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SB... Do you have any idea what the max amount of shares; worst case scenario that GGI can convert?
I NEED SOME HELP!!. The PR on Arpil 1st said "In addition, the Company assumed other indebtedness of $1,117,719, of which approximately $150,000 remains outstanding. The remaining debenture accrues interest at 10% per annum and is convertible at the lesser of $0.015 or 85% of the lowest closing bid price of the Company’s common stock during the 10 trading days immediately preceding the conversion date. "
Now the O/S on 4/1 was = 1,019,710,917
And on 4/23 the O/S = 1,124,473,667
Diffrence added of 104,762,750 shares.
Let say for arguement sake that the conversion were taken place at and avg price of .005. That equals (104,762,750 * .005) $523,813.
Damm that's alot more money than $150,000. WHAT OTHER CD'S ARE BEING CONVERTED AT THIS PRESENT TIME? I'M I MISSING SOMETHING HERE?? [/B]
Kgeezy. Said like you spoke with Tom?
Did we have an increase in the O/S today?
Are those 1 million buys or sell going through on L2?
AP…. I truly hope this is the case but do you really believe that this will help unless it is coupled with the extinguishing of the current outstanding Cd's to have the appropriate effect for the SP?
If both of these are not done almost simultaneously, then the conversion of the current Cd's would put is back in the same position we currently in with respect to the O/S. 1 billion + O/S...
Maybe somehow Tom will come up the $$$’s to retire some shares and also as some have eluded to….. may have already renegotiated the current Cd's for the exchange of 134 million warrants to YA.
If we got both of those piece of news at the same time then we would shoot through the roof.
COULD THIS COME TRUE?
Yeah you might be right but retail shareholders are the only group PAYING OFF THE DEBT
NOT TOM!
i'll call because i have a couple of questions and make the suggestion that a shareholders confrence call would be good. Dang it would only take 30 minutes for the call and can be set up in no time.
Anyone think he would set one up for shareholder questions or does retail ONLY owning 11% of the company really justify him taking calls from retail shareholders?
AP, Soapy, TJG, any of you want to comment
just a pipe dream!
hoping for a miracle because that is what it's going to take to get this moving north of .01...
News after the bell. Remaining legacy debt finished. IMO
How can you tell that accumlation is happening?
The bottom line is when is the dilution going to stop!!
Can we expect as the 10k said the possibility of "The issuance of shares under our convertible debentures agreements could increase the total common shares outstanding by 81%." " The holders of the debentures could convert such debentures into approximately 807,466,375 shares based on the market price on March 31, 2008. "
Then how large will the O/S be then close to 2 billion?
For those who state that a focus of a share reduction is the companies next step. Yes that would be great but a share reduction would have to be coupled with an elimination of remaining CD's otherwise the share reduction is pointless if the CD's remaining could another 800 million shares to the O/S.
WE would be back to where we are now.
No news will push this over 1 cent.
I don’t see how there is anyway possible at this time to do either because both of these items takes $$$ cash to achieve and SWVC does not have the funds to do so.
If they did Why would they be entering into these CD's agreements for cash in the first place?
Almost where?
AP.. I like that we own 3 piece of real estate outright but I look all three of those propertie record up on the tax assesor website in New York in the county they are located (St lawrence county) & none of the 3 properties were appraised by the county at more than 180k. I do know that county typically appraises values 10-15% lower than market price. FYI....
AP.,, this thing about intrinsic value is a little overstated on your part. I wish we could actually see that is happening with SWVC but how can you equate a increase dump of over 800 million shares to retail shareholders over the past 6 months and the value outlined in the 10k.. I dont see it. If you do point them out to me.
All I see from the 10k as it relates to the possible intrinsic value that might of been coming is:
>Hackets turning a profit. REALITY IS THAT THEY ARE LOOSING MONEY
> A new acquisitions.. NOW WE FIND OUT WE ONLY GETTTING 22% OF North Coutnry Hospitality.
Futhermore we now have another new CD to JMJ financial and the possibbility of 800 million more new shares added to the O/S.
