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.
So what besides:
1. Getting Edgars to except the SEC filings
2. Settling with Yorkville Advisers
3. Getting some real business
4. Getting 144 shares accepted for trading
Need I go on? What is this one big thing?
Thank you Twin40 and DualV-8 for your honest statements and ratification that there exists a problem universally getting brokers to either take or trade these 144 shares, currently. In the past there was no problem. This, as I have stated in the past, is a strategy for Management to stonewall 144's from being traded maintain control and attempt to resolve YA on the cheap so as to allow the share count (which I believe has been oversold) to balance. DFW stated that capitalization has nothing to do with this float. Apparently DFW doesn't understand accounting, nor, just how companies are evaluated. That's my opinion Have a nice weekend.
All this trashing and speculation still doesn't help move this company nor protect Serge from the inevitable. You have idea of who you are dealing with nor who I am. So far none of the above.. Change is coming.
Oh ok here's something for everyone
1st of all the information being posted by me is not ever been proven bogus.
2. There is no stopping a group of people to file a lawful action against anyone else but winning is a whole other thing. If you got the dough $$$ bring it on! There is enough legal beagals in my family and office who would love to take on a wrongfully filed lawsuit with a counter suit. Particularily from Serge who I'd personally love to have an deposition from especially after we have his files opened to discovery. I say ...bring it on!
3. There are a lot of people who are in denial over the facts that have been brought to light by me and others posting on this board. Just stuck in this stock and "Hoping" for Serge to be your "Brass Ring" for financial Valhalla is a pipe dream.
4. Dissension is a virtue not a crime. I say Snow White (Serge) bring it on with all the Seven Dwarfs
5. There are contracts from other third parties for millions of 144 shares in the works. All willing to participate in a counter suit naming Serge and Rose (the Cinderella in this fairytail)
My closing post for the day
Shifting Gears: Everything is not made public but is publically available. My personal discussions with the SEC and several brokers have given me that impression and has arised concern. Any broker will tell you that because of the float...no shares will be introduced into the market by them. There are 1000's of penny stockcompanies...but unreporting "stop" orders are not as common as one would think. The flood of 144 shareholdres in SVMI would overwhelm the company's share value if made available ...so the stone walling has taken place. That's my opinion.
Shifting Gears You were Lucky. Since then the whole problem has occurred. This past year Serge and Rose accumulated so many 144 share sales and not filed nor reported them to the SEC until just recently...yet they are now struggling to free those up for distribution and because of the filings being questioned as I have previous stated, this log jam has occurred. Perhaps someone else on the board has received their share certificates in the past few months and would share that info with us. It seems that everything has come to a standstill and that why I have posted my protestings and concerns through my own DD, connections with the firm, authorities, creditors and the likes which has painted a very concerning picture. There are hundreds of people owning 144 share that have not received their certificates as well as can't get them accepted for trade by any broker today. I've been assured the SEC is looking into the matter. I also would like to see those financials that they filed and the tax implications for SaviCorp and HDV. That will be interesting....there has been so much promise with the valve and little or no promise...they might a well be working out of a shed in someones back yard for the amount of "Actual" business that has been generated. Why, pray tell have they accumulated all these SaviCorp Vehicles with no business what kind of thinking is that ..attend all these trade shows, put out fluff on TV and push the company with out ever getting anywhere except selling 144. Good sound business dictates that you get business 1st before you create a image or brand yourself. This is nothing but a penny stock Flim Flam in my opinion. Naturally everyone at the company, will speak highly of Serge and the company...they all are those 144 shareholders waiting to cash in ...it a shame but true.. IMO
My mistake - Serge is not going to NC but his key crew is.
I do not know enough about Mario to give you an honest answer. I maybe absolutely incorrect about Serge, but I have a sneaking suspicion that a huge ego is involved and like any CEO, it maybe difficult to admit his judgement may not always be as it should. Also, like Michael Jordan, Magic Johnson, etc. - they were arguably the best players of their time, but it did not necessarily make them great coaches. Sometimes the inventor is not always the right candidate to run the company.
