Replies to post #29410 on Service Team Inc (SVTE)

[One O'Clock Drop]

And an excellent break down done by you

[One O'Clock Drop]

Sticky this please. Excellent breakdown

[CrazyKar123]

excellent nfrequent DDs hard at work

[mrcarnita]

Nice post. Thanks.

[zakattack]

Thank you for your response to the twitter live call which is a level headed and well thought out response to the call! Well detailed and this post should be stickied. New investors should read this post

[12ka]

I learned couple of things and most important is that Bob is a LIAR

no notes freeze by the end of the 2018,now January February...probably never

new 15 M dollar acquisition not even close

all he does spreads the lies...he diluted 1.5B before yesterday, add yesterday at least 500M-1B,that is 2B-2.5B shares

so all those twits for nothing lies lies and more lies

he is so fin stupid it it unreal,just look at the new notes he is getting,it is obvious he is enriching his buddies he has been associated with for years...so sad

POS

[samroux]

I would counter several things you itemize here, but I don't fully have the energy. I will address this...

6. The stock conversion yesterday was a lower level miscommunication at JMJ (one of four institutional creditor/investors), but Bob said rightly, “The good side is we have to get all these notes converted and out of the system (anyway).” The company is ultimately right sizing at the same level with share reductions regardless of when any conversion takes place. Bob even suggested some remaining convertible debt might be paid off. (If Bob can settle out the relatively small amount of remaining convertible debt one way or the other along with everything else happening in March, I’m all for it, too much hyperbole and misinformation about it.)

There is no good side to that note hitting yesterday. Had the note been held off, and assuming the terms allow for it, the company could have bought it out, which would have kept the O/S from bloating further. Even if it wasn't bought out, if the company appreciates its share price like it claims it wants to, the note then could be satisfied with say... 16 million shares hitting the O/S instead of 700+ million.

The fact that the CEO is so indifferent and would call it a "good" thing doesn't lend much credence to his desire or plan to reduce the share structure. If I were the CEO of a company, and my stock just "accidentally" added 700 million shares to the O/S when I had plans to reduce the share structure / uplist, I would be very unhappy. It also doesn't lend much credence because, now, it'd cost Bob a lot more money to buy those shares back than if he just bought back the note. Those shares, even at today's pricing, would take $245,000 to buy back.

The company doesn't have that cash. That'd represent 35% of the company's net profits. You think they are going to start chucking 50% of their earnings into a share buy back, something that does not grow the company whatsoever? No, they aren't. And if the price appreciates a bit and ends up in a 4x5 channel? The cost of buying back those shares would begin to exceed $400,000. It's not happening.

It also begs the question... how can this company have plans to sign a 15 million dollar revenue generating company (the cost of which would be significant)... AND do a share buy back? Never mind the fact that they are not cash flow positive.

It also ought to make one think; how do you actually know there was a miscommunication? Bob admitted FINRA turned him away for a reverse split, the stock was sitting at no bid, and you have mature notes. That's a recipe for... say anything to get liquidity back into your ticker.

Point is, take nothing this guy says at face value. The fact that he's talking about wanting to reduce his share structure, then has a lackadaisical attitude when a small value note turns into 700 million shares... is very telling in a very bad way.

[grantastic]

Sticky is REALLY about promised $15m acquisition.

Such an acquisition is impossible. And it serves "good purpose" to explain why it's impossible.

Just like the last time SVTE CEO promised an acquisition, it was nothing but PRs with no substance, designed to distract shareholders from the terrible management they've hired.

When the top sticky on the board is about some company $SVTE decided not to buy a year ago, it serves no good purpose.

[SkyTrader7]

Excellent. Thanks! Please sticky

[badshah]

Nice post...absolutely agree...great job Chris...under difficult circumstances for you and other longs...all the best from here on out to all longs...may the crooks fry for their crooked ways...

[jackson73]

Lets just hope Bob follows thru. Time will tell while the risk is quite minimal down here to hold with patience imo. glta

[WHITTENHALLJR]

great post THANKS CHRIS +
NF

[dheminger]

STICKY THIS MODS

[Power of Emouna]

Nice! Uplisting will require a minimum stock price of 0.01$ that's 100 times present stock price. 100 X investment ++ by June is very promising (his said within 6 months)! Took an initial position yesterday at 0.0001 thinking of buying more. Lots in pipeline for this company. Very promising!! Go $SVTE

[grantastic]

Speaking of lies:

Add the major wildfire that knocked Bob’s electricity and business line out

California wildfires were nowhere close to the DeltaStag lot. There were no power outages in that county caused by fires.

[stockyroach]

One thing I learned is not to trust Bob. After the December fiasco he has disappeared. He won’t return emails or phone calls. I have fortunately broke even, but there are others who have lost a lot. This reminds of why I don’t fool around in pink land much. The legitimate companies with CEOs who actually want the best for shareholders are overshadowed by cowardice thieves who rob poor folks blind... usually beginners who think they will easily make a quick buck. The fact is, it isn’t easy.

[grantastic]

Do you still maintain that "Bob’s electricity and business line" are currently knocked out by wildfires?

It might be time for you to face up to the reality that he's not interested in shareholder communication except when he's promoting the stock for orchestrated dilution.

Add the major wildfire that knocked Bob’s electricity and business line out

[grantastic]

When will CEO get his phone & electricity back?

Too bad he never bought one of those phones you can carry in your pocket and use outside your house

major wildfire that knocked Bob’s electricity and business line out

[grantastic]

5. $SVTE is getting “out of the convertible share environment” for good and is nearly there already.

LOOOOOL did you actually believe this?? ahahahahahahahah

From the 10-Q:

On February 27, 2018, Service Team Inc issued a 12% Convertible Promissory Note payable to Tangiers Investment Group LLC (the "Investor") in the principal amount of $23,000.

https://backend.otcmarkets.com/otcapi/company/sec-filings/12680821/content/html