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The bills never end, you know that.
I orginally thought about the consequence of stating my opinion on the board, shortly after the stock took a crap. Did not want it to keep falling. Now I wish I would have put out a more comprehensive post earlier. It probably did not say more than most people already know but at least it shows that Davenport is not doing business on the up and up. I will never call the guy again as I think all of this is crap (pure distortion by Davenport on the facts). The more I think about this the more I believe Han Solo was not too far off on his opinions of this junk.
No more phone calls or emails. Will post here for everyone. No secrests. I will even share this with Han Solo.
After speaking to Davenport for over an hour today I realized he may have earlier tried painting a prettier picture with Sho-Nuff on SYMW then he had a right to.
Remember back in November/December 2009 when Sho-Nuff mentioned that John D. said if EVERYTHING came together that this stock could easily go up 10x and that patient investors would be well rewarded. John D. at that time was trying to lead us to believe that some grand meat and potato PR was on the horizon and probably before the end of 2009.
Well here is the story. Sympowerco did sign a non disclosure agreement a matter of a day or two after the Hoss Motor Sports/HHHI deal fell through. JD said that they got out JUST in time with HOSS Motor Sports and HHHI. They originally wanted to hook up with Hoss Motor Sports/HHHI to have a better avenue for revenue to pay bills etc., but that they were really not on the same page. SYMW was leery of the HOSS Motor HHHI deal. They got out just in time and they are glad they did. Davenport made reference to what SSEV has done since they (Humphries) took over SSEV and that being nothing. A day or two later JD made it sound like they were in an NDA arrangement (non disclosure type that usually lasts for 5 years) with two prospects and that they were trying to decide what avenue to take. They decided no on one and then no on the other. So currently there is still the non disclosure agreement but no potential for partnership or buyout at this time. NDA's commonly protects one rights with companies of the same technology and infringements on those technologies. They can in many cases end up on buyouts or partnerships.
I asked Davenport about all the selling they were doing and why they were selling shares at .0004 and not higher, especially when they just make announcements. JD said that they have to pay their bills (with shares) when they are asked to. No choice.
I asked if they were moving toward production. Davenport said yes, and trying to move quickly. Davenport also re-iterated that he WAS NOT FOR A REVERSE stock split and that he would avoid it at all costs. He would try to find avenues so he did not have to further dilute the stock. Thus far 12,000,000,000 shares are out there. Davenport owns 5 or 6 billion. The rest are preferred (I believe) and common shares. That leaves a balance on the cap of 20,000,000,000 of 8,000,000,000.
Davenport said that there are meat and potatoe PR's coming that have nothing to do with production but saying more precisely where they are at in all of this. Then it would be more evident as to the enormous potential of this stock.
Davenport has a goal of July of 2010 for a finished prototype. An actual product.
Production still is 3 years away (at least). Davenport said he already emphasized that earlier to share holders.
I asked well if they need to continue to pay bills and everything gets more diluted, won't the stock price go down. Davenport said not necessarily. He believes that the project he is working on (which he greatly enjoys) has enormous upside. They have all of their plans written down and know EXACTLY which avenue to take. The technology is there, and the largest obstacle now is finding a way to separate the acid in the fuel cell and prevent it from eating up other elements of the fuel cell.
Sympowerco has two workers. Davenport and one other. They are planning on adding contractors (4 or 5 of them) some where down the road and have several resumes on their table. Davenport does not want to pay them and at the same time doesn't want to issue more shares. So right now he is undecided about where they are going to go at this time.
The largest thing here that I am skeptical of is the big hype toward the end of the year and how Davenport was saying the patient investor would be well rewarded. That time has come and gone.
Personally, I think we have all been had. I am not trying to say anyone here but want you to know a little more about what is going on.
Carlton University still has graduate students working on their masters etc. and writing up their thesis or whatever on something they have discovered on the fuel cell that is unique and new. These are very intelligent people. SYMW has the rights to anything that Carlton produces but they have no restraints as everything is in house and they can more or less move as fast as they want to toward production without asking permission. Carlton more or less is a bonus.
This is my take on the whole thing.
I am upset about all the hype at the end of 2009 and a promise to the patient investor that personally I do not think will come to fruition.
