Past&Present, Companies change their names usually to reflect the business they're in. SaVi Media Group was the name Serge Monros had on his company which held the patents for the DynoValves. Mario negotiated with Serge and bought the patents and the name "SaVi Media Group."
Buying the non-operating public shell of a company is a faster way to get listed on a stock exchange and get access to investor capital. The other way is harder. It involves applying to the SEC and answering all their questions, which takes more time. There are public companies that have ceased operations but their public shell is of value to a company like SaVi for this reason. The shell of Gene-Cell, Inc. was acquired 8/26/02. This shell purchasing is done because it's faster and cheaper rather than a tax advantage.
This SB-2 you were reading from, filed 9/6/06 with the SEC, is the Registration Statement for the loan with Cornell Capital. After the SEC says this SB-2 has no errors and is OK, The SB-2 will become effective and so will the Cornell loan.
On page 36, it says if Cornell exercised all it's warrants, it could have 89.68% of SVMI. I doubt Mario would let them takeover, so I still think ther're planning for an early payoff of this loan to stop the sale of more exercised warrants.
FlSun
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