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Servotronics Inc V.SVT


Primary Symbol: SVT

Servotronics, Inc. develops and manufactures servo controls and other components for various commercial and government applications, including aircraft, jet engines, missiles, manufacturing equipment and other aerospace applications. The Company's Advanced Technology Group (ATG) segment designs, manufactures, and markets a variety of servo-control components, which convert an electrical current into a mechanical force or movement and other related products. Its servo-control components produced include torque motors, electromagnetic actuators, hydraulic valves, pneumatic valves, and similar devices. Its operating facilities are located in Elma and Franklinville, New York. The Company’s products are marketed and sold throughout the United States and in selected foreign markets.


NYSEAM:SVT - Post by User

Bullboard Posts
Comment by Spicoli420on Dec 20, 2017 10:10am
53 Views
Post# 27195018

RE:spi420

RE:spi420From the last Financials:

4. SHARE CAPITAL
a) Authorized share capital
Authorized share capital consists of an unlimited number of common shares without par value, unlimited Class “A” preferred shares with par value of $10 per share, and unlimited Class “B” preferred shares without par value. No preferred shares have been issued.

b) Financing
On June 26, 2017, Blue Moon issued 12,000,000 common shares at a price of $0.05 per common share for gross proceeds of $600,000.

On November 8, 2016, the Company issued 7,000,000 units at a price of $0.015 for gross proceeds of $105,000. Each unit consisted of one common share of the Company and one half (1/2) of a share purchase warrant. Each warrant entitles the holder to purchase one additional common share at a price of $0.05 until November 8, 2018.
Bullboard Posts