SavWatt USA Inc (SAVW)

[benosufan]

Bashing? LOL, I love it when CEO's "address" bashing. It just proves they have nothing left in the bag. They are trying to get every shareholder to hold their shares so they can continue converting notes which only dumps more shares on those folks' backs.

Here is all the info anyone needs to make an informed opinion of SAVW. The CEO lays it all out there for everyone to see.

We are raising funds through short term convertible loans; these loans when converted do dilute the stock. This method of financing is necessary to grow our business; we are not bankable and do not have a major company big brother. In fact all the shareholders should consider themselves venture capitalists. The alternative and easier solution to this is to accept a $10 million funding from a venture capital firm, give up control and 80% ownership and be subject to a share reverse and major dilution. I believe the road we have taken is best for all shareholders including myself. It provides the cash needed for operations and growth. Based on current share price and 3.1 billion shares outstanding as of today, our company has a valuation of under $1 million, as stated above our goal for 2012 is for a much higher valuation. As venture capitalists, building a business takes time and is not for day traders.

There you go, Ike say's so himself. Their plan is to convert as many notes as possible.....before a R/S. They have no other choice. CEO's lie all the time. This CEO is no different IMO. And yes, we are all allowed to state our opinions on here. Ike has no control over what he calls "bashing". LOL, CEO's address bashing as a desperate move to keep selling shares.