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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

Post by vinniePon Apr 17, 2020 9:47am
157 Views
Post# 30921168

Moving Forward

Moving ForwardFirst off, after finishing 2019 strong and looking fresh to start the new year, things have cooled off a bit. Obviously with the current state of the economy, globally, it's tough to see any company spending too much to move projects forward, which is likely why we are sitting where we are in terms of "wheels in motion". It was recently brought to light that Platina was looking to "restructure" the terms of the JV, this is a fact as I've sorted through their recent NR's and it's accordingly a priority of theirs. Not sure how that will affect us that are riding the Blue train however, let it be noted, Platina has put an entirely new look on their website. They have the Blue Moon project at the top of their page, seemingly making it seem as though it is their main focus moving forward. Also, since the flow through required to fund the Blue project has been tough to fill for them, it's also a possibility that they explore opportunities to sell their 30% stake in Munni Munni to fund said operations. Anyhow, again, Patrick and team have been quiet on our front, so it is disappointing that us as investors are seemingly either kept in the dark or left relying on Platinas news flow to understand due process. I really, personally hope that there is some form of communication as it was most of us that voted to approve the JV, so I would hope that management understands this
isn't a one dimensional process, that we collectively are in this together. Anyway, enough for the time being, hope all is well and healthy. 
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