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JD is out of touch with reality. I saw that the last time I spoke with him. He just doesn't get it on some of the issues I brought up.
If he continues to pay his bills with stock he will be selling at .0003 rather than .0004 unless something happens between now and then to bring the stock back up to higher levels.
The sec will do something about it. I already received notice on two different occasions asking if I wanted to be part of a class civil lawsuit against a company to reclaim losses.
JD is good at the phone conversation with specifics. He is vague on posts because he doesn't want to be accountable. He can always say to someone. I did not say this or I did not say that.
They took it out of context. I already heard him say that to me so why would anyone else be any different.
That is a hard call to make. I didn't get into SSEV until it was already WAY down. It has actually started to stabilize. Over half of what I have in SSEV came from SYMW because I sold 1/3 of my position in SYMW as something just did not feel quite right and I did not want all my eggs in the same basket. I did that a while back when SYMW was on one of its runs. I still own a couple million shares in SYMW and am not going anywhere anytime soon. That may change if SYMW goes on a little run; however if I pulled any out I would wait again for it to hopefully go back down. I am going to start taking profit rather then waiting on CEO's that like to twist everything they say just to trigger buying.
Penny stocks aren't all bad. The ones I have experience that are usualy worse than others are the SPECULATIVE ones such as SYMW and SSEV; however the speculative ones if you hit them at the right time can make you the most money.
If I had to compare the two CEO's at this point (SSEV and SYMW)I would call it a tie. One doesn't like to say anything, and that is quite understandable because there is a fine line in saying too much. The other one talks and talks and talks and I do not think he completely believes what he is saying himself.
I still like JD, but he needs to better understand that EVERYTHING HE DOES and SAYS affects the actions that shareholders takes. He does a lot of twisting and that is the part THAT TICKS ME OFF. Let me put it this way. I would never be Stephen Humphries friend (as I do not feel good after speaking to him) and I could see myself being a friend of John Davenport, but PR skills is not always what gets the job done. Here we have two complete opposites.
We shall see where this all goes.
That is a hard call to make. I didn't get into SSEV until it was already WAY down. It has actually started to stabilize. Over half of what I have in SSEV came from SYMW because I sold 1/3 of my position in SYMW as something just feel quite right and I did not want all eggs in the same basket. I did that a while back when SYMW was on one of its runs. I still own a couple million shares in SYMW and am not going anywhere anytime soon. That may change if SYMW goes on a little run; however if I pulled any out I would wait again for it to hopefully go back down. I am going to start to take more profit that waiting on CEO's that like to twist everything they say just to trigger buying.
Penny stocks aren't all bad. The ones I have experience that are usualy worse than others are the SPECULATIVE ones such as SYMW and SSEV; however the speculative ones if you hit them at the right time can make you the most money.
If I had to compare the two CEO's at this point (SSEV and SYMW)I would call it a tie. One doesn't like to say anything, and that is quite understandable because there is a fine line to saying to much. The other one talks and talks and talks and I do not think he completely believes what he is saying himself.
I still like JD, but he needs to better understand that EVERYTHING HE DOES and SAYS affects the actions that shareholders takes.
We shall see.
Here is another part of that December 4th conversation.
I asked him about the financial strains that had occurred over the last year and what he had said on Nov. 18. I asked him if things were looking better or worse as far as private and government money. He said "ABSOLUTELY BETTER!" Things are definitely improving in that area again. There are government
plans that are coming together that will benefit SYMW from the USA and from Canada.
Remember this one Sho-Nuff from December 4th 2009.
I was excited to talk to him and hear what he had to say, then he said this. Remember that you are dealing with a penny stock. It can jump a whole lot on a little of nothing. It can also jump 10 times its current value when something good comes out. At the levels it is now, it could very well jump 10 times its current price when all the news comes out that I am going to be putting out before the end of the year. If it can all come together at the same time people will be amazed. He sounded truly excited about the potential here.
SYMW
SYMPOWERCO CORP
Weekly Commentary
Our system posted WAIT . The previous SELL recommendation that was confirmed was made on 11.06.2009 (112) days ago, when the stock price was 0.0007 . Since then SYMW has fallen -57.14% .