I believe all should do their own DD and have verification of several sources. This is a summation of my DD. Most are intelligent enough here on the board to make up their own minds. I am never swayed by what others think but if they have brought up an interesting point I think is interesting I will follow up. If I think it is relevant to the company, I share (much to the chagrin of some).
DFW - I ALWAYS get more than one source for verification of any kind. Anyone who takes just one person's word (and that includes Serge's word) for any verification would have to be a fool and shouldn't be investing.
Alibi95 - I understand what you are saying. With proper management, resources, and personnel to capitalize on the DynoValve are all dependant upon management and expertise. Segre lacks all these qualities as far as I can see. So the only interest YA will have is with a joint venture partner ..where they supply the funds and the partner provides the management expertise, access to the marketplace and a real understanding of the AfterMarket opportunities and has credibility in that industry I know of a Long Beach firm in these discussions now. As far as a Derivative Action lawsuit..that is a last gap action which most likely will result in an unfavaorable settlement of the YA issue.
This ball game is far from over but ...this is pennyland and anything is possible. Serge surviving isn't one of them in my opinion. And that would be shame on his part and wasted opportunity.
I can't see YA taking chump change and shares in SVMI as a settlement with Serge at the helm.
No - but if it makes you feel better propelling lies - have at it
Why do you keep posting that I'm some Ex-Empolyee? I have never worked for Serge nor SVMI. I am an investor of 144's. I'm one of over two dozen (that I know of) who are frustrated ...trying to pass off my remarks as a disgruntled employee of SaviCorp or Savi media is rubbish. There are no employees of SaviCorp. They are all independant contractors who have been issued 144 shares, restricted shares or promises of shares. All working for HDV (Serge's private hoding company) and have no benefits, workman's compensation nor payroll. I am not one of these nor have I ever been. I do know some of these characters and they are also posting here as longs! I wonder why? Serge is going to North Carolina to sell investors there more 144's and perhaps to raise money for his problem with YA...let's not kid anyone. He has no Certified product to sell those fleets and he will be looked at a another "Widget Maker" If you're one of those so-called employees I understand your position. I just thought you's like to address this issue for your information.
Ailibi95 -
The 12th July 2011? You think YA will let this pass without some satisfaction being resolved? Serge's efforts to "Buy" them off have failed time and time again. By purposely not marketing the DynoValve (that is if it is marketable on any scale of quantities)..is creating "waste of Opportunity" for the company and is grounds for a shareholder's derivative action which I understand is in the works.
I apologize!
Shifting Gears - Your post seems very plausible until you mentioned the six months period and we all know that restricted shares bought from an individual have a 12 months waiting period (by laws of the SEC for Unreporting Companies) so your thread of information , though sounds plausible lacks reality in that "six months" remarks and if you ave had the advantage of getting shares released and trade good for you. You must be one of those insiders that Serge looks after time and time again.
As I stated prior, I do not believe the product is useless. I believe it is/could be huge. I have a problem with the way I see the company being run. Just my opinion but I do not believe current management will succeed if they do not reevaluate their current operating mode. I do not see any brilliant marketing plans on their end. And I believe they are falling further and further behind and may never catch up to capture the market.
Everyone knows these 144 shares have had a real problem getting unrestricted. That's a given. Serge and his board have stonewalled these shareholders with paperwork and frustration. Secondly, no broker will accept these shares for open trading because of the "unresolved" float situation. Since the company does no mass marketing of their one product, the DynoValve, and has little or no sugnificant sucess in the marketplace bringing this product forward...they simply attend trade fairs solely for the purse of selling 144 shares and openly offer discounts and commissions on these shares to the general public. This is clearly a violation of the terms of the SEC 144 program. Unless YA either steps up and agressively moves on this company...no future of a resolution is in site. The real concern is what is the SEC's take on all these unresolved issues. That's my take on all this palava over the Stop Order and unresloved sharesbeing accepted for trading by brokers. Some of Serge's "inside" brokers may take the shares and hold them in someone's account but they will not present them for trading this would upset Serge's apple cart and allow resonsible investors to openly purchas shares, mount a reversal of the board's representation and influence management decisions. That's the strategy going on here in my opinion.
