SARO;Better days ahead(imo)...not pumping,just trying to keep things in perspective. Based on Thursday's mini-run, I think we were all expecting some sort of big PR....instead we got a re-statement of something we already knew...so what. I don't think Fridays PR was what drove Thursdays trading...I suspect that aren't so stupid as to buy-in only 1 day before it 'pops'. I suspect something more significant is around the corner, based on my vision of the 'law of probabilities' here. They now have diversified operational 'bricks-&-mortar' holdings and construction is finally picking-up & unless people stop needing plumbing and HVAC, things are now, 'looking-up'. I know for a fact that they are aware of 'our concerns', having received an e-mail from F.B. acknowledging receipt of my 'list of stockholder concerns' to him....hopefully, these will be addressed to our satisfaction in the 'near' future.
Near as I can figure, the 'only' reason SARO hasn't performed as we all expected after the merger was that official 'proof' of their newly acquired assets profitability (especially as related to Assoc. Mech.) is required before the big $$ comes in. When will that happen ? Per their merger PR, they stated that there would be validation (not a quote) coming in +/_ 1 month from that announcement (or words to that affect). I also pulled the following off of their last (7/10) 'Proxy' statement:
VIII.
ANNUAL REPORT TO STOCKHOLDERS: FORM 10K
The Company filed Form NT 10-K, Notification of inability to timely file Annual Report on Form 10K on December 30, 2008 with the Securities and Exchange Commission for the fiscal year ended December 31, 2008, and has been unable to file all current quarterly reports on Form 10Q. The Company expects to file all current quarterly reports on Form 10Q within the next few months. All filed reports, financial statements and exhibits are available at the Securities and Exchange Commission's Internet website at www.sec.gov .
I suspect that this delay is understandable , given the fact they need time to get-a-handle on their newly acquired conglomeration.
Bottom line; I think we 'may' have to think in terms of a few 'months' instead of 'days' , before this thing 'pops' the way we all expect. I'm looking at this as a 'lottery ticket' w/ fairly good odds in 'our' favor. AIMO & GLTA
AI
