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The only reason I can think that this would take place is to try and resist a take over. Generally of a penny stock like this one from a company that is larger with a larger market cap. It's also known as a Shareholder rights plan, it's used to prevent any unwanted, or hostile, acquisitions. With a shareholder rights plan additional shares will be automatically issued to current investors. In the event of a hostile takeover, the purchaser will have to need to pay for investors' original shares as well as the new shares. This will make an acquisition more expensive but not impossible if the buyer is willing to pay an additional price.
It’s good if Bob is gone. However let’s say that the share structure is 3/4 what it is now, which would put it at 2 billion plus O/S. With the market cap unchanged, at best that puts this at .0003. We need a Hail Mary pass. All we can do is hope for a timely shareholder update.
Well let’s see, there is the share structure. There is the most recent 10–Q that says unaudited on many of the statements. Let’s see, there’s also the fact that we haven’t heard anything over a year. Which the latter isn’t so big to me. I’d rather have a PR with some substance rather than the usual fluff anyhow. Overall them showing a profit is a good thing and I guess we’ll see in April how they’ve done with this quarter. Lastly, I believe a note matures on March 30th 2019
http://www.thehotpennystocks.com/Stock-Quotes/stock-data.aspx?stock=SVTE&a=showProfile
On here it has the CEO listed as Carlos Arreola instead of Robert Cashman. Hmm. Weird
http://deltastag.com/
Looks better on the eyes than the .net website link on this board
Whatcha' gonna do?!? Whatcha gonna do brother??! When GMGI runs wild on YOUUU!
In one word...Silver
Amazing!
I like your analogy lol
Mini Berkshire Hathaway here folks..imo
People will be kicking themselves for not holding on to this and loading on the dip days. Oh well...you can lead a horse to water but you can't make him drink it.
You and me both raked in some off the dip. Some can’t see the forest though the trees
Couldn't agree with you more.
Some people can't see the forest through the trees. It's too bad. Also I think any news post should be sticky'd by the moderators of this board. It would help tremendously. Thanks. Have a great rest of y'alls day.
Very good question Lone Wolf..I would love to know the exact answer.
We are golden Ponyboy...GOLDEN
A mini Berkshire Hathaway comes to mind for me. A firm who seeks to acquire pieces of businesses, market sectors, etc. that show lots of promise and growth potential $$$
Very pleased I got in at .0015
I'm grateful to be here. Surrounded by other individuals that know a good thing when they see it. The Banker. The Accountant. The Investor
Burl Ives is singing silver and gold in my head lol
Pretty excited about GRCV, but is there anyway that this board can be updated by any of the moderators? I'm sure it will happen has big news comes out. I'm just curious
Saw this pop up this morning. Had to wire some cash for the run. Wasn't in time for the .0007 tickets but I got in and I'm quite excited about what could be in store. Can you say Copperland?
Upon further reading of the 10 Q posted today, looks like a couple of notes are set to mature this month. One on the 17th and another on the 28th...
Cashman said he planned on buying the stock back starting in March or April. If true to his word, does anyone have a reasonable prediction when that could take place this month?? I'm patiently waiting to see what could happen
Thanks Jet101. Don't have a subscription yet but coming soon. Thanks again
I have emailed about the validity of the Twitter account to both emails. The one listed on this board and the one on the company's website. Hopefully I can get a timely response. GLTA
Took a small position here. Can someone validate with nearly 100% certainty that the twitter account and posts are indeed fake? I understand if it was a verified account then there would be no question if it had the verification check mark. I do know that doesn't mean everything necessarily mean anything. Also, I am aware of Cashman's age. Bottom line, I've done my DD and am open to any new piece of information. Not necessarily looking for opinions. I check this board regularly to see if I can learn anything new I didn't know before.
How long does it take to convert shares so I can sell? Or do I have to wait the 20 business days before I can have the option to sell my shares? How long for the conversion? I still have shares from yesterday pre R/S. Any advice is much appreciated