I couldn't find much with the name. An address just now search shows:
Salvor Fund Management, LLC is a Florida Domestic Limited-Liability Company filed on January 20, 2014. The company's filing status is listed as Active and its File Number is L14000010680.
The Registered Agent on file for this company is Senti Wade and is located at 1720 Main Street Ne Palm Bay, FL 32905. The company's principal address is 1720 Main Street Ne Building 4 Palm Bay, FL 32905 and its mailing address is 1720 Main Street Ne Building 4 Palm Bay, FL 32905.
The company has 2 principals on record. The principals are Wade Senti from Palm Bay FL and George Wight from Palm Bay FL.
Salvor Fund Management, LLC ("Salvor Fund") is a multi-strategy investment firm, with investment and support for specified private and public portfolio companies. Salvor Fund with its partners, generally participates in the public equity markets within event-driven situations. Salvor Fund invests, finances, and advises in the real estate, energy, aerospace, and maritime sectors. Salvor Fund is not a registered investment advisor, nor is it registered with FINRA.
Great White Marine & Recreation, Inc.
On June 19, 2001, the SEC obtained permanent injunctions against Great White Marine & Recreation, Inc. (Great White), and its former chairman and president, Alvis Colin Smith, Jr., in connection with their fraudulent distribution of unregistered Great White securities. The SEC alleged that Great White and Smith raised at least $10.8 million, that Smith misappropriated $3 million for personal use, and that Great White made a $1 million to pay investors as part of a Ponzi scheme. For more information about the SEC's action, you can read several Litigation Release Nos: 16225 (July 29, 1999), 16364 (Nov. 18, 1999), 17062 (July 6, 2001), and 17194 (Oct. 16, 2001).
Interestingly, Augustine was involved and accused of chicanery. They lost their case.
Augustine is almost certainly still involved in the below market private placements here.
Whenever you see stock scams, Augustine is often involved.
The FACTS are solidly on my side. TRUTH is on my side.
GAAP losses of over $64 million.
Nuway oil & gas=Belly up.
Nuway Medical=Belly up
Beep for free=Belly up.
A: One's a spineless, poisonous blob. The other is a form of sea life.
Read the SEC filings:
We have never generated any significant revenues, have a history of losses, and cannot assure you that we will ever become or remain profitable.
We expect to incur future losses
the Company has suffered recurring losses, negative cash flows from operations and has limited capital resources and a net stockholders’ deficit. These matters raise substantial doubt about the Company’s ability to continue as a going concern
Its being hyped because the company consistently sells below market private placement shares at 20-30 cents to people who tout it so they and the company can sell more & more shares.
Its right there in the SEC filings. Alongside 12+ years of continual losses.
Complaint Review: John R Browning
John Browning of the firm Law Offices of John R Browning, a PLC is the worst kind of lawyer. He took advantage of me when I needed his help the most. I hired him and went into the hospital and he ran up $60k in bills while I was out. He ruined my estate and stuck me with a very large bill. He demanded his bill be paid in full or else!!! What the heck does or else mean. Being threatened by my own attorney? I didnt authorize those bills and now he is shaking me down. John Browning deserves to have his license revoked.
Do not hire John R Browning of the law offices of John R Browning. He is a scoundral!
This is a public service repost. The above report can be found on the internet for anyone to see.
Browning maybe ?
$64 million in GAAP losses over 12 years.
Each and every SEC filing for the last 12 years is proof of whats been going on here.
The only way someone could miss it is to ignore it.
What rational person ignores $64 million in GAAP losses over 12 years ?
Avg cost now $2.44.
Sure would like to see some insider buying here.
Oh and I haven't read the news or listened to the call.
Also adding SFY and Ive been very wrong on it too.
Its really getting old.
I haven't bought or sold a share since my last sales in 2013 at $19.40,$18.52 and $17.49.
In hindsight, I obviously should have sold my entire stake.
Probably wont be my last mistake.
Hasn't done #$%$ and the stock is still trading ?
Yeah, they have some sales I guess. But to be worth $100+ million ?
NICHOLAS FINANCIAL IS CONSIDERING VARIOUS FINANCIAL INITIATIVES
October 21, 2014 – Clearwater, Florida – Nicholas Financial, Inc., today announced that the Board of Directors of the Company is considering various strategic financial initiatives to increase return on shareholder investment, including (but not limited to) undertaking a share repurchase program or self-tender offer, initiating a cash dividend program, increase its existing credit facility and/or exploring potential expansion opportunities. No assurances can be given, however, as to whether the Board of Directors will determine to implement any such initiatives.
Given that Peter recently dumped 30k shares, I wonder if he wants out ?
Mark A. Sellers III, Managing Partner
October 21, 2014
Below is an excerpt from my letter dated May 31, 2013:
The saga of the Fund’s investment in Premier Exhibitions has been a long and interesting, and sometimes arduous, journey. The road has turned out to be longer than I thought it would be when we began the journey almost five years ago. I hope many of you will continue traveling with me until I can see things to a close. I want to thank all of you for your patience and support.
“Almost five years ago” has turned into “almost seven years ago.” But today I’m happy to announce that finally, we have entered into a deal to sell our entire position in Premier for $1.05 a share to the Armada Group, a company based in Florida. This represents a 42% premium to the stock price on the day of signing.
While I still believe in the underlying premise of our investment in Premier, the company continues to have significant unmet capital and operational needs to become successful. Unfortunately, the Fund and Sellers Capital are unable to fulfill those needs for Premier. In fact, the continued holding of our position may be an impediment to the company’s growth. The potential distribution of our shares (representing more than a year’s total trading volume) and the insufficiency of capital necessary to stabilize and grow the business may be holding back the stock price. As a result, the realization of greater value for the Fund’s investment is unlikely in any reasonably foreseeable time frame for the Fund. That is why I’ve decided to sell our block to Armada, as it is both willing and capable of purchasing the Fund’s investment outright on superior terms relative to current market conditions and Premier’s current status. In short, I believe that this is a prudent time to sell, and a fair and reasonable opportunity to do so.
We hope to close this sale by the end of October and will provide a distribution shortly thereafter. Over the next two weeks,