Servotronics Inc V.SVT

Primary Symbol: SVT

Technology Scientific & Technical Instruments

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 > McGrath is getting out. Dumped 7M shares.

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Post by 2stereoon Oct 12, 2022 8:40pm

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Post# 35021130

McGrath is getting out. Dumped 7M shares.

Probably he who is taking the $10K per month SH loan back as well. Their team was unable to move the project forward from here it would appear.

Obvoius from 7 months of no shareholder communication.

I am a bit surpised he is getting out though. The situation does not exude a lot of confidence.

Wonder who bought the 7M shares?

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