JMO.
I did not anticipate this kind of reponse and I am at work.
If you want to get ahold of me, email me at carey.t@sbcglobal.net
and I will respond to you. I am no longer taking any calls.
Thanks,
Tim
Anyone (long term) investor call me and I will give you a full scoop of what is going on.
Mikey call me at 920-650-0340. Thanks, Tim
Sho-Nuff, If you can call me at 920-650-0340. This is important.
John also said that they (SYMW) are still 8 billion away from the cap of 20,000,000,000 shares and he has every intention in avoiding issuing all of those shares and is looking at an alternative source of funding verses more dilution.
I spoke for quite a long time with John Davenport.
John said he is AGAINST a reverse stock split and there ARE no plans for this to happen.
John said they are working toward commercialization of the fuel cell aggressively. They have a goal of July 2010 for the prototype to be COMPLETE.
John said he loves this fuel cell product and expects good things from it. There should be a post coming out shortly with more information on where Sympowerco is at the time being in relation to prototype etc. He is taken back on how the last post or two from Sympowerco was taken. They ARE moving toward commercialization.
I do not think we should be discussing this in the best interests of the company.
What about the bloomberg thing. They have created the perfect fuel cell combo. What will this do to sympowerco and all other energy stocks?
The bottom line and I hope I am right. It isn't over until the fat lady sings. I still do not like what is going on but at this point it is fruitless to sell.
The reason why we fell to the next level is all of the stupid talk about reverse stock split. That is not promoting anything and besides, JD said it wasn't going to happen.
PR tomorrow.
Just think if your 7 shares goes up to a million dollars a share you will have 7 million dollars.
This will pop. I don't know if it will go up to a penny or more but it will pop from where it is at. IT JUST TAKES ONE GOOD POST by SSEV, HUMPHRIES. JUST ABOUT ANY KIND OF POST.
Good news for us. I still am not convinced we have seen bottom.
Like someone said earlier today, come on Davenport, throw us a bone.
I think Davenport selling shares to pay bills has hurt us; especially since we had the possibility of upward momentum after the last 4 postings. I think he should quit selling now, and get something going. I have to admit it. I am starting to become a doubter of Davenport and all penny stocks as I believe 99 percent of them are not on the up and up.
JMO
Good news for you .0004.
Takes too long to sell at .0005 and get a buy through at .0004.
Besides that, when I do that, the stock goes up and all I end up doing is lose money. I am either going to make a bunch of money or go down with the ship.
If Davenport is a man of his word, There is something in his back pocket that will trigger this stock to go up 10x like he claims.
I will call Davenport AGAIN soon and see what the heck they are doing.
AND what are you basing anything on. If we were to do a RS it would only go back down again as there is nothing concrete at this time. Mikey had a good point and that was if and when SYMW shows themselves (that means a couple of meat and potatoes announcements), then and only then could one maybe occur. A reverse usually does more harm then good to many involved. You are probably talking from your point of view having secured all of your shares at .0004 or something like that. Think of the rest of the people. Let's be fair here and look to the good of everyone on this board and wait for the GOOD and solid announcements and then leave it up to Davenport. It is very easy for something to go up even 100x in one day.
Davenport already said that this VERY EASILY could go up 10x.
What is your motive for the last comment. I know - You, You, You.
Loose off the wall comments such as this. No wonder Sho-Nuff took time away from this board listening to such garbage.
JMO
For all you naysayers.
I do not care about whether one company was a flop (DLAD) or whatever.
Unless you can back up what you are saying, get the heck off of this board, you do not belong here. Humphries operates out of TWO locations.
I think some of the naysayers are so upset that they have appeared to lose money that they want everyone else to lose money.
You do not lose money until you sell.
Mark these words, IF Stephen Humphries is in anyway misrepresenting his company, he will go to prison. If he is lying about senatorial endorsements for a grant that is ficticous and everything else he has been saying he is making a paper trail which will trap him.
I have all of his posts and will make sure that people that are misrepresenting will be liable.
I will not be the only one who brings Humphries down IF he is lying. All in all, SSEV is a good company.
Hold tight as THIS WILL FLY, with or without Humphries. HHHI has something going for them.
