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Hey Solly...what is the legend on those shares? I would need to know the dates on those restricted certs to determine when Rule 144 would apply. But I am definitely interested in pursuing. Thanks for more information.
Swamped over the next couple of days but I will put in a call to Worldwide Transfer which works on the restricted certs. I agree that I'm not sure TD would be able to make that transaction but I can find out what that process might be. But we'd have to work on that 50% versus my 10.
Not one person here will sell me their stock even at 50% of the value because most here know, as I do and can see by their actions, that the company will trade again. Companies don't take all of the steps Savi has taken to not get back to trading.
But yes not one offer.
I am willing to buy the shares of SVMI stock at 10 cents on the dollar from anyone that wants to rid themselves of their shares. I am still waiting on the naysayers to reach out. No one has. Might as well take something right?
I pay all of the transfer fees.
So if you have a million shares worth $3,300 at this moment I will transfer your stock to me for $330.
Let me know.
I think not. But we are all in the waiting room hoping for a new life. Soon.
I agree on your Victor comment but I think he set the stage for a better business model for the company. Quite frankly he was responsible for taking the company away from targeting local construction companies in Santa Ana and looking at setting up distribution deals and deals that look at international efforts to sell the product/s.
I cringed when he left as well. He seemed to be the right person to steer the company in the right direction but we all know how Serge can be so his departure was not completely unexpected.
I will say that the team they have now is pretty solid. Their legal is doing the right things, their accounting is doing the right things and all they need now is to sell the damn thing. And I think that's possible as Serge seems to have picked up on Victor's vision of creating a distribution model rather than installing DV's on Ronnie's Roto Plumbing's four or five trucks.
I think if they get back to trading there's light at the end of the tunnel. Hey at least there's still a tunnel.
On your spring chicken statement I would endorse you watching the strings. Do it on your time. Why not? Hey for now as you have said our shares are worth the lint in my pocket. I think any of us who are shareholders would welcome you helping them out.
"The great State of New Jersey nominates DFW!"
It's my understanding that the Walker deal is still active but they are distributing the lower priced product. But Walker has a lot of products so I don't think they focus on the product very much. The focus on pitching to governments by the way is a good strategy,
Maybe we need somebody to watch the purse strings.
Seems this company runs through a lot of good people but they also seem to have a pretty stable team there with Vince Manship (sp) and Mike Rockwood the guy on that video. I think the turnaround is simple...sell to distributors and let them sell and install.
Oh yeah that's what they are doing.
But my plate is currently full and I will vote for you DFW to be the next President!
The company bought a large amount of DV's when the initial Dubai deal paid their fees. So they had upwards of 10K on the shelves. In such deals you get the first payment upfront, enough to satisfy the first PO and then play the game of get paid/buy product and on and on.
As a person who deals in such events every day you always get paid a portion first to begin the deal.
Yes I agree that we had the pop on the announcement but should we not expect a pop (when they get back to trading) on the revenue? I would think so. The the restructuring can begin especially if the revenue they are mentioning comes to fruition. With filings current, revenue from any of the talked about deals we should see a decent structure of the company to look like a well organized company.
Someone here said they would not buy unless current. Well that is pretty much in place. Now to fix everything else.
I believe the revenue will come. From Dubai and China. And it will be significant. Enough for the company to address the share structure that you are correct is out of whack.
This company's share structure was diluted when the original Dubai deal was announced the stock grew to .8-.9 so why wouldn't a deal showing revenue from Dubai, China or Korea enhance that value even more.
In addition with the rev from any of these deals there could be a restructure to buy some of those shares back.
That's what I think the stock is a good buy when they get back to trading.
I am sure they are going to trade and you aren't. You have everything to gain here. In your mind your stock = $0. In my mind your stock is worth 10% of the current value. I would be foolish to pay you more that what you consider it worth.
A million shares to you is now nothing but I'm willing to pay you $330 for your million.
Your turn to pull the trigger.
My bad. I meant 10% of the current value of the stock. So a million shares right now is worth $3,300. I will pay $330 and the transfer fees and whatever legal fees that come with that transfer.
A lot of you keep saying the company will never trade again so isn't 10% worth more than nothing? $330 per million shares is money in the bank. Right now if you all feel the company won't trade again then WTH.
Are you going to leave that money sitting on the table?
As stated no one will sell me their shares. Everyone wants to whine about the company never trading again yet you see what they are doing to get back to that status.
I will have no takers. All talk no real takers for my offer. I would love to buy your shares to anyone out there. Just let me know. Buying your shares will be the deal of the century.
I will buy any shares for 10% of the current value if anyone wants to sell their shares. To hay with market value if you feel they will never trade again.
