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.
OWVI
Today September 19 is talk like a pirate day.
Google talk like a pirate it's pretty interesting
NOTE 10 – SUBSEQUENT EVENTS
Since June 30, 2012, the Company recorded the following transactions:
A. No Sales
B. No Revenue
C. No Interest in this company
D. No Eco Poles
E. No Sun Poles
F. No Beamers
G. No Offices
H. No Warehouse
I. No American made
J. No 500 Employees
K. No Politicians visiting
L. No Eco Depot
M. No Employees
N. No P2 stuff
O. No Toilet paper in the restrooms
Issued 2,202,750 shares of common stock pursuant to the conversion of $35,611 in short term loans
-
Issued 5,000,000 shares of preferred stock pursuant to the conversion of $50,000 in short term loans from a related party.
-
Received proceeds amounting to $48,500 related to the issuance of short term loans.
The opportunity is huge; we are aggressively working our plan and we will succeed.
Only has 9,993 to go. Go SAVW !!!!!! Please go somewhere
.Here is Part 2
We, like any other business, had a few disappointments and we are dealing with them. Our relationship with Humanim was terminated as our vision and their boards vision parted ways. DTC which clears stock for all brokerage houses decided not to clear our stock electronically, creating hardship for shareholders to buy and sell our shares, but on a good note, it also limits the shorting of the stock. We are trying to rectify this matter but it is out of our control and is affecting all small micro cap stocks. Our quarterly filings in 2011 were late and we have taken actions to make sure that all our required SEC filing are made on time.
For 2012 we have many resolutions and goals, but to name the top 3:
Share Valuation - we would like to see a major increase in valuation. Our industry values companies at a minimum of 4 times revenues. Our minimum sales goal for 2012 is $10 million. We have planted the seeds and in 2012 we should start to see the results of our efforts.
Higher Exchange - we would like to move to Amex or Small Cap Nasdaq -- we are currently evaluating their requirements and creating a plan that will enable to achieve this goal.
Cash Flow Positive - we believe that by mid-year we will be cash flow positive. Our projection, cash requirements, sales objectives are being monitored daily in order to achieve these goals.
In regards to funding and dilution, a touchy subject, which I receive many emails and calls daily, I would like to point out and remind all shareholders that SavWatt is a Development Stage company. We have accomplished a lot in 2011 but still are pre-substantial revenues; we are still not cash flow positive. We are raising funds through short term convertible loans; these loans when converted do dilute the stock. This method of financing is necessary to grow our business; we are not bankable and do not have a major company big brother. In fact all the shareholders should consider themselves venture capitalists. The alternative and easier solution to this is to accept a $10 million funding from a venture capital firm, give up control and 80% ownership and be subject to a share reverse and major dilution. I believe the road we have taken is best for all shareholders including myself. It provides the cash needed for operations and growth. Based on current share price and 3.1 billion shares outstanding as of today, our company has a valuation of under $1 million, as stated above our goal for 2012 is for a much higher valuation. As venture capitalists, building a business takes time and is not for day traders.
For this new year, I would like to thank the support of our shareholders which is our major asset. We have grown and developed due to their support. I have only one request for the new year that is in regards to SavWatt's bashers on online chat boards. Ask yourself why are they bashing SavWatt? If they are shareholders, why bash? This only creates negativity in the marketplace. If they are not shareholders, why are they on the board? Are they being paid for bashing? By whom and what's the purpose? And if they are really unhappy with SavWatt and the SavWatt team, get out of the stock and move on. Please do not listen or act based on basher information as they have an agenda of their own and provide misinformation to the determent of the company.
On a positive note, we are providing a product that saves energy, is green and is mandated by government regulations. The opportunity is huge; we are aggressively working our plan and we will succeed.
Happy and Healthy New Year and Regards to All.
Ike H. Sutton, CEO
SavWatt USA, Inc
Lets call this part 1 part 2 will appear in the next few minutes. Take your time, laugh a little then read Part 2 and repeat
SavWatt USA, Inc. (OTCBB: SAVW), pioneers in LED lighting and the Green Revolution, today released a New Year message from SavWatt's CEO, Mr Ike H. Sutton.
