Service Team Inc (SVTE)

[samroux]

The problem for me is that, while the company generates revenue, it fails to be cash positive. It's always operating at a loss, and then it seems they sell shares as a means of paying themselves a salary (namely, the CEO).

And this is, as history stands, what the CEO has done; false promises to rally shareholders, then heavy dilution. There was some excellent DD by a member here that outlined the unscrupulous history of this CEO and his stock.

Now, the bid size is dwarfed by the size / conversion rate of toxic notes held by the likes of Tangiers. We're talking billions of shares. For any investor that believes in this company as anything more than a pump, I can't see why (and they haven't) they would want to bid 2's or get involved at all.

It's very possible the bid gets crushed to dust before the end of the month. And while I hope this isn't the case and investors here can get back their money, there's nothing the CEO has done in the history of running this company / stock that would suggest it's going to get better.