Saean Group Inc. (SEAN)

[Penny Heaven]

It is silly to say that a company has to be debt free to issue audited financials. The SEC? Maybe you don't understand the SEC's function?

Dilution?

This is why it wont happen....Every time the company issues shares either 504, 505, or 506 they must file a "notice of exempt offering of securities" with SEC.

http://www.sec.gov/cgi-bin/browse-edgar?company=continental+prison+systems&owner=exclude&action=getcompany

This isn't happening.

People that don't understand this company have said that Ron Hodge, Gregg Hodge and James Sylvester are part of the trust this is not true. They have the same incentive and shareholders which is stock appreciation. Here is the ownership of top management.

Ron Hodge 1,259,881
Gregg Hodge 380,791
James Sylvester 386,172

At the 2013 shareholder meeting Ron issued himself 73 million share (pre split.) A lot of shareholders including myself didn't like it but it is proof that management is going to make their money from stock and NOT by fleecing the company as has been stated here before.

Also, it is not correct that "it was stated at the annual meeting that they could not pay for the audit". Like other fast growing companies, management had a choice-either pay of 40 kiosk for kern county or audited financials which cost in excess $100k. Management felt that the intrinsic value of the company was better served by the new business.

I feel that people that buy at these prices will be up more than 20 times their money in 2014. I guarantee that 2014 will take out 2013's high of $2.30. Mark this post.

Go GPSI!!!