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.
Interesting that the instruments are made in Germany.
Great find. Thanks for posting it.
Aqua, Solos is headquartered in Boston not New Jersey. Maybe all the news from Jersey had you confused for a moment. Best of luck.
Solos Endoscopy, Inc.
Boston/Dedham Commerce Park
65 Sprague Street
Boston, MA 02136
Are you sure SUTI is still working on this ac unit? Others have said they are no longer involved with it. It is not highlighted on their website. Sure does sound interesting though.
On the other hand, what if Crucible comes through with major funding for the water unit? Isn't that the possibility that had everyone all worked up last weekend?
Fingers you were so optimistic yesterday!
Only $210 traded today -- do you really think that is debters trying to make such a small ammount of money?
SANTA ANA, CA, Dec 04, 2013 (Marketwired via COMTEX) -- SUTIMCo International,
Inc. (OTC Pink: SUTI) a multi-project business accelerator company, is pleased
to provide third quarter financial and operating results and an update regarding
business operations.
For the quarter ended September 2013, SUTIMCo lowered its total liabilities by
$7.4 million, or 71% to $3.1 million as compared to the fiscal year ended
December 2012. Management lowered accounts payables, accrued expenses, loans to
related parties, and convertible notes representing both long and short terms
loans by negotiating with most debt holders.
Mr. Fred Rogers, SUTIMCo CEO, stated, "As we prepare to bring to market a
business unit we believe strengthening the balance sheet is an important factor
and a necessity to better position the company. We worked with our debt holders
to negotiate terms that benefited all parties involved. We are even more pleased
that most of the debt was converted to common stock and the debt holders are
committed to working with us to ensure the growth of SUTIMCo."
SUTIMCo has engaged Crucible Capital, a New York based investment banking firm.
Crucible Capital Group, Inc. is a registered Broker-Dealer with FINRA and a
member of SIPC. The company has been a presence, globally, in transactions up to
$50 Million. Crucible's principal and founder, Chuck Moore, has 28 years of
financing experience.
Crucible will be arranging for SUTIMCO a capital raise for the launch of its
water business unit.
SUTIMCO's Water Technology Unit intends to be a leader in providing safe and
healthy drinking water. The world is 75 percent water, and only 2.5 percent is
fresh water two-thirds of which is locked up in icecaps and glaciers. In the end
less than 0.75 percent of the Earth's total water supply is available for use.
The worldwide demand for freshwater is increasing by 64 billion cubic meters
each year (1 cubic meter equals 1,000 liters). Currently more than one billion
people around the world use unsafe, contaminated water. Twenty five thousand
people die every day from disease associated with lack of access to safe
drinking water, inadequate sanitation and poor hygiene and 80% of disease in the
developing world is caused by contaminated water.
The solution to this impending disaster is technologies which effectively and
economically, filter, desalinate and purify water for both the developed world
where costs are becoming an issue and the developing world where access to fresh
clean drinking water is a pre requisite for any other form of economic
development.
"I have had the pleasure of presenting our business units to a number of
institutional investors over the last 2-months and feel confident that Chuck and
his team at Crucible can assist me in moving forward," commented Mr. Rogers.
"The technology in these business units has been developed by leading
Universities and medical professionals, all of which promotes better overall
health while addressing the constant need for cost effective programs through
proactive programs."
About SUTIMCo International, Inc.
SUTIMCo International, Inc. is a holding company, which utilizes a unique and
established platform to launch new technology enterprises based on world-class
university research discoveries. SUTIMCo International through its wholly owned
subsidiary SUTIMCo, Inc. provides experienced management to early stage
companies, reducing risk and assuring the know-how in launching and growing a
new company. In addition to this skilled management team, SUTIMCo can avail
itself of the encyclopedic, informal knowledge of the inventor, his experience
and his research team.
SUTIMCo's robust portfolio of relationships with prestigious American
universities is unique and strategic. North American universities invest over
$42 billion in science and technology research, with about 15,000 new
technologies disclosed annually. SUTIMCo's portfolio of technology and
innovation start-ups, in partnership with more than two-dozen of the nation's
premier research universities, includes technologies and products in the
pre-funding stage and projects in the development process. Each of these
business entities is being advanced by the SUTIMCo management team and
methodology.
