Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
lets start a huge pump one last time to get this to .02 so I can exit.
I think Tom just needs to stop further dilution and reduce his ownership and reduce the O/S. I think that would get the stock going, but I have no idea. Depressing.
What is the point of releasing PRs if it just sinks the stock? Are they doing it for volume to dump?
we need about a month of no increasing O/S.
same feelings? or quitting?
Thoughts on SWVC's 10Q?
wait for the next 10Q!
If this 10Q is bad, we will just wait for the next :)
wow, he would get 50 billion shares, yet what would he do with them? if this hits .0001, it will stop trading.
NT 10-Q filed.
Delayed...
http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=884380
True dat! :)
This needs to hit at least .01 before any excitement comes back.
i still think swvc loaded like a spring and will hit .05 in just a few days from these levels...
Agreed. With all this news about acquisitions and more buildings, etc etc.. just imagine the number of investors taking the stock to crazy high levels. Why would anyone invest right now with continued dilution and less than 10% ownership for common shareholders?
So with that, why even release PRs ... you won't get the investors most stocks want because of the dilution, etc. Just makes me continue to think that PR = continued sell off/dilution.
Until Tom fixes the O/S or increases common shareholders ownserhip to around 50%.. we can continue to sit sub halfpenny.
buy at .0007 to break even at .01?
You still think this is going to .05?
Lots of sales. I think there is a sale on share price too.
Close .015 EOD
So? Doesn't mean the ones in Hackett's fell. It just means overall.
OGDENSBURG, N.Y., May 01, 2008 (BUSINESS WIRE) -- Seaway Valley Capital
Corporation (OTC Bulletin Board: SWVC) ("Seaway Valley") announced today that
its wholly owned subsidiary, Patrick Hackett Hardware Company ("Hackett's"), has
executed an agreement to acquire the Gouverneur, NY RadioShack store and
franchise rights from John J. Wetmore. The RadioShack store, currently run as a
part of "Scooters Sales and Service" outlet, will be moved from its current
location and become the fourth RadioShack "store-within-a-store" for Hackett's.
The RadioShack store is now the fourth RadioShack outlet owned and operated by
Hackett's, as earlier this year it assumed the Tupper Lake and Pulaski
franchises from WiseBuys and acquired its third outlet in Hamilton, NY.
RadioShack offerings include wireless telephones and communication devices, such
as scanners and two-way radios; flat panel televisions, residential telephones,
DVD players, computers, and direct-to-home (DTH) satellite systems; home
entertainment, wireless, imaging, and computer accessories; general and special
purpose batteries; wire, cable, and connectivity products; and digital cameras,
radio-controlled cars and other toys, satellite radios, and memory players. The
company also provides consumers access to third-party services, such as wireless
telephone and DTH satellite activation, satellite radio service, prepaid
wireless airtime, and extended service plans. In addition, it manufactures
various products, including telephony, antennas, wire, and cable products, as
well as hard-to-find parts and accessories for consumer electronics products.
Hackett's operates nine locations including Canton, Gouverneur, Hamilton,
Massena, Ogdensburg, Potsdam, Pulaski, Tupper Lake, and Watertown - all in New
York. Hackett's operates RadioShack stores in Gouverneur, Hamilton, Pulaski, and
Tupper Lake. Hackett's is also seeking additional locations in New York,
Vermont, Massachusetts, Connecticut, and Pennsylvania.
About Patrick Hackett Hardware Company
Hackett's (www.hackettsonline.com), one of the nation's oldest retailers with
roots dating back to 1830, is a full line department store specializing in name
brand merchandise and full service hardware. Hackett's, now with nine locations,
features brand name clothing for men, women, and children, and a large selection
of brand name athletic, casual, and work footwear. Hackett's also carries
domestics, home decor, gifts, seasonal merchandise and sporting goods. Hackett's
full service True Value hardware department features traditional hardware, tool,
plumbing, paint and electrical departments. Hackett's also owns and operates
RadioShack stores at numerous locations and at certain stores leases space to
Payless ShoeSource.
About Seaway Valley Capital Corporation
Seaway Valley Capital Corporation makes equity, equity-related, and debt
investments in companies that require expansion capital. Seaway also seeks
investments in leveraged buyouts and restructurings. Seaway will consider
investment opportunities in a number of different industries, including retail,
restaurants, media, business services, manufacturing, and select technologies.
