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lol Jay u still stuck with this pos......lesson for u...never put all ur money in one investment...
lol MM controlling a stock thats traded only 2 thousand dollars today lol......wake up guys its better to take losses and move on....i looked at SARO after 3 months and nothing has changed except volume going down even with PR'S....i think a reverse split is comming any time now
its going down.......cant run today
its going down.......cant run today
by the last hour everything was calm.....i think we will trade between 0.10-0.13 by the end of the week...hopefully things will get going soon...bottom is finally in
alright guys bottom is in ....now we will go upp....
ohh boy........here goes the dump again today.....hold tight
yesterday everything was quite...i think we will seee a big dump today again
again shares are sold at 0.0004...not a good thing
in secs it went to 0.0003....alot of dilution going on.....i am going to start unloading my shares.....we will bounce between 0.0003-0.0004 for the next week....who knows after that maybe it will go down or up...to much risk for me now...
nice bounce......hopefully scared ones are out now
bottom is in guys....patience is the key guys.....we will move up shortly
i dont think it will go to 0.001..but it will stay between 0.0006-0.0008 until we get any news....after that we will test the highs from the last runup....
it isnt dead by any means.....it has a rock solid support at 0.0005 and it wont break...... only way left for this stock is to go up....and it moves easily from 0.0005-0.0007 which is a great sign....companies that do alot of dilution do reverse splits every six months....OPGX never had a reverse split....that is the only reason why i invested in this stock....after doing the dd i think it is a great penny company to invest in....patience is the key
the whole day ask and bid was between 0.0005-0.0006...how did we get shares at 0.0004.....its not the first time....can someone explain that to me
if u look at L2 we have around 11 MM'S. at 0.0005...so if someone sells it will be taken in seconds
well i got 10 mil of opgx at 0.0008.....its not hard holding millions of shares lol
no looks like someone got tired of waiting and sold it....cuz today we had no action...people just dont have patience
bottom is in guys.....we have very strong support.....its time to get going....we have a very thin 0.0006 and 0.0007
looks like big dumping again.......0.0004 comming sooner than i thought
todays dollar volume for SARO was around 2 thousand dollars...its a shame to hold a stock like this..we had a huge news last week regarding the project.......no one wants to buy this stock at all......never before i felt so stuck
i just put a buy order at 0.03......i hope it will get filled
i am done adding shares to my position.....i just hope we arent at 0.0003-0.0004 when we get the reverse split....we have way to many flippers in SARO....it will be very hard to go up
if we dont get the merger news next week i think alot of investors will start bailing out......lets hope we dont hit 0.0004 mark next week....we need a decent share price to go into a reverse split.....just to protect our holdings
gr8 news...the only thing that worries me is the reverse split...we are shareholders of old SARS....with the huge amount of debt comming on financial statements..and with reverse split i think it will be very hard.....look at the vol today 6 mil......its less than my holding in SARS
my only concern is the reverse split...i know eventually they will merge....2009 was the worst yr for most companies....SARO has been doing bad since 2007...how much debt do they have by now...will the reverse split be 1/1000...but penny stocks go down after r/s....with that amount of debt how will SARO gain the confidence of investors...they said that name change will take only a month....now its end of yr why? i think dilution has started with these useless pr's this week....thats why price has gone down....
u can report whutever u want too in unaudited statements......
i want to welcome all new bagholders to SARO......lets hope for the best...key word was unaudited...people aint stupid to get into this penny crap....we just have to hope that they would do real audit and meet sec guidelines...which is very hard for penny stocks
true....but dont forget all ur shares belong to old SARS....look at spnge how they treated thier shareholders
its unaudited doesnt matter anything to me.....