The previous BUY-IF signal is null and void. We allowed two weeks for the confirmation of the bullish pattern and the market denied confirmation. None of the three bullish conditions were realized.
It is now time to wait for the next signal. Meanwhile, either stay at cash or check the other stocks. Do not bother with further buying or short selling this stock as long as the WAIT tag stays.
Data provided by: End of Day Data
WAIT
0.0003
-0.0001 -25.00%
Candlestick Analysis
This Week's Patterns: Black Spinning Top
This week a Black Spinning Top was formed. This represents complete indecision between the bulls and the bears.
For more about this candlestick click here.
Stock Quote
Week's Close 0.0003
Previous Weekly Close 0.0004
Previous Weekly Open 0.0007
Change -0.0001
% Change -25.00%
Volume 489,485,800
Stock Activity
Week's Open 0.0004
Week's High 0.0005
Week's Low 0.0003
20-Week Close M.A. 0.0006
50-Week Close M.A. 0.0007
20-Week Volume M.A. 169,755,328
I would like to know where SYMW is, as far as being fully reporting. Then maybe we could see the crap that is going on.
It is not always about finance.
Overall debt combined with POTENTIAL and the way people perceive that potential.
It doesn't matter if the perception of the stock holders is warped as long as they believe that a stock has huge upside, they will climb aboard and the stock will go up.
What gets me though is those CEO's that twist their wording just right (distorting the truth) to get new investors on board.
What they fail to realize sometimes is THAT THEY ARE LEAVING A TRAIL and should be very careful as to the type of trail they are leaving. That trail could (even in the penny stocks) spell jail time and or prison time.
A CEO who doesn't talk to you can be doing nothing also. If a company is a ficticious then there really is nothing to do but collect money. At least we have a CEO that is willing to respond to investors and who appears to have quite a handle on Fuel Cells.
Time will tell.
The thing that raises doubt in my mind is right now Davenport claims to be committed to the project, but in his very next breath he will say something like, if this doesn't work, we will try something else. That has booth good and bad connotations as it means he will not give up, however he will use our money and not give up.
The time thing to when they go to production (3 years plus)sounds like another piece of (BS) as Sympowerco now claims they are moving along (in house) and do not have strings holding them back so they can move along much faster toward production.
**************************
Jan. 22, 2010, 7:30 a.m. EST · Recommend · Post:
SymPowerco Discusses Development Plans for 2010
GARDNERVILLE, NV, Jan 22, 2010 (MARKETWIRE via COMTEX) -- SymPowerco Corporation (PINKSHEETS: SYMW) CEO John Davenport announced today that the company has completed a broad assessment of the current state of its technologies and of its various technical and business relationships with the objective of maximizing their values to shareholders.
As a result of the reviews, SymPowerco has developed a multi-faceted development plan for 2010, the details of which will be announced in the days and weeks ahead. The objectives of the plan will be the much more rapid development of the company's core technologies.
Stated CEO John Davenport, "During the last year, there have been many developments in various technologies, services and markets that are of great interest to SymPowerco. With the rebounding economy and the increasing interest in alternative energy and technologies, the company is planning to accelerate the development of its current technologies and to create new initiatives to expand our technology base and future commercial opportunities. Many initiatives are already underway and the company looks forward to presenting its plans to shareholders."
If the above statement by Sympowerco is true and they do not have anything holding them back from getting to production then their 3 year estimate of getting to production SHOULD BE DECREASED. This only makes sense.
What got me after I got off the phone with Davenport is what I mentioned earlier, plus the fact that first he told me that he wasn't issuing stock to pay the bills and then that he was issuing stock to pay the bills. That to me sounds kind of double minded, but it could just be a mistake on his part. This along with all of the distortion in what he appeared to report to Sho-Nuff at the end of 2009 and that being patient investors would be re-warded.
When a CEO of a company SAYS something, they should be REALLY SURE of themselves before they do. I know at the end of every company post, they have their jargon about forward looking statements, etc., but still that does not give them the right to twist their statements at every turn just to keep or get new investors.
