5 days ago: Robert Cashman died... Obituary
It's not the same one (lol sorry I couldn't help myself).
But on a serious note, I agree, this is definitely a tangible company. In fact, when you compare what SVTE sells to these insanity based marijuana cafés, SVTE seems like the "safer pennystock" bet. Especially when you compare a 3mil deficit here to the multimillion losses of other pennies that keep trading in the .0003 - .0008 range. What's even more baffling is that SVTE isn't restricted to dealership sales and that little companies can surge the market at any time.
Going Concern numbers:
deficit as of May 31, 2017 of $2,563,717.
deficit as of November 30, 2017 of $2,780,080.
deficit as of February 28, 2018 of $2,943,866.
deficit as of May 31, 2018 of $3,067,432.
The flip side to all of that, probably useless, information that we all know, is that Cashman literally lives up to his name. The damaging notes in 2016-2017 really forced this Company into a corner. The lack of PR also tells me that they can't afford to be spending extra money on a company that will need to prove itself with earning numbers quarter over quarter. So you take lack of PR (or negative cease/desist PR), maxed out share structure with a potential to push for a reverse and you get a complete loss of interest here.
How much longer can Cashman, at age 85, sit in as CEO? Can the earnings turn that deficit around? Too early to answer either question I guess, but for those of us stuck in this position... the only hope is that shimmer of a turn around from rock bottom.