Servotronics Inc V.SVT

Primary Symbol: SVT

Industrials

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.

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Servotronics Inc > Where’s the $$$???

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Post by vinniePon Aug 31, 2019 3:01pm

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Post# 30086307

Where’s the $$$???

I like the deal, not sure if I have a choice to hate it...is it a home run? No! Does it work and will it move the needle North? Yes! My only question is this...(and just from first glance as I haven’t had the time to break down Platina and its financials) where is the money in this deal coming from? They have over 250 million shares outstanding and no positive cash flow other than financings...ie no production numbers, not to mention an outdated website. At first site, now that I digest this transaction (pending of course) presentations are nice but overall it’s looking like a long shot (shady). Even more so, not much chatter revolving between the deal considering its potentially 70% of our only real “flagship” project.

any thoughts???

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