Dear Shareholders,
We are now at a pivotal point in SavWatt's history; 2011 has closed with a long list of accomplishments and we are starting 2012 with a long list of goals. Building a new business takes focus, determination, and support from all those involved. We are slowly becoming a major force in the new LED revolution, a supplier of a product which is a game changer for an industry that has been around for 100 years, and an innovator of new technology for energy saving and green initiatives.
Our 2011 accomplishments are attributed to the efforts of SavWatt's team which is now 30 and growing. I would like to highlight a few:
We have completed Phase 1 of the Baltimore facility build-out; our LED Quality Control Burn in Machine has been installed and tested. LED Bulbs are put through a 6 hour testing regimen before being shipped to clients providing the highest level of quality control in the industry and enabling SavWatt to offer a 4 year warranty. Additionally, 2 assembly lines have been installed to produce orders that require Built in America status which will make available US government stimulus funds.
Company sales offices in New York, Florida, Virginia, and soon to open in California have been established and staffed. Our focus has been areas with high cost of energy -- note each of these areas the cost of energy exceeds .15 per kilowatt, which makes LED bulb replacement a must.
International subsidiaries have been established in Asia and Europe in anticipation of global distribution of SavWatt products.
An Exclusive Worldwide License has been entered into with P2i, a provider of a patented nano coating which will make our LED bulbs water and dirt resistant, a major differentiator from suppliers like Phillips, GE and Sylvania.
Our Ecopoles have been installed in strategic locations for testing and continued to be installed and upgraded. These tests provide valuable information for deployment of thousand units worldwide in the upcoming years. The ecopole has been classified as art sculpture and is aesthetically acceptable by communities nationwide.
Savwatt's web site, a project by itself. The site tracks all our products, specifications and uses. It tracks our ecopoles location with pictures, provides a calculator for all to see the saving affect of our LED lights, and is a repository of all news and sec information for our investors.
Our products are constantly changing due to technology advancements in this area. We pride ourselves as being able to bring the latest technological engineered products to market before our competitors due to our size and determination. Our products consist of outdoor, indoor, and our totally off the grid ecopoles and soon to be released sunpoles.
Our suppliers overseas and in the USA have recognized that our vision and marketing efforts are unique and have either entered into exclusive distribution agreements or partnership agreements to make SavWatt the brand of choice worldwide.
We have attended several trade shows over the year and have developed a database of hundreds of Energy Solution Providers that are hungry for information and partnership; we look forward to developing these relationships.
We have retained 3rd party consultants to apply for Carbon Credits for our ecopoles. With a projection of 10,000 units a $15 million carbon credit plan is in the works. Coupled with a successful forward sale of these credits, these funds will provide SavWatt substantial working capital for their deployment worldwide.
Our shareholder based grown to over 3,000 shareholders and this is one of our major assets for the new year.
Spoke with them today. Asked if they were carrying SAVW products and the answer is: SAVWatt no longer ships us.....................
Have a safe weekend
What's happening with SAVWatt-Depot in California, and the California office
Dyocore no longer carries SAVWatt products.......
SavWatt Investor Relations, Brendan Magone, commented, "I was thrilled to see the 21,000 square foot facility transformed into SavWatt's Eco-Hub, and to see so many attendees interested in our products, our vision, and supporting the themes of buy American and clean energy for the planet. After attending the LED show in Vegas last week -- just before the grand opening -- I believe without a doubt LEDs are the future of lighting. Pictures of both events, and videos of the grand opening, can be viewed on the official SavWatt Facebook page, facebook.com/SavWatt."
See SAVWatts theme BUY AMERICAN !!!!!!!!!!!!!!!!!!!!!!!
Leo9 what a find !!!!!!!!
http://www.newstreetlights.com/lighting_RFP_Document.pdf
This has SAVW written all over it. Bet they sent the pizza guy in to close this deal no doubt. Maybe there will be a pr released shortly to inform the Venture Capitalists of there good fortune coming there way.
Everything must be MADE in America. Well we all know SAVW products are made in America because they told us so. And with having 500 workers in the Baltimore facility this is a no brainer..
Soon that goal of $15,000,000.00 revenue won't be a dream but a reality........... This is truely a gem in the ruff..........
SAVW !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Let's see if anyone can find a true statement in this pr.
