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Yeah and I'm doubtful that any one is going to buy over inflated LED from these crooks. They spend more time looking for money then they do on selling this product. A scam from the get go. Believe IT.
Well my friend, The END is near. I just feel bad for all the people who placed their trust and belief in aa bunch of conmen. Should know I was one of them.... Good luck Ernie and any one else that holds hope.
Lets look at this thing logically Ernie.
There is NO more Solar business (which every one invested in the first place)
Massive abuse of Investors money
Costly product
Highly competitive LED market.
Small sales
Bad economy.
Art is know Houdini and the likely hood of him pulling a rabbit out of his hat is slim to none.
Sorry Ernie, this is a dead duck IMO
I've always respected your point of view Ernie and I hope your right. I do think AB is cutting the dead weight, I just feel it's such a huge undertaking to resurrect this stock and I'll try to be more supportive but my guts are telling me this play is a well planned exit for a small few to make off with a lot of money.
Not sure if I agree completely with you Ernie. Veal was a blood Sucker who never filed the quarterly reports on time and road the SUNV gravy train, however I'm reading a little more into this and think if they are successful in raising the million at the end of the month what’s going to be the next hurdle? IMO Buckland is dressing this Pig up for a sale that will only benefit a few.
I disagree with both of you but respect your opinions and wish you the best. IMO you can’t build something from a lie and expect it to grow. The lie will always catch up to you it’s only a matter of time. A bumpy road is an understatement; AB even with all his experience is working against Casino odds. The old management and the good Dr. worked this penny stock to death. You can’t depend on Rumors and more fluff to resurrect this company. I believe something big is going to happen but us Investors are not going to benefit from it. Nevertheless a positive thought is much better then a negative. Good luck to all.
Ernie, Do you know when Carl Smith was completely taken off the Sunovia Website? Seems like he lost his Chairman of The Board Status as well to good old AB. It’s also interesting that they took off Craig Hall's bio off as well. Have a funny feeling they want to completely disassociate from these gluttons.
Yes Ernie there is. The Bottom Line is these guys CONcocted a scheme to part unsuspecting Investors from their money, End of Story. The new management is there to pick the bone clean. Sad but true.
IMO Investors who feel they were Conned, first need to go to the SEC complaint section on their website:
http://www.sec.gov/complaint/select.shtml
It's important to file a complaint for many reason but mainly if a Class Action Lawsuit occurs you would be on record as someone who as already went on record with a governing party to voice your concerns.
The more people filing a complaint the better because the SEC is so inundated with fraudulent companies like SUNV that it take them awhile to get to them unless their are hundreds of complaints. This is only my understanding, I'm not an attorney or expert in this area, just an investor who is upset because I feel taken to the cleaners.
Good luck, hope this info helps
ACCOUNTABILITY
I sincerely believe there should be a criminal investigation conducted on the previous management of Sunovia. In particular, Carl Smith, Craig Hall, Rick St.George and Dr. Silv. I find it very interesting the removal of Smith, Hall’s bio from the main website and even more perplexing the millions of dollars that seem to have just disappeared. I don’t believe there was any attempt to make a real business out of this company but more like a scam to part money from all of us investors. Think about the troubles Smith and Hall were in with the SEC several years back. It was called STOCK PROMOTING, and I believe history is repeating it self in this case. I’m curious to know if their other penny stocks ever made any one else money but themselves. I think it’s time to get Pro-Active and demand the SEC to investigate this company and it’s so called advisors to see really who has benefited from all of this.
ErnieB,
I'm no expert on averaging down to try to break even or recover but IMO I think your wasting your time. You seem very level headed and posted many logical comments on this board so if I were you I would follow your own intuition and cut your losses on this SCAM. No need to throw good money to bad. Good luck with any decision you make, I hope you recoup any losses you suffered by these clowns.
