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The calm before the storm :)
This started in 2017. There was a link Chen or TNO posted with some mention of an Audit that was completed. the transfer of the Private Korean share holders started beginning of August and should be complete or completing very soon. by the MM's showing up on level 2 I believe there could be a share buyback happening in the background, also the way the stock is stepping up and losing half of its gains every 2 weeks or so they are trying to catch every share they can. I have been watching the number of shares change hands and its getting less and less with every day that passes. I'm thinking they have about all the shares they can get from us without making a huge jump and causing too much attention at this level. The name change process usually takes about 2 weeks once filed. I dont think they want to change the name until they have all shares swapped and buy back shares at open market. Saean has been working with universities in Malaysia training students on EV tech. They have an "incubator" setup, I posted links over the weekend. They are working with a very large company "Go Auto"... They also have a race car that just won the Series. That does not happen by luck. It takes lots of money to win a race series. You need a team of experienced crew and talented driver to deliver results. Think about it. The most populated area in the world knows who Saean is. They are going public. IMO there will be demand for their stock and value to justify a much higher price. As for the timing. I believe it will be very soon. Summer is over, OTCBB stocks usually pick up steam in the fall- Feb and have the best runs IMO. I'm going to say any day now but could take a few weeks depending on what is happening in the back ground. I have been adding as much as I can and hanging on tight. My original plans was to flip shares to double up as it climbs but the volume is not there. I'm just going to keep adding until the NASDAQ. I cant afford to not be in this one when the news hits. This is my opinion and I don't have any inside knowledge to know an exact time line. My last reverse merger/takeover play that hit big was nowhere near as good as this. Like TNO states he is investing in Lee's vision. After some research on Lee and his industry ties/backing this could be very big. I also read somewhere Lee worked on a Ford concept car back in '94. I don'd think there is an auto maker out there who does not know who Lee is. I'm sticking around no matter what the timing is on this move.
Marketing is key. Saean's name in front of investors. Key personal highlighted in Forbes, or on the cover of CEO magazine.. Might as well put SAEAN's name on the side of a race car and get the name out there. I expect once the name changes there will be a big PR campaign for name recognition. At the same time I expect the (two years worth of) Audited financials to be released showing a very large company with lots of assets and very little debt. They crossed all their i's and dotted all of their T's. Big move coming imo.
Read all 2b4g press releases. Saean playing a big part in Go Auto's electric suv and car engineering. maybe their electric bus too.
http://2b4g.net/sub.asp?maincode=455&sub_sequence=467&sub_sub_sequence=&exec=list&strBoardID=kui_467
Maybe he found the new plant and took some pictures of cars rolling off the line.
230k could be where the market makers want to pause it until next week. You might have fell for their games.
TNO kind of scares me too. He only posted on EMPM and LEO motors. However he has always been very "pro" both companies. So I added instead of dumping. :)
I'm sure you can get your 25k back at .25 Tuesday and still make some money if the news is good.
TNO its officially the weekend! Let us have it :)
Was that Pi's desperate attempt to cause fear and panic to drop the price so he could pick up more shares for next weeks run? LOL
"Lee is one of the most well-known CEOs in the field of electric vehicles"
https://translate.google.com/translate?hl=en&sl=ms&u=https://www.utusan.com.my/mega/permotoran/saean-motors-tawar-latihan-praktikal-kepada-uitm-1.572380&prev=search
Good idea. might want to make it $25 just to be safe :)
Every time we set a new high its been about .06 consolidated a bit, jumped to .12 consolidated, jumped to .24... Seems like the next leg up should take us to about .48 ish... give or take. could be .45 or .50 but this seams very controlled in steeping up to shake out weak hands so it does not run straight to $'s and drop back down.
Might close near it but I'm thinking we setup for the next leg to start next week. IMO
I don't think going "all in" is a problem for new traders. Its going all in when the price is running to .48 and buying at the top. Then getting scared out when it consolidates back to .3x something.. Than thinking they can buy back in during the next run to $1 and chase. That's how 90% of penny traders loose even on winners. Key with this one is buy dips, keep adding, take profits as needed IMO.. Do your DD and have patience.
They are scrambling for shares and no one selling at this level. Next leg will start very soon to see if anyone takes profits. When they don't it will walk down half of its gains again to shake out week hands.
I don't think that will matter. The market makers have a job to do. That is make sure there are shares available for investors. By investors I dont think that means retail. If the company is going to buy back stock, or large private placements are coming in they need to fill them. In order to get enough shares they will work together to trade shares between each other and start collecting. There is already lots of upward pressure here. They seem to let it go every now and then because they know a shake will drop some more shares into their hands so they can fill their orders IMO. I think we might see more of the same trading pattern steeping up every week or two.
I'm sure he's much more experienced now. For Forbes to say that in 2013 with competition such as Samsung, Hyundai, POSCO, Kia, LG means a lot.
We did not see his full potential with Leo due to a bad car accident.
Korea is not like the US when it comes to business competing and fighting each other for market share..
"In May 2019, Hyundai announced it had teamed up with Kia to invest $90 million in Croatian electric supercar manufacturer Rimac."
https://www.autoblog.com/2019/08/06/hyundai-electric-race-car/
The potential of Saean's leader's, engineers, and Tech being used in both Hyundai and Kia's cars is very real. Also investments in each others tech helps the Korea grow and take market share from China and Japan.
Saean is an up and coming company that is ran by one of Korea's top business leaders. A name that many Koreans already recognize from a race team that took 1st in the series. A company that has been in local print, at auto shows and on its way to the NASDAQ.