Davenport intentionally misled people by saying if it all comes together which he hoped and was pretty sure it would (WAY BEFORE the end of 2009), he was trying to paint an colorful future for SYMW and make investors think that something really huge for SYMW was going down and that patient investors could easily see 10x on their investment.
The day or two after SYMW supposedly backed out of the deal with Hoss Motor Sports and HHHI, Davenport wanted everyone to think it was all his doing concerning backing out of the deal. He then quickly attempted to camouflage the backout of the deal with the following NDA agreement
SYMPOWERCO CORP (PINK:SYMW) Top Traded OTC Stock
In BUSINESS OF STEM CELLS on August 25, 2009 at 9:48 pm
SYMPOWERCO CORP (PINK:SYMW) is also moving higher 10% at $0.0012 on very unusual volume of 210 million shares . Yesterday, 24 August, SymPowerco Corporation (PINKSHEETS: SYMW) CEO John Davenport announced today that the company has entered discussions and has signed a Non-Disclosure Agreement with an alternative energy and power systems corporation for the purpose of determining the advisability of establishing a business relationship that may include an acquisition or joint venture. SymPowerco has also entered similar discussions with a second group that owns advanced power system technologies and intellectual properties that appear to offer market opportunities for SymPowerco.
via SYMPOWERCO CORP (PINK:SYMW) Is The Top Traded OTC Stock.
I STILL HAVE TO SAY THAT EVEN THOUGH I AM PERCEIVING MORE NEGATIVE NOW, THAT JD DOES, AND I REPEAT DOES GIVE PEOPLE THE TIME OF DAY. WHAT CEO WOULD SPEND AN HOUR ON THE PHONE WITH AN INVESTOR TELLING THEM WHAT THEY WERE DOING. THIS GIVES ME A LITTLE ROOM FOR HOPE THAT IF HE TAKES THAT KIND OF TIME WITH AN INVESTOR ON THE PHONE, WHAT HE IS SAYING MAY ACUTALLY COME TO BEING.
PENNY STOCKS ARE RISKY, AND INVESTORS OFTEN TRY TO PLAY THE BLAME GAME WHEN INVESTMENTS DON'T APPEAR TO BE GOING THEIR WAY.
BUT AS WE ALL KNOW, A PENNY AT .0001 COULD IN A COUPLE OF DAYS BE UP TO .01.
I PURCHASED 4 MILLION SHARES OF A STOCK NOT TOO LONG AT THE LOWEST POSSIBLE PRICE. I DID MY DUE DILIGENCE AND THOUGHT IT WAS THE THING TO DO. I STARTED LISTENING TO THE NAYSAYERS AND SOLD MY STOCK FOR A MODEST PROFIT (.0002). THEN THE LARGER NEWS HIT AND THE STOCK WENT UP TO .002 AND STILL HAS THE POTENTIAL TO GO UP FROM THERE.
THIS IS WHY I REFRAIN FROM GETTING DOWN ON A STOCK BASED ON PRICE ALONE. DAVENPORT DOES HAVE A GREAT IDEA AND HAS PURCHASED THE TECHNOLOGY (WITH OUR MONEY). SYMPOWERCO DOES NOT HAVE A HUGE AMOUNT OF DEBT SO THAT IS GOOD.
WHEN I PURCHASED THIS STOCK I FELT LED TO SET THE PRICE ON THIS AT .075 (NOT LOWER AND NOT HIGHER). I STILL FEEL A VOICE TELLING ME TO LEAVE IT AT THIS PRICE. BUT THE CIRCUMSTANCES HAVE LEAD ME TO have doubts about that voice. I AM ACTUALLY SCARED TO CHANGE THE PRICE TO ANYTHING OTHER THEN .075 AS I STRONGLY FEEL THIS IS THE PRICE.
I went against my intuition on several occasions in the last 10 stocks that I purchased. Everyone of them went through the roof (100 percent of them). There is probably some element of luck there, but 100 percent. This is why I am hesitant in making the same mistake all over again.
I am here to stay.
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.