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Hope TS is there so I can greet him
DC here is one for you to watch though not golf related I think you will find it watchable
http://www.youtube.com/v/QZFkZiwMLZ4
Hey DC ever play in a 3 club tournament and your putter counts as a club?
Playing in one in 3 weeks.
Figure 3 wood, 4 iron and 7 iron
until I pick a penny that the CEO isn't a scam artist I have to work for a living to support my golf habit. LOL
Thats what happens when u want to keep prying eyes at work from watching u surf LOL
Mickelson, VJ Singh, Garcia, Traham, Scott, Els, Ames, Austin, Curtis, Goosen
Lucky here is the wording I recieved from IR when I asked that same question on the raising of the AS, what bothered me was it was a two-fold question and they only answered one part. I also asked why the R\S as it doesn't help us move to a higher exchange
"Seaway Valley will be in default of the debentures without the increased in authorized. It's stated in the language of the loan agreements, which are filed with the SEC."
No PM capability could you PM me and e-mail address I can reach u at
Harrington, Kim, O'Hair, Goosen, Appleby 270
Red I will compile some numbers when I get home tonight to see what it comes out to, maybe I am wrong but if I take what he actually invested for his preferrs and then figure out what they are worth today that will show me the diff whether positive or negative. Is that a wrong assumption?
RPT:
How much of TS's initial investment has he lost compared to the commoners\longs? I actually believe if someone ran the numbers he would be up with all the added shares he has diluted.
How much have the c and d holders lost?
How much has TS funneled to his friends at YA?
One other question IR has never attempted to answer is how is TS monitoring the likes of YA with the anti-shorting clause?
How much have the band of crooked rutgers boys\including knee pads made off the commoners with the help of management?
The only reason he stated to AP he would perform an R\S was to move to a higher exchange well a 1\5 isn't going to accomplish that.
I have to admit the links that BBB provided to the skunkhunters site was very informative and shows the web within KK and his family
make that 3 of us
Soapy how similiar in wording is the PRE filing that GER had and now SWVC has filed
Hey Red I just love this line
Under Delaware law, shareholders are not entitled to dissenters’ rights with respect to any of the transactions described in this Information Statement
Problem is there is a big difference between Delaware law and street law which TS and his crooked cronies will find out in time.
Soapy, Red, Travel or any of the other longs
What do you feel TS's 30% ownership in GS is worth if say he was to be successful in getting what he feels is owed him and just happened to give it to SWVC for no compensation?
same here waiting for TS to emerge from his cocoon.
Lucky I am still getting only the automated reply with no answer to my questions, I figured if they can set up one so can I so starting with my next e-mail that gets the autonmated reply back my rules will send an automated reply back to them.
IR getting paid handsomely for sitting on their duff.
Interesting article from another poster
http://www.marketwatch.com/news/story/sec-limit-shorting-fannie-freddie/story.aspx?guid={2B08DEE5-8D5F-47D6-A2D4-7DD5ECEE0D5B}&siteid=yahoomy
SEC to limit shorting of Fannie, Freddie, brokers
Emergency order will try to protect struggling firms against 'naked shorting'
By Alistair Barr, MarketWatch
Last update: 2:15 p.m. EDT July 15, 2008SAN FRANCISCO (MarketWatch) -- The Securities and Exchange Commission said Tuesday that it will try to limit so-called "naked" short selling of shares in Fannie Mae, Freddie Mac and big brokerage firms.
The SEC will issue an emergency order stating that all short sales of shares in these companies will be subject to a "pre-borrow" requirement, said Christopher Cox, chairman of the SEC. This will last for 30 days, he said. The SEC is also planning more rule-making focused on short selling in the broader market, Cox said.
In a typical short sale, traders sell borrowed shares, hoping to buy them back at a lower price and return them to the lender. The difference is kept as profit. In naked shorting, a trader shorts a stock without first making necessary arrangements to borrow shares. That sometimes means the seller fails to deliver the stock to the buyer and the trade can't be settled, running afoul of securities laws.
Imposing a "pre-borrow" requirement on short sales of some shares will force traders to make sure they have located securities before putting on negative bets. That may limit the pressure on the stocks included in the emergency order.
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GS) will be covered by the SEC order, Cox said.
Fannie and Freddie shares have slumped roughly 70% in the past month as investors worried they may need to raise more capital to cover losses from their huge mortgage exposures. The government stepped in over the weekend, proposing a bigger line of credit for the companies and possible equity investments.