I bet I will have no takers on my offer and I feel confident, after getting an overview on the narrative from the company, that they will trade again.
Anybody? If you are so sure they will NEVER trade even 10% cents on the current value is a winner. Nothing from nothing leaves nothing right? 10% is better than nothing.
No common business sense.
You people really think a company would throw money at something for no reason. Stevie Wonder can see that spending all of this money for nothing would be quite frankly stupid. With respect to DFW's question about how much they are spending on each filing let me say this. I don't know. What I do know is that each filing is audited, reviewed by an attorney and then submitted to the SEC and that takes money.
It's actually would be bad business for Serge to invest in a company with a massive amount of legal and accounting fees, and remember the flurry of filings to get current prior to the de-listing...spend all of that money for no future prospect of making the company viable again.
Makes no sense. Anyone that buys in to that narrative has limited business experience.
Actually as much as I'd like to spank Serge for some of the past issues it certainly looks to me, as a person who has run and managed businesses for way too long, that the efforts they are making are for the plan to not get back to trading.
Makes no sense from a business perspective.
You all trip me out with the doom and gloom.
Copy and pasting info from filings is only a repeat of what the company has consistently done for years. Giving out stock for cash is the history of this company. Now that they can't do that anymore it will all be about selling this product and generating cash. There is no other future than that.
I will continue to say that there is no reason to stay in business by paying lawyers and accountants a significant amount of money every month if they weren't planning not to trade again. Just close the doors and start a new company I would say to them if they weren't looking toward a positive future.
Wouldn't that be just stupid? Spend money, go through the process of getting re-listed and then what?
They will trade again. But I have had conversations with Serge and others because a public company should be an open book. And they were direct with the plan that you see in the narrative.
It's not like they are hiding from us. And to your post where you say you haven't spoken to Serge in a year well maybe you need to chat with him and get an update.
Read my message to Jim on the timing. No guarantees. I will say again and again why waste all of this money for accountants, lawyers, filing fees and on and on if you weren't planning on doing business again on the market.
It makes no sense for them to spend cash, for employees to take pay cuts and for Serge not to pay himself a minute salary if he wasn't planning on getting re-listed.
This narrative is real concrete information and we have to look at this and ask ourselves as shareholders does it make sense to run up all of these bills in the line items I mentioned and not trade again?
Nope.
This company will trade again. When? Well show me the money and then we will be able to see the light of day.
We cannot put a timetable on any dealings with the SEC. I would only be taking a guess. Again this document is legally worded to perfection. It makes no guarantees and remember this process takes money for filing fees and legal fees. The company now definitely must position itself to bring in revenue from sales in order to support the ability to pay for all of what's needed to get back up to trading. So if these deals with China and Korea are for real and they come to fruition with confirmed sales and collection of funds then the process will move forward will speed of the SEC.
This is a carefully worded doc that must be read several times and we all as investors need to read between the lines.
The company has to start making money now.
Dang D. That was pretty harsh. I would expect no less from this company at this point. This probably was the most carefully worded overview to date.
To me this is a plan. Pretty straight forward. Did you expect anything more?
Sure this has been a long time mess but at least this is the most comprehensive overview I have seen from these people.
None of us can change the past only the future and at least this gives us an idea of what the future may hold for SaviCorp.
He will share on Monday. So relax.
Give the glass half full folks here a break. Remember this company is always behind but the verbiage has to be in line with SEC rules and regs to ensure it doesn't lower their current status.
The company must take several steps as in filings to get re-listed. Once those filings are completed the SEC must take time to review and then respond back to the company should they have any questions/concerns or additional needs. So the process could take some time but we should hear shortly on the next steps to have the suspension lifted.
As in how much time there is nothing more than speculation. But once that process begins the back and forth continues until all SEC related issues are resolve.
Bottom line the company will trade again. Could be short in timing or could be several months. The SEC works on its own clock unfortunately for shareholders.
Can't tell you what day but you're right filings are due by Friday. But it's the filings to get back to trading that we really don't know the timing yet but that should be soon as well.
Expect to see positive activity this week. For those of you who think the company will never trade again you are all completely wrong.
Crickets...all you're going to get back from him on your request is a lot of crickets.
Sorry. I meant "fortunately" in my post. I guess some of the negative comments I've read here dropped in to my fifth cup of coffee and consumed the fingers moving on my keyboard.
I don't make predictions especially with this company. And it has never been a secret that SaviCorp doesn't own the rights to any of the products.
And I'm not keeping score here. This is not a game.
You have to look at the last several months of filings the company has made. Serge could have shut this thing down a long time ago. With the 8k in waiting and form 10 set to be filed soon it is common sense to think that the company's plan is to be actively trading at some point in the future. Why waste the filing fees, the costs for accountants to audit the filings and the costs of attorneys to do all of the paperwork to put them where they are today.
