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I guess you haven't noticed that the share count has been increased and that they are diluting daily, on top of that GM now says hes been selling some of his 15 million on the way down to ensure he make some profit on the shares he bought over a year ago on the last round of dilution. One must ask oneself, why isn't the price going up if they truly are now selling all over Vegas and instead the price is at a 52-week low and dropping daily???
lol, it's quite obvious that they are dumping new shares at the bid daily now, millions more to come so open your wallets suckers!
also, if its retail selling, why would someone be dumping this many shares the past couple of days at a 52-week low when news is overdue as to where they are selling, how much has been sold, etc?
The volume jumped from 3.5 million to 6.5 million after the market closed today, that is usually a T-trade (i.e. from dilution).
It will all eventually unfold for you my neighbor friend, the inventory apparently being stocked in all the locations stated by DRMO in his last post is what I'm referring to, guess he must have had to take on new notes to pay for it, or for salaries, or both.
Next step will be a r/s in order to sell more shares to fund operations, it's the way of OTC land, they are all alike! Sorry for those who bought millions thinking this was a gold mine, in another year or two you will probably have 1/100th the shares you have today! And shame on those who thought the Great Timbaland was gonna fund his own money for operations, what a joke, new notes is the answer to how they are funding this new inventory.
Guess what folks, the reason why the stock price is falling is BECAUSE THEY ARE DILUTING! see the t-trade of about 3 million today, there you go! You would think the lying CEO, who promised much more news this year and all you got was a pool party in early summertime, would have been smart enough to have pumped up the stock price with a PR prior to this dilution. See you at trips in the coming days folks!
Down 50% in 1 week, now we need a 100% pop just to gain back what was lost, dilution sure kills a rally.
Nice action today, looks like the longer Mo takes to progress to draw in new shareholders, the more his existing shareholders will sell their shares and move on (like today).
Well I sent an e-mail to cashman@serviceteaminc.net yesterday inquiring about this latest dilution when the CEO stated a couple weeks ago that there would be no more dilution as the notes had been paid back. Of course I have not gotten a reply back, nor do I expect one. Guess none of us will know the answer as to what this current dilution is for and how much is left until they decide to tell us whenever that may be. I really thought I had a winner here and still hope so, but I'm losing faith and belief in them each day that passes. Been burned by too many stinky pinkies in the past where CEO's promise one thing but never deliver.
You are absolutely right (again)! I want to know why the share count is still increasing daily when on 11/17 post #13951 by winmeny states that per conversation with the CEO that the $38,500 note that was supposed to be due on November 25, 2016 has been paid off. The noteholder converted his last portion of the note for 21M shares. This is the last note for this year and the The O/S now is 239M shares. So why is share count now at 263 million and climbing daily? If I don't get an answer in the next 1-2 weeks, I will be selling my 2 milly and moving on, what a huge disappointment that would be after believing there was such potential for this stock.
what a shame, now we are all in the dark until we see "written proof" that the notes are done. I wouldn't doubt it if todays fall in price is due to more dilution, taking advantage of the rise in price the past couple of days.
according to Times post, they are still diluting, so yes it won't go up again until the 10K comes out showing confirmation of their notes.
I think the longer term trend will be upward now that dilution appears to be done and the company is growing, unfortunately in OTC land anything can happen as most traders are just flippers looking for some beer money.
Ya think? 4.5 million and the ask is now in the .002's. That poster Neophius was absolutely correct yesterday, it will drop back to the .002's. Guess he knows OTC land better than the rest of us.
Wonderful, now we are at .0031 which is .0005 lower than yesterday. Hope the seller doesn't come back on the next run, we need much stronger longs to hold this stock, but I guess thats just life in OTCLand.
Hmmm, nothing but profit taking so far this morning and the bid is slowly eroding. Usually when all these new posters show up all of a sudden hyping the stock the rally ends as the beer money profit takers sell. All profit from yesterday have already evaporated on less than a million shares, what a shame!
Walmart? Wow, that is huge! I wonder why this stock trades no volume and has been slowing dying the past 6 months if they may sell thru Walmart?
looks like you may get your wish, they took it down 20% already on a measly 340k shares.
the volume and price on this stock is pathetic, now I see why NOBODY new is buying in.
yep.
you say you bought 50k shares today, and the total volume was only 20K shares (a $48 trade), thus I guess someone must have donated the other 30K shares to you as a gift.
Feels like everyone mostly filled up the past 2 days as indicated by the high volume, just need some follow-thru. What irks me is the mm's will widen the spread and take it down on 1/10th the same volume that it took to take it up the previous day.
Such a shame that this can't run, the only ones making money are the daytraders. A lot of people bought in yesterday and volume soared to 30 million shares, then they take it right back down on low volume when the buying stalls. Need news to break .004, otherwise this is it.
Dilution is now over and 30 million shares were bought yesterday, time to get this train going and get this over .004, otherwise the mm's will drag it down on low volume using wider spreads.
lol, who buys 47K shares? well it will vaporize tomorrow.
How does he get paid when there has been relatively no revenues or income for months?
CEO sitting on a couch holding a can, guess that is the only PR he can put out.
Guess he is smiling because he makes his salary at the expense of his shareholders.
Agree, too many children flipping these penny stocks for a couple hundred bucks for weekend beer money, too bad they can't hold onto a good one like SVTE for more than a day or two.
Stupidity then, who would sell that low when the stock just started moving and was above .004?
Sad that someone is sucking the mojo out of this stock so quickly, we should be above .004 today, not down to .003.
Was thinking about buying this stock when I came upon it, but after doing some dd, I think I will wait longer. First of all, there is virtually no volume in this stock which eludes to no interest, why not? They don't put out too many PR's, so how do investors know what the heck is going on? Is product out in stores for sale, because if so, I would think they would be eager to report on progress. Also, 1.5 billion shares outstanding puts this at a $3 million dollar market cap which seems high without any sales to back it up. Not bashing, just looking for a reason to be motivated to buy now even though its at a 52-week low.