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 > Financing Announced

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Post by vinniePon Sep 24, 2020 6:39pm

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Post# 31617863

Financing Announced

Looks like Platina won't be coughing up the $250,000 for completing the stage one buy in. Is Blue actually burning through that much cash??? They did a financing for $300,000 when the deal was closed last October. We need more answers than it simply being for "general working capital".

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