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Sniper has hinted before on this other BIG project. Likely the project the funds were really used to forward. I will be very interested to hear more details.
He stated it would have impact on Chinese, Japanese and Korean companies.
One can guess on that at this point.
Right. Lee makes the case pretty well. But I still see some details on why things went this way are missing. And I see most of it as an excuse for Lee to use the funds elsewhere.
My point is, I don't think Sawyer was really trying to steal from Saean. I think it was more of a misunderstanding that spiraled.
Which should lend to this getting resolved sooner than later.
When it does, the PPS will depend on the Saean news releases. I expect many.
I am still of the opinion that Sawyer saved us EMPM shareholders from Lee's dissolution plan to give us all the shaft so he could reinstate and have all shares to then sell 30% of those for funding. Retaining majority control. I hope this is unlikely now that court is involved. Which I think is exactly why Sawyer filed court case. Now Lee will not be able to do the short sighted move. And court will not allow a full dissolution with reinstatement just to remove shareholders.
Likely Lee will increase share count and sell some to raise capital. I am fine with this. Lee will still retain majority or even super majority.
Lee is not giving up yet that I have seen. Saean is busy.
I am not here to watch the argument between a paranoid scientist and an experienced power hungry business exec.
I want to see the Saean new tech change the EV/energy world.
This case needs to get over with and Saean needs to proceed with the plans we all have been waiting for.
Happy Independence Day everyone. May the force be with you. Live long and prosper.
CDEL looks to be soaking up any shares to be sold. That Bid keeps its hold and the sellers give up shares to be replaced at higher PPS.
Great to get your profits. But I see a higher target.
When case is settled, I see only one direction this PPS will go. Others must see it as well. Available amount of shares are getting less and less.
PPS is creeping up each day.
An OTC update of any kind will send this over the previous highs. Then we should have some flipping at those levels and more will lose their stacks of shares for profits.
Then the real news will come from Lee on tech and productions and we will see a whole new stock at that point.
My opinion only. As I have been waiting for this to happen for a while. delayed by a pandemic and some sort of a power grab.
Finally at the turning point.
Almost .03 spread and no Bid wacks. Waiting for news.
Almost a .02 spread and no significant selling to the bid. Says a lot for the current float holdings.
Appears the -4 shares have gone. Very difficult to flip a large block and get your shares back with much of a spread. Profit takers will likely have smaller piles in future.
Just remembering why i am here and have endured this little mess. Seeing the big picture.
How big of a deal could SAEAN be?
NKLA went crazy while we had our little run up. New EV tech start ups with DISRUPTIVE tech could change the landscape.
Nikola uses a Hydrogen fuel cell. While Saean has a Solid Hydrogen storage system that could change all hydrogen fuel vehicles.
News:
Tesla competitor Nikola Corp. has seen its shares surge since debuting as a public company last week.
The rise in Nikola has sent its market valuation to $31 billion in Wednesday morning trades, higher than car giants Ford and Fiat Chrysler.
Nikola Motor Corp. has yet to sell a single car, has $0 in revenue, and doesn't expect to generate revenue until 2021.
https://markets.businessinsider.com/news/stocks/nikola-stock-market-value-soar-past-ford-fiat-chrysler-surpass-2020-6-1029298004
Saean:
7. The progress of the two technologies (solid hydrogen and materials) that will be carried out with Saean in the form of JVC after the development and verification on our side, which will be independently parallel to the HydroLPG (Saean's EV technology). We will submit patent applications at the same time, and we are confident that this proven technology will give us a unique global advantage.
By the comments some seem to know.
I share your opinion.
Several posts on the Korean forum are complaints about the hang up in US listing. And how the Korean shares are 'tied up' in the new listing process. They are also frustrated and have been waiting a long time. The pressure on Saean/Lee to get this resolved ASAP is large.
We are only a small side of this endeavor. Along for the ride.
Agreed. That'is why I am still here waiting for the mess to clean up and Saean to proceed.
Disruptive Technology.
Lets not forget why we are here.
consolidating those shares below 3s out very well here.
Profit takers will get their take and move on.
Saean still owns EMPM
Court decision was made and Saea/Lee has the books now.
Float has become crazy tight.
The Ask is being picked at and the large blocks on the BID are so far not being filled.
That's what it is for now. Hope its a sign of whats to come.
Good perspective. Not exactly a large $ sum. Although it is interesting how easily this moves on a small amount.
