Berry you need to ck my post 3668...I agreeded with you....I also have a ton of thoughts that have not totaly forumlated. In some ways I am amazed this company is still together and in others I wonder why savi has not started turning a profit.
At one point I felt someone holding a 100,000 shares would see a nice sum of money 5 years from now. But if 6 billion shares go into play it will take billions in annual revenue for that to happen.
Does this company have a product line up to produce billions? Can this company be a major player in world wide sales? I have never felt I was buying a penny stock company and I don't feel that way now.
If the Cornell deal is not taken out soon this stock will turn into Mario's nightmare and if not a daytaders dream then a swing traders dream. This could go on for 2 to 3 years even with revenues in the billions.
In the early 70's I caught a stock that would run from 3 bucks to 8 and back 4 times a year for 2 years. I played thousands of shares at a time. I walked away on the correct side of the trade every time. I want to hold savi long run but this new twist has me thinking in other directions. I hold enough shares I can play with half and hold with half. Mario's nightmare could end up being a whole bunch of fun !!!
This has to be better than going under...at least we have a chance. Not what I was hoping for but still can make some money and start getting in and out with the rallies...not my usual style of trading...more of a long, but...whatever.
berrybck...after settling down from being very pissed at the dilution, that is the conclusion I came to also. I hope that Mario has explored all other options and that this deal with Cornell was only the last resort before going bankrupt. If he has gone thru this process then I support him 100 % !
People that have never been thru this have no freaking idea of what it is like to be on the verge of bankruptcy and then have someone step up with cash to keep your vision alive.
I know because I am going thru this but unfortunately I did not have someone step up with cash so my business is closing in 6 weeks.
So lets give SAVI some time to show us that they care about the business and are going to make it happen.