The History of NVAE. People new to the NVAE board should be aware of this company's history.
There are links at the bottom of each PR that you cannot click on because the Articles were removed from those sites after they were proven misleading and/or false.
Pushing over 650mm shares traded, possibly diluted into the market since November and it still sits at no bid. This makes the updated SS and dates a little hard to believe. 425,036,894 O/S as of July 26, 2011.
This is taken from the article: DALLAS, TEXAS, U.S. — Regus Advisors Inc. announced on April 7 that it has completed an agreement to provide its professional advisory services to (AIGI) Algae International Group Inc.
for the development of their first $2 million Algae2BioFuel limited partnership venture in California.
LOI's are worth less in pinkyland then the paper they are wrote on. Condom Facility ring a bell here??? They making condoms out of algea now?
Dallas, TX (PRWEB) July 25, 2012 Savanna East Africa, Inc. announced today it has signed a Letter of Intent (LOI) to acquire Algae International Group, Inc. (AIGI) http://www.algaeplanet.com a private Nevada Corporation that's business plan is to produce high grade Biofuel from Algae. The LOI is a non-binding agreement allocating an exclusive period for the parties to negotiate towards a definitive transaction terms.
How about all the other "Condom Plant" acquisition PR's they issued that just repeated themselves for over a year as the PPS gradually went down .0001. Lesson is, don't deny an inconvenient truth in order to accept a reasonable lie. Stating facts is not 'bashing'. Denying them is 'pumping'.
FYI, Phillip Verges initiated this acquisition campaign up thru the August 23rd 2011 PR below.
Back then, several here were denying his involvement with the company. Now they state they are communicating with him through email, phone calls and now Blogs.
May 18th, 2010 Nova Energy Announces Savanna East Africa LTD LOI and Escrow Agreement on Purchase of Palm Healthcare International Nova Energy Announces Savanna East Africa LTD LOI and Escrow Agreement on Purchase of Palm Healthcare International LTD, nvae.pk Quote: Earlier this year, Nova announced a business plan expansion into diversified industries in East Africa. Savanna East Africa LTD was formed to facilitate acquisition and business development in East Africa. www.reuters.com/article/2010/05/18/idUS142971+18-May-2010+MW20100518
October 28th, 2010. Palm Health Care International, a condom manufacturer in the process of setting up a plant in Nairobi, has received an Sh80 million ($1 million) equity injection from America-based venture capital firm Savanna East Africa. Sanjeev Gadhia, an executive director of the company, said Savanna East Africa will also bring in technical expertise to the start-up company as part of the transaction. "The money will be used in getting the plant fully operational and the purchase of raw-materials and working capital," said Mr Gadhia. "The plant is already in Nairobi and will commence production in the first quarter of 2011." allafrica.com/stories/201010280790.html
March 10th, 2011 Savanna East Africa, Inc. today announces the acquisition of Palm healthcare Ltd, the second of three planned acquisitions pending. Savanna is a fully-reporting Company with audited financial statements. Earlier this year, Savanna launched a business plan expansion strategy directed at acquiring and developing a portfolio of high growth potential operations in Africa. The acquisition today marks the second acquisition after months of preparation. Management anticipates rapidly executing an additional acquisition. The three acquisitions are expected to substantially contribute to Savanna's $10 million in revenue anticipated in 2011.
The Nairobi-based company Palm health care Ltd is a condom manufacturer poised for rapid growth in the condom manufacturing business. Palm healthcare will expand Savanna's operations in Kenya. Savanna East Africa has acquired a majority interest in Palm healthcare Ltd. www.pr.com/press-release/304223
Jun 30, 2011 Savanna East Africa, Inc. plans to finalize the acquisition of a healthcare sector manufacturing company in July and announce two new acquisition letters of intent. finance.yahoo.com/news/NVAE-Savanna-East-Africa-iw-2676201473.html?x=0&.v=1
August 23, 2011 Savanna East Africa, Inc. today announced the acquisition of fifty-one (51) percent of a condom manufacturing company headquartered in Nairobi, Kenya. The plant is currently in pre-production, though construction of the facility and manufacturing equipment is almost complete. The manufacturing facility's original founders ran short on the funds necessary to complete construction. Savanna East Africa stepped in and acquired the majority interest in the condom manufacturing company in exchange for a commitment to fund the balance of the financing required to bring the plant on-line. www.otcmarkets.com/stock/NVAE/news
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