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Tuesday, March 01, 2011 7:33:13 PM
http://xtremepicks.com/archives/2910
We have another feature to revisit that looks to benefit most from the change in the short selling rules, enough so that we are looking at a major short squeeze just about to trigger!
NVAE, with only 19 Million shares outstanding , the short volume is incredible matching with just over 19 million shares shorted since Dec 2010 - a critical mass that looks to trigger a short squeeze any day now.
NVAE last traded at $0.008 up 33.33% today, definitely showing that the short squeeze looks to be already in play - keep your buy button ready tomorrow morning, we expect the short squeeze trigger as early as the pre-market!
NVAE may be a short squeeze play at critical mass, but fundamentally NVAE is just as strong and well diversified – definitely scaring off any shorts wanting to bet against the company:
Savanna East Africa Partners
NewMarket Technology Greenfield Program
NuMobile, Inc.
China Crescent Enterprises, Inc.
Savanna East Africa (SEA) is pursuing several business lines in the growing economies of East Africa, initially in Kenya. SEA is developing opportunities in the region to include initiatives in technology and systems integration services, utility support services, affordable housing and health products manufacturing.
SEA’s initial focus is in Kenya, with plans to expand in the region. Kenya already has a fiber-optic cable infrastructure in place, and two submarine cables have gone on-line in the past year, with a third one, the East Africa Submarine System (EASSy),that launched in July 2010. Prior to this, the country mainly depended on costly satellite communications.
The increase in connectivity to the region is expected to increase communication stability while decreasing costs and pave the way for further economic growth in the region. As the region’s technology and communication infrastructure grows, SEA plans to position itself to provide the high-quality, affordable technology products and services needed and to tap into other high-growth industries such as health product manufacturing and housing development.
Additionally, the Company is continuing to grow its pre-existing oil and gas reclamation business in conjunction with its expanded and updated business plan pursuing several business lines in the growing economies of East Africa.
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