posted
moe77, About this time last year it hit .07 which would be a big jump from these levels. it even jumped back up to the high .03's a few months after the last big run. I know this because I am holding a bag and waiting for it's return myself
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posted
This thing is due. I flipped this thing a couple times while it was at .02 and made good money. It was my first real flipper and I thought I was unstoppable, now I too am holding the bag, with matching hip pack.lol. Time to let this puppy run.
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Does anybody know anything about (simpleman) I mean he says he attended the meeting, when asked what was said in the meeting his reply was I can't say. I emailed him twice and asked him if he was an employee of the Co. I would understand but, he never replied to either message.
What do you all think about the person? Is he a phony or just a piece of art.
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Donno, my private PM never even got read. It is interesting, surely he isn't afraid that he's giving insider information. I don't need to know what color socks management had on, just an overall feeling of things.
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lol. Zero SENSE, Simpleman hasn't read my PM according to this site, if he has real insider informatiion he can't tell or may be held liable, and it isn't important to know too much detail about the visit, but a little would be helpful. Does that sum it up.
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Fall, '03: -Wallace Resources acquires Systems Evolution, Inc and renames itself SEVI -SEVI becomes a public company -SEVI develops financing agreement ($3.3 million) to allow several acquisitions:
Spring, '04: acquires AXP Technologies, Inc
Summer, '04: -acquires eLead Solutions, Inc -acquires CMS Technology Services to create its "Managed Services Practice", based in San Antoio, TX
Fall, '04: -acquires Next Hire Consultants, Inc (continues as a wholly owned subsidiary) -acquires Duration Software, Inc to create its "Solutions Practice", based in Austin, TX
Fall, '04-'05: integration of these various companies into a functional whole
Fall, '05: SEVI recognized as fastest growing technology company in Houston, TX, with 472% revenue growth
Spring, '06: -SEVI's Consulting Division achieves Microsoft Gold Partner status (one of only 200 such companies in the U.S.) -SEVI reports first operational profits -SEVI's Next Hire Division shows 130% earning increase -SEVI launches its "Enterprise Project Management Practice" -SEVI's stock price skyrockets about 1000% on huge increase in volume and then levels out at 300% (0.03-0.025)
Late Spring/Summer, '06: market downturn drives stock down to 0.01
Late Summer/Fall, '06: -SEVI announces 1X stock dilution to write off part of its initial financing loans -SEVI delays reporting in order to fully comply with new reporting guidelines regarding derivatives and its trading symbol temporarily changes to SEVIE -SEVI's stock price plummets to 0.003 -SEVI opens second Next Hire Division office in Austin
Fall, '06: -SEVI announces its first fully managed recruiting services contract with Petrobras Oil, the 14th largest oil company in the world, to staff its new U.S. drilling facility -SEVI announces additional 0.5X stock dilution to write off more of its loans -SEVI achieves 20% rise in revenue for 2006 -SEVI achieves first overall profitable quarter -SEVI announces plans to almost double its workforce to deal with the increased demand for its services -SEVI moves its listing from OTCBB to PK in order to save $500,000+/year in reporting fees. -SEVI's stock price drops further to 0.0011-0.0015 where it has essentially remained
SEVI consists of two divisions: a network systems Consulting Division (a Microsoft Gold Partner Master Services Agreement provider), and a personnel placement Next Hire Division (places full-time oil and gas engineering staff, as well as technology project staff). Headquarters are in Houston with major offices in Austin and San Antonio. The company's primary customers are the State of Texas Government, Shell Oil, MedDorna, Staffing Technologies, and Petrobras Oil.
Estimated minimum share value based on revenue of $5-7 million with 700 million total shares is 0.007-0.01.
posted
Missed it...ahhhh TDWATERHOUSE makes me crazy sometimes. Was going to pull the trigger the other day when it came up. Congrats who got in under .002. It should see 3's
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SEVI valuation with current share numbers (as of 3/1/07)
Assume revenue of $5-7 million, 66% margins as in previous years, and 750 million shares (outstanding shares currently at 725 million out of an allowed 750 million, float is about 435 million shares; to verify, you can contact transfer agent Atlas Transfer at 801-266-7151).
HIGH end ~ $0.0310 Gross Profit = ($7 million revenue) x 0.66 = $4.62 million $4.62 million / 750 million shares = $0.0062/share If PPS reaches 5X gross profit/share => $0.0310/share
LOW end ~ $0.0220 Gross Profit = ($5 million revenue) x 0.66 = $3.30 million $3.30 million / 750 million shares = $0.0044/share If PPS = 5X gross profit/share => $0.0220/share
(Note: the average U.S. equity Price/Earnings ratio from 1900 to 2005 is 14, so using 5 may be a low estimate.)
Hence, a target of $0.0220-$0.0310 (the high end of the range is lowered from the previous estimate now that we’ve verified the outstanding share count is over 700). These share prices would raise the market cap of SEVI from its current $1 million to $16-23 million. The company's target as stated by the CEO last spring was to reach $25 million over the next couple of years, so these share price targets appear to be in line with the company's internal estimates. Thus, it appears the current share price of $0.0024 is at a 90-95% discount.
I'm not sure when SEVI is really going to "run". Today’s activity certainly indicated that investors are returning their attention to the company. This could be the start of a real push, but it wasn't the sort of jump you'll see after a positive press release. Even with the 50% rise yesterday, we’re still 10-fold below the target. Often the bargain prices simply have to be publicized and the resultant attention is enough to raise the PPS several fold without additional PRs.
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