posted
Shortermemory.. in my haste and panice I overlooked one, very important thing on Friday. Thank you for the headsup on this. I would have missed it and been screwed. Knew it was coming, but was rather taken aback by the speed. Thanks to you I made a timely exit.
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Not sure what it will do on Tuesday (17...will it start trading again that soon? Usually takes like a week or so ), but once they start recovering stuff from that CBNS-3 site -- no, before that -- the stock will head North.
I just don't know what will happen between then and now. Anyone know how r/s work right after the split? Isn't there a good bounce play?
-------------------- May your trading build your character as well as your portfolio.
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quote:Originally posted by Thorn: Not sure what it will do on Tuesday (17...will it start trading again that soon? Usually takes like a week or so ), but once they start recovering stuff from that CBNS-3 site -- no, before that -- the stock will head North.
I just don't know what will happen between then and now. Anyone know how r/s work right after the split? Isn't there a good bounce play?
It can be good immediately after the split, mainly because none of the previous holders can sell until their shares are transferred. But don't stay long because they will all dump in unison in a couple of days.
-------------------- I just want to make enough money to be eccentric.
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Svxa may be correct. Maybe. The new stock might make it up to 8 cents or so... but what does that matter, my holdings are reduced to 200 shares, so that's 16 dollars. Or less. It most likely will be sub penny in days anyways. And I said before, watch the insiders sell off billion/millions shares in the next 2 weeks. I wondering if sprouse and cavan were reading our forums and saw that a number of us had the r/s pegged even before the december filings.... naaaaaa. Too bad those pirates won't be sinking with the ship. I started to keep a running company officer list and if these names show up anywhere else I know to play fast and furious with the moves. S5
-------------------- Eagles may soar, but weasels don't get sucked into jet engines....
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Golf, sorry you missed it. It was brought up on this thread many times before about the pending r/s. That, everyone here knew was going to happen. Then, thanks to someone's good dd, we learned that it would happen by April. Next.. along comes Friday afternoon and we all get a post from shortermemory to get out immediately, with a link to the r/s notification.
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Sovereign Exploration Associates International, Inc. Announces Reverse Stock Split to Improve Value by Positioning for Long Term Growth and Investor Value
NEWTOWN, PA.--(BUSINESS WIRE)-January 16, 2006 - Sovereign Exploration Associates International, Inc. (OTCBB: SVXP) announces a one-for-one, one thousand reverse (1:1000) stock split effective 9:00AM Eastern time, January 17, 2006. Effective January 17, 2006, Sovereign Exploration Associates International, Inc.'s trading symbol will be changed to OTCBB: SVXA.
"This reverse stock split represents the next milestone in SVXP's overall plan to achieve maximum shareholder value," stated Robert Baca, CEO of SVXP. "On October 17, 2005, the Company completed a stock exchange agreement with CALI Holdings to position Sovereign Exploration Associates International, Inc. as a publicly traded company. The agreement requires that management execute a reverse split as part of the term of that agreement as stated in the 8-K dated October 17, 2005. We believe the new share price after the reverse split will improve the Company's position in the financial markets, and enhance its ability to attract individual and institutional investors to fund the expansion of the Company's multiple recovery operations."
Management has analyzed similar companies in the market, and feels the reverse split will allow for a more accurate market value of SVXP. Monies invested in SVXP will be primarily spent on recovering lost cargo, not searching for it. When compared to the market capitalization of comparable companies searching for potential wreck sites, management recognizes that SVXP has tremendous unrealized upside value, having already located 12 valuable ship wreck sites.
Curtis Sprouse, COO, further states "The reverse stock split paves the way for our Company to ultimately apply for listing on the American Stock Exchange (AMEX), and which will allow management to pursue more favorable funding mechanisms."
Each 1000 shares of SVXP common stock outstanding and held by each stockholder of the Company immediately prior to the effective time shall be reclassified and combined into one share of common stock automatically and without action by the holder. No fractional shares of common stock shall be issued as a result of such reclassification. In lieu of any fractional shares to which the stockholder would otherwise be entitled, the Company shall round up to the next highest share number. Following the reverse spit, the number of shares of Common Stock issued and outstanding will decrease to approximately 26,200,000.
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"This reverse stock split represents the next milestone in SVXP's overall plan to achieve maximum shareholder value," stated Robert Baca, CEO of SVXP.
Uh, as for you poor souls (aka) shareholders, whom we just screwed.. well..
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I peronally no longer care if this company does get that so-called pot of gold I will never-ever invest in it again. All those many, many people who believed in the company's ideals, plans and dreams were just screwed. Fotunately I got out just in time.
In addition, there is a matter of credibility. Yea, we all knew about the r/s, but it's the way in which it wentt down that bothers me.
