InvestorsHub Logo
Followers 16
Posts 1445
Boards Moderated 0
Alias Born 04/12/2018

Re: dshade post# 9864

Sunday, 11/10/2019 10:04:39 PM

Sunday, November 10, 2019 10:04:39 PM

Post# of 18345
Lets just stick with the last statement from Korea


Quote:
Shareholders of Saean! How are you?

The cold air of the morning marks the beginning of a hard day.

On the 31st of last month, we made our first big deal worth 120 billion to 200 billion won for the Quantum Jump in Saean.

You might have already seen the news from several articles.

It is to establish a JVC-like corporation that is made up of Saean's technology and the capital of Naunuri Information.

This technology has already been proven by Lee's long-term test of a small truck running 20km from Cheoneun Temple in Jirisan Mountain.

I'm not sure of JVC's equity ratio in this, but this JVC type of investment would probably be the most ideal form for Saean.

It's nice to have hardware (large production facilities), but even the biggest global automakers have suffered the most from their initial investment in setting up a production plant.

Once the production facility becomes visible under this agreement, I expect Lee will use this as a pick-up point for completing various projects that have been underway worldwide.

We hope that these global projects will be followed by JVC-type investments that will secure stakes or distribute profits from the sales of EVs based on Saean's technologies.

But now we have to focus on stock swaps, OTC registration in the US, and the completion of small heavy equipment projects in Japan.

In addition, the purchase price mentioned in article 285 regarding the transfer tax announced by Saean (the stock price mentioned is expected to be the purchase price of Saean Inc in the US, not the purchase price of over-the-counter shares in Korea) is being made in consultation with various agencies.

After the decision is made, shareholders who have transferred shares to Saean in Korea will be required to file a report on the transfer tax.

Since we have completed the administrative process of registering OTCQB in the US, we can wait a little longer.

However, since no one in Korea has ever done this before, it is expected that it will take more time to review other administrative settings for smooth trading in the future related to individual shareholders other than OTCQB registration.

After OTCQB registration, we expect all to be completed well within the restriction period.

And we expect the announcement of this contract in Mokpo and the upcoming contract from the small heavy machinery project in Japan will be well received by OTCQB.

If that happens, the move to Nasdaq will be easy, and the ultimate challenge is to prepare good materials for Saean Inc to launch on the Nasdaq.

Once these good materials are ready and supported by our US investment partners, global funds will enter Saean Inc, NASDAQ will set a new record for Saean's Quantum Jump.

In my next few posts, I'll recap the story of Saean's leap for Quantum Jump on NASDAQ.

(P.S.) Currently, most of Saean's shares are already in the company's account. So it's almost impossible to trade them over-the-counter in Korea. But, there are still some shares being put up for sale.
There was a selling order on the over-the-counter stock exchange at 8,000 won per share. Considering the effect of this Mokpo contract, this price will be the minimum selling price in the future. There seems to be a lot of words in today's writing: prediction and outlook. But as we wrap up one by one, we're going to be the history of Saean, which is going to be a story, not a prediction. And after reading these, I would like to ask for comments of encouragement and support.

http://www.ipo38.co.kr/forum/?o=v&code=268400&no=803&page=1
Join InvestorsHub

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.