SAEI - Trading Suspended By The SEC

UNITED STATES OF AMERICA
Before the
SECURITIES AND EXCHANGE COMMISSION
SECURITIES EXCHANGE ACT OF 1934 Release No. 63568 / December 17, 2010
The Securities and Exchange Commission (“Commission”) announced the temporary suspension, pursuant to Section 12(k) of the Securities Exchange Act of 1934 (the "Exchange Act"), of trading in the securities of Supatcha Resources Inc. (“Supatcha”), of Denver, Colorado at 9:30 a.m. EST on December 17, 2010 and terminating at 11:59 p.m. EST on December 31, 2010.
The Commission temporarily suspended trading in the securities of Supatcha because of questions that have been raised about the accuracy and adequacy of publicly disseminated information concerning, among other things, a geological report concerning the company’s mining prospects in Ukraine and a purported tender offer for the company’s outstanding shares.
The Commission cautions broker-dealers, shareholders, and prospective purchasers that they should carefully consider the foregoing information along with all other currently available information and any information subsequently issued by the company.
Further, brokers and dealers should be alert to the fact that, pursuant to Rule 15c2-11 under the Exchange Act, at the termination of the trading suspension, no quotation may be entered unless and until they have strictly complied with all of the provisions of the rule. If any broker or dealer has any questions as to whether or not he has complied with the rule, he should not enter any quotation but immediately contact the staff in the Division of Trading and Markets, Office of Interpretation and Guidance, at (202) 551-5777. If any broker or dealer is uncertain as to what is required by Rule 15c2-11, he should refrain from entering quotations relating to Supatcha’s securities until such time as he has familiarized himself with the rule and is certain that all of its provisions have been met. If any broker or dealer enters any quotation which is in violation of the rule, the Commission will consider the need for prompt enforcement action.
If any broker-dealer or other person has any information which may relate to this matter, the Denver Regional Office of the Securities and Exchange Commission should be telephoned at
(303) 844-1000.

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

Chart of the Day - SAEI

From $.006 to $.93 in less than two months. You could have bought $600 at the low and sold it for $93,000 at todays high.

Turning $600 into $93,000 in less then two months.... Penny Stocks offer some absolutely mind boggling returns.

Chart of The Day - SAEI

SAEI - Up Another 40% Today

SAEI just keeps tacking on gains for its shareholders.

Chart of the Day - SAEI