeover the shell is the company that owns the majority of shares and gave you that power?? Interesting.
What does he have to fight for? If there is no real Saean what is he going to sell? I bet he spent that money on those sham properties and is now on the hook for it personally.
His ass is all he is trying to save. Got any double secret info to share today???
It already has.
I concur 100%. Plus it would be nice to know if any of these changes relate to EMPM.
I don’t think anyone doubts Dr Lee’s character. What I want to know and see is Did he ever say he was moving all of Saean’s businesses into EMPM?
That is for Saean Inc. not our company Saean Industries.