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

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Post by vinniePon May 15, 2020 10:59am

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Post# 31033285

BIG volume...

Either something's brewing or those that set their ask at $0.015 got tired of waiting and exited at a penny. Whenever i see movement like this I think who would sell when their is so much upside? I mean, the markets, global recession and lockdowns across the board don't help the least bit, so momentum is basically zero. On the flip side, there is millions of shares that were "bought", so people obviously want in. The "restructured" deal could the next NR perhaps. I would hope Patrick would communicate that to us, seeing as he has a 20% stake, I'd hope he'd like to see this move north as would the rest of us.

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