Just a terrible looking situation, but as oversold as it is, it should bounce, was as high as .0039 yesterday. Filed an 8K admittied frudulent statements regarding patents, and the responsible directors resined.
Play it if you like high risk situations.
Posted by bilgert on :
Indeed will, it's hard to ignore that oversold condition, even with the rather daunting filings.
We only need remind ourselves that BANY with it's near-equally grotesque filings (i.e. an open SB-2 for 2 billion from 4/06) ran from this level to almost .01.
It's interesting to note that the latest 10Q for BANY reported an o/s of 484,281,357 for 11/06- pretty similar to that of SVMI.
Also, several of those warrants issued by SVMI are only exercisable when the PPS is fairly high. See below:
I didn't bet the farm on it, but I dipped my toe in the pool at .0015.
Posted by cactus33 on :
been watchin this one, bouncing from .0015 now.. bid stronger. if it tops .002 it gould go maybe imo.
jmho
Posted by Time2drum on :
This one's a tough call. Played it before and made a little / lost a little. The problem with this puppy is all its many unfullfilled promises and carrot dangling in the past, not to mention the outragious dilution. I think the actual figure is well over 1B now. In the last 8K alone, they issued 418,350,000 shares to settle debts not to mention the 100M given to the new CEO. If that isn't bad enough, they agreed to pay the new CEO $10K a month and the new CIO $5K a month that they DON'T have. More dilution on the way? Also, the newly filed lawsuits which no doubt will put a financial drag on the Co. This is another one of those could have been / should have been stocks / companies, like RSHN, etc. Hey, with the Dyno Valve Patent, you never know, this might go to the moon?
![[Roll Eyes]](rolleyes.gif)