Safe Harbor Statement
This press release contains statements that may constitute "forward-looking
statements" within the meaning of the Securities Act of 1933 and the Securities
Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act
of 1995. Those statements include statements regarding the intent, belief or
current expectations of the Company, and members of their management as well as
the assumptions on which such statements are based. Prospective investors are
cautioned that any such forward-looking statements are not guarantees of future
performance and involve risks and uncertainties, and that actual results may
differ materially from those contemplated by such forward-looking statements.
Important factors currently known to management that could cause actual results
to differ materially from those in forward-statements include fluctuation of
operating results, the ability to compete successfully and the ability to
complete before-mentioned transactions. The company undertakes no obligation to
update or revise forward-looking statements to reflect changed assumptions, the
occurrence of unanticipated events or changes to future operating results.
SOURCE: Seaway Valley Capital Corporation
WATERTOWN, N.Y., May 01, 2008 (BUSINESS WIRE) -- North Country Hospitality,
Inc. (Pink Sheets:NHSP) the "Company") today announced that it has merged its
businesses with Seaway Valley Capital Corporation (OTCBB:SWVC), based in
Gouverneur, New York. The new company will have combined assets of over $31
million and expects to have annualized revenues exceeding $40 million per year.
The merger agreement was completed late last week.
"This agreement will open opportunities for both companies to expand their core
businesses and strengthen their ability to attract capital," explained
Christopher Swartz, NHSP CEO. "The shareholders of North Country can now point
to a company which has increased its value by over 40% through partnering with
an organization that is a clear complement to the goals we've set for our
restaurant operations, expansion of our resort holdings and enhancing the
competitiveness of our line of retail beverages including Sackets Harbor Brewing
Co. and 1812 ale."
Seaway Valley focuses on making equity and equity-related investments in
companies that require growth and expansion capital and has focused much of its
activities in the same region, will form a new operating division that will
continue to operate as "North Country Hospitality" and be run by current
management at North Country. SWVC also owns Patrick Hackett Hardware Company
known in the northeast as Hackett's. The department store chain now with nine
locations, and recently announced that it is opening its third Radio Shack
franchise.
About Seaway Valley Capital Corporation
Seaway Valley Capital Corporation was formed in 2002 and makes equity,
equity-related, and debt investments in companies that require expansion capital
and in companies pursuing acquisition strategies. Seaway also seeks investments
in leveraged buyouts and restructurings. Seaway will consider investment
opportunities in a number of different industries, including retail,
restaurants, media, business services, and manufacturing, and Seaway will also
consider select technology investments.
About North Country Hospitality, Inc.
North Country Hospitality, Inc., is a holding company whose objective is to
acquire companies specializing in all aspects of the restaurant and hospitality
industry. The Company's multiple operating platforms encompass restaurant,
hospitality, and beverage companies that include fine dining establishments,
casual and wine bar restaurants, Mexican cuisine dining, franchised quick
service restaurants, and luxury resort suites. Additionally, North Country has a
significant equity position in two of the largest commercial bakeries in upstate
New York.
This press release may contain forward-looking information within the meaning of
Section 27A of the Securities Act of 1933 or Section 21E of the Securities and
Exchange Act of 1934 and is subject to the safe harbor created by these
sections. Ultimate Franchise Systems, Inc. assumes no obligation to update the
information contained in this press release. Certain information included herein
may contain statements that are forward- looking, such as statements relating to
plans for future expansion and other business development activities as well as
operating costs, capital spending, financial sources and the effects of
competition. Such forward-looking information is subject to changes and
variations which are not reasonably predictable and which could significantly
affect future results. Accordingly, such results may differ from those expressed
in any forward-looking statements made by or on behalf of the Companies.
SOURCE: North Country Hospitality, Inc.
If Tom keeps all these acquisitions up, and growing, etc, this will be too big to be on OTCBB IMO..
But to uplist, he will need to fix the O/S and give a whole lot more ownership to the common shareholders.
what are you talking about?
Yes, really.
keep trying.
I have a feeling that a 500 million share buyback announcement would be called a fluff PR as well.
