SaviCorp (fka SVMI)

[DFW]

Here is one that will make you think........My first post on I-Hub...

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=11101770

Saturday, May 13, 2006

A few years back there was a reverse split 5 for 1 leaving a total of 201.26 Million Shares Outstanding with the Float being 106.18 Million Shares. (This would mean the company has at least One Billion Shares Authorized) The price at that time was mid 30 cent range volume under 100 thousand.May 2005 stock price at 16 cents but dropped to 8 cents even with the General Haig story. There was PR out that summer and fall and winter.....Jan 06 stock price below 1 cent and volume jumped to range of half million shares a day. I bought in Feb at .005 and again in Mar at .004. The Float was still 106.18 Million Shares and volume had jumped up to millions of shares a day.Mon Mar 27th stock closed at current high of 3 cents .....and then started drifting downward. I noticed on May 5th that the Outstanding shares changed to 292.11 Million shares an increase of around 91 Million Shares and the Float increased around 48 Million Shares to 154.12 Million Shares a 50 per cent increase in shares.


Having said that it seems to me the company stopped the upward trend at the time by pumping more stock into the market.....My Questions....


Does anyone know the date that stock was put to the market? (I have a guess)


Why did the company raise money by devaluing the stock holders equity?


If the Company has a Billion Shares Authorized will they continue to to devalue the current stock holders equity by putting even more stock to the market?

TO UPDATE>>>>6 billion authorized and one billion 45 million outstanding.....that's just 4 years...

Between cornell warrants and preferred stock all of the 6 billion is spoken for.....


LOL http://investorshub.advfn.com/boards/read_msg.aspx?message_id=11275807


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