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.
You just can't keep a good man down...Congrats Viva!
I resent parties who continue to chase goblins down rabbit holes just to spread doubt and confusion. Yes, I have some problems with the way this investment is panning out, but I will not be party to a lynch mob. Tom has some explainin' to do about several things, but no one has proven to me that he is anything more than a bold risk-taker who may or may not have overestimated his abilities to keep control of this thing. I will remain invested, but continue to press my rightful claim as a shareholder for full transparency from our CEO.
Insider info? Hardly. How about attributing it to AP's hard work and good DD? I don't remember seeing you put forth the effort to make a viable guess as to which company was the object of SWVC's affections.
Some people speculated that it was NHSP before it was official based on the $$ that were being floated in a Seaway PR.
http://www.seawaycapital.com/news/News_Release_01-18-08.pdf
The board was created the same morning.
No surprise there...all of Swartz's connections were easily traced from the NHSP website, a site that has been visited by many SWVC posters over the last several months. This Swartz thing is a non-issue, IMO.
This volume is starting to get serious. If it doesn't hold here, the flood gates may open before the weekend...IMHO
Now he's bargain hunting? I wonder if he's still kicking himself for having missed that blue-light special in aisle 5 on corporate shells?
I wish they could have found a cost savings on the shell.
He used to correspond to kgeezy all the time. Some others too.
Sorry, but I'm a little tired of write-offs. For once, I'd like the opportunity to pay some capital gains tax.
...We expect the significant dilution to subside shortly. - Tom Scozzafava January 24, 2008.
The dilution has not only not subsided in the last 4 months, but even heavier dilution appears on the very near horizon. Our CEO must account for his words.
I am not convinced that his actions are nefarious, but he must give an account for a financing plan gone amok.
Tom never forced me either...but he did say this in a 1/24/08 PR.
Management is focused on creating shareholder wealth with the potential addition of these assets and will continue to work to deliver these and others into the portfolio if and when appropriate. Additionally, with less than $100,000 of the legacy sub-penny convertible debentures remaining, we expect the significant dilution to subside shortly. Thank you for your continued patience and participation, and we look forward to additional activity in the coming months.
Maybe he can pull a KK and convince YA into signing a Forbearance Agreement. 800M will put this stock out of it's misery.
Is this the beginning of the orchestrated run to .07 and possibly to .10? Maybe the orchestra is having trouble tuning the instruments.
I like kgeezy's #92811 post. It reflects the kind of attitude that any investor worth their salt should have. I hope he feels the same today as he did back then.
So how many shareholders are underwater? 90%? 95%? 98? Anybody still green? Come on, fess up!
Can you place a date/time stamp on that post? And who were his comments directed to, you?
This is beginning to turn into a rout. Indefensable!
.005 will hold! .005 will hold!.....hmmmm .005 didn't hold.
.004 will hold! .004 will hold!.....hmmmm.....
Anybody want to stick their neck on the line?
Also e-mailed DeDe on several occasions, but never received replies.
My e-mails are never answered. Never tried phoning.
The buck stops at ONE person, and ONE person alone. It's absolute foolishness to blame anyone else for the current state of affairs. He might be working his tail off to build this company, but part of a CEO's job is deal with BAD situations and deal with them promptly and professionally.
It seems that our CEO's Goodwill account is being seriously overdrawn.
Well something better happen right quick, because at this rate a share buyback just might only get us back to 1/2 a penny.
I liked it when my 2.5M shares meant something. Don't mind me, I'm just waxing nostalgic.
In the neighborhood of az's calculation...hmmmmm.
Interesting find, Drac.
How long has that been going on? Since the inception of Seaway? That would make it 90M shares total, right?...plus the cash payment.
The SEC is investigating this company and it's principals? Can you elaborate on that, extra, or are you blowing hot air?
Does anyone have an accurate $$ figure for the cost of this shell. And more importantly, why did it cost so much? And was that choice in the shareholder's best interest?
No he hasn't...here's the latest about legacy.
SEAWAY VALLEY CAPITAL GIVES UPDATE ON LEGACY DEBT STATUS Seaway Valley Capital Announces Satisfaction of Certain Outstanding Debentures
Gouverneur, NY, April 1, 2008 – Seaway Valley Capital Corporation (OTC Bulletin Board: SWVC) (“Seaway Valley”) announced today that it has been given notice that all $498,074 of October 2006 convertible debentures have been satisfied, and the majority of the remaining balance of $1,117,719 of legacy debt has been satisfied.
Are we going to see the beginning of shareholder lawsuits?
Anybody else tired of accumulating?
Time to load up, Fen
That's hilarious
Amazing...all these experts here ready to advise Tom on how to build a business, and nary a one was consulted. Imagine that!
Thanks for volunteering.
A "borderline scam"? I guess that's sorta like a patient who is "mostly dead".
Tomorrow is always fun...I want today to be fun.
What's the latest from scotchpad, or was it hopscotch? Maybe it was scotch on the rocks. Whatever...surely he, she, it has got something to say about all of this.