Replies to post #19903 on Savoy Energy Corporation (SNVP)

[pepeoil]

Here is the counter claim. It is pretty clear there have been no corrected filings, so this shell is dirty.

I am so glad to help, I just do not want you to lose your hard earned money, my little buddy

54494970
Defendants Original Answer affirmative defenses Counterclaim and Third Party Petition

According to the claim, there was some nasty stuff going on.

5.
The false statements in the financial stat
ements of Savoy related to the convertible
promissory notes of Savoy, including some or all
of the convertible prom
issory notes purchased
by CareBourn. Bertagnolli and Savoy knew or shoul
d have know that the false statements made
in the previously alleged Form 10-K/A and 10-Qs
were false and misleading at the time they
were made and omitted facts necessary to make the statement not misleading with respect to the
period covered by the reports.


""""""-6-
HOULITIGATION: 1299937.1
27.
CareBourn had purchased the convertible pr
omissory notes in question in order to
convert the notes into common
stock of Savoy and sell the stoc
k to recover its investment.
28.
As a result of the inaccuracies in
Savoy’s SEC filings, CareBourn could no
longer sell any of the Savoy stock that it receiv
ed or was to receive in connection with the
con

[lukin4winners]

The dismissal of the case is good enough in my mind. The real value of SNVP is the shell which allows the purchaser to become a public company in relatively short time and at a financial discount to going through the regular channels. At this level the risk v reward is weighted in the buyers of SNVP imo. With any volume we could break .001 which it hit on 5/21/2015 etrade chart.