SavWatt USA Inc (SAVW)

[mdimport]

There are no production contracts, hence all the $0.01 predictions while the share price sits at its all-time low (and likely makes newer, lower all-time lows).

The scam is always the same: impoverish shareholders while enriching Ike. The trick is just performed slightly differently in each instance.

In the case of GOIG it was thousands of registered companies in the Go800 database (very few were ever paid subscribers). In the case of SAVW it was 100 distributors (very few ever ordered).

In the case of GOIG it was that management had interest from Fortune 500 companies, so those company names were added to the Go800 database. In the case of SAVW it was that management had interest from government, so poles were placed in named locations.

In the case of GOIG the share price tanked 50% immediately after Go800 was launched. In the case of SAVW the share price tanked 50% immediately after the assembly plant was opened.

In the case of GOIG it was the fake LOI and Mr. Fu. In the case of SAVW it was P2i.

In both cases, the intent was to have a publicly traded entity so Ike could convert his debt to equity at common shareholders expense.

In both cases the only controller of the company was Ike Sutton, not common shareholders.

In both cases a contract from a major entity never materialized.

In both cases Ike fed certain favored shareholders mis-information to pump the share price periodically.

In both cases it became increasingly difficult for the company to publish timely financials.

In both cases the auditor and accountant was Sherb & Co.

What's missing from SAVW to date is an exit strategy. That's the methodology by which the company is reverse split and the assets divested from shareholders. In the case of GOIG it was a 625:1 "conversion" (effective R/S) of GOIG shares to GOCM (which is worthless), then issuing "clean" accounts. The "productive" assets are held in the worthless company.