Wouldn't it be easy to shut the company down or keep paying people to remain a public company? Throwing money at this for nothing? Would they continue to test the new product in the last week if they didn't feel they could get back to doing business as a public company?
Of course they will get back to trading. Unfortunately
Yes you can hold us to this or next week for the form 10. More than likely this week to accelerate the goal of getting back to trading.
They are lining up the MM as well.
Your statements are quite inaccurate. Yes this company is a mess but do you really call a scam all of the filings to the SEC over the past couple of months?
I understand how some investors have not a chip on their shoulder but the whole bag of chips, it would seem logical to see the company's progress. As Solly stated the form 10 will be filed sometime this or next week so that is another step in the progress of getting back to trading.
Of course the moderators can't censor negative posters but common sense must be the foundation of such negative statements If you call the company you will see that they are have been testing over the past couple of weeks the new product which is showing amazing results on mileage so they are not dead.
I own over 10 million shares of this company so I'm fully invested in the positive signs they are showing. All else from a negative standpoint is meaningless.
All is perfectly on track to get back to being listed for trading. Glad others are chatting with corporate and asking questions on what they are doing to get back to business. The speed bumps are being smoothed out so we again have to hurry up and wait.
The company has to go through the process of filing specific paperwork to get back to trading. They are taking those steps.
I listed specifically what needed to get accomplished so that trading status could return in a previous post. That's getting current (they are), filing an application to get back to trading (that's what they are doing now) and getting sponsors to back up the stock which is being put in place as well.
If you just Google the process of getting back to trading after being de-listed it's right there for you to see.
Clearly they could have told us all to take a hike and they didn't. Clearly there is a plan in place or Serge could have thrown his hands in the air and gone private and we all could have been in the poor house. But he hasn't.
So follow the process.
In addition I wish investors would stop thinking that they have a "need to know" in all areas of a public company. Investors don't. That's what the filings are for on a quarterly and annual basis.
This is why I can be optimistic M because why the heck would they, after being de-listed, continue to run the business as a public company? Why waste the company's resources in paying for all of this filings, paying attorneys, paying accountants to audit those filings, why waste the time if you didn't have a plan in place?
Listen I have over 10 million shares in this company, others that I brought to the table have close to 20 million shares and if you ask as have others there's nothing else for the company to do at this time other than follow the process. That's the plan and that's where my optimism comes from.
The smoke will clear.
Stick with your gut on this one. I'm pretty sure they will move pretty fast to resolve this issue.
I would expect to hear some news this week on the steps the company will be taking to get back to trading. They would not be as active as they've been with getting current with their filings had they not had a plan. Figure this will be the week that all gets cleared up for investors.
All will be good. Just a little more time needed but the process to get back trading is going to take patience. What I haven't heard is if the Yield sign disappears when trading resumes. I would think so. But if the smoke clearing is any indicator things are looking good for shareholders of this stock.
I think the comment "need to see the dust settle" says it all.
These companies that are constantly behind on their filings will eventually end up as has SaviCorp. You can't as a company just keep breaking SEC rules and regulations and expect them to ignore the fact that you haven't done your due diligence to the agency that governs you especially if it's a public company.
It is the responsibility of the company to complete their filings on time or you face the suspension of trading. It's not getting "on the bandwagon" it's "being on the bandwagon" and getting your act in place on time.
The government's job is to not give you a break. Too many companies play that game. Well, game, set, match.
Now it's a new game and the company will have to do what I mentioned in a previous post. But you can bet they will never be late on their filings once this mess is cleared up and they begin trading again.
It all depends on doing this the right way so they can keep within the rules and regs of the SEC. Period. "Quickly" is not a word to use with this company but doing it right is more important.
What they have to do...
"Several recent cases suggest the SEC is now recommending that issuers who want to make things right should accept revocation (done), and then get two years of audited filings in order (done) and file a new Form 10.
...to get the filings in (uh huh), find a sponsoring market maker (hmmmm...), and get a Form 211 approved by FINRA (hmmmm...)."
Nothing is impossible.
No.
You're not dreaming.
Only those who believe that the nuclear option of bankruptcy is the only option are in their own dreams.
"Soylent Green is people!! Soylent Green is people!!!!"
No "Soylent Green" is not people. They could have filed for bankruptcy years ago and they didn't.
It's a process what they are doing now to get back to trading. It's unfortunate but let them go through this process. They've got a solid legal team behind them so let them be legal.
In addition we know nothing about the details of the settlement so let's wait to see what that shows.
You are correct SB. Look for details of the settlement in the upcoming filing. Whenever the next one is sent over it should have everything we all want to know.