posted
Hey I did some more DD on this company and I think you all might be interested.
According to the 10SQB filing to the SEC dated September 30, 2005 it stated the following,
The accompanying financial statements have been prepared assuming that the Company will continue as a going concern. The Company is presently a shell company and has limited operations and resources. The Company has accumulated net losses in the development stage of $273,399,796 for the period from inception, August 13, 2002, to September 30, 2005. Additionally, at September 30, 2005, the Company is in a negative working capital position of $260,117 and has a stockholders' deficit of $398,471. Such matters raise substantial doubt about the Company's ability to continue as a going concern. These financial statements do not include any adjustment that might result from the outcome of this uncertainty.
The goals of the Company will require a significant amount of capital and there can be no assurances that the Company will be able to raise adequate short-term capital to sustain its current operations in the development stage, or that the Company can raise adequate long-term capital from private placement of its common stock or private debt to emerge from the development stage. There can also be no assurances that the Company will ever attain profitability. The Company's long-term viability as a going concern is dependent upon certain key factors, including:
- The Company's ability to obtain adequate sources of funding to sustain it during the development stage.
- The ability of the Company to successfully produce and market its gasoline and diesel engine emission reduction device in a manner that will allow it to ultimately achieve adequate profitability and positive cash flows to sustain its operations.
In order to address its ability to continue as a going concern, implement its business plan and fulfill commitments made in connection with its agreement for acquisition of patent rights (See Note 3), the Company intends to raise additional capital from sale of its common stock. Sources of funding may not be available on terms that are acceptable to the Company and its stockholders, or may include terms that will result in substantial dilution to existing stockholders.
By the companies own admission in the same report it said the following,
"we believe it is imperative that we raise an additional $5,500,000 of capital in order to implement our business plan."
Granted, this information is six months old, but it is the last finacial statment that we have on the company. Does anyone have anything more current? I have writen the company asking for clarification, but I dont see how the last press release could be legit, if they are in such poor shape.
-------------------- One wrong move and you're eatin bag-nasties just to survive! Yahoo Messenger: Jason52907 Posts: 707 | From: midwest | Registered: Mar 2006
| IP: Logged |
quote:Originally posted by Jason0321: The Company has accumulated net losses in the development stage of $273,399,796 for the period from inception, August 13, 2002, to September 30, 2005.
Hachoo!
-------------------- Well done is better than well said. Ben Franklin Posts: 718 | From: Bay Area, CA | Registered: Aug 2005
| IP: Logged |
posted
SVMI began trading 9/04 - the accumulated net loss is from the previous shell company. They have spent the last 1.5 years perfecting their revolutionary Dynovalve product and it is now only weeks away from launch.
Once the launch date is announced this stock will never trade below .10 and with the numerous contracts that will follow it could pass it's previous high of .38 easy.
Posts: 5 | Registered: Jun 2005
| IP: Logged |
posted
TwinTrader.com: Twin Trader Alerts for Tuesday, April 4, 2006 PDMX, POGI, ADVC, SVMI. via COMTEX
April 4, 2006 SaVi Media Group, Inc. (OTCBB:SVMI) closed down at 5.88%, trading 8,298,212 shares on Monday.
SaVi Media Group, Inc. creates and commercializes blow-by gas and crankcase engine emission reduction technology. They have created the first truly simple gasoline and diesel engine emission reduction technology, allowing them to provide their clients with lower-cost, more effective and more efficient emission reduction and engine performance. With 20+ years of emissions and materials R&D behind it, the Company was formed to create, support and license a patented supplementary vehicle emissions reduction and fuel efficiency technology that can reduce emissions by up to 40% and improve efficiency 30%. Using proprietary methods and processes, SAVI increases fuel efficiency at the same time decreases emissions and extends component life.
-------------------- It's only money..We'll make more tomorrow! Posts: 788 | From: Tx. | Registered: Jun 2005
| IP: Logged |
posted
I think it could easily retrace to the .01 land....after the PR though (if good) it will blow its load...
Posts: 43 | Registered: Jan 2006
| IP: Logged |
posted
I sure hope you are right Graham. I bought in at .023. I am going to hold this for a while. Seems like a great company with a great product. Should go up easy.
Posts: 129 | From: DFW, TX | Registered: Mar 2006
| IP: Logged |
posted
See these are the types of picks that I want to find. It had abnormal volume on the 17th for no reason which caused it to rise. Dipped a little, then a few days later rose conservatively for consecutive days on low volume. People took notice, the volume again flowed in, and the stock rocketed.
HOW DO I FIND THESE BEFORE THEY ROCKET?!?!?! Ughh I am so burnt out. Matt
Posts: 1504 | Registered: Sep 2004
| IP: Logged |
posted
I should say, there was also a lot more happening. It crossed the MA 50, then confirmed that it was support after the first dip. Ran past the 200 MA and confirmed that as support initially, but not looking so good now as it closed below it. Watch for a fall to other support levels which I can't see right now.
But anyways, HOW DO I FIND THEM? BLAHhhhhh Matt
Posts: 1504 | Registered: Sep 2004
| IP: Logged |
posted
Actually the unusually high volume ocurred on 3/10/06, and the PPS dropped to .0025 that day. I posted it on AllStocks on 3/13/06. Check the thread, Matt.
quote:Originally posted by permanentjaun: See these are the types of picks that I want to find. It had abnormal volume on the 17th for no reason which caused it to rise. Dipped a little, then a few days later rose conservatively for consecutive days on low volume. People took notice, the volume again flowed in, and the stock rocketed.
HOW DO I FIND THESE BEFORE THEY ROCKET?!?!?! Ughh I am so burnt out. Matt
Posts: 4893 | From: Burbank IL USA | Registered: Feb 2004
| IP: Logged |
I read that making money is common sense but common sense is uncommon when it comes to making money.
Ok. So then why was this volume out of the ordinary? on 3/7 and 3/8 the volume was also considerably higher for the period although yes 3/10 was even higher. Why did you wait till 3/13 to post?
I'm looking for other technical signals. The RSI finally crossed for the first time in months but not till after 3/13. Slow stochastic channeled up after 3/13, momentum finally crossed over zero on the 16th. All those signals that looked good came after 3/13. What did you see special?
Posts: 1504 | Registered: Sep 2004
| IP: Logged |
posted
It isn't only based on volume alone. There are few other things to consider in the process.
Read your PM's Matt.
-------------------- A million seconds is 13 days. A billion seconds is 31 years. Posts: 4893 | From: Burbank IL USA | Registered: Feb 2004
| IP: Logged |
posted
Over 40% today. Great day and that was without PR. I would love to see what some PR would give us.
Posts: 129 | From: DFW, TX | Registered: Mar 2006
| IP: Logged |
gl tomorrow fellas, im trying to dump some at .024 and ill ride some more too see whats up with .03
Posts: 121 | From: boston | Registered: Feb 2006
| IP: Logged |