Has your friend made a living selling these valves since he resigned from Matco? And where are his accounts to justify this posting?
Both Rose and Sege have carried on this wholesale reckless selling of 144's and have caused this conundrum ...they not only rebuff YA but have refused to resolve the problem for the shareholders. Their lack of accountability on these shares is what is causing the filings and stop order from being resolved. Serge has openly stated that he will BK the company before he allows a loss of control or a take over by others...so much for concern of the 144's or for that matter anyother share holders. This all about Serge maintaining control nothing else...
Thank you Cool Hand! Your quote was from an article of self promotion by both CEE and SaviCorp the place where all these stock sales (144) takes place, yet neither company has Certified any products that address my previous email relating to Air Resources Board 's news of their incentive program. Neither company can take advantage of these programs unless they produce a "Certified Product" Neither has. CEE has the capability but they have simply been the wharehouse for SavICorps "Ops" not developing products just selling 144 shares. And the installation of those onesy twosy valves sold. Yes there is the capability but CEE is too busy servicing it's clients and has limited R&D work. They have developed a dual fuel CNG/Diesel unit but have not gotten it certified. It's a $3/4 million exercise and no customer is ponying up with that kind of money ..so you figure ...I thank you Coolhand for showing the capability , but my point was what is Savi doing about it? Nothing! Their window of opportunity is closing ...there are several other technologies now in finalization of Certifiication that are way ahead of Segre. He's either too medicated or lost in the real world of running a business. IMO
This only applies to Certified Products Savi only has an Executive order. Meaning it is not harmful to certain kinds of engines. This is a long cry from Certification of any products. Their not in this league of either dual fuel products, nor Certification on anything....they are a fringe company, a want to be...nothing that qualifies them for any of these government programs...Serge's concentration is on his stock trying to wrestle it loose from the SEC's OTC Board's Stop order and chisel down the Cornell debt. This company is not into R&D ..it's only in their posts and imagination... They're off to North Carolina soon and the 1st question from all these fleet owners will be is it Certified by the Air Resources Board...it show and tell time again for Serge. ...not really technology advancements and real business. Not one major account has ever come from their show attendnces and it's still a onesy twosey Company. I challenge anyone to tell one significant business that has come from any of their promotions other than the "Church People" connection. This is almost cultish in all the hoorays! IMO
Who is this Richard and his wife and why are you concerned who I am ? Does he and his wife, whoever that is, know something that we all should know and is there some issue with the company that seems to trouble you..I simply have sugegested that News from Delilah is the same as from Serge since they are so closely woking together...Just what is the point of your post?
Who does anyone think Delilah is? I'll give you hint "Ex-Treasurer " of SaviCorp? A Rose by any other name is a Rose. In my humble opinion of course
Love the mudslinging and name calling - to bad all the so called Savi experts here do not wish to discuss how poorly a company can be run and how investing in penny stocks can be a huge gamble. Obviously, ignorance is bliss and most do not care how their investment is being handled. Always a disgruntled ex employee and never just an intelligent investor who is not a sheep and can read between the lines when Savi speaks. In your defense, most people do not like to admit when they are wrong. At least I am willing to make a public apology if I am incorrect and do not name call others.
You can look them up and they have new management installed who do not believe the valve is getting the mileage it should.
Interesting reply as the date on the license is February 2011 but if you say so.
DFW - If you read my post, I do say you confirmed this was rectified which I also went on to say was great news.
