Replies to post #35802 on Service Team Inc (SVTE)

[A2DaZ]

If you’ve dumped $100-200(lotto) into this for a long term hold then it might be worth your while. Too many folks got burned in this with millions to ten millions+ of shares over the years to nothing but holding bags and taking losses. A few might say otherwise that were part of Cashman’s p&d schemes... Perhaps from a private business standpoint it’s “operationally” doing fine, but the scumbag Cashman is filling his pockets from a public standpoint with investor funds. It’s simple for him— Just keep up with filings and stay current, and pile on debt. As long as he’s showing his fins, then it must be “okay”. This company has a failed niche to begin with. There are several big trucking/body companies in the US and abroad already trading publicly and doing this. Nothing new here...

[-NightTrain-]

My thoughts as well in this one. I have a few million in a bag I'm holding. I like that it's a real company.

[MindlessSelf]

I invested for those very reasons. I figure for a high risk 0.0001 those are darn good reasons to go with SVTE.


The problem is stag trucking was always earning revenue. When Cashman took over, he did not change this fact. Instead he starting making toxic loans off the back of a legit company and only drew them further into debt. He is borrowing more than they can produce so it is very deceiving.

Then he staged fake interviews of how the toxic loans were going to stop, that existing ones would burn off this year and that he was going to repurchase I stock buyback. None of that happened.

Then he got 2 cease and desist orders for stock fraud and is banned in doing business in 2 states. He did not co test the charges and paid the fines.