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FACT: Fact: SAEI hasn't responded to it's shareholders as to what is happening
It is on SAEI's home page as to what they believe is happening.
Fact: SAEI was not involved with Onexim
Companies deny buyout offers all the time. You have no factual evidence, none, zero. You have just statement denying they are not involved with Supatcha Resourcers. Just a statement. Microsoft denied ever having interest in YHOO, then turned around and made an offer.
http://www.cnbc.com/id/25351005/Yahoo_Shares_Leap_but_Source_Denies_Buyout_Talks
But a source close to Microsoft told CNBC that there are no new negotiations between the software giant and the Internet portal.
if you think your points are valid and someone else has broken any rules or laws, You have the ability to voice them with the SEC in writing. They are accessible via web or phone for complaints.Just put in on the record.
At the onset of questions raised by message board posters Supatcha could have embarrassed EVERY negative message board poster and could also have caught those meany shorters off guard and driven SAEI's stock price to the moon by simply satisfying the SEC .
The SEC says there has been questions raised about the accuracy and adequacy of publicy dissemenated info.
It reads as the following.........
The Commission temporarily suspended trading in the securities of Supatcha because of questions that have been raised about the accuracy and adequacy of publicly disseminated information concerning, among other things, a geological report concerning the company’s mining prospects in Ukraine and a purported tender offer for the company’s outstanding shares.
QUESTIONS raised about the accuracy and adequacy of the info released by the company. That is why the SEC suspended SAEI.
That is what it says in the report.
The SEC says there has been questions raised about the accuracy and adequacy of publicy dissemenated info.
It reads as the following.........
The Commission temporarily suspended trading in the securities of Supatcha because of questions that have been raised about the accuracy and adequacy of publicly disseminated information concerning, among other things, a geological report concerning the company’s mining prospects in Ukraine and a purported tender offer for the company’s outstanding shares.
Nowhere in their report says they have any evidence or any evidence of any fraud committed. That is not what the report says.
Guess what, the SEC, S-E-C, suspended the company because they found evidence of something they feel is fraudulent, yet people continue to question everybody BUT the company.
I am not questioning "Greg".
I am telling you the fraud may have been committed against the company. The person they may have hired to do the testing claimed he was an expert and took on the Alias, "Graig Parham", not "Greg Parham".
Mr. Parham, the gentleman with Geomin International is not the one I am doubting about what he has supposedly done; contacting the SEC to clear his name. That much I believe.
However, what is in question is who actually committed the fraud in the Essay. Was it the company? If so, then they all need to go jail, the sooner the better.
Was it someone pretending to be an expert Geologist posting as a gentleman by the name "Graig Parham" for a company called,
"NEOSC, Geomin Ltd"? Very possible. If so, then the company will have to hire a new Geologist to do a new study.
I will accept a new study.
There is a very good possibility the supposed Geologist is the one that committed the fraud against the company.
They could have been contacted by someone from a third party claiming to be Graig/Greg. Without checking any further, the company hired the gentleman on the spot. It could have easily been the gentleman committing the fraud on the company. Very possible.
Someone of a friend of a friend scenario.
How do most folks get work these days if they are freelance? Word of mouth, usually through friends or acquaintances.
They could have easily met the Graig/Greg, guy claiming to be as such. He performed the test or hired out a third party crew to perform the test using their expertise. Very possible.
How does the company get around that issue?
Very easily, hire a new Geologist to file a new report. They hire a new Geologist and if they get the same results, I will be fine with it.
I really appreciate your concern. I will wait until I hear from the company.
We just might have someone in that office doing some moonlighting and using Greg's credentials without Greg knowing it. Very possible. Far fetched, yes, but you never know.
I used to sublease offices all the time from folks and use the same identical office, same Conference Room, even the same phone number, everything was identical. The only difference was the names. My name was nowhere to be found on the door or even the address, nor any letterhead. I did have a voice and my number was oner number off the main number too. In fact I had more than one location to choose from, just in case the other individual had a client on the same day I did.
The gentleman I subleased from was in the same business and we had our own clients. He specialized in a little different field than I did. Therefore, there was never any conflict. However, sometimes he would borrow some things from my inventory and add them to his to make he had all the necessary tools when he was attempting to schmooze a new client. I had to bite my tongue in those situations because he was giving me such a great deal to sublease from him. I saved myself well over $100,000 in expenses by subleasing from this gentleman.