Lehman has also been hit hard by the mortgage-fueled credit crisis. Shares of the brokerage firm have slumped more than 45% in the past month.
Alistair Barr is a reporter for MarketWatch in San Francisco.
done till he pulls a deal that either screws the commoner (increase of AS or the R\S ) or the Q comes out and is not overly positive for what we bought.
can't call him if he doesn't answer the phone ask lucky how many times he has tried.
Have to start checking the obits in the NY papers since we haven't heard from him in so long beginning to look like another Dr Cavasin deal
so your saying that TS and his dilution are positive, get real, the neg remarks on this board sway no one if anything it may make it harder for flippers to do their thing but if someone was investing longterm they would not base their investment on a boards posts instead they would look at what the CEO has PR'd and done.
kgeezy I can't PM so in response I am waiting for the Q if I see anything that looks like backhanded deal for my common shares I and others like me will take it up the only way I believe a crook should be taught, if the Q shows actions that benifit the commoner then I will calm back down, I for one don't give a DANG about the preferred holders, CD holders or anyone else that makes their living off of others hard earned cash.
I will remove any vulgar words going forward but it is kind of hard considering how extremely vulgar YA is in my book.
Actually my definition of vulgar is any company or person that steals money from hard working folks because they never had to work for a living.
As for being unhappy and selling not now theres always that pound of flesh to be gotten when the dust settles.
That would be the final straw that gets him what he deserves for screwing shareholders if he goes that far, he better suck it up and give up his shares 1st before screwing the little guy.
Chunky hope you are right but his silence has been way to long while still dumping. His silence is similiar to that of the ACMG CEO Cavasin. The real issue is what will the Q show and will they announce another merger just before the Q so as to allow our good CD holders an out while we sit and wait for info on that merger.
If he is not buying back shares then he should have addressed the concerns of the commoners rather then sit and hide as a ghost CEO, so he really is stuck between a rock and a hard place. If no buyback then why the silence if indeed a buyback then the silence would be understandable otherwise he would be considered a non common shareholder friend.
According to the last e-mail I got from IR TS invested 3M and his family 1M, anyone good at crunching numbers can figure out how much they have lost is it the same as what the commoners have lost?
hopefully we are not paying 10m shares a month to ceocast for these announcements
Wow one of the mods on the SWVC board has let it go to his head 5 posts deleted since last night. Seems he doesn't like someone speaking the trruth about YA maybe he has a working relationship with them or some other relationship with either KK or Kneepads. Just deletes with no explanation.
The fact that TS went back and dealt with YA after they said no "supposedly" to his paying off the old legacy debt CD that the lawyers and TS missed and his close friend KK just didn't happen to mention to him "thats right KK wouldn't have known unless his wife told him right" tell me another story. TS is almost as much a ghost as Cavasin is with ACMG.
TS had not be looking to increase the AS, R\S or any other method that is bad for the commoner while leaving his E's untouched.
Jan 24th dilution will subside shortly 7 months ago still piling on dilution that doesn't hurt his shares or investment in any way but clobbers the commoners.
Travel and no response since then to any e-mails correct?
just grabbed it off my home e-mail and posted it
AZ here it is
XXXXXXXX,
Seaway Capital, Inc. acquired the public company, GSCR, for the
assumption of debt of around $1.8 million, but WiseBuys received cash
of
$1.5 million in return. (It was this cash that allowed it to acquire
Hackett's.) The net "cost" of the fully the reporting public company,
GSCR, was $1.8mm less $1.5mm or about $300k, which is about $400k below
market for such fully reporting public companies. If you are not
aware,
the going rate for such companies was about $700-$800k at the time of
the transaction. Management has no idea where a figure of $24 million
is coming from. Perhaps you can elaborate on this calculation.
The CEO receives a salary of $125k per year, plus the opportunity of
bonuses. Mr. Scozzafava's salary reported in the 2007 10K was the sum
of $10k in cash and a repayment of a loan of $250k, which was booked as
"salary." Furthermore, the $250,000 repayment by WiseBuys of the
personal loans of Mr. Scozzafava was transacted by WiseBuys in JANUARY
of 2007 .... around ten months prior to WiseBuys being merged into the
public company, Seaway Valley Capital Corporation. This loan would
have
been repaid regardless of whether or not WiseBuys ended up going
public. There is no way this repayment by WiseBuys of loans from Mr.
