Saturday, July 25, 2009 8:10:59 AM
For anyone reading this post who is contemplating an investment in SSEV, I recommend you visit the RMTD board where many posters excitedly invested in another Walters' company when it very briefly spiked in January 2008. This spike followed a reverse split in Nov 2007 and seemed to indicate the company might have some promise as an early investment in a growing company with good prospects. However, another reverse split in August 2008 (1 for 400) and increase in the AS to 5 BILLION shares dashed most of those hopes. Then, inexplicably, investors began to invest in RMTD again a few months after the August RS and as a reward for their loyalty, the company increased the AS to 15 BILLION shares in April of this year! My point is simply that there appears to be some similarities here, and, in my opinion, the same modus operandi may be in place. Read the 14C filings for RMTD in 2007, 2008 and 2009. SSEV doesn't even file regularly with the SEC and thus you won't have the benefit of even that inadequate protection. One might want to consider pocketing any profits from this recent spike just in case Walters and company are planning a replay of RMTD here.
http://www.sec.gov/Archives/edgar/data/944400/000114420407054512/v090355_prer14c.htm
http://www.sec.gov/Archives/edgar/data/944400/000114420408044007/v120000_def14c.htm
http://www.sec.gov/Archives/edgar/data/944400/000114420409014970/v143374_def14c.htm
I am only expressing my personal opinions or repeating public information from SEC filings or media outlets-which may or may not be correct. Do your own investigating before investing!
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