Confused is only the beginning when looking into how Cloudeeva erupted from a “skull & crossbones” issued Systems America. In fact, in the last filing that the “most diversified and respected partners of Salesforce.com” (their words, not mine) actually created, not one of the 8 wholly-owned subsidiaries of the cloud providing was named anything remotely close to Cloudeeva.
Then the interesting part of looking at both of the live websites makes you scratch your head and wonder, why is there still a site for the old company and why didn’t they ever complete filling in all the pertinent information in place of the default text which comes with a wordpress site? They seem to have not only done that on the Cloudeeva site, but they took it one step further and created a “buy SYAI stock for dummies” type investor presentation as to how spectacular the puff of smoke their cloud really is.
What really sent SYAI stock into a frenzy in November was the submission of S&T AG for a voluntary takeover by Cloudeeva. Formerly called Quanmax AG, the supposed 1,500 employee sized, proprietary technology focused company, the plan is supposedly for the deal to be concluded by January, 2014. Perhaps, since they are talking about throwing €118,000,000 to take over S&T AG, they might be able to pony up a couple grand and get their filings current as well as redirect dumb money towards the newly created site which sells the sizzle.
Cloudeeva, Inc., fka or still known as Systems America, Inc., is a development stage, global cloud services and technology solutions company.
Bottom Line: Per their last fling for the nine months ended September 30, 2012, SYAI had booked $2,536,111 of revenues and had $853,641 in cash on hand, 4 stacks of 8.5 x 11 paper for the printer and 17 dozen pens of various colored inks. If you are one of those penny stock traders who got into the SYAI stock boat above 0.02 and think you’re gonna be sailing towards a dime or better, there is some ocean front property in the Southern portion of the Philippines for sale which has some beautiful views of the pacific which you might want to consider.
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