Is this the intrinsic value you speak of that TS is bringing into SWVC?
Need some help: Am i reading the 10k correct. Hackets as a store in 2007 had a Net loss of (6,181,726) and in addition we Acquired only 900,529 in assets..
We the shareholders paid 6 MILLION DOLLARS for this outfit. What am i missing?? Any retail gurus out there.... that does not seem like a good purchase price.
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The following is unaudited pro forma information for the year ended December 31, 2007 and 2006, as if the acquisition of Hackett’s were consummated on January 1, 2006. The pro forma information is not necessarily indicative of the combined financial position or results of operations, which would have been realized had the acquisition been consummated during the period for which the pro forma financial information is presented.
2007 2006
Revenue $18,804,301 $18,578,898
Net income (loss)(6,181,726) $248,463
Been in meeting all day. In the 10k is the new acquisiton a percentage of the North Country Hospitality outfit?
I agree with this post to a degree. There has NOT been an even trade off between the amount of dilution we have taken vs. the intrinsic value people often post about on this board.
I think the 10k will have to show some improvement in the bottom line of Hackets/Wisebuys AND also a quick announcement of our next acquisition before I can really determine if this has been worth the wait.
Plus this acquisition thing..TS said in a PR weeks ago that the closing of this was "within days" ..WTF happened?? Days have turned into weeks....There has to be some reason behind the timing of this announcement. If not then I'll call by the end of the week and see where this stand period.
so are you bailing on your investment in SWVC?
why dont you call TS yourself and ask him about your concerns vs. relying on posts from this board.
i might agree with the 2nd cat.
the first one of "Longs" being tapped out... Come on. Heck $5,000 could throw 1 million shares on the tape. With all the hype on the internet boards....SWVC all over the web... 1 billion shares outstanding...and we have been seeing these low volumes the past couple of days.
Something does not seem right IMO
like the comment on common sence.....
Good repsonse; was not aware of the mess KK had created. There probably was a lot of items Tom was not privey to when he was invovled with the Greenshift family.
yeah he did not sign it but should of known the affect it would have on the o/s as he dropped a TON of shares for around 100k worth of debt on the retail guy...... and please dont say he was unaware of the that cd when he bought the shell..that is bogus..use common sense.
SB...you referring to the 100k legacgy debt we just satified?
AP.. Any word on what happened with Ludlow Capital. Are they still covering SWVC and looking to set up an investors confrence..Anyone know?
Why aren’t more people buying with a 10k coming, acquisition coming, and possible news of share reduction or CD payoff within days?
WSF..Is that news you heard from Scothfix.. Is he still posting?
Yeah me. That's it. You nailed it.
Who was the peson on the board that mentioned that Tom might pay off some or all of the new Cd's from the payout of GS Agri merger?
Good or bad?
I'm new to the board. What news are we waiting on?
It's a buyback! But that is not what Tom did before. He retired the shares..he did not buy them back in the open market.
Yes AP you are correct he does have a history of "Reducing the OS" but not a history of a "Buyback of Shares"
Aren’t these 2 different things?
several until i have an answer that uses some logic...not IMO.
AP.. One more question in line with a Cd repurchase.
Where would the money come from to repurchase shares/reduce the O/S that has been mentioned by a couple of you on this board.
With either a reducing of o/s or repurchase of cd's or both. IT TAKES MONEY. AND WHERE DOES THAT MONEY COME FROM.
AP.. You really do believe that all the other "Cd's" will be bought back before one share hits the market?
You have mentioned this several times. Where will this money come from to pay them off early??
Because common sense would dictate that if you had to borrow the money in the first place how can you turn around within a very short period of time and pay it off. The new Cd's are a significant amount for SWVC...A couple of million dollars worth from YA/GGI.
Only 1 trade in almost 2 hrs. What's going on?
these guy are a joke. I personally know someone in this line of work and what he told me does not surpirse me... OTCBB companies pay these PR firms way to much for a bunch of nothing.
I do....seems like when volume gets low...The MM know a dump is coming so they load that invetory up then sell at a profit.