SavWatt USA, Inc. (OTCBB: SAVW), pioneers in LED lighting and the Green Revolution, today released a business update summarizing some of the company's initiatives:
Revenue Forecast: 1st quarter 2012 will end our development stage classification and our revenues will begin in 2nd quarter 2012. We have several substantial projects due to close this quarter and we are on target to exceed $10 million in revenues for 2012. California operations will begin in the second quarter of 2012. Due to the nature of the market SavWatt will enter the market creating "SavWatt Depot," a one-stop shop for contractors and homeowners to pick up energy-efficient home products including LED lights, solar panels, solar water heaters, solar pool heaters, battery storage and other energy efficient products. A 12,000 square foot facility in San Marcos, California is currently being renovated for this launch. The facility will also serve as the company's west coast offices. Based on this new addition SavWatt's sales forecast for 2012 is $15 million.
I have only one request for the new year that is in regards to SavWatt's bashers on online chat boards. Ask yourself why are they bashing SavWatt? If they are shareholders, why bash? This only creates negativity in the marketplace. If they are not shareholders, why are they on the board? Are they being paid for bashing? By whom and what's the purpose? And if they are really unhappy with SavWatt and the SavWatt team, get out of the stock and move on. Please do not listen or act based on basher information as they have an agenda of their own and provide misinformation to the determent of the company.
This is really interesting !!!!!!!!!!!!!!!!!!!!!!!
In regards to funding and dilution, a touchy subject, which I receive many emails and calls daily, I would like to point out and remind all shareholders that SavWatt is a Development Stage company. We have accomplished a lot in 2011 but still are pre-substantial revenues; we are still not cash flow positive. We are raising funds through short term convertible loans; these loans when converted do dilute the stock. This method of financing is necessary to grow our business; we are not bankable and do not have a major company big brother. In fact all the shareholders should consider themselves venture capitalists. The alternative and easier solution to this is to accept a $10 million funding from a venture capital firm, give up control and 80% ownership and be subject to a share reverse and major dilution. I believe the road we have taken is best for all shareholders including myself. It provides the cash needed for operations and growth. Based on current share price and 3.1 billion shares outstanding as of today, our company has a valuation of under $1 million, as stated above our goal for 2012 is for a much higher valuation. As venture capitalists, building a business takes time and is not for day traders.
SavWatt USA, Inc. (OTCBB: SAVW), pioneers in LED lighting and the Green Revolution, announced today the appointment of Christakis J. Paphites, 56 years old, CEO of Paphites Holdings LLC, and partner in C&S Solar Holdings LLC as a Director of SavWatt. Mr. Paphites has been a restaurant entrepreneur since 1977. For 20 years he was a Yum Brands Franchisee with 84 Taco Bells, KFCs and Pizza Huts in 4 states. He was the COO/President of BurgerBusters Inc. in charge of operations and development with over 1,800 employees. He is currently a Buffalo Wild Wings franchisee with 4 locations in CA. Mr. Paphites holds a Bachelor's Degree from Guilford College in North Carolina.
This is posted on the SAVWatt FB Page July, 11, 2011
We all know what happened after July 28, 2011
Savwatt (SAVW) finished +58.97% today. Lots of positive exposure lately with DOT in D.C. & grand opening for Eco-Hub on July 28th. To those who have stood by us, many thanks! We are working hard to make the upcoming opening a success.
We have retained 3rd party consultants to apply for Carbon Credits for our ecopoles. With a projection of 10,000 units a $15 million carbon credit plan is in the works. Coupled with a successful forward sale of these credits, these funds will provide SavWatt substantial working capital for their deployment worldwide.
We hold the management of those companies and it`s Chairperson Ike Sutton in high regard. Why Because, he is a visionary that finds great new leading edge products, and services.
Ike Sutton is not aware of this alert
NOW THIS IS REALLY IMPORTANT!!!!!!!!!!!!!!!!!!!!
Message to GOIG & SAVW Shareholders KILLING OF A GREAT COMPANY AND GREAT POTENTIAL:
For the longest time we have been preaching the importance of taking the high road.