Alibi95 - I do think the DynoValve has huge potential but I have become disenchanted with the management. I met some of the new team at a conference in San Diego and believed the company was on the right track at last. But I have come to find out somethings that raised red flags such as not operating with a resale license (which means any valves sold were sold illegally), a valid CA business license (which was why a sign could never be put up advertising their business). DFW has confirmed these problems have been rectified which is great news. It took a lot of prodding and insistance to get these projects completed when infact as a business owner, this is basic Business 101. Taxes not filed, etc. If the company is set up properly and doing things as required, there is nothing to hide and basic things should have already been accomplished. The mess with Mario occurred but I believe that enough time has passed for Savi to be doing a huge business but this is not the case. It sounds minor and petty, but coupled with the fact of the 144's being sold improperly and other information I know regarding this matter, it doesn't sit well with me. A lot of die hards on the board may never admit it, but they are 144 owners and push the testominials. People have invested and have a lot at stake and of course push their agenda. I still own a few shares for fun. I have done my DD and know in fact that SaviCorp does not have much going on for them at the moment. Prove me wrong and I will be happy to make a public apology. I do know for a fact that the McCarthy deal is all but dead in the water. This can be confirmed by calling McCarthy directly. For those who do not believe what I have said, prove me wrong. I will check back in a few months and see. I see a pattern in penny stocks with their management - usually a huge ego involved and maybe not as business savvy as they would like to think. This is all my opinion of course.
Never have been associated with Savi in any shape or form except for doing DD. Very sad - you attack the poster because the message is not positive. If you are an intelligent investor, you need to know the good along with the bad - not just believing in blind faith. That is why I do not like to post but I thought maybe a few of the more intelligent here on the board would like to know what is really going on at Savi in my opinion
SaviMadia got the money - who took it from there is not the question. SaviCorp owes the money. Internal problems are not Cornell's but Serge's..he wanted control of the company. SaviCorp owes the money so pay it off. Suing is only going to get SaviCorp more time and time is against Serge. But then again he might get time...word on the street is that the SEC is looking into all those 144's being sold..not registered and no one can get a broker to accept them. Also, looks like McCarthy is dead. If you don't believe this, call McCarthy direcly.
DFW the subject of Serge Monros is open to opinion.
The subject of the meeting and the matter contradicts the PR by Serge Monros and the company
The information of Mr. Erwin Shustak of San Diego being appointed was made public at the company's headquarters on Friday 25th and an announcement that the Filings would be delayed until the matters with Yorkville are resolved all facts and publicly stated from Serge to the company openly. What's private about that? Just because it wasn't posted in a PR doesn't make it private or or confidential
DFW you are muzzling legitimate public information here
Anyway I am signing off and will not be posting on this board again. I am very disappointed all the way around.
Let's deal with my post. I stated that we were misled by Serge announcing that the filings were to be made public and that full transparent knowledge of SVMI would be available to the public. My post clearly stated my disappointment, since Serge reversed himself and has now decided to pursue legal measures to resolve the matter due to his constant failing to resolve the issue by negotiating a settlement. There have been countless scenarios of SVMI negotiating to the point of an acceptable agreement and then SVMI renigged on the deals and never followed through. Since you are in touch with SM, I know you know this to be true. Unable to negotiate and settle, they have now decided to take on YA and get the issue resolved through threats of litagation which will merely put the matter up to arbitration before it will be heard. I believe Serge believes he will get a better deal this way since he does not have the money nor investors to put it up, meanwhile stalling the inevitable by trying to discourage YA that there is no value and hoping YA will take a hit on their money and get what they can. I am coming to believe that Serge is in for a rude awakening from disgruntled shareholders which could probably languish in the courts for months if not years. I also believe Serge has oversold his position in 144's and needs the YA shares freed up to balance his books. He has stonewalled issuing those shares and removing restrictions (Again, something I also believe you know to be true). In other words, we aren't getting the "Stop" off and shares won't be issued and restrictions will remain in place and the whole thing is a mess. This is sad news and I am NOT supportive and any side. This is how I see the issue. It seems that your posting and reposting public info doesn't deal with the heart of the matter and only supports Serge, your friend. There is another side to this issue as well. Put yourself in the shoes of the investors at YA and Cornell. How would you like to have laid out your money to this company and then be told because their CEO/Chairman was a crook you lose your investment? Where should they stand on this issue. Strictly business not personal.