Safe Harbor
Statements regarding financial matters in this press release other than
historical facts are "forward-looking statements" within the meaning of section
27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of
1934, and as that term is defined in the Private Securities Litigation Reform
Act of 1995. The Company intends that such statements about the Company's future
expectations, including future revenues and earnings, technology efficacy and
all other forward-looking statements be subject to the safe harbors created
thereby. The Company is a development stage company who continues to be
dependent upon outside capital to sustain its existence. Since these statements
(future operational results and sales) involve risks and uncertainties and are
subject to change at any time, the Company's actual results may differ
materially from expected results.
Investor Relations
Andrew Barwicki
516-662-9461
andrew@barwicki.com
SOURCE: SUTIMCo International, Inc.
(C) 2013 Marketwire L.P. All rights reserved.
-0-
SUBJECT CODE: Manufacturing and Production:Machinery and Tools
Environment:Natural Resource Management
Loads of Tweets about SUTI in last few days. Check out $SUTI on Twitter. Not sure what that means though.
The note Cactus dog posted expressed that he was expecting news.
Dog,
What news are you expecting and when are you expecting it? Thanks.
Hello. What is your target for SUTI? Thanks.
Because the share price moves!
It was at .0002 April 30, 2013.
Hit .0008 May 14, 2013
Hit .001 June 12, 2013.
Hit .0004 July 5, 2013.
Hit .0008 Aug 13, 2013
Clearly SUTI moves!
This sucks!
I'm not quite sure what you mean by this, but clearly I am with you. Let's go SUTI! I'm hoping for news before Christmas!
I doubt a rs is coming soon. What makes you so sure? I think lambchops probably has the right idea – but you never know, do you?
Happy Veteran's Day!
I think it is very probable, as I doubt anyone wants to sell at .0001.
That seems like a harsh assessment. The company has not sent out a press release in quite some time. What are they lying about? I think they are trying to get something going and hope they can deliver.
When this was at .0001 earlier this year it rebounded nicely. Why not again?
Well, at least some trading is going on. We need some news; or even a rumor of news.
no one is selling either.
Nice to see .0002! Let's hope a trend upward is starting.
I want it to go up. I'll throw up if it goes to no-bid.
Good news would move it to that level, but what about great news?
Well if not the SEC and FBI at least we know the NSA and our president are watching and listening.
Thanks!
Another 100 share trade goes through. What is the deal?
I must not understand how bad this cross trade is; what is the deal with this sort of trade? It is less than $2K, if it went through at .0001, so what am I missing?
Thanks for the note. I am with you on this. Go SUTI.
If this were a scam wouldn't they put out optimistic press releases every once in a while? Don't get me wrong -- we need an update but I don't want to call this one "dead" just yet.
Thanks. I didn't think so. I bet it goes up from here!
Anyone know if SUTI ever gone to no-bid in the past?
Clearly there is very little selling and the ask of only 70 mill for .0003 would seem to suggest most won't sell until it goes higher. But what we need is news from the company. Their April PR is what got me interested and either something happens soon or 2013 is a complete bust.
"2012 allowed us to lay the foundation necessary to have the technical base to interest serious investors, 2013 will be about closing the sale" said SUTIMCO CEO Fred Rogers. "We want to thank our investors for their support and patience during this year while we positioned ourselves to monetize the technology world we are a key player in"
http://finance.yahoo.com/news/sutimco-international-inc-provides-corporate-192000261.html
On the bright side, practically no one is willing to sell at .0002. I guess most everyone thinks a brighter future is in the works.
Let's hope the Tigers can win too!
So do I! Have a great day.
How is less than $3K in trades massive dilution?
Sorry for your loss on SUTI. My hope is that .0002 is a very good buy, but I guess you do not think it is. All the best to you.
Management has to do something soon. If they don't the stock price will fall to no bid, and that does neither the company or share holders any good at all. My guess is an update is coming soon.