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Thursday, August 06, 2020 8:27:56 AM
Throughout his career, Mr. Cashman has been involved in taking 50 companies public and helped raised billions of dollars in investments whether as a consultant, partner, or corporate figure. Mr. Cashman is a highly respected figure and a legend in the finance industry, having been involved in some of the largest corporate mergers, acquisitions, reorganizations, liquidations, and public offering transactions throughout his business career.
I suppose all of that is true.. but nowhere does it say anything about him bleeding SVTE dry. Sure, he "raised billions of dollars in investments" but where did that money go? How many of these 50 companies he took public were successful? They didn't even mention any of them so we could look them up.
I still think he is a con man and SVTE has been his own personal ATM. Dont take my word for it. If you do your own due diligence you will ask yourself who in their right mind would willingly create (how many is it?) almost 9 billion outstanding shares? There are so many shares out there that even when the pumpers come in here to make their play, the stock lays there like a dead fish. You can't even give this junk away.
A fool and his money is a friend indeed.
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