Once, I hear from the company, then I will make a decision. I appreciate all you are doing.
We are not looking for Greg, we are lookin for Graig. Two different people. Also, we are not looking for Geomin International, we are looking for Geomin LTD., NEOSC Geomin, LTD. Two different companies.
For God's sake, the Geomin in question is located in Djakarta, not Ukraine.
Have you ever thought they have been advised to take this approach until after the suspension?
We could see a barrage of explanations and PRs and lawsuits after the PR. We could see evidence to back every thing they have done up to this point including the buy out.
There is a very good possibility they are waiting for when the stock does open back up to address these issues because they want to see those who sold shares that were not in their accounts too sell to try to find those shares in the open market.
We could continue to see nothing from the company.
Most folks are more confident they are guilty. I am not convinced yet.
The Geomin, Ltd, example, tells me nothing.
Have you done a search on the word "Geomin" in the Ukraine area? That phrase is as common as "Smith".
Plagarism, who has not committed it at some point in his/her life?
90% of the college grads have committed at one time or another.
I don't know of any particular misdeeds by the SEC, but that so many have such suspicions definitely councils involvement by the F.B.I., IC3 and any sympathetic and honorable elected officials that you can contact. If somebody at the SEC is doing someone, other than the public, a favor, he needs to be unmasked by his superiors and dealt with. They are not gods and suffer the same human weaknesses as anybody else.
OPINIONS VS. FACTS.
I have gone through well over 500 posts in the past couple of hours and less than 25 of them have facts. Most of them questionable facts.
To save many folks who are trying to find actual facts here versus opinions;
Please start your post with OPINION or FACT.
WE HAVE SOME FEDERAL AUTHORITIES WANTING TO INVESTIGATE THIS CASE AND WE COULD SAVE THEM ALL A LOT OF TIME BY SEPARATING THE FACTS FROM THE OPINIONS.
It is my belief we have more than just the SEC looking into this case.
Let us all see if we can assist them in their investigation, good, bad, or indifferent.
Thank you!
Please add article to tacky notes.
I believe this article has some relevancy to what is going on with Supatcha resources.
Also, those who have been communicating with the SEC, please forward the article to the SEC. Why? It is evidence that shows the company is actively doing business in Ukraine. Unless, this is another part of their grander scheme to continue to put up a fraud. I don't believe it is. Either, the SEC can use it against SAEI or on SAEI's behalf.
Thank you
http://www.microsofttranslator.com/BV.aspx?ref=IE8Activity&a=http%3A%2F%2Fwww.ua-reporter.com%2Fnovosti%2F99432
In early December the Dnipropetrovsk Oblast Council issued the concern «Pìvdenruda» special permission to exploration and development of the "Golden Gully", near the district center of Salty. But even after a week of its interest in another deposit-"yellow metal Beam Wide, on the outskirts of Nikopol, said the American company Supatcha Resources Inc., a well-known fact that spring has acquired the right to development" Barlevsk» and «Mužievsk "gold in Transcarpathia. The American company has reached an agreement with the licensee at the anonymous Ukrainian research and development of "broad Beams" acquisition up to 2 million. $ 50% stake in the project. Eventually, Americans are willing to pay extra 1.5 mln. dollars to bring its share up to 90%.
General Director of company «Pìvdenruda» Peter Švyd'ko told "Vìsti" that the practical stage of the project say it is too early, but his business plans to become a bidder to acquire licenses for exploration (prey) mineral deposits of gold Balka ".
…and your
Main owners are offshore company Supatcha .Resources Anthera West Capital Inc. (24.5%) and Massey Asset Management Ltd. (20.5%) and 8.2% shares owned by top management, including the Russian miners Nicholas Âgodke and Andrey Yasinsky. website Supatcha Mr. Âgodku characterize as close to the developers of the Mnogoveršinnoe (Khabarovsk Krai, RUSSIA), i.e. companies Highland Gold Mining, one of the founders of Roman Abramovich who feel.