These people.. geeks/nerds/crooks.. are NO Mel Fishers. I am honored to have known Mel, and though he was a character, one thing was true and comforting.. he was honest and concerned about his investors. And -- he had experience.
God knows, he made some extreme sacarifces going for his dream.
These total sob's are in it for a quick buck, and screw everyone, every country, and everyone else but themselves!!!
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One other thought -- this company has stated that it KNOWS where the riches are. Okay.. is it a matter of gas money? Heck, we'll chip in!!! Just go for it, get it and make all your investors happy. You know, the folks who believed in your dream? Being totally bored, I hope all of you don't mind me venting over the obvious BS this so-called company has been touting. Point is.. this company is totally BS. DO NOT INVEST!!!
Disclaimer: I am so new to this I am not even weened yet. Just don't want you to be taken in when the name-change takes effect and the pps goes back to the sub-pennies. It's your money.. and these Pham-salesman want it.
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Well, they forgot to add... NEW investors. As for us OLD investors.. go f*** yourselves. We already got your money. If I had put mine in certs, would that had allowed me to trade as svxp any longer. I assume not.? It will be svxa immediatly on the 17th, and whatever you have left will be transfered to the new name. Your correct Buytex, pennies aren't an investment. You can make money, mostly by NOT holding. My 'investment', (I should stop calling it that!) was only a months lunch money, so it didn't break me. I always feel bad for the people who get wrapped up in the PR and give bigger money. Svxp did make it clear about r/s, they just didn't make it obvious with the 'UP TO' april 6th announcement. I have a new wrinkle in my rule book, always look for monday holidays and check your issue's for billion o/s counts. Now, let's see what tomorrow brings. S5
-------------------- Eagles may soar, but weasels don't get sucked into jet engines....
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Some crazy guy just bought at 3.80 (and some lucky sap sold at 3.80!). That's equal to pre-split pps of .0038, or 345% over Friday's close of .0011!
Of course, it will more likely start at .55 . Some one is probably just baiting the hook. This stock from the beginning sounded similar to CMKX (lots of potential, no information about what they had now, more PRs about lots of gold, easy to get to, etc.).
-------------------- May your trading build your character as well as your portfolio.
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Sovereign Exploration Associates International, Inc. Forms Media Partnership With Principle Pictures, Inc. to Reveal Stories of SHIPWRECKS THAT CHANGED THE WORLD.
NEWTOWN, PA.--(BUSINESS WIRE)-January 17, 2006 - Sovereign Exploration Associates International, Inc. (OTCBB: SVXA) announces a media partnership with Principle Pictures, Inc.
The world's ocean floors are blanketed with the wreckage of lost ships. Their names languish in the dusty ledgers of long-vanished imperial navies and extinct enterprises that have been obscured over time. The historical impact of their loss has never been revealed. Until now.
This media partnership plans the creation of at least five television documentaries and a series of companion books, educational tools, and interactive Web sites. Sovereign Exploration Associates International's large catalogue of historically significant marine archaeological and recovery projects will provide an exciting new point of view on the history of North American and European development. All of these projects involve historic stories Principle Pictures is exceptionally qualified to tell. Consider this: What if Le Chameau, the pride of the French Navy, had not sunk on the night of August, 27, 1725? It was a devastating disaster in terms of souls and monies lost, with all of Le Chameau's 316 passengers and vast amounts of gold and silver to support the French Colonies in North America going to the bottom with her. Yet Le Chameau's sinking may also have dramatically altered the balance of power between England and France in North America. A generation of French leaders went down with that ship. Is it possible we might all be speaking French today had fate not intervened?
The tale of Le Chameau is riveting. It is history, unjustly forgotten. It is adventure, awaiting pursuit. It is just one of the exciting stories of SHIPWRECKS THAT CHANGED THE WORLD, a media enterprise between Sovereign Exploration Associates International, Inc. and Principle Pictures, Inc.
"This is about the presentation and preservation of history," says Beth Murphy, President of Principle Pictures. "We're excited about working with Sovereign Exploration Associates International and its portfolio companies precisely because of their commitment to bringing greater historic and scientific understanding to some of the most extraordinary shipwrecks of all time-shipwrecks whose fascinating, forgotten stories are ready to be rescued from the deep."
"We see this agreement as a critical step in continuing to tell the history and significance of these vessels and sites, " says Bob Baca, President and CEO of Sovereign Exploration Associates International, Inc. "The addition to our team of Principle Pictures, with its reputation for professionalism and quality, fits well with Sovereign's own dedication to telling these important stories."
