Let's see how this transactions shakes out: In the most recent 8-k, Sauer pays $1,500,000 equivalent in shares to purchase the Helix assets. Note that St. George (aka Fife) owned those assets via a lawsuit against Helix (another public company) due to a loan default. All that is fine except one thing, the Helix balance sheet reflected a materially lower number for its patents and equipment. Interestingly, Helix accumulated $46,590,429 in losses. Proof:
Seems expensive for Sauer investors.
12c now headed towards .12 cent...
Somebody who was making an effort(manipulation?) to keep the price up has stopped buying? The seny holders are fleeing for the relative safety of Greek government debt...
my opinion only. this post does not state a fact.
good call trading below 20c now, there is absolutely no known reason any honest sane intelligent person would buy this stock.
If you have done your dd and come up with a reason state it.
I promise not to laugh.
My opinion, the promise of something for nothing was just too attractive to the victims of this CON.
Part of the problem is that most of you are trying to either fall in love with a stock or hate a stock, To me it is simply a tool to make money. Look at the stocks long term pattern. Every time the stock tanks there is a short to medium term bounce, Play the damn thing to make money. I bought at just over .14 and sold for almost 0.18. Thats a 26% profit in under 24 hours. I will take it any day day of the week. This is the 4th time I have played the bounce and the 4th time I have made good money on. Isnt that why we are all in the stock market?
I'm with you all, BUT the IEEE gave them the product of the year award or some such and for me, that means this is a real product. They can fool me and many others, but not the professionals at IEEE.
Why this company isn't going anywhere is really sad. They put out press releases saying nice things like "We've bought a new world headquarters" but don't provide an address. "We've signed a contract to have them build the product", but they don't say with whom. Things like that bother me.
If it wasn't for the IEEE award, I'd be looking somewhere else. I haven't bought in yet, but I'm still watching. Management seems a little shady in the way they present themselves.
Wasn't start up to begin selling them supposed to be last December? I don't know. I am losing confidence in America. Seems like we are becoming a nation of scammers. Screw anyone to make a buck. Sick.
Using inflated share prices to purchase assets with no sustainable business valuation is pretty common in penny land. Look at what BLUF did. Business valuation issues is one of the SEC's highest priorities and now you see why. SENY will crash because it's auditors will have no choice but to write down the Helix asset.
I think you can assume a lot of the trading is the manipulators selling shares to themselves and maybe crooked stock brokers selling shares to their customers for a kickback
What a mess. Its absurd that Sauer thinks it can operate with the helix "so called assets" when all Helix did was bleed money. If the were on the books for 364 thousand
then the 6million shares of seny are worth 60,000 per million shares or 6cents each.
6 cents is a good estimate for the seny share price in six months, and .6 cents a year from now.