Recall that in September became known to the participants of the project on development of gold of the Sergeevskiy ", also in the vicinity of Salt. First Oblast Council issued the "Stone company of Ukraine businessman Oleg Kryšina permission to study the ore field. But for those of their rights to "Sergeevskiy stated Canadian Secova Metals Corp. as in the case of the" Beam "foreign investor Widely expressed agreement with the owner of the deposit to buy 65% gold mining project for 5 million. dollars. And the further term to increase share of 90% is still over 10 million. dollars. Thus, already known to the applicants for all three deposits of gold, known in the region.
Any and all who want to hear what the company is thinking right now, due search on Supatcha resources.
You only lose when you sell....... Plain and simple that is how the market works.
If you sell the first day SAEI starts trading again, then you have BECOME the victim. Plain and simple.
The key to beating these folks at their own game is not to sell.
There are well ove 100 million sharEs in this stock that SOMEONE OR SOME GROUP HAS SOLD. THEY ARE NOT THE RIGHTFUL OWNERS OF THOSE SHARES. THEY WILL NEED AT SOME POINT COME BACK INTO THE MARKET AND BUY THOSE SHARES BACK..
They are working ten fold, seven days a week, attempting to convincing not only you, but themselves that SAEI is a scam.
If it is, then, I am the idiot.... You and who ever can post it.. I don't mind. I am big boy. It won't be the first time I was an idiot and it won't be the last time.
However, Longs, LongS, LONGS, LONGS, LONGS, LONGS!!!!
DO NOT, DO NOT SELL! AT ALL COSTS, ESPECIALLY UNTIL YOU HAVE 100% CONFIRMATION THAT THE $2.50 DEAL IS OFF.
It won't matter at all what exchange it trades on when we get confirmation on the $2.50 buyout.
Yeeeeehhhhhhhaaaaaaaa!!!!
Tom,
will justice really be served? If the owners of the company don't step forward and provide suffecient evidence to validate all their claims, get arrested, and the stock never trades again, then I deserve what I get.
I will personally come on this thread and admit I was not listening and had my blinders on.
It shows in yesterday's article these guys are actually doing business. How they address the investors and the SEC, business acumen is definitely in question.
Happy Holidays!
There is more than hope, there is evidence a company can comeback from being halted. Check out Rino. When it was halted on the NASDAQ, it was trading @ around $6.00. It sounded like some severe accusations too......
It is now trading on the Pinks. Yes, stock is currently down 50%, but still trading after two weeks of delay. I see it had a nice bounce too since it has come back and heading back us is what the charts are telling me.
I believe as long as we hold when the stock comes back, it will be trading higher than yesterday's closing price of .10. The key is to be patient once it comes back up and trading.
RINO International Corporation Common Stock To Be Delisted by NASDAQ Stock Market
DALIAN, China, Dec. 2, 2010 /PRNewswire-FirstCall/ — RINO International Corporation (the “Company”)(Nasdaq: RINO) announced today that it has received a letter from The NASDAQ Stock Market (”NASDAQ”) stating that based upon its review of the Company and pursuant to NASDAQ Listing Rules 5101, 5250(a)(1) and 5250(c)(1), the staff of NASDAQ believes that the continued listing of the Company’s securities on NASDAQ is no longer warranted (the “NASDAQ Letter”). NASDAQ stated that its staff’s determination was based upon the following:
1. The Company’s announcement that its previously filed financial reports for fiscal 2008, 2009 and year-to-date 2010 could no longer be relied upon;
2. The Company’s admission that it had not entered into certain previously disclosed contracts; and
3. The Company’s failure to respond to the NASDAQ staff’s request for additional information regarding allegations raised by the Muddy Waters, LLC report
I am a firm believe the offer on the table is for real @ $2.50/share and I am firm believer these issuses will be resolved.
It is the folks in the other camp that need to concerned about what price it opens up at. They will help us drive the price up really, really high. That why I believe Longs, should remain patient even after the sotck reopens on aonther exchange no matter what the exchange may be.
I am going to sleep well tonight and over the next couple of weeks.
Happy Holidays!
Renee, that is not what I am debating.
I agree with all of it. I agree if the SEC are not getting the answer they want via a telephone, then, they need to halt the stock.
I am all in favor of it. Most likely this is what did happen. I am not debating it.
Yes, I am as concerned as the next person on some of the issues.
What I am questioning on this thread is why can we not publicly debate the short interest in this stock. I believe it has a major relevance in today's share price. That is on topic and is rellevant.
Also, all the bashing, I hope you are not in the same camp, trying to tell me all those folks weree here to save me.
