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Maybe China or someone will just buy out the company and buy out all the shareholders and start producing DVs in China for 1/5 of the cost....
I feel like a lot of the company's future hangs on these current dealings. The bigger the PR, the bigger the contract, the bigger the hopes -- the bigger the potential letdown. I think if Savi strings this out and nothing comes to light relatively soon - or to fruition at all - i think a lot of people bail and give on up in. Most will still hang in because this company is rich in 'what ifs' and 'someday' hopes and dreams. A lot of the smaller PR ups-and-downs are more easily forgiven, but this China deal is THE deal. It's what launches the company forward or gives credence to all the doubts we all have somewhere in our brains.
That said, with their pushes to get current and become legitimate, I cram those doubts to the back of my brain and hope that someday, what if things work out and SVMI takes off...
Next PR will probably state that Savi has foregone the initial contract and generously donated the 5,000 DVs to China as a gesture of their goodwill -- because why the heck not?
Hopefully 'getting current' doesn't become 'getting money from China' and goes unreported or, worse yet, fizzles out completely.
Still holding out hope for both to come to fruition.
Eh - I've got to agree. We all know that China suffers from bad pollution; the posted articles never mention SAVI, dynovalves, etc. and are relatively useless. It's like posting an ad on the McDonald's board that Americans are obese - it's related, but it's not a direct solution.
That said, I don't really care all that much - but they are pretty useless.
The just released 8-K is the most positive update in awhile simply since it doesn't report massive amounts of debt or lack of purported income.
A dumb - but serious - question, but with all these people on board (and with now a new VP of Operations) how the heck is Savi making payroll without any reported income? How many rolls of stock can you hand out to people working for you each month?
Good quantity today; not sure what that non-red looking color is next to it though. :)
Good thing Savi is a 'green' company because its stock certainly never posts that way...
it's just speculation on my part, but I bet it's more ignorance than ill will. Like it's been mentioned, a lot of non-savvy 'investors' own this stock since it was sold/handed out by Serge and the company to early investors / family, etc.
People have been sitting on this stock for maybe 5-8 years and either see an opportunity to just get out. Maybe for a profit after 8 random years or maybe when it hits .008 people get back to breaking even and just want to be done with this stock. Can't really tell, but I'd lean towards it being investor ignorance.
Would love to see it break a half-cent today on its way up. Seems like it's been forever since the days when the stock held at a numerical value that was tangible.
Yes, cautiously optimistic. Having followed this stock for 6-7 years it's the only way to really go about it. Lots of potential, bu I'm not expecting ground breaking news in the next week or so.
Hopefully I'll be surprised though...
I just thought he meant "17 days" until he watches Jerry Maguire.
This is a promising excerpt from the recent 10-k release:
As of December 31, 2012, the Company had $10,839 in cash, $261 in accounts receivable, $100,147 in inventory, $14,785 in net fixed assets and $76,422 in pre-paid assets.
Total current liabilities were $8,410,498 as of December 31, 2012, consisting of convertible debt, net, of $730,742, derivative liabilities of $1,520,308, accounts payable and accrued liabilities of $2,210,579, notes payable of $25,778, settlement payable of $1,580,252, rescission liability of $2,183,544 and accounts payable assumed in recapitalization of $159,295.
We had a negative working capital of $8,222,829 as of December 31, 2012.
As a result, our independent registered public accounting firm, in its report dated February 13, 2015, has expressed substantial doubt about our ability to continue as a going concern.
Our average monthly operational expenses have been $370,588 per month for the year ended December 31, 2012.
I doubt anyone assumes that.
That's definitely the hope; I got in below this current price point a long time ago and have held on for the long run. I never accumulated additional shares but am holding on through this spring and hopefully finally finding the progress the share holders deserve.
I feel most people are going to be holding onto lots of shares for 'the long run' though; i imagine prices will continually dip as people unload large quantities of shares as their personal price points get hit. Can't wait though!
