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Here is a little pop-quiz on SWVC. All of the answers can be found in the filings.
1) How many millions of dollars did the company as a whole lose in the last three months?
2) What was the percentage of share dilution in the last 3 months?
3) How much over value did Tom pay for the acquisitions?
4) What percentage of the corporation is actually owned by the common shareholders?
For the essay portion of this test please explain how much of an increase in revenue before taxes it would take to pull SWVC anywhere near a break even quarter, and how that increase would happen.
Tom left the shareholders adrift in a leaking rowboat, with no compass.
If Tom knew how to turn crap into crayons the shareholders wouldn't make any of the money. All he can think about is him and his family/cronies. He has proven time and time again he has no regard for the people who actually put up the money, including you.
Wait till the end of the year gets near and people start selling this pig , so that they can write off their losses. .0001 will be what Santa brings the "true longs, strong hands, bagholders, and SWVC big fans".
Anybody heard anything about when the R/S and the new A/S happen?
This is one of the most blatant rip-offs I've ever seen. No value in this stock no how
About the only hope anybody could have here would be based on "what if's" , because the reality of the current situation is hopeless.
You are 100% right. In the face of hard numbers nobody is stupid enough to believe this is a viable company. The only people who defend Tom and the company are either promoters or bagholders.
No matter how much lipstick you put on this pig , it won't fix the fact that all businesses owned by SWVC are up to their neck in debt and losing more money each and every month. NO ONE WITH A PROFITABLE BUSINESS AND LOW DEBT WOULD EVER CONSIDER SELLING TO SWVC FOR A BUNCH OF THEIR WORTHLESS STOCK. All that will happen here is Tom will continue to dilute for enough money to keep the boat afloat as long as he can. There are not , nor will there be, any magic pill that will make all the debt, interest, and losses go away. Final results total default and or BK.
I can't even remember how many times I've heard people blame the crap performance of a stock on shorting. It is only an issue to someone who is either pumping a stock or is totally uninformed. You would have to short so many shares of a stock at this price---hundreds of millions of shares. The open short info is available on all stocks, but that info is always pooh-poohed by those who would have you believe the performance of the stock is due to a conspiracy, rather than the fact that it it just not viable.
All of the folks here trying to catch the falling sword will probably have an opportunity to "average down" some more today. I'm guessing we'll see some 2's today. If you liked it at .001 you oughta love it at .0002. Maybe this is Tom's reward to the "True Longs".
The time will come when people are going to he and his sister's homes and offices demanding answers or worse. They won't easily walk away from this--they've cost too many people their money.
How many more years were they going to be in business losing money like they were when SWVC acguired them/their debt?
Let's say I buy a hot dog stand from it's owner. I give him some stock in my new hotdog, inc. as well as a promise to make payments to him for the next 2 years. I also assume all his debt (and borrow money against more of the hd,inc. stock to pay the debt off). The prev. owner loves the deal because the stand was losing money (hence the debt) , the stand is bolted to the ground and isn't going anywhere, and he no longer owes the debt. Plus, until the payments are made the prev. owner still OWNS the stand. No matter what you acquire , until you pay for it you do not own it.
A year later I have run up a butt load of new debt, have paid myself all of the cash flow, and with the stand STILL losing money I default on the payments. The prev. owner gets the stand back and I walk away with all the cash I took out while I was there. Who got screwed you ask. Anybody who was stupid enough to invest in my idea lost their money. Sound familiar?
Patience is a symptom.
They are trading shareholders equity for debt and keeping the cash flow for themselves and when the pie hits the fan, the acquisition sellers will retrieve their companies minus the debt. The shareholders here have allowed themselves to be robbed.
The new 8K says it all---SWVC wasn't losing money fast enough, so they bought another loser(345,000 first three months this year). How in the world does anyone think they can pay off the debt faster than they are losing money? Each and every acquisition of SWVC is losing money. How do you abbreviate bankruptcy--SWVC
It is just my opinion that while this may or may not legally qualify as a scam the results to most of the common shareholders will be the same--a near total loss of their money spent on SWVC stock. TS and his cronies have no conscience about other people's money.
And they are making so much money they can drop 20K just on a fee, because they weren't able to abide by the terms of their agreement with Wells? You're right . They must be making big money. Wonder why they report all losses in their filings?
How many times are they gonna use that money--inventory, debt payments, Wells fargo?
Where is the $ coming from for the new inventory? If you don't believe the Hackett's and the Wise Buys are losing money you you are blind to the filings.
What in heavens name do people not understand about SWVC. It owes for everything it operates and everything it operates is losing money--big money. How does anything ever get paid off in this scenario? IT DOESN'T. If you are looking for some magic bullet in the form of a windfall from TS's dealings with KK you're going to be waiting till hell freezes over.
They owe against the inventory in all the stores. Remember Wells Fargo?
The 10Q wiped all the lipstick off of this pig. It is what it is
When is thre last time , month year, that any of the holding companies current holdings make a profit? Long long time ago in a place far away(thank goodness).
I think a better word would be unravel.
I think that speaks to the need for the RS and increase of AS loud and clear.
That is $20000 (twenty thousand) dollqars shot down the drain and 3% added to the interest rate because of BAD MANAGEMENT. They knew they couldn't perform ( they had all the numbers) and took the money anyway, because they had to have it to stay afloat. When you are losing more money every day the hole gets deeper, faster.
the good thing is you only have to hit 1 out of 10 to break even. This won't be the 1
Patience is a symptom.
Some say we should be patient--- a business most likely won't be profitable in the first year. Unfortunately all of the acquisitions were several years old, some decades, and they were dropping money like a drunk sailor. ( no offense meant to sailors)
I think the lawsuit is a red herring designed to take attention away from what really happened/is happening.
The typical "long" in SWVC will be flabbergasted when they see how fast the PPS returns to .0005 after the RS. It won't be weeks---it will be days.
Anybody that uses charts to buy or sell sub-penny stocks will always be butchered by the spread.
The new 10Q says it all/-----this old pig got no wings---just a butt load of debt and no profits to retire any of it. "Turn out the lighttts, the partys over."
mickelson, allenby, garcia, appleby, scott, goosen, howell lll, calcavecchia, rose, kuchar.
Looks to me like the agri-fuel biz % some say will be mailed to SWVC lost over 25 million last year. A perfect fit.
The compant that I think we are talking about 30% of merged into a company that lost 25 million dollars last year. How much of that do we want?
before you delete that--IT IS A JOKE--sometimes I have to tell them that.
I should nave known anything as close to Canada as this company is would probably result in beer being it's main ingredient. lol
good luck
I don't understand how a source of company information such as this can suddenly be dumbstruck by what appeared to be the complete opposite of the information they portrayed as cast in stone. I would personally be embarrassed, but would either explain my resources, thus explaining the confusion, or be spouting off about being duped. jmho