SAEI - Still Managed To Close In Positive Territory

SAEI closed the day up 14% despite some controversy concerning at least one if its recent "unsolicited" bids. Frankly I don't know who is buying, but at least the blood bath has abated for a day.

The stock has been falling after announcing two seperate buy out offers. In a December 10th press release, the company says they received an unsolicited bid to buy all the company stock for $1.75, despite the bidder's claims that the news is false.
Let's call it an unsolicited bid from an unsolicited bidder.

On December 13th the company received another unsolicited bid. These bidders came looking to pay $2.50 a share for a stock that was, less than a month ago, trading for $.006 a share.

This stock has made for a great trade the last month, and if you trade penny stocks that is all that matters. These stocks offer the chance to make a substantial amount of money in a short period of time. Anyone with any experience in this market knows 9.9 out of 10 times, these buyout press releases are nothing but a ploy to pump the share price of the stock. Look no further than THRR (which has since reverse split), EWRC, stocks that I have written about earlier this year.

The best thing you can do in this market, is trade for a profit, and move onto the next SAEI story stock. The earlier you find it, the more profit you have the potential to secure. Always approach every penny stock with extreme caution. If it seems too good to be true, it usually is.

Here is a brief newpaper article on the SAEI soap opera:

NETS OWNER DENIES SCAM LINK

Russian billionaire -- and New Jersey Nets owner -- Mikhail Prokhorov has something of a golden touch, and now others are trying to cash in on it.
Last Friday, a little-known gold exploration company, Supatcha Resources, pumped its penny stock with a press release claiming that a company called OXM Group, which Supatcha said is controlled by Prokhorov, was moving forward with an "unsolicited bid" to buy Supatcha's outstanding stock for $1.75 a share.
Supatchas shares, which were trading at 35 cents, hit nearly $1 before closing at 70 cents.

PROKHOROV

But Prokhorov, who made his fortune in Siberian mining, denies any involvement with Supatcha, while sources tell The Post that the Securities and Exchange Commission has been bombarded by cries of foul play.
"Onexim Group President Mikhail Prokhorov categorically denies any involvement with Supatcha Resources Inc. A press release by that company indicating that Mr. Prokhorov is involved in an unsolicited bid to purchase shares is completely false," a spokeswoman for Prokhorov said in an e-mailed statement.

Officials for Supatcha Resources didn't return several requests for comment.
Forbes ranks Prokhorov as the 34th richest man in the world -- just behind Microsoft co-founder Paul Allen and Dell founder Michael Dell -- with an estimated fortune of $13.4 billion.
Prokhorov made his name in the US last year with his move to buy an 80 percent stake in the Nets and a 45 percent stake in the new Barclays Center basketball arena opening in Brooklyn.

http://www.nypost.com/p/news/business/nets_owner_denies_stock_scam