Replies to post #29418 on Service Team Inc (SVTE)

[grantastic]

Excellent question which no one has an answer to, and no one wants to talk about. Not even the CEO.

Of course it's impossible, but a lot of people are stuck with losses and they hype to sell shares at break-even.

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.

[CashMoneyCarl]

Good Morning Peeps..

Hey Samroux, you do bring up a lot of good points about Chris' post, but I have a few concerns of my own.

For example you said

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.

How do we know that Bob wasn't/isn't unhappy about it? I am willing to bet that he is very unhappy about it. As for it being a good thing, I don't take it like that. I think perhaps Bob was looking for something good in a bad situation when he said “The good side is we have to get all these notes converted and out of the system (anyway).” .. which is of course true. However, what you said about buying back the notes does make sense. I would have preferred that.

You also bring up a good point:

..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?

I am concerned about this one myself. Maybe sign the LOI and take over the company, generate some income, and then maybe a year or so later start the buy back but I don't see them both happening any time soon. The money just is not there to do both at this time.

And finally:

Point is, take nothing this guy says at face value.

I don't think you should single out just Bob with this, as a good investor will question everything. I have seen other stocks where a CEO says one thing and does another. Unfortunately is fairly common. I have learned that it simply isn't true until its in writing. It would do Bob some good to post a link to something in writing about the stock buy back, the agreement for no reverse split, the agreement to freeze the notes, or the LOI for the $15M company instead of just telling us about it. I would absolutely buy this stock if that happened.

My overall point? Validate, dont speculate. I own share here too.

[LowFloatLopes]

Bob also said as much as he wants to start a buy back at this time it’s impossible ...he’s been nothing but straight up with us imo