It is called freedom of speech and freedom of press.
Nowhere in my opinons of personal attack.
If you are going to truly have a forum that is suppose to be of equal views and opinions, then you need to allow the short interest open for debate.
Also, the long interest here.
Hold your shares longs, don't let them go at all costs when the stock opens back up, because it will on another exchange and eventually the MMs will get involved. We could see a $1.00. Hold tight. All just my opinon.
Longs, we have tons of evidence the company is not a scam. I feel for all those who posted on this thread acussing them of a scam.
Yesterday's article is more vindication for the company.
This article verifies, they are in fact and doing business as a mining company.
Longs, it is just my opinion, Hold, hold ,hold onto your shares at all cost when the company resumes trading on another exchange. We still have a $2.50/share offer. That is what I am holding for.
Happy Holidaays
http://www.ua-reporter.com/novosti/99432
In early December the Dnipropetrovsk Oblast Council issued the concern «Pìvdenruda» special permission to exploration and development of the "Golden Gully", near the district center of Salty. But even after a week of its interest in another deposit-"yellow metal Beam Wide, on the outskirts of Nikopol, said the American company Supatcha Resources Inc., a well-known fact that spring has acquired the right to development" Barlevsk» and «Mužievsk "gold in Transcarpathia. The American company has reached an agreement with the licensee at the anonymous Ukrainian research and development of "broad Beams" acquisition up to 2 million. $ 50% stake in the project. Eventually, Americans are willing to pay extra 1.5 mln. dollars to bring its share up to 90%.
General Director of company «Pìvdenruda» Peter Švyd'ko told "Vìsti" that the practical stage of the project say it is too early, but his business plans to become a bidder to acquire licenses for exploration (prey) mineral deposits of gold Balka ".
…and your
Main owners are offshore company Supatcha .Resources Anthera West Capital Inc. (24.5%) and Massey Asset Management Ltd. (20.5%) and 8.2% shares owned by top management, including the Russian miners Nicholas Âgodke and Andrey Yasinsky. website Supatcha Mr. Âgodku characterize as close to the developers of the Mnogoveršinnoe (Khabarovsk Krai, RUSSIA), i.e. companies Highland Gold Mining, one of the founders of Roman Abramovich who feel.
Recall that in September became known to the participants of the project on development of gold of the Sergeevskiy ", also in the vicinity of Salt. First Oblast Council issued the "Stone company of Ukraine businessman Oleg Kryšina permission to study the ore field. But for those of their rights to "Sergeevskiy stated Canadian Secova Metals Corp. as in the case of the" Beam "foreign investor Widely expressed agreement with the owner of the deposit to buy 65% gold mining project for 5 million. dollars. And the further term to increase share of 90% is still over 10 million. dollars. Thus, already known to the applicants for all three deposits of gold, known in the region.
Jaroslav Dmytrenko
Not when there is an offer @ $2.50/shares. Worse case scenario it will trade on another exchange and due to the fact there is nearly 50 million shares or more short in it, when it reopens on another exchange, we could see it reopening @ above $1.00.
It will reopen, no matter if it reopens on another exchange.
Longs, be patient and be extremely patient the day it opens.
Do not, do not let your shares go at all costs. JMO
Someone, someone was seriously accumulating this stock and I am sure this someone will be right there defending the company.
I am quite confident about my position......
Happy Holidays!!!!!
We will see come the 1st of the year. Until then, I am not convinced.
There is too much evidence the company actually does exist and is in the mining business.
They refute all of it, which I believed they will do, then we open up on the OTC well above the current price.
Worse case scenario, they trade on another exchange. No biggie, I own plenty of pinks.
I will not concede a thing until we hear what the SEC determines.
It means nothing.... They have enough evidence to prove they are legit. The ones I feel sorry for are the shorts. They are the ones that will be sweating over the next 10 days. It may take less time to reopen.
The article shows for a fact the company is not a scam.
It will all come to light. Even if they do open up on another exchange, the $2.50 offe is still on the table.
I would love for them to release the news on that while it is halted.........hehehehehehehe
I am not worried.......
Now we have hard facts the company exist and is currently doing busines in Ukraine. Gold is on tear right now. Whomever this may be that wants SAEI @ $2.50 will want to close on the deal ASAP.
Time is of essence hear for the buyer.