I have been warning the board for years now on this well crafted fraud. Unfortunately people are like sheep and believe in what well-noted conman say or they are to ashamed admitting these shysters duped them. I fell for this con too however I’m being vocal about it as I feel the players should all be held accountable. The players in my opinion are Carl Smith, Richard “Craig” Hall and Rick “Puszakowski” St.George. These clowns had a meeting of the minds and concocted this will thought out scheme and dupe millions from investors, to line their own pockets. Once they milked every penny from us they brought in a name like Art Buckland to make it look like they wanted to salvage the company and make investors their money back. Well folks, don’t hold your breath, there is big business in buying distressed companies and Buckland knows it. He is no Knight and Shining armor trying to save the day. On the contrary he see potential in lining his pockets and looking like the hero trying to clean this colossal mess. These scammers never had any intention on making a real business here and that is so apparent now. It makes me Ill to know they are now opening a separate company to raise 10 mill from unsuspecting investors that think there is something to this BS. I would hope that people would be smart enough to stay away from these A.H, however the old saying is so true a “Sucker is Born Every Minute”. My final thought is this, don’t buy in to the Sunovia, We are Victims to game. They are not. These guys are very smart in what they do. Read SEC filings on them and learn the dynamics of a conman and all the answers will come clear. Don’t hold hope in every seeing your investment back because you won’t, it’s been spent on lavish life styles and shaddy business and it will never come back. Move on and then get mad and complain to the SEC and any other Governing party that will hold these guys accountable.
Makes sence ErnieB, you still have my respect buddy. Just feel bad for all the people who lost their shirts on this one. It's interesting how the stock fell today after the annoncement. Lets see what happens tommorow
Say it ain't so ErnieB, I can't believe your drinking the grape Kool-aid. The changes look promising but I believe it's merly to grab as much as they can before the ship sinks. AB is not stupid and knows how to create a better image but I strongly believe it's not for the shareholders benifit. Hope I'm wrong, just think a CON is A CON.
Hey Moe, is this your company suing these winners???? I heard a class action lawsuit against RSG is on the way as well.
He that deceives me Once, it's his Fault; but Twice it is my fault.
Ernie, you got these guys figured out. Smith and Feuger are running for the hills because not only are they an embarrassment to the company they should have to answer for such an outrages operating loss. I’ll bet dollars to donuts most of the money raised was funneled through Smith, Hall, Feuger and the ultimate con man himself, Rick St.George’s pockets. Buckland in my opinion was hired for damage control and will suck as much money from Investors as possible by stacking the deck with all of his buddies, then when it tanks he’ll play dumb and claim he had all the investors best interest at heart and gave it the old college try. This company is a scam and anyone who buys into it from this point is delusional. Read between the lines, they have no clue what they are talking about and only want your money.
I agree with you, EPIR was a privatly held company with great credibility and Goverment Funding for years. I think Silva even work for the Regan adminastration. What did Smith and Hall ever accomplish? let's see SEC repremands and shady business dealings. They are just great Spin Doctors, nothing more, nothing less.
I agree King Greg, I have invested in a green product from a private offering and I have already seen growth and ROI. I'm reluctant to ever invest on the markets again, especially OTC and Pink Sheets, a breading ground for Scam Artist and Con Man. I truly believe it's impossible to find an honest company that goes public on these outlets. SUNV was created by two Venture Capitalist who recruited a con man to raise money. WHO really benefited from this? All the insiders that's who. Good luck and I wish you all Health and Prosperity in the New Year.
Insane, won't they be delisted for sure now? To much smoke and mirrors here.
Ernie your dead on. I wonder when Art will finally bail and cut his losses. I think they built the Executive side to impress some would be buyers and now that the solar side is no more the big BK is right around the corner IMO. But fear not, Smith, Hall and RSG will be fine as they venture off to another scam and milk more Investors.
I believe their is a three strike rule in filing late. So the next time they file late they are done like dinner.
I believe their is a three strike rule in filing late. So the next time they file late they are done like dinner.
Here is the link.. Judge yourself.
http://biz.yahoo.com/e/101214/sunve.ob10-k.html
10K is finally filled and what a joke;( Don’t quote me but it appears SUNVE is completely abandoning the solar side and focusing only on LED Lighting. Good luck. The competition in LED lighting is so competitive these Yokels don’t stand a chance plus they don’t like to pay their suppliers just their useless management team. No question Sunovia Energy is a complete SCAM.
I just don't understand why they are waiting the last possible min. They must know by now they pissed off thier core investors and with the bad PR online they certainly not going to drum up new victims. Just be real Sunve.. The gig is up.
King Greg with these guys who knows???? It's in their best interest to file because they won't be able to milk this pig anymore if they get delisted. On the flipside they might accept defeat and shut it all down and take their chances with trying to get a huge settlement from EPIR lawsuit, where only the insiders would benefit from so either way us investors are screwed. If the do file, I agree with ERNIE, it's going to be a pathetic show and there will be a MAD rush to sell this S%#t IMO.
Poland hmmmm isn’t Rick St.George real name Puszakowski???? You can't get anymore Polish then that. I believe his roots are in that Country. Coincidence? I think not. Explains why RSG and Craig Hall set up Pristine Lighting last year.
