Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Lee is a big shareholder
steady climb on very low volume. No selling into the bid. Looks very good indeed.
Coal steel
I have found nothing to support preferred shares. All indications are common shares with a standard 6 month trade hold.
I do not think anyone has stated they think someone is keeping the PPS held up, only that it was and is being held under .11 range.
The reason for this I think is in Chen's thinking of the PPS and exchange rate of Saean at time of transfer. I agree with this mostly because I think it makes a great deal of sense with Tax Liabilities.
The 1-10 has been done with the Korean to US shares as shown to the Koreans on their tax/transfer papers. So that should be settled
Some math has been shown in the past as to what Korean to US shares are worth exchanged. However I do not think it is quite that simple. I speculate that some form of audit of assets has been done to arrive at a satisfactory number that is being used. This is where the EMPM stock Cap is being held until the exchange takes place. By doing this they will avoid large capitol gains taxes.
A plan is in place to raise the PPS AFTER listing. PIPE financing and intentional open market trading. Also the company valuation should help with this $3++ target. I think is more around 5-6 $.
The Korean share holders have been given a promise/guarantee that the PPS will be over $5 at time of their shares going live after 6 months hold. (Possibly $6)
Saean has never said anything about RS. Nor is there any foreseeable reason for such. They have planned to run the PPS up after listing. Plainly stated in PRs. With funds already secured and more that is planned. (Read this board history and OTC News.) Also this would reduce the Float so that it would be difficult to meet listing criteria.
I am not an accountant, so any input from more knowing is appriciated.
Depending on what tax method is used to enter US market could change the tax liabilities a lot. And how assets from Korea are listed ( like new Mokpo Plant.) offices and buildings. Since all this is planned to be listed under new Saean Group in US.
It appears we are now waiting for the Korean shares to all be verified and filed. A date of 12/20 has been given as when they will receive shares. I doubt much will happen till after that. So I am guessing right about end of year. 4 more weeks. But then, Lee has been working on "Coming to America" since early 2017. So I will wait another month or two to get rich. While I play stupid garbage stocks for gas money.
Some info here also:
https://home.kpmg/xx/en/home/insights/2018/04/korea-taxation-of-cross-border-mergers-and-acquisition.html
My Etrade buy earlier at .004 post through ASCM ...So.....
Yep Yep yep
"revolutionize the EV industry" as they are saying
I want to see it !!!!
Quote: The day when drivers swap batteries at a convenience store might come sooner than we thought. Who knows? ”
Wouldn't that be something.
Chatter on Korean forum is saying they are receiving and filling out stock transfer papers.
Also confirming the 1 to 10 transfer rate from Korean to US stock
All coming together.
New post on Korean forum
http://www.ipo38.co.kr/forum/?o=v&code=268400&no=833&page=1
If you are Anti-Coal, vote with your dollars and don't invest here.
If you like having electricity at your home, work, town then see that it is used responsibly. Buy, Sell or leave your choice
Saean chose EMPM as a shell to merge into. I do not think it was done with the intent that the share structure sucks for their plans. Or the existing debt or liabilities. ( Like none)
There are many shells available. And Lee chose to buy this one up.
As a point. my trades using ETrade also showed up through GTSM
Could be anyone
Nice trend line working. New HOD coming
The MM walls have been holding PPS below .11. General Bid support is holding it up to whatever. Although every time the price dipped it appears the MMs and others clean it up fast.
Agreed. And this one is special with S Korea Stock merger. Only a hand full of Korean stocks on US exchanges. Rare Bird.
More hurdles to deal with.
No doubts it will happen though.
Trend is still holding. Nothing has changed. Just waiting for the process.
welcome skichic
Lee and team have lined up plan and financials to take this to NASDAQ. Any hurdles in OTC registration will be dealt with. This is not a crappy little pump scam here.
Korean post said we may have to wait a bit longer for the listing processing. Claiming all information has been filed. Not real sure what that means. Could just be referring to Korean ability to trade in our market. And what ever additional they need to file for ability.
The wait is frustrating. But I think it will be very worth it.
Guessing at this point
Fills in the world wide distribution part. Good to have an existing infrastructure of sales. The Saean network is building.
Valuation looks good. More like VALUABLE.
Seems odd to have Saean website list EPC products with Saean branding on them and description saying "Saean new line of...." instead of "we also carry quality products from EPC"
could be as simple as this PR statement
Both have agreed to work together in the future where DBA SAEAN EV MOTORS will become an R&D partner as well as a distributor of products via one of its subsidiaries known as dba SAEAN ENERGY USA.
OR More ???
So far with EPC same website product listing and previous PR of "The Korean Group toured the future facilities of EMPM instilling confidence in the future with the progress made to date."
Looks more like acquisition to me.
The connection with EPC may be more than was stated yet.
Will be fun when the news starts to fly.
Another 30K+ shares disappear in the GAP
If this was another stock (pumper) I might agree with you.
But it's not. And L2 has shown a consistent level of PPS holding.
A seller could have easily let this run and sold much higher. Heck a seller with this many shares could have run it up themselves to sell higher.
This is being controlled for the merger.
Saean said they would control price after and I have no doubt they can control the price before change.
They stated papers filed. Just wait for FINRA to get this complete.
Then fireworks.
Images of solar panel arrays. Interesting choice.
Some of the products are used in conjunction with solar, true.
No images of wind or hydro.
No images of vehicles, new WID or sports car.
There is much more coming here.