This article confirms the company is for real. It is not a scam!
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=57869260
In early December the Dnipropetrovsk Oblast Council issued the concern «Pìvdenruda» special permission to exploration and development of the "Golden Gully", near the district center of Salty. But even after a week of its interest in another deposit-"yellow metal Beam Wide, on the outskirts of Nikopol, said the American company Supatcha Resources Inc., a well-known fact that spring has acquired the right to development" Barlevsk» and «Mužievsk "gold in Transcarpathia. The American company has reached an agreement with the licensee at the anonymous Ukrainian research and development of "broad Beams" acquisition up to 2 million. $ 50% stake in the project. Eventually, Americans are willing to pay extra 1.5 mln. dollars to bring its share up to 90%.
General Director of company «Pìvdenruda» Peter Švyd'ko told "Vìsti" that the practical stage of the project say it is too early, but his business plans to become a bidder to acquire licenses for exploration (prey) mineral deposits of gold Balka ".
…and your
Main owners are offshore company Supatcha .Resources Anthera West Capital Inc. (24.5%) and Massey Asset Management Ltd. (20.5%) and 8.2% shares owned by top management, including the Russian miners Nicholas Âgodke and Andrey Yasinsky. website Supatcha Mr. Âgodku characterize as close to the developers of the Mnogoveršinnoe (Khabarovsk Krai, RUSSIA), i.e. companies Highland Gold Mining, one of the founders of Roman Abramovich who feel.
Recall that in September became known to the participants of the project on development of gold of the Sergeevskiy ", also in the vicinity of Salt. First Oblast Council issued the "Stone company of Ukraine businessman Oleg Kryšina permission to study the ore field. But for those of their rights to "Sergeevskiy stated Canadian Secova Metals Corp. as in the case of the" Beam "foreign investor Widely expressed agreement with the owner of the deposit to buy 65% gold mining project for 5 million. dollars. And the further term to increase share of 90% is still over 10 million. dollars. Thus, already known to the applicants for all three deposits of gold, known in the region.
Jaroslav Dmytrenko
http://www.ua-reporter.com/novosti/99432
Don't go for any head fakes today.
Also, more importantly, it is irrelevant if the stock gets halted or even removed from the OTC; we still have a bid out there for $2.50.
I trade pinkies all day long that have no info and are doing business on a daily basis.
Getting halted, if they do, doesn't stop them from their day to day business. As will see in the article, they are agressively pursuing deals in Ukraine.
Look for me to post some more positve DD before the day is out.
I wasn't thinking of myself, I was thinking of folks just like you when I mention the SEC. I am in the same boat as you are in reference to all of it. They address all of these concerns, publicly, then we would appease the masses.
Personally, I am not as anal as most of the folks on this thread that are skeptic, grasping at straws, really never ever coming up with any solid evidence. Yes, evidence. It has all been coincidence at best. Yes, some too coincidental. We are not the judges or the jury. We have yet to hear the company's side of the story and in a public forum many have blatantly called the company a scam.
As you well know, many companies can be real asses about discussing anything, especially when you put their back against the wall. In reality, as I said in my post, they don't have to answer to you and I. We are irrelevant in the big scheme of things. It is the SEC, if they (SEC) feel it neccessary, they will be the ones they will have to answer to.
How ever you attempt to slice it, the evidence stares you right there in the face, the company is not a scam. I give them my blessing to go after all the naysayers who bashed and bashed away over the past few days.......They have tons of evidence to hang a few people on this thread out to dry.......JMO. :)
Many years ago, I owned AMZN before they started making money. It irked me ten fold that Jeff Bezos was cashing in these huge monthly checks and as a shareholder, I despised the bastard. I thought he was robbing the company blindly. However, one day, I heard him say in a interview, "I am not concerned about share price, I am not concerned about the shareholder, I am concerned about building a company". That day, that man sold me.
What we have hear is folks trying to build a company and they too don't have time for all the whiners and doubters. I don't blame them either. They are busy building a company.
We have solid evidence of it today!
GO SAEI!
Yes, it was mentioned numerous times that they were over in Ukraine drilling today. However, many folks had a hard time fathoming it to be even remotely possible.
There is no denying it anymore that the company is for real and does actually exist.
Now, once we see the $2.50 buyout, we are off to the races.....