This is not all about Humphries, it is about people that want to twist the facts to get the stock to go in their direction and to their advantage. Been there, fell for this junk more than once only to see the stock go to the moon. Doubters sell your shares.
I know. I have done that too many times and it is amazing how long after I sell that the stock takes off. On several occasions, less than 5 minutes after I sold, the stock took off big time. I am not taking the blame though but it sometimes seems to indicate I am to blame.
Cburg,
It sounded like you were trying to get ahold of Humphries but then you said that they said advertising was SSEV's responsiblity.
Who did you talk to?
Actually this is not saying anything we already know. The stock has tanked; (gone down). The only questions remain:
Dongfeng Motors (China) relationship
Any takers on their technology which is going out big time.
senatorial backing (grant)
reported revenue
Sometimes it is better to report nothing than something as this doesn't say ANYTHING we do not already know.
Your chances of getting ahold of SSEV (Stephen Humphries) is like finding a needle in a hay stack. Besides, he doesn't care about the shareholders. You can gather that when he talks to you. JMO.
JD cannot give you a timeline. If he gave out that sort of info, that would be called insider trading and a big no-no with the SEC.
I think as it is, JD divulges too much and is walking a tight rope.
I just wish such comments as stock holders would be rewarded and such would not be used by JD as that is an opinion and should be scratched from the records as you cannot count on an opinion.
I would like to know more about these other (plural) parties, JD was referring too when he made it sound like Sympowerco was trying to make up their mind who they wanted to go with (whether it be partnership or buyout).
Personally, I am losing my faith here as there appears to be so much good news, but this stock is not doing didilidoo.
With all of the news that has been generated so far, I would think this stock would currently be somewhere in the .002 range or higher. This triple digit is NOT in my opinion justifiable unless we have someone keeping the whole truth from us.
Also, it would be bad because SYMW while under a different symbol already did a reverse stock split in March of 2009.
Another one would be total BS and everyone on this board knows that.
Reverse at these prices is bad. I hate it when people think RS is a good thing. No it is not. It would be diligent of the
CEO to keep his word from what he said to Sho-Nuff and that being there are no plans for a RS.
I already own this stock. I just will not be buying any of Humphries other stock.
I should have known. I guess I will not be picking up any of his shares then.
If we see another PR, we may get above that .0007 mark.
You know everyone says Stephen Humphries ruins companies but I was just thinking about what happened when he took over the helm (SSEV went up to 15 cent a share from a low of .0001).
So looking at all of the naysayers, I might start buying more Steven Humphries stock. Everybody wants to toss it. I am considering buying up the .0001 stock even some of those without a bid. I bet DLAD goes up from where it is now sitting.
Isn't that how some people get rich and that being stock that people are freaking out about and trying to get rid of.
You are wrong
I think a penny could come back very easily if there is news such as a grant being given to SSEV or something becomes of the SSEV + China auto thing with a potential of 100,000,000 in revenue.
anything purchase between .0004 and .0006 and you are doing good.
At the price you would be getting in on. Absolutely!
I am glad. I should have known what IMO was but now I know.
Feel kind of behind the times.
Thanks Sho-Nuff.
You just taught me something.
Mikey,
There is only one thing that bothers me in this report by JD.
JD spoke with Sho-Nuff and said that this could easily go to 10x its current value in a blink of an eye and even more than our imagination and that patient shareholders WOULD be rewarded. To me this is broadcasting more of a sure thing. We also received a post by SYMW that they were considering more than one possibility regarding partnership/buyout or whatever and that is all of sudden hush.
Then on the same note he says...............
Anyway, be careful with all Pink Sheets companies, including ours. It's a volatile, hazardous place so don't bet the farm on us or any others there. We'll try to bring this kicking and screaming into greater stability if we can, and the new FEDMFC prototype is intended to help us do that.
I realize that all penny stocks are extremely risky but if a CEO were to insinuate that something IS GOING TO HAPPEN SUCH AS STOCK INVESTER WILL BE REWARDED then they could be stepping out of bounds just a little bit and should really say this stock has possibilites and there is a lot of potential for investors to be rewarded.
Just my thoughts. I am not putting all of my eggs in one basket or betting the farm so I am not overly stressed about this whole thing.