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Another huge gap down today. If you really want to own this stock, bid it at .02 and you will get filled eventually cause that's where it's headed. UTOG
When you see a stock gapping down over 50% to a thin nickel like we see here today, someone who knows something is dumping. IMO
If history is any guide and I believe it to be, you are going to be waiting a long time approaching never.
My take on the recent action of UTOG is insiders with zero basis cost shares are dumping at any and all bids. I continue to maintain my .02 price target for this year.
My 2012 price target for UTOG has been adjusted to .02 to reflect the reality of their valuation.
This so called company is giving off the appearance of a cult following. Never has a failed pseudo gizmo technology lasted so long, doing so little, for so few and still be thought by so many to eventually hit pay dirt. It has become a great source of amusement for me so it does have some value.
I think that SAVI runs into sales problems with potential customers at shows like SEMA when the potential customer asks for independent industry testing data that clearly verifies the extraordinary claims made about the dynovalve gizmo. Lacking any credible documentation in that area, the customer likely drifts off to the STP booth for some free pencils.
I still maintain that if this gizmo performed anywhere near the claimed level of performance, a spider monkey could have sold tens of thousands of units years ago.
UTOG still looks like a sucker's play to me. I would be very careful with this stock. FINRA doesn't toss stocks into the grays for nothing. IMO
UTOG - is giving every indication of a broken stock. They are running out of excuses and time. Hope everyone was able to get out with minimal losses.
How long has it been since Serge held a real job? Anyone know?
Looks to me that after a week of jiggling the bait, insider's are dumping more zero based shares.
UTOG
Maybe having a credible independent testing authority verify that the DV does what it claimed would help sales. The fact this has never been done is quite telling.
Also bothersome is the CEO owns the patent, not the company.
I totally reject the idea that a stock like SVMI trades relative to the overall market.
UTOG - Another 20% dip today, Next stop is the teens and eventually my single digit prediction.
UTOG
There are people who have made their millions and have decided to give back to society in the form of public service. A stock like SVMI needs to have both sides of the perspective reviewed and if it's real, it will only benefit from that scrutiny.
I will reiterate my conclusion on this stock from my inception of being aware of it. If you accept that this gizmo is anywhere near as capable as is claimed, there are only two possible realities.
1. The people responsible for selling it couldn't sell ice water in the Sahara and therefore are totally incompetent or........
2. The assumption that it does what is advertised to do is grossly in error.
After reading their latest report, I have concluded it's both 1 and 2.
I do however, find their PR attempts the source of great hilarity therefore it has some value in that.
I hope the lines aren't too long, good luck.
I trade through Fidelity and every time I put a buy order on UTOG I get an email back almost immediately asking me if I lost my mind. Fidelity is good like that.
Actually I have been told FINRA monitors boards like this when looking at a company.
Yes, someone spent a whole $500 to paint it up there and the next sell is at .23. Scam confirmed.
One of these days people (excluding the insiders) will come to the realization that SAVI's real product is shares not gas gizmos.
The volume is low because there are no buyers, understandably. When you see the gaps down in selling price like we have seen in here lately it's indicative of panicked sellers and darn few buyers. This stock never has traded relative to the overall market and never will. IMO
UTOG
Gap down 30% at the open at .23 pps. This stock is seriously breaking down. It appears any volume bid will get filled. Insiders are dumping, gentlemen. IMO
UTOG
I don't see today's action as due to shorts. My take is that people in the know are getting out whenever a quantity bid comes in. 90% of the trades today were huge to the downside with the exception of a couple trivial "paints" that are irrelevant.
UTOG
I don't think he is here anymore.
Does anyone know if UTOG CEO Mr. Butterfield has actually relocated to the US or is he still living in the apartment in Bulgaria indicated on his recently released form 3?
In my opinion the recent action of this stock looks like it is breaking down. Nothing in the recent 10k would lead me to believe otherwise.
UTOG
Some real ugly action in UTOG today.
I give Serge an F as a CEO. He has had one of the most earth shattering gizmo's the auto industry has ever seen for years and he hasn't been able it to anyone significant. If this company had a real board he would be fired.
I would like to see some independent testing by a recognized authority that substantiates the lofty claims of this device. Anonymous Internet postings aren't going to sell this stock or the dynovalve to anyone.
Watched one of the videos on that link and listened to the discussion of how dynovalve improved the performance of the transmission. Anyone know how that is supposed to work?
Unless and until they sell product in heavy volume my supposition is that it doesn't work as claimed.
When I see a web page touting a gizmo that purports to increase gas mileage by over 46% I have a good laugh and run the other way.
Are there people who seriously believe SAVI has a gizmo that increases gas mileage to anywhere near that extent but for some reason they can't sell it?
I installed four dynovalves in series on my Jeep Rubicon and filled the gas tank half full. After driving 200 miles my tank was full, my exhaust smelled like rose petals and I received the decade environmental impact award from Alley Cat Angels a feral cat rescue group from El Segundo.
Is there any truth to the rumor that the dynovalve is getting the lifetime green achievement award from the Southern California chapter of the veterans of the Spanish American war?