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Finally, something worth discussing on the SWVC board - VALUE!!!
This stock would be there if the SWVC board shut down for week... LOL.
Thanks Lucky,
Verisign is both a customer and a vendor as they provide the database backbone for the telephone carrier networks.
This also suggests that new business is added by... "telephone carriers to sell our TeleBlock service to their end users"
How many telephone carriers are there for the new sales guy to call on?
Maybe we can help! LOL.
Interesting call on the business model... Perhaps someone can clarify please....
Does COPI route new customers through Verisign's backbone? If so, does revenue flow through Verisign and then COPI?
Or, is Verisign both a customer and a service provider. Verisign sells services to its clients based on COPI's technology. COPI also sells its services to new customers and used Verisign as a service provider for their backbone.
Perhaps a chartist could summarize... any takers? I for one am very curious.
Now we're talkin....
1) Clean(er) balance sheet
2) Share structure clarified
3) REAL REVENUES on the way
4) Next acquisition?
5) Repeat..
I'll let the PRs speculate on that. I'm optimistic or I wouldn't be here.
SWVC is a holding company. The gains/losses in this report are not based on operations. They are changes in investments, divestitures, etc. Hence, you can't based any projections on these as they are one time events. Its the difference between Net Operating Income and Comprehensive Net Income. Comprehensive includs extraordinary items.
You have to look at the financial performance of the companies SWVC has invested in (ie Hackets). Hacketts revenues will flow through to SWVC's Income Statement for 4Q07.
Q3 ONLY = gain of $5M
Q1-Q3 = cumulative loss of ($4M)
However, I see few forward looking statements on Wisebuys/Hacketss and the financial picture they are expected to create.
Q3 closed before those deals were done. Therefore we're not seeing the impact of the acquisitions in the financials.
Key takeaway: the disclosure on the Cornell debt (or lack thereof) and dilution is GREAT NEWS.
A PR or two will address the rest...
funny...
The ink isn't even dry on this, the market is closed and there's 100 posts with conclusions on the SWVC board. LOL.
This means the one time 20M share conversion is done, yes?
Yes but market cap is ony $86k.
Abby - miss you at SWVC.
Good to see some optimism and the data behind it. Tried to add today but other plays didn't materialize as expected.
GLTY
Management needs to say something even if its what they had for lunch.
Do we know if the lights are even on or any business being conducted?
A very suspecious day.
A lose theory... pure speculation on my part:
the PR release of the 10QSB could have allowed Cornell to sell into the run (dilution). The company might have known this was their intention but would not have any control over it. Hence, the PR release instead of the silent filing.
If this were the case, I think we could expect another PR or filing soon.
At any rate, I hope a logical explanation prevails.
I hope Tom steers clear of CleanTech. I'm in the alternative energy industry and VERY few of these companies are making money despite 5 to 10 years of investment.
The two investments have no synergy. The business models and investor groups are quite diverse. He's better off keeping SWVC a pureplay with Wisebuys and Hacketts - profits, cash flow and real shareholder value.
If people wanted to diversify into alternative energy they could do that without SWVC and cleantech.
There was mention of the Hacketts NI in the Aug/Sept PR. Can't remember the nubmer but it was positive.
LOL... I know what you mean but unfortunately I'm neither. I made the decision to invest rather than trade. I've been in since 0.009 and have averaged up to 0.025.
Not a lot of experience with pink sheets until now but I'm a quick study.
GLTY
Yes - people have so much interest in SWVC that I even did a global search on "SWVC" and found your post. LOL
We all need to get a life but SWVC has been a heck of a ride.
PS. the ride is about to begin again if you've been following.
Profit is not necessarily cash. We've never seen a Hacketts Bal Sht to know their cash position or capacity to borrow.
Agree. Hacketts has earnings and cash. Remember they were looking to buy Wisebuys before Tom inveiled his grand plan to rule the world.
I'm betting the whole thing is cash positive with the inclusion of Hacketts.
GLTA
ABLE on both sides with 0.005 X 0.012. All the action is pent up behind UBSS.
COPI chart is looking GREAT! This will be a good month for COPI. Minimal expectations:
If the Q is good $0.03 PPS
If the Q is good and cash flow positive $0.05 PPS
There is plenty of room for COPI to exceed these expectations.
IMHO...
Braden - interesting proposition and very possible. If COPI has a good quarter we can conclude that Verisign is having success with the product.
What would the value prop be from Verisign's perspective? (data from IHUB quote link)
1) COPI revenues 800k for 6M or ~ 1.6M for 12M.
2) Verisign is 80% of their business or $1.2M.
