Replies to post #64368 on SavWatt USA Inc (SAVW)

[hemp_man]

Quote:
"Seriously, regarding the pps and the dilution up to this point: What did you expect coming straight out of the gate and 5 months into operations? Contracts to be waiting, laying at SavWatt's footsteps? Tough lesson, cowboy up. Any small business has a couple of financing options available to cover costs, like payroll and the Wicomo building retrofit"

There are hundreds, if not thousands, of non-publicly traded Lighting/LED companies making a go of it. They are generating revenues and making sales and covering company expenses with those revenues.

SavWatt has been pushing their products since the Summer of 2010 and have yet to show any significant revenues, contracts, sales in the first 18 months of operations.

Quote:
Or a private placement, such as the one advertised last week (DD Post):
http://newyork.citybizlist.com/18/2011/6/27/SavWatt-USA-Launches-1M-Offering--cbl.aspx

Sorry to inform you but that advertisement was from June 2011...not last week. The 40 workers they were supposed to hire for the factory was actually about 8, provided by Humanim....and we now know how all of that worked out.

The $10 million in projected revenues in the first 12 months as mentioned in the article was from a May 2011 PR. How is that working our for you?? Ike has about 5 1/2 more months to prove that statement was not completely fabricated....which it was. In the May PR that statement came from he was touting SavWatt signed up 100 distributors at the Light Fair show and those distributors would purchase $10 million. Problem was SavWatt never signed up anywhere near that many distributors from the Light Fair show as can be seen in the 2 10-Q's that have been released since that article. Just another fabricated story for Ike to dilute, dilute, dilute.

That seems to be the only good thing Ike can do....DILUTION.

[saddis12]

Excuse me if I have a strong opinion and believe in the company and its ability to exploit a relatively un-tapped market

The only exploiting going on is that of investors... I just didn't realize they were an un-tapped market... but thanks for asking. As I explained many, many times, I have never bought here, nor do I intend to. I don't come out to bash either, I was invested in Ike's previous company, and after seeing the farce that transpired there, I am interested in seeing how this one plays out... that is why I follow.

I just respond to some posts that are so ridiculous I feel I must respond. Your provide these long DD posts that are not truly facts. Fact is... mass dilution and price is at .0008. Positive fact is placement of Eco Poles. As an "investor" (that is what flippers call themselves until it shoots up and they flip)... but sure you are here for the long term right... as an investor the return on investment is what most people would be concerned about. That is probably the most important thing. If there are 500 contracts and the PPS is at .0001... not a success for stockholders.

So let us think... there was a 10Q released and about 3 updates/ammendments to it... very professional. There were 2 (E)s added, or 1... or 1 and a half... whatever you want to say, still not a big boost. These are facts...

All I am noticing... is a lot of the same people and same broken promises have been moved from GO*P over to SAVW business. If you connect the dots you can see the names of these people associated with Ike are always connected to his failed companies.

But hey, great company with a great leader. You asked a question earlier... why don't u indulge me in these questions... and let us keep it as close to yes and no answers if possible.

1. Has Ike ever been CEO of a company that has been successful?
2. Has Ike ever been CEO of a company where the stock price sits over $1 (where this is going apparently). Actually how about .01... actually how about .005?
3. Are you satisfied with all the dilution up to this point?
4. Are you satisfied with the current stock price?
5. Are you satisfied and think it is a success for shareholders seeing the price go from .10 to .0008?

Think 5 is enough for now actually... I honestly just want to know your opinion. My being here is not to sway anyone... I think enough DD has been provided about the CEO's history and the continued path of destruction he appears to be on. If people want to invest here... by all means, best of luck. I am just truly interested in your answers to the current state of the company! Anyone else is welcome to answer!