Who is Lee? The most powerful business leader in Korea!
https://www.globenewswire.com/news-release/2013/02/14/523646/10021846/en/Fortune-Names-Leo-Motors-CEO-to-Its-Most-Powerful-Business-Leaders-in-Korea-List.html
The USA is looking to do more business with Korea and less with China. There are talks about tariff free auto trade...
Know what you own as they try to steal shares from weak hands.
Is Saean's Tech and engineering division the same one working with Global POSCO E&C
http://www.poscoenc.com/eng/about/introduction.asp
Search this link for Saean Inc
http://www.poscoenc.com/eng/pr/press_release_view.asp?hBOARD_ID=PR&hDOC_ID=385
the small drops bid wacks are causing panic making larger 20k bid wacks. who ever picked them up will be very happy within the next 2 days. I have been adding today:)
Every time the price dipped today it was on very small trades dumped on the bid. As the ask dropped larger blocks are being loaded. Someone is taking advantage of the low volume to load IMO.
Our current market cap is around 36 million. The private investors seem to think this is worth 30x (or more) of the current market cap. That would put this around $5+ in the short term IMO. Saean inc is coming go back and look at the 8k
https://sec.report/Document/0001493152-19-009067/
"On or about May 14, 2019, Saean, Inc., a Nevada corporation (hereinafter referred to as the “Buyer” or “Saean” interchangeably), whose corporate address is 2620 Regatta Drive, Suite 102, Las Vegas, Nevada 89128; and Peter Dunn (hereinafter referred to as the “Seller” or “Dunn” interchangeably), the then current sole officer and director as well as the controlling shareholder of the Company, entered into a Common Stock Purchase Agreement (the “Agreement”) whereby on or before the closing date of May 31, 2019, the Seller would sell and the Buyer would buy 126,855,000 shares of Common Stock of the Company in a change in control transaction (hereinafter referred to as the “Change in Control”)."
Any day now the symbol will change and new will start flowing about the plans...
.19 is the cheapest we can get shares since we hit our last 52 week high last week. Next 52 week high should be next week around .48 IMO
According to Finra there is only 807 short as of 8/15. After our current run from .02 the shorts wont even touch this. They know this is going much higher.
He's back with the Doom and Gloom loading for the next leg up to .48. Its coming very soon imo. I'm loading more too.
Chen do you have any links regarding this $50 million investment?
Thanks
So they have 50 million investment happening next month at $5 per share? I'm guessing they need to spend that 50m on the open market to get the share price up to $5 Can you imagine those shakes? If we are holding 100k shares at $4 and they drop the price to $2.5 or $3 we are all selling our shares to them as they lock up the float and bring it to $5+ with no shares for us.
This one is going to be tough for us to keep a hold of no matter what we believe. I just cannot imagine loosing $100 or more a day as the market makers make sure shares are available for their large investors as they shake us out. If they are getting a private placement at $5 there must be lots of room for growth. $5 a share is still just under a billion market cap. I'm going to guess they have some tricks up their sleeves to value this way higher. IMO..
I feel your pain.. its the same pattern Consolidate to around .19 next week jump to .48 its only going to get harder for us to hold out. the next consolidation from .48 to lets say .35-.40 will feel like we are loosing our shirts. Last week I sold 20k at .24 anticipating the pull back to .19 I was able to add another 5k shares. The volume is just not there to risk selling more to double up on the pull back without driving up the price chasing and getting stuck without 20k less or more shares and this does break the pattern I'm going to be more upset.
I'm trying hard to ignore the pull back knowing deep down its a shake before next leg up. But next leg pull back we might have days we are down 38k. damn that's going to hurt much more IMO
As bad as i want this to just jump I know its for the best. I just dont know how I'm going to handle it... Maybe I'll just take a vacation to a remote island with no cell service for a month.
I think they have some good NASDAQ quality Market makers controlling this. It seems like they are doing a good job walking it up slowly trying not to attract the attention of the pump and dumpers, flippers and investors that will drop it back down once it gets to $1-$3. They know walking it up and letting it consolidate will give it staying power. If it moves up to fast it will drop faster stepping it up slowly gives everyone a chance to take profits or load for next step. Very organic climb happening, even with name change we could see the same pattern of getting another 100% gain every other week or so... Its going to happen, and they will try like hell to shake out the people holding from .02-.05 the whole way up. IMO Not going to get any of my shares.
My prediction is consolidation continues this week. Next week we double from the .19-.24 to .48 range. The market makers are walking this up slowly letting off all the week hands at each step. If we jumped straight to $3 trading might be halted. Or worse there would be no staying power. Everyone would take profits and the downward pressure would be to much. When this gets to $3 it will stay at $3. If the name changes it might jump as Koran and Japanese markets discover Saean. However if SAEAN does a buyback of all available open market shares and they cannot get our it might be name our price as Koran and Japanese retail moves in.. IMO
"The Company’s board is now considering merging with another entity that has viable operations."
https://sec.report/Document/0001493152-19-013399/0001493152-19-013399.txt
Is someone accumulating? Who IS David C. Robins?
Unless we get news we should stay between .19-.22 this week and start our next leg up the week of 9/2. This seems to be a very controlled steady rise and doubles every 2 weeks. If the name changes and news starts flowing we might jump past $1 at any time IMO.
We covered that. It changed around 7/30 see ibox. My guess is it was attracting too much attention and driving shares price up before they were finished buying back shares.
EMPM "??" is trending on Breakout board and most read. Should draw lots of eyes this weekend.
If they are moving the stock form Nevada sos (EMPM) to DE and changing the name From past experience It usually takes about 2 weeks with no holdups or holidays. It could be any day now IMO.