About the companies: Sovereign Exploration Associates International, Inc. (SVXA) (Newtown, PA) combines sound business practices with a decade's worth of expertise in marine exploration. Portfolio companies of SVXA are currently undertaking the exploration of sites containing vessels from the 1700's and 1800's. (www.sea-int.com)
Principle Pictures, Inc. (Plymouth, MA) creates cutting-edge documentaries. A forward-thinking company committed to tackling serious, issue-oriented programming with world-wide appeal, Principle Pictures believes in the power of reality-based programming to educate, inform and inspire viewers. Principle Pictures' programming has aired on numerous networks in the United States and around the world, including The History Channel, Discovery, Discovery Health, Lifetime, PBS, Canal Vie (Canada), IBA (Israel) and NHK (Japan). Director Beth Murphy has twice been nominated for Emmys and most recently is the winner of the Gracie Allen Award from American Women in Radio and Television. (www.principlepictures.com)
James Cavan, Sr. Vice President Business Development & Institutional Relations Sovereign Exploration Associates International, Inc. (OTC BB: SVXA) 781.246.7512 www.sea-int.com
About Sovereign Exploration Associates International, Inc. Sovereign Exploration Associates International, Inc. (OTCBB:SVXA) is a Business Development Company under the Investment Company Act of 1940 undertaking shipwreck exploration and recovery initiatives. Pursuant to Section 13 or 15(d) of the Security Exchange Act of 1934, SVXA has filed Form 8-K. SAFE HARBOR The statements made in this release constitute "forward-looking" statements, usually containing the words "believe," "estimate," "project," "expect," or similar expressions. These statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements inherently involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Factors that would cause or contribute to such differences include, but are not limited to, the failure of the ships to contain cargo of historic, archeological or intrinsic value, changing economic conditions, interest rates trends, continued acceptance of the Company's products in the marketplace, competitive factors and other risks detailed in the Company's periodic report filings with the Securities and Exchange Commission. By making these forward-looking statements, the Company undertakes no obligation to update these statements for revisions or changes after the date of this release.
-------------------- May your trading build your character as well as your portfolio.
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I have scottrade as well, going on 2nd day, still no settle on shares. Hopefully this afternoon, as the pps will keep coming down. Sprouse and other pirates should be unloading shortly. Then the present officers will move on to another cash opportunity.
-------------------- Eagles may soar, but weasels don't get sucked into jet engines....
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Sovereign Exploration Associates International, Inc. Announces Investor Conference Call Thursday January 19, 10:04 am ET
NEWTOWN, Pa.--(BUSINESS WIRE)--Jan. 19, 2006--Sovereign Exploration Associates International, Inc. (OTCBB: SVXA - News) announces the first investor conference call with management on Monday, January 30, 2006 at 4:00PM EST.
ADVERTISEMENT SVXA President and CEO Bob Baca and COO Curt Sprouse will be discussing business strategy and ongoing operations.
To access this investor call within the US and Canada, please call: 1-888-636-8801 and enter conference identification number 4410032.
About Sovereign Exploration Associates International, Inc.
Sovereign Exploration Associates International, Inc. (OTCBB:SVXA - News) is a Business Development Company under the Investment Company Act of 1940 undertaking shipwreck exploration and recovery initiatives. Pursuant to Section 13 or 15(d) of the Security Exchange Act of 1934, SVXA, (formerly SVXP) has filed Form 8-K.
SAFE HARBOR
The statements made in this release constitute "forward-looking" statements, usually containing the words "believe," "estimate," "project," "expect," or similar expressions. These statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements inherently involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Factors that would cause or contribute to such differences include, but are not limited to, the failure of the ships to contain cargo of historic, archeological or intrinsic value, changing economic conditions, interest rates trends, continued acceptance of the Company's products in the marketplace, competitive factors and other risks detailed in the Company's periodic report filings with the Securities and Exchange Commission. By making these forward-looking statements, the Company undertakes no obligation to update these statements for revisions or changes after the date of this release.
Contact:
Sovereign Exploration Associates International Inc. Curtis R. Sprouse, COO 781-246-7512 Fax: 781-245-7774 csprouse*sea-int.com www.sea-int.com
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who in their right mind would by this * a dollar? this stock is worth at MOST .10 cents, its just a matter of time before it falls imo..
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I am supprised it has stayed so high this week got out at .90 still made a good profit but lost alot when I couldn't get out last friday.
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My problem is I managed to get out just in the nick of time making just a few bucks. Used that money to buy addition shares in BKMP. However this morning my etrade showed I went through the r/s. After waiting on the phone for some 45 minutes they promised to take care of the problem by tomorrow. Hope so.
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), but once they start recovering stuff from that CBNS-3 site -- no, before that -- the stock will head North.
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