Including overseas projects previously undertaken by SAEAn Lee
UAE, India, Malaysia, Africa, China, Indonesia, Oman, Poland, etc..
Many of these markets could be far more lucrative than the US. The US still loves oil. EV will take a little longer to dominate.
Many smaller countries are making a shift away from oil as they lack a domestic supply. And must make their economies stable from outside problems.
The NASDAQ muscle will give Saean the ability to be global in a great way. And being domestic in the US should get them around tariffs and most trade issues.
Saean has said they want to be Global. I don't doubt they will be shooting for that.
Impatiently waiting to see.......
Ya translation is a bit hard to decifer.
Looks positive though.
I think it is going to happen very soon. This week expected.
New post on Korean forum- Link
http://www.ipo38.co.kr/forum/?o=v&code=268400&no=809&page=1
Use google translate.
I can't seem to copy and paste it from the original. Sorry
price control with such low cost. They are doing it so easy.
And don't forget Malaysia
http://www.koreaherald.com/view.php?ud=20180626000674&ACE_SEARCH=1
Repost of Chenn's DD.
Saean - Retrofitting used internal combustion vehicles
This article pretty much summarizes the smart tech Saean owns......
Saean-Vietnam JV - (Open99 Group)
JL International, the Korean branch of Vietnam's largest transportation company, Open99 Group, has signed an M.O.A. to expand its operations in Vietnam.
At the MOA, which was promoted by Wonju Tourism Development, Saean Lee Jung-yong, CEO of the company, demonstrated the technological prowess that he has worked on for 12 years based on videos of development from 2005 to the present.
The electric truck, which was converted into an electric vehicle, was proven to be highly technical in its driving experiments. An electric car carrying a ton of cargo accelerated to the top of Mt. Jiri, which is over a 30 degree incline, because the battery capacity remained nearly 75 percent.
At the time, electric vehicle technology was not able to climb the rugged mountain, but the car, which was renovated by CEO Lee Jung-yong, was beyond that. One of the biggest strengths of electric vehicles is that eco-friendly vehicles can save on fuel costs, and CEO Lee Jung-yong has developed more than 20 different types of electric vehicles.
The electric vehicle we're seeing in this video is also a pollution-free vehicle with no emissions, but the temperature does not rise after excessive driving, so there's nothing wrong with touching the controller directly.
Video link:
Lets just stick with the last statement from Korea
Quote:
Shareholders of Saean! How are you?
The cold air of the morning marks the beginning of a hard day.
On the 31st of last month, we made our first big deal worth 120 billion to 200 billion won for the Quantum Jump in Saean.
You might have already seen the news from several articles.
It is to establish a JVC-like corporation that is made up of Saean's technology and the capital of Naunuri Information.
This technology has already been proven by Lee's long-term test of a small truck running 20km from Cheoneun Temple in Jirisan Mountain.
I'm not sure of JVC's equity ratio in this, but this JVC type of investment would probably be the most ideal form for Saean.
It's nice to have hardware (large production facilities), but even the biggest global automakers have suffered the most from their initial investment in setting up a production plant.
Once the production facility becomes visible under this agreement, I expect Lee will use this as a pick-up point for completing various projects that have been underway worldwide.
We hope that these global projects will be followed by JVC-type investments that will secure stakes or distribute profits from the sales of EVs based on Saean's technologies.
But now we have to focus on stock swaps, OTC registration in the US, and the completion of small heavy equipment projects in Japan.
In addition, the purchase price mentioned in article 285 regarding the transfer tax announced by Saean (the stock price mentioned is expected to be the purchase price of Saean Inc in the US, not the purchase price of over-the-counter shares in Korea) is being made in consultation with various agencies.
After the decision is made, shareholders who have transferred shares to Saean in Korea will be required to file a report on the transfer tax.
Since we have completed the administrative process of registering OTCQB in the US, we can wait a little longer.
However, since no one in Korea has ever done this before, it is expected that it will take more time to review other administrative settings for smooth trading in the future related to individual shareholders other than OTCQB registration.
After OTCQB registration, we expect all to be completed well within the restriction period.
And we expect the announcement of this contract in Mokpo and the upcoming contract from the small heavy machinery project in Japan will be well received by OTCQB.
If that happens, the move to Nasdaq will be easy, and the ultimate challenge is to prepare good materials for Saean Inc to launch on the Nasdaq.
Once these good materials are ready and supported by our US investment partners, global funds will enter Saean Inc, NASDAQ will set a new record for Saean's Quantum Jump.
In my next few posts, I'll recap the story of Saean's leap for Quantum Jump on NASDAQ.
(P.S.) Currently, most of Saean's shares are already in the company's account. So it's almost impossible to trade them over-the-counter in Korea. But, there are still some shares being put up for sale.
There was a selling order on the over-the-counter stock exchange at 8,000 won per share. Considering the effect of this Mokpo contract, this price will be the minimum selling price in the future. There seems to be a lot of words in today's writing: prediction and outlook. But as we wrap up one by one, we're going to be the history of Saean, which is going to be a story, not a prediction. And after reading these, I would like to ask for comments of encouragement and support.
http://www.ipo38.co.kr/forum/?o=v&code=268400&no=803&page=1
I got that
LOL listen to Musk. He states a lot of parallels with what Saean says about their plans. EV is not going to be big. It is going to be the new standard. Why would you buy an ICE vehicle and pay for gasoline when an EV will be more cost effective.
Yeah Shorts!! Like bright colored ones to wear to Hawaii