listen up guys!!!!!!!!!this is a penny stock and we all know why it is this way......for some reason i dont trust SARS anymore...they said they will change the name in 30 days....that didnt happened...meaning something is up and we dont have any investors in SARS anymore....just day traders
no support at all right now..i hope we just dont see 0.0004 today....it that happens it will be very hard to get back up
only one bid at 0.0006 not looking good at all so far.....why wait until friday...we are here long term
ohh boy.....a gr8 pr and we end up where we started this morning.....i think we have way to many day traders in SARO...only cuz everyone is scared of the split otherwsie i think we would have had a very stong ending today....ahhhhhhhh
yea i hope soo too
merger news is still to come.......they are doing the audit right now...i just hope they get the financing...if they dont we are going to .0001 easily...cuz thats whut we longs are waiting for
problem is that SARO isnt a stock with alot of vol.....i bet tommorow vol will be 20 mil for the whole day....plus we get a pr in a month or so....so for the price to go down like this is just painful
for new investors...or i should say day traders
MARK SWANK RESPONSE
Mon 9/14/2009 1:09 PM
From: Mark Swank [mswank@sei-holdings.com]
To: XXXXX
Mr. XXXXX, I am sorry for the delay in all your questions. I wanted to answer all of them for you.
1) What approximate time frame did Mayer, Hoffman, McCann, P.C. give to Swank Enterprises in regards to when the analysis of the businesses of Swank Enterprises be completed?
Mayer Hoffman did not provide a set time frame, since they were not familiar with the books and records of the various entities, which they were engaged to consolidate and analyze. We expect them to complete the analysis by September 30, 2009, but the time frame depends on their ability to do a thorough analysis and complete the quality of earnings report.
2) What approximate time frame did Tatum, LLC give to Swank enterprises in regards to the completion of the financial audits of the businesses of Swank Enterprises?
To clarify, Tatum is preparing the financial statements for an audit, which will then be conducted by SARS’ independent auditor. Tatum is essentially working in tandem with Mayer Hoffman, so we expect them to complete the books and records roughly within the same time frame.
3)When the analysis and the audits are completed, will Swank Enterprises seek to up list the company to a higher exchange or does the company have any plans or have they considered?
SARS intends to list the combined entities on a higher exchange. The rules of both the Over-the-Counter Bulletin Board and the major exchanges require at minimum one year of timely filing prior to the date of the application. “Timely” is defined as having filed all periodic filings on time during that period. Therefore, SARS won’t have an opportunity to move up until (i) SARS becomes current in its filings and (ii) remains “timely” for a period of 12 consecutive months.
4)Does the company have plans for a Reverse Split of the company stock or any other plans to reduce the number of shares in the company?
Note that the current agreement, in which SARS acquired the Swank related companies, contemplates a reverse split, subsequent to financing. That agreement was filed with a Form 8-K on EDGAR on June 3, 2009, with an amendment filed on July 9, 2009, and estimates a post reverse-split capitalization of approximately 50 million shares. We’re aware that a reverse split may have a negative effect on the price per share, but the Company needs to weigh that against its long term, strategic growth. SARS will provide the required public notice as to any recapitalization, probably in a Schedule 14C or 14A, and perhaps in a general press release.
5)Does the company have an in house person that is experienced in Investor Relations? (This was asked because several investor’s and potential investors have tried to call the number and send emails to the IR person listed on the Fastech Services, LLC website and none have received responses causing some to think the company does not care about its shareholders).
Management will, from time to time, make itself available to answer investor related questions, but will refer most questions to its external IR consultant, in order to focus most of its efforts on building out the technical side of the remote monitoring and control systems as well as on the consolidation the company and expansion of its customer base. We don’t expect to hire a full time internal IR person in the foreseeable future unless the resources allow and the need arises.
6)Is it possible from the company to release unaudited financials when the wait for the completed ones from Tatum, LLC?
SARS is working to update and post unaudited financials for 2008 and the subsequent quarters. It intends to filed audited, consolidated financials of the combined SARS-Swank entities, consistent with the reporting requirements of public companies, upon the closing of its financing.
7)Does the company have a new or updated IR person contact phone number where someone can be reached?
Joe Malone
786-375-0556
sars@equitydigest.com
dude i have been here before any of u guys......i was here when there was no merger....just the old SARS.....so dont tell me anything i know how to take heat....i had many chances to sell.....but i am still here
i just dont get why the price went down after a gr8 news like this....plus the vol has dried up....i think people dont want to be involve with the reverse split....i guess now i have to think about my exit......this has been worst then the last week