OGDENSBURG, N.Y., Apr 30, 2008 (BUSINESS WIRE) -- Seaway Valley Capital
Corporation (OTC Bulletin Board: SWVC) ("Seaway Valley") announced today that
its wholly owned subsidiary, Patrick Hackett Hardware Company ("Hackett's"),
will be launching a new, more user-friendly website in mid-May. The site
(www.hackettsonline.com) will offer customers up to date product information,
new product offerings, in-store sales and specials, and certain Internet-only
specials. The site, which is being developed by Infinite Media of Watertown, NY,
will also be used for other information, such as store hours, locations and
directions, and as an interactive forum for customer questions and feedback and
"opt in" email alerts on new store specials. Hackett's eventually intends to
roll out select e-commerce opportunities through the website.
"We're very excited to be moving Hackett's in the direction of new media," said
Mr. Norm Garrelts, CEO of Hackett's. "Hackett's has always focused on serving
our customers, and the Internet is clearly a common and now very important
medium amongst our customers. We feel the new website will also make it easier
to communicate our values and image." Jamie Mayer, VP of advertising and
marketing for Seaway Valley Capital Corporation added, "One of the best
qualities of the website is that it will allow prospective customers to see just
how wide a range of items Hackett's offers, which is difficult to communicate in
traditional print, radio, or television advertisements."
Hackett's operates nine locations including Canton, Gouverneur, Hamilton,
Massena, Ogdensburg, Potsdam, Pulaski, Tupper Lake, and Watertown - all in New
York. Hackett's operates RadioShack stores in Gouverneur, Hamilton, Pulaski, and
Tupper Lake. Hackett's is also seeking additional locations in New York,
Vermont, Massachusetts, Connecticut, and Pennsylvania.
About Patrick Hackett Hardware Company
Hackett's (www.hackettsonline.com), one of the nation's oldest retailers with
roots dating back to 1830, is a full line department store specializing in name
brand merchandise and full service hardware. Hackett's, now with nine locations,
features brand name clothing for men, women, and children, and a large selection
of brand name athletic, casual, and work footwear. Hackett's also carries
domestics, home decor, gifts, seasonal merchandise and sporting goods. Hackett's
full service True Value hardware department features traditional hardware, tool,
plumbing, paint and electrical departments. Hackett's also owns and operates
RadioShack stores at numerous locations and at certain stores leases space to
Payless ShoeSource.
About Seaway Valley Capital Corporation
Seaway Valley Capital Corporation makes equity, equity-related, and debt
investments in companies that require expansion capital. Seaway also seeks
investments in leveraged buyouts and restructurings. Seaway will consider
investment opportunities in a number of different industries, including retail,
restaurants, media, business services, manufacturing, and select technologies.
Safe Harbor Statement
This press release contains statements that may constitute "forward-looking
statements" within the meaning of the Securities Act of 1933 and the Securities
Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act
of 1995. Those statements include statements regarding the intent, belief or
current expectations of the Company, and members of their management as well as
the assumptions on which such statements are based. Prospective investors are
cautioned that any such forward-looking statements are not guarantees of future
performance and involve risks and uncertainties, and that actual results may
differ materially from those contemplated by such forward-looking statements.
Important factors currently known to management that could cause actual results
to differ materially from those in forward-statements include fluctuation of
operating results, the ability to compete successfully and the ability to
complete before-mentioned transactions. The company undertakes no obligation to
update or revise forward-looking statements to reflect changed assumptions, the
occurrence of unanticipated events or changes to future operating results.
SOURCE: Seaway Valley Capital Corporation
Does it make sense for Tom to waste his time paying off legacy debt, acquiring companies, etc and then do issue a R/S, or am I way off base here? I do not see a R/S.
He is also not in charge of SWVC.
We know your intentions if you claim to be shorting.
Buy half the O/S for 2.5 million and retire them. This thing will scream to .10. Be worth 60 million instead of 5 million.
Anyone see .03 by EOY?
Should the end of the legacy debt be shown in the next 10Q?
prolly cause it happened in the past and not in the future?
it would be funny to break even exactly one year of my original investment. waste of a year :P
we will close red or green today.
10%/day for 20 days would be .027.
I'd be happy.
Step 1 completed.
Now to fix the O/S. Then I will be happy.
haha. Please state .01 until .01. If we reach .01, then saying .10 might look better.
How you feeling about SWVC lately? Still just gonna ignore the board and wait a few months? :)
We are going to .001. Do you agree? Thats maybe when things will turn around. Maybe it will pull a WN*D and go back to .04.
Not sure though..