SaviCorp (fka SVMI)

[flsunchaser]

Okay Anthony, they should have made the late filing November 20th. Now they're late on the late filing. The OTC Bulletin Board, which SaVi is a member of in 'errr' good standing, will give SaVi 30 days before they'll delist them to the pink sheets with the other pinky pennys. That's gives 'em till December 21st. If they're delisted that'll be another thing that'll keep the stock price below 1.3 cents so the "get a rid of Cornell Option" will still be wide open and it would also put SaVi in default with their agreement with Cornell. So, all that stuff SaVi agreed to with Cornell will be out the window which would be a shame right at Christmas (what would we have to complain about in January) but then, the big bad wolf, Cornell would want their money for sure or else. That's when the tall Texan friend of Greg's, will get off his white horse and writes a check to Cornell and the rest of us will yell yippee, I think. Why not? Christmas is coming and mine is not going to be spoiled. Don't you believe in Santa Claus? Santa has to come in through the central air conditioning ducts in Florida but Santa does it. (this post is rated "okay for kids") Sometimes Santa runs into a house with a wall unit A/C here in Florida, so he just pushes it in (and puts it back when he's leavin of course and in fine shape) cause he's gotta deliver the gifts for the good boys and girls that UPS and FedX didn't already. You understand, I'm sure.

Well okay, now back to poor SaVi, Anthony and this 4.9% Rule you like so much. Ho-Ho-Ho. What follows is a cut'n paste of the 4.9% Rule directly from the SB-2:

"The investor has contractually agreed to restrict its ability to convert the debentures and receive shares of our common stock such that the number of shares of common stock held by it and its affiliates after such conversion does not exceed 4.9% of the then issued and outstanding shares of common stock."

The 4.9% Rule is designed to prevent too much dilution at on time by Cornell excising too many of their warrants at one time to create common stock which they could then sell in the market. Too much at one time could disrupt the market in SaVi, create panic selling in the stock and literally a crash for poor SaVi's stock. Look at it again and you'll see the whole sentence describing the 4.9 % Rule pertains to converting part of the debenture to common shares (with the warrants). No where does it say SaVi couldn't give them 30 million common shares or make the loan payment in common shares because neither of those represents dilution which the 4.9% Rule doesn't prevent, it just prevents dilution from happening too fast. How do you like that? (I hope you do)


I always leave all the homes in sunny Florida in good shape, just like I found 'em. Ho-Ho-Ho.

FlSun