There is obviously the test that is still in question and many want to get to the bottom of it. In all honesty, unfortunately, they don't to have to answer any shareholder or skeptic, except the SEC. If the SEC investigates them and comes to the conclusion that everything is on the up and up, then we will be off to the races.
It could be months before the SEC even opens a file on them and a few more months before they address it. Even then, we will never know what what was discussed. All we we know is it will be resolved.
Just my opinion and my opinion only.
NO need to waste your oxygen on me naysayers. We all know what your thinking.
:)
It shows it is the real deal and they are actually doing mining, unlike what others think. It also a true indication there is some news for us and it involves a buyout of $2.50/per share.
Tons of DD in this article to follow up on to see who all these other players are. They may be our future owners....JMO
There has been some serious accumulation going on in this stock over the past three days since we have been down at this level. I am real curious how many more shares does or will the party that is going to buy SAEI will be able to pick up shares at depressed prices.
I will be adding more tomorrow at the open and on any weakness.
Congrats to all the longs that have held strong!
BINGO!!!!!!!!!!!
Thank you! A breath of fresh around here!
I am holding mine even tighther now!
Loading up more on the dip, if there is one tomorrow!
http://www.ua-reporter.com/novosti/99432
In early December the Dnipropetrovsk Oblast Council issued the concern «Pìvdenruda» special permission to exploration and development of the "Golden Gully", near the district center of Salty. But even after a week of its interest in another deposit-"yellow metal Beam Wide, on the outskirts of Nikopol, said the American company Supatcha Resources Inc., a well-known fact that spring has acquired the right to development" Barlevsk» and «Mužievsk "gold in Transcarpathia. The American company has reached an agreement with the licensee at the anonymous Ukrainian research and development of "broad Beams" acquisition up to 2 million. $ 50% stake in the project. Eventually, Americans are willing to pay extra 1.5 mln. dollars to bring its share up to 90%.
General Director of company «Pìvdenruda» Peter Švyd'ko told "Vìsti" that the practical stage of the project say it is too early, but his business plans to become a bidder to acquire licenses for exploration (prey) mineral deposits of gold Balka ".
…and your
Main owners are offshore company Supatcha .Resources Anthera West Capital Inc. (24.5%) and Massey Asset Management Ltd. (20.5%) and 8.2% shares owned by top management, including the Russian miners Nicholas Âgodke and Andrey Yasinsky. website Supatcha Mr. Âgodku characterize as close to the developers of the Mnogoveršinnoe (Khabarovsk Krai, RUSSIA), i.e. companies Highland Gold Mining, one of the founders of Roman Abramovich who feel.
Recall that in September became known to the participants of the project on development of gold of the Sergeevskiy ", also in the vicinity of Salt. First Oblast Council issued the "Stone company of Ukraine businessman Oleg Kryšina permission to study the ore field. But for those of their rights to "Sergeevskiy stated Canadian Secova Metals Corp. as in the case of the" Beam "foreign investor Widely expressed agreement with the owner of the deposit to buy 65% gold mining project for 5 million. dollars. And the further term to increase share of 90% is still over 10 million. dollars. Thus, already known to the applicants for all three deposits of gold, known in the region.
Jaroslav Dmytrenko
I put a call into the powers to be here. I did leave a message. I will touch base with them again in the morning. I will be in and out over the holidays. If I heare anything, I will report back to you.
Happy Holidays.
All Longs, it is my opinion and my opinion only, but I believe there is money to be made at much higher level in the very near future.
That said, I would stay off the ask for today.
This has all the signals to me that we are going much higher in the near future.......Just my opinion and my opinion only.
GLTA!
Who do you think that is selling on the bid?
Company dumping?
Shorts selling to one another in attempt to make it look weak?
Shorts in collusion with the company or the individual that is going to do the buyout?
No need to answer. I know your answer already.
I am staying put and will add on any weakness until I hear from the company.
GLTA! Long or short.
Prokhorov, the way it sounds to me , he is in overdrive mode right now attempting to get his hands on everything when it comes to gold. The man is wealthy enough, @ 2.50/ share, this is chump change for him. He is doing all this at a feverish pace.
Mind you, he is picking up all these shares down here at discouunt to the market. It will only take a few more days for him to accumulate enough shares. All of this is just my opinion.
