Supatcha Resources Inc. (SAEI)

[janice shell]

SAEI CHART DATA shows a pps of over 1.00 in july and then collapses to ?? sub-pennies and with little accumulation begins its nascent in sept.oct.. please fill me in on your theories of WHY the pps tanked completly...

It did a forward split. According to Pinksheets, the company paid a dividend this summer, with an ex date of 1 July and a pay date of 30 June.

http://www.otcmarkets.com/stock/SAEI/company-info

According to the company, the dividend took the form of a 5:1 forward split:

http://www.stockwatch.com/News/Item.aspx?bid=U-prLA54224-U:SAEI-20100824&symbol=SAEI&news_region=U

Oddly, though, it doesn't show up on the Daily List:

http://www.otcbb.com/asp/dailylist_search.asp?DirectSymbol=SAEI&OTCBB=OTCBB

It did go through, though. In its Q for the period ended 310 November 2009, the company said the o/s was 12,200,000 shares as of 13 February 2010:

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=7052563

In the K filed on 14 July 2010, it reported that the o/s was 61,000,000 shares as of 9 July 2010:

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=7359515