We have fought stock bashers, and web sites that provide them refuge in open forums and in the courts of law. Our opinion is that the stock price of a company is determined by investors (shareholders confidence). Remember OTC Markets (Pink Sheets) companies do not have institutional support (they are not allowed by law to invest in Pinks and those that are wont, except to over sell it or short it). So there are no underwriters, no analysts nothing to offer support! The company support is derived by actions of the company, its IR and its shareholders. That`s it! So what are we talking about Look at GOIG and SAVW! Go to our friend Investors Hub chat board and look at the toxicity of GOIG shareholders! http://investorshub.advfn.com/GoIP-Global-Inc-GOIG-8747 http://investorshub.advfn.com/SavWatt-USA-Inc-SAVW-11785 Watch what these shareholders` did to their own investment, and don`t do that! Both GOIG and SAVW were our clients in the past. Few years ago GOIG was one of the great run away stocks that people talk about to this day! We hold the management of those companies and it`s Chairperson Ike Sutton in high regard. Why Because, he is a visionary that finds great new leading edge products, and services. If your next comment is look at the GOIG and SAVW share price and how it tanked, our reply is no one gives out prizes at half time! In our daily activities we run across merger deals, venture capitalist, accredited investors to name a few. In passing we mentioned the technologies of SAVW and GOIG to one of the qualified merger companies. One thing led to another and before we knew it we were on a call with Mr. Sutton trying to secure our commission structure agreement. We would gladly take restricted stock of both GOIG and SAVW and why not! In our opinion it is only going to be worth about 50 to 100 times more after the amalgamation with the merger candidate! Then the toxicity (chat boards of GOIG and SAVW was shown to us). It was a deal killer! We reached out in private to many asking these moderators to remove that nonsense! If someone can explain to us how these negative posts and bashing of Ike Sutton can advance their position and make GOIG and SAVW run, we are all ears and eager to learn something new! Now we ask in this open letter. Remove or edit that board and let us go to bat.
We can close both deals and make everyone some money. Don`t kid yourself that we are doing this for our gain only to earn commission only. We can take the merger company to any one of thousands of OTC Markets listed companies that will gladly do the merger and we will earn our fee. The key in this business is to make it a WIN WIN for all concerned and hopefully turn all GOIG “stuck holders” into viable shareholders and followers. Ike Sutton is not aware of this alert nor have we been compensated in any way. Onwards!
Read more: http://thestockmarketwatch.com/newsletters/2012/05/23/early-alert-may-23-2012/#ixzz1x7jmroGp
Company incurred net losses of $1,505,452 for the three months ended March 31, 2012. In addition, the Company has incurred an accumulated deficit amounting to $49,009,769. The Company has generated minimal revenues and has minimal cash resources.
They want Ike Sutton to stay, as the CEO,
This is interesting... SAVWatt has the same phone # in NY and Baltimore using a NY area code... Could this mean the Baltimore Wharehouse, manufacturing, distribution facility, assembly plant (MADE IN AMERICA), is not operational!!!! SAVW can you CLEAN this up????? 500 employees????????????????
Leader in the LED revolution!!! Looks like the battle has ended with a lot of props!!!!!!!!!!!!!!!!!!!!!!
US Headquarters
SavWatt USA, Inc.
1100 Wicomico Street - Suite 700
Baltimore, MD 21230
Phone: (646) 545-6870
New York Office
SavWatt USA, Inc.
475 Park Avenue South - 30 Floor
New York, NY 10016
Phone: (646) 545-6870
GOIG and SAVW... PLEASE COMMENTS AND OPINIONS...
The merger candidate (amalgamation) is ready to pull the trigger! They want Ike Sutton to stay, as the CEO, the bashings to stop and an orderly transition to occur in the amalgamation. If we can't deliver them that they will walk away from both deals. So please don't shoot the massager! Clean up that board and we can get the job done or sit back and watch other companies on this alert fly instead!
HAPPY MEMORIAL DAY
NEVER FORGET
ALWAYS BE THANKFUL for the GREAT COUNTRY we live in.
MANY have paid for it.
SAVW
Sweep, Sweep, Sweep, Sweep, Sweep, Sweep, Sweep, Sweep, Sweep, Sweep, Sweep, Sweep, Sweep, Sweep, Sweep, Sweep, Sweep, Sweep, Sweep, Sweep,
Sweep, Sweep, Sweep, Sweep, Sweep, Sweep, Sweep, Sweep, Sweep, Sweep,
Sweep, Sweep, Sweep, Sweep, Sweep, Sweep, Sweep, Sweep, Sweep, Sweep,
Just cleaning up for the next 30 - 45 days!!!!!!!!!!!!!!!!!!!!!!!
Look everyone Good news about SAVW has been found please read!!!!!!!
