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After hours today? or 3:00 pm ET?
N/P. Getting 50% is probably the easy part. If one reads the CEO's interview, he mentions that the Adesh Tyagi is in more in talks with Grossnigg. Grossnigg and Hanes Niederhauser together own over 38.5% of S&T shares. If that is acquired then buying up 11.5% of shares (to take Cloudeeva's holding to 50%) from the open market won't be difficult.
Dr. Erhard Grossnigg owns the Private Equity companies Grosso Holdings and Austro Holdings. They are in the business of acquiring companies, turning them around and selling them. Gross Holdings themselves completed the acquisition of S&T AG on November 22, 2013.
On March 25, 2013., Dr. Erhard Grossnigg owner of Grosso Holdings GmbH (a majority shareholder in S&T) transferred all of the shares of S&T that he owned to Austro-Holdings GmbH upon taking over as the Chairman of S&T AG:
http://www.snt.at/investors/23807.en.php
However, it is interesting to note that, as of today, Austro Holdings no longer lists S&T AG in its portfolio. It is possible that Austro already sold Dr. Grossnigg's entire holding.
Cloudeeva's acquisition of S&T seems like a given.
Stop, stop, I get it.
Question is: Why is the traded volume so thin despite the large 60 million share float?
Assuming the current float is 61M shares then the traded volume should have been in the range of at least 6M shares a day.
I agree. The volumes are low because of the low float.
"The Letter of Intent provides them exclusivity until 20 February 2014. If Cloudeeva comes to the conclusion that they wish to make a takeover bid for S & T, the Company would formally inform us by that date."
From S&T CEO's interview.
If the float is actually that large @60M shares then the volume of daily trades should be in the ~ 6M-10M range; unless insiders are holding on.
On March 25, 2013., Dr. Erhard Grossnigg owner of Grosso Holdings GmbH a majority shareholder in S&T transferred all of the shares to Austro-Holdings GmbH upon taking over as the Chairman of S&T AG:
http://www.snt.at/investors/23807.en.php
However, it is interesting to note that, as of today, Austro Holdings no longer lists S&T AG in its portfolio.
http://www.austro-holding.at/en/holdings/
The only conclusion can be that Austro Holdings probably divested its stock in S&T AG in its entirety to Cloudeeva.
"What is the relationship between you and Cloudeeva?
If you want to this: The chemistry between us is true as far. However, I'm more on the technology side, and the Americans are interested in currently more financial issues. Accordingly, there is a more direct line to Erhard Grossnigg, my venture capital firm and co-shareholder in S & T. Conversely, this means that as well: Into the operative business model of S & T to Cloudeeva does not seem to want so much to interfere. "
So tomorrow it is...
Feb 20, 2014.
The Letter of Intent provides them exclusivity until 20 February 2014. If Cloudeeva comes to the conclusion that they wish to make a takeover bid for S & T, the Company would formally inform us by that date.
Hope Tyagi and Vitcov are working on the deal for tomorrow and not spending their time waxing their carrots in Linz.
Here comes the HEMP crash!
Either tomorrow 2/20 or Friday 2/21, the news on the S&T merger could be out and we'll see a major run.
I guess the two cars outside are Mark Victov's and Adesh Tyagi's. Probably traveling to S&T AG.
The ask today morning @$0.33
Any thoughts on SYAI?
Any thoughts on SYAI
SYAI >50+%
Did you visit as promised?
Anyone know what's the exact public float.
Most of the information about SYAI on the page above the board is outdated.
Are they buying back?
I don't think so.
2014 Is the Year of Serious Cloud Computing. Here's Why.
http://www.fool.com/investing/general/2014/02/15/2014-is-the-year-of-serious-cloud-computing-heres.aspx
Cloud computing sales to triple by 2017, new forecast says
Read More At Investor's Business Daily:
http://news.investors.com/technology-click/021414-690137-amzn-goog-msft-battling-for-growing-cloud-market.htm
Let's break $0.10 today.
Wow! You were right.
Few more days; even at $0.1494 this stock is cheap as it is without any new news.
looks like someone bought and sold 20,000 @0.05 to himself hoping to buy on a lower price.
Not happening today guys.
Boom time!
SYAI will easily overrun $0.1494 - going by the technical indicators. You maybe right about dollar-land.
maybe you should post your analysis on the SYAI board.
agreed.
http://stockcharts.com/def/servlet/SharpChartv05.ServletDriver?chart=syai,pepcdanrbo[pa][d][f1!3!1.0!!4!20]&pnf=y
Bullish Price Obj. (Rev.): 0.14