Scozzafava could be construed as "Seaway shareholder money" since it
was
repaid ten months before there were any "shareholders".
Mr. Scozzafava has personally invested into Seaway and WiseBuys over
$3
million of his money and his family has contributed an additional $1
million of their money. Other than the above mentioned $250k, neither
he nor his family have, to date, received any of those proceeds back.
None.
Sincerely,
Seaway Valley Capital Corporation
xxxxxxxx wrote:
> Does anyone actually work in the IR dept?
>
> Tom said heavy dilution would subside yet you continue to dilute?
>
> Prior to buying the shell Tom was very upfront and communicated with
> shareholder now that he has paid of kevins prior debt Tom has become
a
> recluse why?
>
> How much money is Tom going to allow YA to make almost seems like he
> may be getting kickbacks on their profits when coverting.
>
> What did we get for the overdebt shell we paid over 24 million for
and
> none of the money came out of Tom's pocket?
>
> If you continue to ignore my questions I will make a point to bump
> into you when you least expect it and you will answer my questions
> then as I am down over 70K because of Toms inept ability to run a
> company as he said he would and turn a profit yet he allowed his
> friend KK, his friends wife and his family to make millions at our
> expense.
Az AP has posted the answers to an e-mail I sent to IR regarding the cost of the shell etc.
Well it seems that the only reason IR answered one of my e-mails was because it hit a bone with TS as the last several with legit questions and asking for our CEO to make an appearance with a shareholder letter explaining why we have experienced such heavy dilution of late have gone into the round file.
It sures seems as though something is cooking behind the closed doors just not privy as others as to what. I don't believe he would attempt the R\S so many have hinted at as that would not be in his best interest (nether would taking it private unless he was willing to pay more then a dime a share) since it would probably cause him considerable health issues along with others in his inner circle. Just the worrying alone as to what the common shareholders would be thinking and plotting would be bad for him.
I fell for one scam ACMG actually 2 if you count the BS with WITM and have determined not to let it go unpunnished again no matter what the costs. I think he needs to alienate himself from KK and kneepads and make it right to the commoner otherwise his rep will be mud along with others.
If TS didn't retire a huge part of the current OS you would be correct but if and I say if he just happened to reduce the OS and retire lets say 700M shares while using some of his E's for the next aqua that would change the figures somewhat to the the better.
Many of us believed the 800K in escrow already sat in the OS but even if they didn't and TS was buying up conversion shares being dumped he could still take 60days before by the deal with YA to raise the OS so if in that 60 days he bought and retired shares so the OS was back lower then 2.5B he would be ok. At least that is what I remember of the CD's and the 800K escrow that he had 60 days after surpassing the 2.5B to either bring it back down or increase the AU
If I am wrong on my assumptions please tell me so.
well chunky if this puppy runs to a dime or more this year I will personally invite you to Sun barbarcue of prime steaks washed down with 1812 after we play a round of golf at Foxwoods. That is without an R\S
Sangamon per your PM (I can't PM u back) ducks are all in a row, not able to actually speak to hom but he was spotted, employee's where upbeat, still unsure of the structure and path he is taking. I know one thing any R\S or increased AS will result in its demise along with the management team behind him. He was spotted with his old pal. Something is up maybe the heat is getting to him, no reponse from e-mails even though they were written as a concerned shareholder without agression.
More then him, his buddy and the lenders in on it if you know what I mean. PM me an e-mail address and I will touch base outside of the hub with you.
not a bad day we traded 15% of the float.
So how many did they dump today? Probably won't hit the OS TA report till Wed but we are getting closer and closer to the AS if indeed the 800K escrow are part of the OS.
Hey Crash maybe once this is completed TS could have a shareholder meeting and become visible again while answering the many questions he has been avoiding of late. He could even have KK as a guest speaker to talk on how to get rich using other peoples money without actually working.
KK's wife could have a table off to the side and possibly sell those interested some hidden Cd's.
Come out of the closet TS and pay back those that supported you in the beginning never mind dealing with the likes of YA they are just money sucking leeches disguised as a lending business.
sorry about the double post please delete one thanks
Is this to be the fate of our CEO
http://news.yahoo.com/s/ap/20080703/ap_on_re_us/fugitive_executive
Bet there are those this ba$tard swindled that will be willing to pay some lifer to teach him about the soap on a rope.
Chunky what are your feelings if TS raises the OS to accomondate added dilution once the current OS is used up?