Have a nice weekend!!!!!!!!!!!!!!!!!!!!!!
Http://ledlightingbysavwatt.com/page/456/management-team
Please show me where to find something positive here and I will post it every day
SAVW
CEO salary $240,000.00 Is this positive?
How about this .0001
Or maybe a loss of $1,500,000.00 first quarter
How's this The Baltimore flop, the Virginia joke to help the FED Govt.....
How about the $10,000,000.00 that was due yesterday for the 100 distributors from May 24 2011 - May 24, 2012
Wait
What about the $15,000,000.00 for this year... How's that going
Please show me positive and not a bunch of bullsh**
Anyway,,,, Have a nice weekend Now That's positive!!!!!!!!!!!
We can close both deals and make everyone some money.
Then the toxicity (chat boards of GOI* and SAVW was shown to us). It was a deal killer! We reached out in private to many asking these moderators to remove that nonsense! If someone can explain to us how these negative posts and bashing of Ike Sutton can advance their position and make GOI* and SAVW run, we are all ears and eager to learn something new! Now we ask in this open letter. Remove or edit that board and let us go to bat.
A CHAT BOARD KILLS A STOCK !!!! INTERESTING
Everyone post nice things then this will start to head north....
I believe the nonsense are the PR's.... just my opinion
If your next comment is look at the GOI* and SAVW share price and how it tanked, our reply is no one gives out prizes at half time!
OK, since you brought it up, why did it TANK?
HALF TIME ??????????????????????????
We hold the management of those companies and it`s Chairperson Ike Sutton in high regard. Why Because, he is a visionary that finds great new leading edge products, and services. .0001
.0001 .0001 .0001 .0001 .0001
Interesting statement
Watch what these shareholders` did to their own investment, and don`t do that!
. Our opinion is that the stock price of a company is determined by investors (shareholders confidence).
REALLY !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
SavWatt is an American leader in the production of energy from the sun.
This is funny. An Italian article about SavWatt
This pretty much says it all
GO SAVWATT!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
The SAFE HARBOR STATEMENT Information in this news release may contain statements about future expectations, plans, prospects or performance of the Company that constitute forward-looking statements for purposes of the Safe Harbor Provisions under the Private Securities Litigation Reform Act of 1995. The words or phrases “can be”, “expects”, “may affect”, “believed”, “estimate”, “project” and similar words and phrases are intended to identify such forward-looking statements. The Company cautions you that any forward-looking information provided by or on behalf of the Company is not a guarantee of future performance.
Wonder if the Merger People are going to use Money TV?
How about them Eco Pole sales?
What about there new product The Sun POLE?
The Beamers?
The P2 stuff?
500 employees, Made in America, no wait, Let's address the bashers that's more important.
$240,000.00 a year a three year old could run SAVW and GOI*
SAVWatt did you pay the rent in Baltimore and Virginia.
How about those overseas offices you have How are the sales NATIION wide going?
Merger people, quick merge before it's to late and all those big contracts come in
SAVW .0001 GOI* .0001 MERGE QUICK before they both hit bottom.....
I have only one request for the new year that is in regards to SavWatt's bashers on online chat boards. Ask yourself why are they bashing SavWatt? If they are shareholders, why bash? This only creates negativity in the marketplace. If they are not shareholders, why are they on the board? Are they being paid for bashing? By whom and what's the purpose? And if they are really unhappy with SavWatt and the SavWatt team, get out of the stock and move on. [color=red]Please do not listen or act based on basher information as they have an agenda of their own and provide misinformation to the determent of the company
Dear Merger People,
An Exclusive Worldwide License has been entered into with P2i, a provider of a patented nano coating which will make our LED bulbs water and dirt resistant, a major differentiator from suppliers like Phillips, GE and Sylvania.
Does Phi, GE, or Syl. know you have a superior product?
First quarter (Negative $1,500,000.00) SAVW .0001
http://www.xtranormal.com/watch/13419811/ike-the-spike-suttondtcc-chillin-the-most
Clean up that board and we can get the job done or sit back and watch other companies on this alert fly instead!
Dear Merger People,
What are you trying to merge? GOI* .0001 and SAVW .0001 = .0002
And keeping a CEO that has taken GOI* from .06 to .0001 & SAVW .0089 to .0001 I don't get it.
But you guys are the merger people this is like merging crude oil with whipped cream.