I completly understand, these guys are known for spinning the truth. They truly are FLUFF kings. I'm wondering how the EPIR lawsuit is going to play out. For some strange reason I feel they painted EPIR in a bad light just to take the heat off of them. After all SUNVE was built by a bunch of stock promotors and venture captitalist.
I completly understand, these guys are known for spinning the truth. They truly are FLUFF kings. I'm wondering how the EPIR lawsuit is going to play out. For some strange reason I feel they painted EPIR in a bad light just to take the heat off of them. After all SUNVE was built by a bunch of stock promotors and venture captitalist.
Thanks for the info, this doesn't suprise me in the least. Sunovia is filled with a bunch of deadbeat blood suckers who only know how to take and have no problem stiffing any body. If they don't file (which i'm sure they will) by December 15 then they will be delisted. Moe any chance on disclosing the name of the company suing these dirtbags????
Investor B, remember Bernie Madoff lied to his own family and Friends. If you’re in contact with MR. RSG ask him how he can afford the life style he is living? Not bad for an Annuity Salesman. Here is sign of a "SOCIALPATH"
Profile of the Sociopath
This website summarizes some of the common features of descriptions of the behavior of sociopaths.
Glibness and Superficial Charm
Manipulative and Conning
They never recognize the rights of others and see their self-serving behaviors as permissible. They appear to be charming, yet are covertly hostile and domineering, seeing their victim as merely an instrument to be used. They may dominate and humiliate their victims.
Grandiose Sense of Self
Feels entitled to certain things as "their right."
Pathological Lying
Has no problem lying coolly and easily and it is almost impossible for them to be truthful on a consistent basis. Can create, and get caught up in, a complex belief about their own powers and abilities. Extremely convincing and even able to pass lie detector tests.
Lack of Remorse, Shame or Guilt
A deep seated rage, which is split off and repressed, is at their core. Does not see others around them as people, but only as targets and opportunities. Instead of friends, they have victims and accomplices who end up as victims. The end always justifies the means and they let nothing stand in their way.
Shallow Emotions
When they show what seems to be warmth, joy, love and compassion it is more feigned than experienced and serves an ulterior motive. Outraged by insignificant matters, yet remaining unmoved and cold by what would upset a normal person. Since they are not genuine, neither are their promises.
Incapacity for Love
Need for Stimulation
Living on the edge. Verbal outbursts and physical punishments are normal. Promiscuity and gambling are common.
Callousness/Lack of Empathy
Unable to empathize with the pain of their victims, having only contempt for others' feelings of distress and readily taking advantage of them.
Poor Behavioral Controls/Impulsive Nature
Rage and abuse, alternating with small expressions of love and approval produce an addictive cycle for abuser and abused, as well as creating hopelessness in the victim. Believe they are all-powerful, all-knowing, entitled to every wish, no sense of personal boundaries, no concern for their impact on others.
Early Behavior Problems/Juvenile Delinquency
Usually has a history of behavioral and academic difficulties, yet "gets by" by conning others. Problems in making and keeping friends; aberrant behaviors such as cruelty to people or animals, stealing, etc.
Irresponsibility/Unreliability
Not concerned about wrecking others' lives and dreams. Oblivious or indifferent to the devastation they cause. Does not accept blame themselves, but blames others, even for acts they obviously committed.
Promiscuous Sexual Behavior/Infidelity
Promiscuity, child sexual abuse, rape and sexual acting out of all sorts.
Lack of Realistic Life Plan/Parasitic Lifestyle
Tends to move around a lot or makes all encompassing promises for the future, poor work ethic but exploits others effectively.
Criminal or Entrepreneurial Versatility
Changes their image as needed to avoid prosecution. Changes life story readily.
I couldn't agree with you more. I'm old school when it comes to working hard for what you have, living life honest and straightforward. I like to invest into people and their ideals but I learnt the hard way that too many are only in it for them selves and their elaborate life styles. It makes me sick to know that these guys have benefited off of so many who were made serious promise of financial freedom and were conned into sinking their life savings into this PIG. Thanks for your input Ernie, always enjoy reading your candor comments and intelligent post.
Ernie, how do you think they are going to spin the late filing???? I'm sure if they aren't reinstated by next week all Hell is going to break loose. I’m also interested in your opinion on my fire sale theory.
There is something more strategic going on here IMO. I believe they are stacking their deck to sell SUNVE off too some unsuspecting fool. It makes NO sense to bring in guys like Art Buckland and this new attorney/secretary if they weren’t trying to impress someone. They certainly don’t care to impress their stockholders. Something doesn’t smell right and I believe it will become clear more sooner then later. This is all leading up to a FIRE SALE people IMO…..