3) COPI margin is 50% or ~$600k
4) If purchased, Verisign would realize an immediate savings of $600k.
5) COPI's current market cap = $486k;
If purchased, Verisign would realize an immediate savings of $600k while COPIs market cap is only $486k. Keep in mind that Verisign would have to purchase all the the O/S to have control.
A more detailed analysis could be done here but clearly COPI is undervalued (trading as < 1x revenues). Some cash flow and it's off to the races. COPI's management thinks they can do and they've put their money where their mouth is by deferring part of their salaries.
They wouldn't do this if they didn't believe and they wouldn't do it for long. I think they will have a great quarter.
Go COPI.
When was and what was the substance of the last communication anyone has had with an officer of the company?
The share structure seems to be coming into view and hence the market cap. What's fair value here?
Any one familiar with regionalize retail? What are the multiples for SWVC? Obviously its not going to trade according the the SIC code (I thinks it Finanacial and Information services). This company's focus (for now) is retail.
If the dilution is understood and contained, where is the PPS heading (subject +/- 50% based on the emotion of shareholders on this board alone).
Thanks in advance I'm looking now too....
Additional Facts:
The Hacketts deal also calls for an option pool for Hacketts management of 5% of common; 85% converstion. These are less dilutive as the company will get cash when exercise that helps the BS.
Some speculation:
The options will likely be used to incentivize the Hacketss management team to stay on and vest over several years. This vesting of options may coincide with the future payments on the Hacketts notes. They would excerces their option, the company recieves cash, and the cash is used to pay the notes due on the Hacketts deal. That would be slick in a good way.
I suspect we'll have $25-$30M in revenue, profitable, and cash flow positive with the Hacketts addition.
What are the valuation multiples used on retailers in this space? Anyone?
With the O/S as we know it, what is fair value PPS?
Did I miss something over lunch??? Are there more filings expected this afternoon?
Am I reading L2 right or is NITE holding the bid down? I'm new at following MM strategies.
The B class may be retired at a later date. For now Tom needs the control.
Both Tom and his sister are public figures in NY and actively involved in the business community. They didn't get there by being crooked.
Series B wasn't created for equity, it was created for control and why Tom owns all of it. C was created for further financing and Tom owns some of that too but most went to Wisebuy's shareholders.
No one would would be here including the Wisebuys and Hacketts managment if there was any intention of converting the B shares.
Hacketts will get cash and notes with an option pool for the mangement. Options are nice becasue when they are exercised, they company gets the value of the strick price. This cash adds to the balance sheet. The net effect on common shareholders is less dilutive.
So, no more renters like Payless, etc. where they make less margin. Now, they can get the 45%+ like other retailers.
Aren't they moving away from the "thrid party" model and adopting the Hacketts model? Hacketts markets its own products.
I belive that was stated as the reason for the revenue falling in '07.
I think it is a good strategy and another reason their taking the Hacketts name.
Matador is your email working? I accidently put you on igore for PMs and don't know how to reverse it.
Born
I would consider their "marketable securities" non core. I wouldn't rule out that they closed a store and sold the furniture and inventory. There is overlap with some of the Hacketts stores and not all Wisebuy's were doing well.
The shares are not going to Hacketts IMO.
The terms for Hacketts is described fully in the 8-k and Tom has personally guarenteed the cash portion.
Did you read the PR. They sold "non core assets". These are not shares...
Can one presume this is a bullish sign? If a "big guy" wants in and he has favor with the AX then it's likely he knows something about the direction this is heading.
IMHO
COPI could be kicking SW's A$$ if the company knew how to play the PR game and keep the MM's honest.
Without a steady PR flow the pennies fall under their own weight. There's not enough publicty to get ask support. Those that know about the co, want shares cheap and place bids below market. If the bid side is where the volume is, that's where the MM's will follow.
Without a PR or Q we're stalled - the disappointment of my holdings here.
Cargo's DD on the company is spot on and the company is solid. Management has even defferred part of their salaries in anticipation of being cash flow positive. This is UNDERVALUED and WILL run again.
Many thanks to Cargo, Imialover, and Braden who work their tail off every day to keep the facts straight and buoy the PPS every day.
I'm holding strong through the Q... longer if they meet expectations.
GLTA
Not sure what this thread is referring to. Wisebuys/SWVC closed on 10/23. Hacketts is to close by 11/30. The 8k referrs to the relase of an 8k and PR on Wisebuys/SWVC closing but we haven't seen the PR yet.
So you're saying that Assets don't equal Liabilities + Stakeholders Equity.
Mr. glass is half empty... that's 5.9M in assets also.