Certainly agree with the locked float.
With that big block at .04 gone, the ASK got really thin
Getting interesting. Anyone know whats up?
Court case is more than mention
Website updates are looking good
https://www.saeanmotors.com/about
Curious how this will trade with real volume after some good news. The dynamics have really changed here. Current shareholders are likely not quick flippers. The weeds have been pulled out of the crop.
Seen 500K bid flash up then poof gone
Right. How do you from cover photo to nothing ever happened?
My 6yr old has chocolate on his face but did not eat the cookie.
Lee needs to get SAEAN listed.
He bought EMPM controlling shares to achieve listing.
Lee still owns shares.
Saean is Laying out PRs on WID-U and ED-S preparing for market.
Anyone want to add to this?
My question was actually why wouldn't Sawyer walk away when things didn't go however he was planning?
Lee has a big investment here. $$$ reasons to make this work.
What does WS have? I still don't see the motivation. Get even with Lee? I don't buy that one.
Maybe.
Lee wanted to dissolve EMPM. Partially or fully. Then get rid of us shareholders. I don't like that.
Would be nice to know we are past that option.
Not saying that. I like Lee owning super majority shares. He won't sell them.
But I am still trying to find WS motivation. Why?
Personal gain? What is he getting here?
Scam as some say? What is he scamming?
Where is the money EMPM received? Back in Lee's hands? Why?
If Lee had left the funds in EMPM, would all had been fine? Or was WS up to something? Lee stopped him.
But why would WS continue? I don't see how he needs this problem. He could have walked away. So why?
Agreed. All in how it is handled. But I think there is more to WS blocking Lee form actions than we are fully getting so far.
Once this disagreement is worked out we should be back on track.
Saean is working on the products.
I guess I am just seeing this differently.
Looks to me as Lee wants to issue shares so he can achieve super majority status. Causing dilution of % of public owned shares. If Lee plans to own these shares for control purposes I don't see a problem. No sales for public dilution. IF he sells some to raise capitol then...
WS is against Lee's dilution plan. Possibly in our best interest.
Time will tell
BECAUSE OUR PRINCIPAL SHAREHOLDER CONTROLS OUR ACTIVITIES, HE MAY CAUSE US TO ACT IN A MANNER THAT IS MOST BENEFICIAL TO HIMSELF AND NOT TO OTHER SHAREHOLDERS WHICH COULD CAUSE US NOT TO TAKE ACTIONS THAT OUTSIDE INVESTORS MIGHT VIEW FAVORABLY
Our principal shareholder owns approximately 61% of our outstanding common stock. As a result, he effectively controls all matters requiring stockholder approval, including the election of directors, the approval of significant corporate transactions, such as mergers and related party transaction. These insiders also have the ability to delay or perhaps even block, by their ownership of our stock, an unsolicited tender offer. This concentration of ownership could have the effect of delaying, deterring or preventing a change in control of our company that you might view favorably.
Most of my funds are in EMPM.
Flipped some gold also. Along with some oil off the bottom.
But I missed a lot with funds tied up here.
Yes I remember when your wife was getting in. I was adding at that time also. Been here a long time. Got into this one more than I should have risked on any single play. Still holding loses. Then ended up with that stupid virus and when I returned EMPM was in the drop.
I invested in Lee and the Saean team. I would like to say I still am. But that now depends on Lee getting this all fixed.
IF that is the problem, then it's solvable and we shall move on.
But why would you rob a store before the shelves are stocked?
The timing is terrible for trying to steal Saean. He could only control an empty shell at best.
There is more. I'm sure. There is more.
I just want to see it worked out.
When this issue works out we should get going strong with what Saean is working on.
The future is just taking longer than I though it would.
Agree with this post
And the other
Hoping it all works out fine.
Yes , those promise notes had me very excited then.
But where is the money now?
What exactly did WS steal?
The A shares have no sell value.
The issuance of A shares to WS was not the attack action. It was a response to Lee's actions. The disagreement started back in Dec/Jan when Sawyer and crew went to Korea. But who is to blame for the beginning? Still not clear.
Lee pulled funds back before the A shares. Why? Sawyer says they were used to fund other projects. I haven't seen what Lee says about where the funds are yet.
The BIG reveal for the new prototype ED-S and WID-U.
If we didn't have this legal mess, this would be some of the big news we were waiting for.