All of the "i'm right - you're wrong' semantics aside -- I sure do miss the days where the stock consistently sat at the .02 range. I used to wish it to go up from there -- now, after significant time and contracts and PR moves it sits at .004 and I just wish it would even go back up to the old days of .02, but that's just my two cents...
You would have hoped that an announcement like the Flying Gob contract would have held the stock at a higher trading point though. Given where the stock was prior to the announcement to the end of day the 2nd day after the announcement, the stock maybe moved up .001 and has dropped steadily since. I get it, but you'd think something so big and substantial would hold the stock at a higher price point.
I could be wrong, and no information has been divulged, but I would imagine some percentage of the first years contract will be paid up front as a retainer which would help Savi in being able to obtain material, pay electricity, make payroll, produce Dynovalves, etc. I'm sure that Savi won't be producing 50,000 valves, shipping them and hoping to get paid.
I wouldn't be surprised if the first check is already in hand or deposited. We'd have no way of knowing.
A reverse split without concrete moves forward would be a killer. Knowing this stock they'll probably act on a reverse split of 500-to-1 then we'll see the stock back to .007 in a week.
And really, I'm not entirely sure that the number of posters on a message board entirely summarizes the number of share holders / interested investors. I started posting here about the time the China deal PR became public, but I've snooped and read intermittently over the span of a couple years just to see what you all thought and to maybe gain any insight.
I'm sure there are many others who have watched from not-too-afar who own stock or will invest on news.
I'm also sure there are many others, like myself, who have owned stock for a long time and just don't get involved with message boards. These are probably the ones (not necessarily myself) hoping to sell 500k-1M+ shares in large quantities to finally see realized gains on their investments.
NC Jim is right. While the contract is very, very important a lot still depends on well how Savi can deliver. How many units are they prepared to ship? Will they meet the quantities and expectations? Can their product produce consistently and relatively error free? A lot still rides on how they deliver and follow through. This $700M deal isn't paid in full or worth anything until Savi follows through on their end.
News is good. Production and delivered sales are great. Patience...
Maybe something else relevant is being announced soon and it's just going to be one big presser...
Let's see if any positive gains will stick today. A lot of movement, but it is disappointing to see it essentially open today where it opened on Monday.
Ah, thanks. I'm unfamiliar with the Market Makerss (sounds like something out of an Orwell novel...) and all of the differences in the OTC, but I'm learning! Thanks for the insight!
Maybe we would be close to closing at a penny today, but this stock has never been about "today" so we'll have patience and give it time.
Although, I will say it is impressive that two sales were able to dump 7.5M shares -- that means two investors were able to spend a combined total of about +/-$60,000 on those two orders.
Savi needs outside investors and new money coming in. I would assume most people who currently own have owned for a long time and they're going to be stubborn with selling so I assume prices will remain low until you see significant price jumps into the green. I feel people have probably held too many shares for far too many years with hopes of great things. You'll basically have to pry shares from people's hands now that there's a contract and sales in place. The stock needs outside marketing and investors.
But don't they see the potential that comes from this news? SAVI has never announced anything close to this. If you've waited a few years, what's maybe 1 more??
Anyways, good riddance, I guess. I hope it's the company buying back stocks on the cheap.
I'm surprised at how many people are selling at such low price points today, given the news. Seems curious to me.
I don't know who would be selling at this point. I'm not very well versed in the market, but rather I am a long-term share holder (sounds like many, many others are as well) who has long been looking to cash in on some kind of gains. Now that there is finally factual, tangible sales -- WHO WOULD BE SELLING? Everyone is going to hold, right?
First time poster; 5-6 year stockholder. All I have to say at this point is that this company and this stock are very perplexing. It's done nothing. There is no news. There's no real progress or anything tangible to hold onto. The product seems like it works, but is way too expensive to install on a family car. I think the ROI was well over a year when thinking of money saved on gas; a lot of people aren't going to go for that.
Anyways, people talk about price points and share prices and it's almost laughable. I'm here with the rest of you "hoping", but until anything/something real comes about -- what's this stock going to be worth aside from the "new yearly high" of half a cent.