I dislike the innuendo that doing DD is having insider knowledge. I have been reading your posts for a few years now and gather you speak with Serge on a regular basis. I do not accuse or make innuendos that you have insider knowledge.
The deal was done and if there was any fraud it was done on behalf of SaviCorp and Mario as an Officer of SaviCorp and Serge needs to look at Mario for compensation. SaviCorp signed the deal, took the money and owes Cornell/Yorkville. It's that clear and simple. This latest is just a tactic to defraud a legitimate creditor. Again, pure and simple in my opinion.
I have also spoken with Cornell and other investment banks.
I validated my findings and if you chose not to believe it, so be it and it is my last post on the matter. YA still has an opportunity to gain 2.9 billion shares and still be owed money. Read the posts back in Pink Sheets 2006. The Edgars Report are not posted unless they are accepted. They have been rejected - that is why they are not posted. Serge was the one boasting he was going to hire an attorney and fight Yorkville and he is the one boasting they are afraid to go to Federal Court.
Call them yourself - there are more ways to do DD than just speaking to the one person who wants to promote his comany and may not want the shareholders to know anything that will shed poor light on the company or himself.
I take offense to your comments DFW and always thought you to be fair, open minded, and balanced. It was with a heavy heart that I posted the info and I am amazed that you dismissed the post as a personal attack and lies. I have supported SVMI for a long time now and believe it is time to reevaluate my position. Again, I am very disappointed with your reaction and will not post in the future. I verified my info through several sources before I posted and have always believed these boards need a little more balance - you need to take the good along with the bad but you are moderator and I will respect your wishes. Good luck to you.
I am not an employee of Savi but heard this through someone who is and has been a longtime employee 10 years plus. I cannot address the mindset of Serge as I have a clue what goes on in his head!
I have debated whether to post this info or not but I believe it is necessary and speaks to the kind of person running SVMI and it depresses me to no end as I have been a long.
Serge announced in a meeting on Friday (2/25/11) that he is not going to pay off YA but try to wiggle SVMI out the Yorkville Advisors contract. Remember (and I know some of you have doubts about Yorkville), Yorkville has done nothing other than lend/invest in SVMI. They have never leaned on SVMI nor done anything but provide money for making these valves able to come to market. They have never pressured the company nor filed a suit or to interrupt SVMI's activities. Serge has negotiated for a year or so (in my opinion it now appears to be in bad faith) and now he wants to attack them and take them on in court. On several occasions he has touted that the YA Deal is over and going to be settled yet he has never met a commitment or met a performance date, etc. It appears he has negotiated in bad faith. He also stated on Friday, "There will be no taking off the Stop Notice on Pink Sheets until the matter is settled. So much for promises from Serge to all us longs who have hung in there. I believe lawsuits will commence. Add to the fact that he refuses to take the restrictions off the "144' shares and free the shares up so his employees and investors can cash out. He is essentially holding them hostage. Another thing I verified is that Edgars wouldn't accept his filings without the correct amount form the YA deal in the accounting numbers. It appears that since Serge can't make a deal, he is going to take the company down by trying to stiff YA. He could have possible Shareholders Deriviative action suits on their way.
Most of you will not want to believe my post or attack but if this is true as I believe it to be, It speaks very poorly of Serge.
Call Savi and see if anyone will confirm the time frame for the L.A. County - I did. I received two different answers - 1) two years and 2) 5 years. I guess it all depends upon whom you speak with.
Remember as on all boards - some just like to see themselves in print and in the words of The Godfather of Soul James Brown, most are Talking Loud and Sayin Nothin
I just checked - Go to the State of Nevada web site, go to search names, and go to SaViCorp, Inc. When your scroll down, you will see Rudy Rodriguez listed as Treasurer.