SVNP is in the gaming industry. They own licenses to operate an internet casino and sportsbook using the Chimera 2 suite of products, platforms and applications. The licensed technology includes a management reporting system and will be run from Costa Rica. If you are not similar with Chimera it is the best. The same as WGMGY software and look at there results. Please read. CNOC Chimera: http://biz.yahoo.com/bw/050808/85713.html?.v=1 .
SVNP reported wagers of over 2 million dollars in the first month of operations, and the Website was not even open to the public for the majority of the time. I hear expectations for this month are 5x that. And the house always wins. In addition they will be implementing there poker services another potential revenue generating feature. More wagers= more potential for profits. All I have to say is WGMGY and SVNP has a Float of only 1.3 million. All the shares are restricted for one yr.
Take a look at the 3 month chart on SVNP and how it is starting to move. http://tinyurl.com/blfyq All green days, the last six, support and the chart have been building. Its about to break 1.50 and open up, MACD has turned, Vol. steadily building, however lower today I do not suspect you will see that for long. RSI, ADX positive and divergent. Straight “ATM” chart. LT hold. Going much higher, imo…
Posts: 14 | From: Philadelphila | Registered: Aug 2005
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Seventh day Green! volume could have been better today as it has been previous days, still sweet. I suspect this will not stauy under the radar for much longer as stats and potential are incredilous. Reminds me of many other 'ATM' stocks before the really breakout. When I use that term I am simply refering to the chart and how it has been building ever so slowly gaining some momentum each day as the chart depth increases. The MMs inventories are apparntly low as the float has been comfirmed at 1.3 million shares, thus there is a battle for the existing inventory since it is a new issue. Makes for an interesting mix. Throw all that in with the co have a viable product, the same internet gaming that WGMGY runs chimera 2 and the powerful clients to spend money via the site = wagers. You have a success. Looking forward over the next few weeks for more developments as stated in the Co's. first PR.
Posts: 14 | From: Philadelphila | Registered: Aug 2005
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SVNP moving forward and breaking out here, as the chart keeps building. This wants more, looking for the 200 ma next!
Posts: 14 | From: Philadelphila | Registered: Aug 2005
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Another Green close for SVNP as the chart continues to make new highs. The gaming sector is Hot, look at FGAM and WGMGY to name a few, however SVNP is a new issue with 1.3 million float and there service are just being implemented. Now they will have there poker feature online. 2$ million dollars past through the site last month in wagers. In addition the WTO, World Trade Organization is putting pressure on the US to make online gambling legal. (I would not count on this to be a factor in the Online gaming industry thought.) This one has potential form here as it strives for the 200MA and even Has wireless Gaming partnerships. Hearing this months online wagers are Bananas and still all the Companys features were not installed!
Posts: 14 | From: Philadelphila | Registered: Aug 2005
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I think $100,000 may get this to $2 or very close to the 200ma. Once those realize the growth in this Co. and the amount of clients Dollar value they are bring in, they will see the value. Looks like another solid day and green close, as this will push into the 1.60s this afternoon. Steadily rising everyday. I sit to 2.5 + when it really hits, imo
Posts: 14 | From: Philadelphila | Registered: Aug 2005
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Today SVNP (777 Sports Entertainment) launched their online gambling site.. look for a Press Release coming out soon talking about the number of new subscribers, profits... etc you know what I'm talking about.
They are also going to privide mobile poker I think, things like that should get the investors excited.
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I did some research on this stock and I will buy some shares as soon as possible.
I contact James Cheung (CEO) and he said they will be releasing a PR next week about their August income! And he said that during the past month buisness has been better that what he thought it would be.
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