SUNVE may be delisted soon.
When can a company be "delisted" or removed from the OTCBB?
OTCBB issuers that become delinquent in their required regulatory filings will have their securities removed from the OTC Bulletin Board. Further, all OTCBB issues must maintain at least one registered Market Maker to remain on the OTCBB. When the last Market Maker in a security withdraws from the stock, the issue is removed from the OTCBB after 4 days pursuant to Rule 15c2-11. An issuer cannot voluntarily withdraw from the OTCBB; only a market maker can voluntarily withdraw its quote from the OTCBB. If an OTCBB security becomes listed on NASDAQ or another exchange, it will no longer be eligible and will be removed from the OTCBB.
How does the three strikes ineligibility rule work in practice? Pursuant to NASD Rule 6530(e), any OTCBB issuer that is delinquent in its reporting obligations three times in a 24-month period and/or is actually removed from the OTCBB for failure to file two times in a 24-month period is ineligible for quotation on the OTCBB for a period of one year. For a security to be eligible for quotation on the OTCBB, NASD Rule 6530 requires, in part, that the issuer of the security is required to file reports with the Commission or that the issuer of the security is a bank or savings associations (or holding company for such entities) that is not required to file reports with the Commission and, instead, makes filings with its applicable regulator. In addition to the foregoing, the issuer of the security must be current in its reporting obligations, subject to a 30 or 60 day grace period, as applicable. An OTCBB issuer will be deemed delinquent in its reporting obligations if the issuer fails to make a required filing when due or has filed an incomplete filing. In order for a filing to be complete, it must contain all required certifications and have been reviewed or audited as applicable, by an accountant registered with the Public Company Accounting Oversight Board.
IMO, it just shows a lack of respect to their Investors. We were good enough to support their vision, and fork over the cash yet they can't even take care of their fiduciary duties and file on time. They have no assets, pending lawsuits, and useless Management. They would need to make multi-millions in sales before any one would receive an ROI. We can all speculate for years that they have a plan to move forward but lets face it they have been doing this for years and what really has transpired???? IMO this is a gravy train for a select few and they are laughing all the way to the bank while the rest of us hold on to hope for a stock that doesn’t have a hope in hell. Hope I’m wrong , guess we’ll see soon.
The Rick St.George in the post you listed is a man in his sixties from Yuma Arizona. He is a consumer advocate who has extreme views of the system and expresses them in an intelligent articulate way. The RSG in question is a fast-talking conman that cares more about taking your money then fighting for it. If you search on facebook you will find four different RSG the difference is the other three are most likely are using their real names. In the background check it revealed all but 4 digits of his S.S.N. It also reviled RSG as a criminal record for battery against a women. He is a real winner….
The Rick St.George in the post you listed is a man in his sixties from Yuma Arizona. He is a consumer advocate who has extreme views of the system and expresses them in an intelligent articulate way. The RSG in question is a fast-talking conman that cares more about taking your money then fighting for it. If you search on facebook you will find four different RSG the difference is the other three are most likely are using their real names. In the background check it revealed all but 4 digits of his S.S.N. It also reviled RSG as a criminal record for battery against a women. He is a real winner….
Well XKINGXGREGX I took your challenge and you owe me $20 bucks LOL because the RSG in the post is not the same Rick St.George we all know and love from Sunovia. How do I know?? I took the liberty to do a basic background check on Mr.St.George and what I found on him is shocking. He defiantly is one of the principals of Elderly Care Financial Services. (Not surprising as these conmen love to prey on the elderly).
http://www.corporationwiki.com/Florida/Nokomis/elder-care-financial-services-inc-2451710.aspx
What's unbelievable is the background check through corporationwiki reveals that Rick St.George a.k.a Rick S Puszakowski has more then 20 different aliases under the same Social Security number. This coincides with the different variations of names to companies that he owns or is a partner in.
He has also leased over 19 cars in the last three yrs including Phantom Bentleys and Mercedes convertibles. This guy has Bernie Madoff writen all over him. I tried to cut and paste RSG Alias information but was unable to. I also found an interesting post from RSG facebook here it is:
?Jim Rexroat hey you fucking jack off...you ask Irina out...is that why you dodged me bitch at Playboy? What an asshole if you did mess with her you cunt...I will see you in SRQ...fuckoff I outta help the people who are suing your crooked ass!Sunday at 3:16pm
RSG world seems to be crashing in on him and I hope what goes around comes around in this case.