If it is not him, it is someone else doing the accumulation. That is my belief. Once they have accumulated enought shares, the company will then come out with the update confirming the buyout.
Just one more reason to hold this stock until we see official confirmation by the company.
As hot as the gold market is right now, whomever is going to to do the buyout, I beleive it won't take long to close on the deal. I beleive they will want to get their hands on the product ASAP.
All of this is just my opinion and my opinion only.
Let us hope he doesn't have too many shares left. I am hoping to make some contact with the rightful owners of the shell today to see what their plans are for it. Wish me luck. :)
Gold continues to be the metal of choice and continues to gain strength in the overall market. More and more folks are looking for it to be a safe haven.
With a $2.50 buyout offer on the table for SAEI, others are also believing gold is the avenue to go. We could have the beginnings of another dot com bubble beginning in the Gold arena? Many folks have been speculating on gold stocks recently. Just like they are here with SAEI. All, just my opinion.
“The trend is up,” Wallace Ng, executive director at ABN Amro Bank NV in Hong Kong, said by phone today. “Safe haven, that’s one reason, and possible inflationary pressure. Macro- economic factors which favored gold still haven’t changed. Precious metals will test low sides, but that doesn’t mean that we are bearish.”
Even more reason to believe Michael Prokhorov is in some way interested in acquiring SAEI indirectly through JSC Romanov Group. It says in those articles he is going to be taking a 100% stake in the Romanov group. Nowhere in those articles does it say those are PRs from SAEI
Check this out, directly from his website under news. Just happened to be dated Dec. 8, 2010.
“We’ll need to be in the world’s top three,” he said in a Bloomberg Television interview yesterday in Moscow. Polyus will “make a merger with one of the leading gold companies in the world” after it completes plans to gain a primary listing in London, he said, declining to name acquisition candidates.
“We don’t need acquisition cash,” he said. “As soon as we have a London listing, we can merge with any international company because it’s the same as money.”
Polyus spent almost a decade amassing the world’s fifth- largest gold reserves. Prokhorov, who controls the Moscow-based company with fellow billionaire Suleiman Kerimov, plans to keep a minority stake. Prokhorov and Kerimov each own 37 percent, according to Polyus.
It is nothing uncommon for an individual or a company to deny they are making an offer for another company.
Microsoft denied they were ever going to make an offer of Yahoo.
Microsoft denies it wants to buy Yahoo!Nov 20, 2008 ... Yahoo! rejected Microsoft's $47.5bn (£32bn) bid earlier this year and later rebuffed an offer for the search engine alone. ...
http://www.google.com/search?q=microsoft+denies+making+an+offer+of+yahoo&hl=en&rls=com.microsoft:en-us:IE-SearchBox&prmd=iv&ei=plkJTeHxCoH7lwf6lqDZAQ&start=10&sa=N
It is my belief, the offer from Mr. Michael Prokhorov is/was the real deal. Then, he decided to buy the company through the Romanov Group. From those other articles, that is what it sounds like to me. Why would he pay more and go through another party? I don't know, however, it is in my opinion he is buying this deal with a group of other investors and he just didn't want just his name attached to it. He may have created the entity, JSC Romanov himself. Why? To try to buy this company without attracting too much attention. Unfortunately, the company put out a PR before he gave it much thought. This is all just my opinion. However if I read those articles, or translate them correctly, he taking 100% stake in the Romanov Group.
I/We hope we will get more clarification on the company making the offer, however, it will all be up to the company that is making the offer on how much they want us to all know about them, since we have not been able to search much on them. That is not to say this other company doesn't exist. They may have been created by these group of investors for the soul purpose of acquiring SAEI and it is still my belief, Mr. Michael has part in all of it. Just my opinion.
How ever you want to analyze it and put your spin on it; there is an offer on the table for $2.50/share. That is a given and there is no denying it.
Thanks for the great DD!
It is great to hear that they are going to tell us that the offer is still on the table and hopefully they will tell us more about the offer and who these folks are.
Secondly, they are also going to include the paperwork/results. I am assuming that is on the test that is in question.
Once again. I appreciate your efforts.
Two things, I know all the longs and shorts want to hear. I will continue to hold no matter how the news is received in the interim.
I will hold for that buyout @ $2.50 which they have reiteated via your conversation and is going to confirm with us.
Until tomorrow!
GLTA!