SaviCorp (fka SVMI)

[bly03]

DFW (and others),

Although I have a sizeable position in SVMI (and therfore have no incentive to "bash" it), I freely admit that I am in the camp of not being overly thrilled with today's PR.

DFW, You stated that you are betting that 30 days and the first stage is done. Then, in my opinion, why not wait 30 days and then issue a PR that states "we have completed xxx" rather than issuing one today that states "we are diligently working on xxx"?

Several posters expressed an opinion that now that it is in writing in a PR, it is now something that we can hold the company to, more so than what was stated in an open house. I don't necessarily agree with this viewpoint. The safe harbor statement in PR's essentially means that there is no legal accountability to much of anything that was stated in the PR, particularly when the famous weasel words like "believes, "anticipates", "expects", etc are used. You don't have to look very hard in the world of penny stocks to find PR's full of statements of what a company expects, believes, or anticipates will happen, but never does actually happen, yet there is no negative consequence to the company or CEO for these statements.

You can already click on a link to Serge's radio interview where he essentially says much of the same stuff that is in this PR, so there already documented evidence of most of it. Therefore, In my opinion, today's PR added very little value.

With that said, I also understand that shareholders are always anxious for "progress reports", and I believe that Serge's intentions were good; that he was looking to give the shareholders the progress report that they wanted. In my opinion, a beter way to do this is through the Investor Relations section of the company website. You could have a "letters to shareholders" section, or a "weekly update", or whatever you wanted to call it, where more informal progress updates would be completely approprate. However, in my opinion, a PR should be reserved for more newsworthy events that you have completed, not events that you expect, anticipate, or hope will be completed.