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It's All in the Family. Abigail is now the sister-in-law of Chris.
January 25, 2008, Page D6, Watertown Daily Times
ABIGAIL L. NUGENT, ERIC T. SWARTZ
Abigail Leah Nugent, Potsdam, daughter of George and Marilyn Nugent, Watertown, was married to Eric Thomas Swartz, Sackets Harbor, son of Maureen Swartz, Watertown, and H. Thomas Swartz, Altamonte Springs, Fla., at 2 p.m. Oct. 13 at St. Anthony's Church with the Rev. Donald A. Robinson officiating.
The bride was given in marriage by her father. Hannah A. Nugent, Potsdam, was her sister's maid of honor. Flower girls were Annabelle and Aliza Sovie, Emma and Molly
Complete Article, 202 words: Purchase article
To all on this board:
As much as it has been painful to watch our investment here reduced to almost nothing, it would be much worse to know that we have not taken the steps to shield ourselves while we have the opportunity from the national/worldwide financial calamity that is in the making. It is my hope that each of you have prepared yourselves for what may lie ahead. If you have not begun to protect your assets, please do so immediately. May God bless you all and help you to protect your families and other loved ones.
Believe me, Tom does pay attention to what is being said on IHUB. Whether or not that is time well spent is for others to decide.
What a joke these markets are...
The Feds are Painting the Mother of All Tapes! They want it to close above 10,000. Hahaha!!
Notice how the Feds have stepped in to prop the Dow up once again. What a bunch of crooks. Prop it up just long enough for friends and cronies to bail, then let it drop like a rock in another couple of days. Rinse and repeat.
I kinda feel left out today. I lost 95% of my money months ago.
Another fox in charge of the chicken coop.
The Dow is falling off a cliff...
The aforementioned yacht...
Maybe Tom should tell us all what the truth of the matter is.... because if I have no clue then maybe he has the responsibility of straightening me and the rest of us out. But that would require him to address shareholders, but that seems unlikely seeing that he has neglected that end of the business as of late.
Here's a e-mail I sent to Rachel Hanley at the Watertown Daily
Rachel,
How are you? I wanted to keep you apprised of unfolding news on the Seaway Valley Capitol story.
You will remember me. I was the fellow that spoke with you via phone about my inability to make any headway in bringing attention to the worsening financial disaster taking place at Seaway Valley Capital under the mismanagement of local resident Thomas Scozzafava. The situation has worsened considerably since our conversation last month. A reverse split was enacted causing current shareholders to lose 80% of their share totals, and the limit for authorized shares has now quadrupled to 10 billion. The post reverse price has fallen to a point where the entire company is valued less than $200,000. There is now fear that Mr. Scozzafava will take the price so low that it will cost him only pennies on the dollar to buy all the outstanding stock and take the company private. He will have succeeded in using common shareholders to finance $40,000,000 worth of purcheses for what may only cost him $100,000 or less out of pocket. Nice deal, huh?
On several stock message boards, there is now a unanimous ill feeling amongst shareholders against Mr. Scozzafava in light of the plummeting share price, and his absolute refusal to address shareholder concerns. We are not talking about 5 or 10 people, but several hundred, some of whom have been quite animated with both veiled and unveiled threats against Mr. Scozzafava's person and property. I know of at least one person who has taken time in an attempt to track Mr. Scozzafava's comings and goings...although I am not sure if he had any success, because Mr. Scozzafava seems to be in hiding.
At one point in time I had a letter published on one of the Upstate New York political blogs that tied Dede Scozzafava to the management team. I was incorrect about that point...she had been an officer when it was Wisebuy's but became, technically, only a "passive" investor when it became Seaway Valley Capital. But to be honest with you...how can she not know what is going on with that company when she is the CEO's sister? Just a question that may have an interesting answer. And what do people on the streets of Watertown and Gouvernour think about having one of their own legally milking $40,000,000 from common shareholders over the course of the last year and 1/2 in order to build a local empire, only to cast them aside like a spent condom when their usefulness had ended?
I am afraid for Mr. Scozzafava's safety. There are some very very angry people who are not taking kindly to beeing fleeced by someone who is perceived to be nothing more than a cowardly, two-bit New York pretty-boy hustler. And I am afraid that this mess will not reflect well on his highly regarded sister, Dede. Her association with the company (she is a MAJOR and PROTECTED investor) will not be looked upon lightly by those who would wish an end to her fledgling political career.
There is a story here, if you care to look for it, no matter what your editor thinks.
Sincerely,
Timothy XXXXXXX
XXXXXXXX, Illinois
In my book, Tom is a cowardly, dishonorable man who knows no shame. He hasn't had the guts to address the concerns of commons for almost a year now. Pathetic.
What a waste of time. Tom has known for MONTHS the issues commons have with him. But you can pretend if you want.
Wow, open road ahead....he just needs to fill the tank and floor it, eh?
In retrospect it would have been easier to be robbed of my $25,000 at gunpoint. The result would have been the same, but at least it would have been over quickly.
Tom is an angel.
Tom is very moral.
Tom is above reproach.
Tom can do no wrong.
Tom is a financial genius.
Mav, which is closer to the truth? What JimsZ said or what you see written above. Maybe Tom can sue me for defamation of character.
Just passing on what people are telling me. I have long since believed that our only hope to resolve this issue is to shed some light in the public square. I will continue to press our concerns toward that end.
I am considering calling and talking to Dede again. The last time we spoke was when my letter first appeared in the local rags and blogs in the area. She was not initially pleased, but I think she understood by the end of the call where I was coming from. Wonder if she has any questions for her brother about the state of the company now that the pps has dropped to almost nothing.
I spoke with Rachel Hanley of the Watertown Daily...we have been in correspondence off and on since the Wisebuy credit card theft of last December (an issue that has still not been resolved). I have been pushing the managing editor, Bob Gorman, to see whether or not their newspaper would do any investigative reporting on the concerns I have expressed in a number of e-mails. Although the company is high profile in that area, because of their small size, they are limited as to what they can pursue....meaning that they can't afford to be pro-active, but are limited to being reactive. Rachel said that the only hope we have to get some publicity that would get coverage in their paper, would be if a large group of us signed off on a public letter stating our concerns with how management is handling the company.
There is NOTHING here...even God himself would be hard-pressed to save this one.
Funny how people still believe that Tom has their best interest in mind. What a pitiful sight to see long term holders left swinging in the wind. Tom is lower than roadkill.
Wall Street whizkid, my patootie.
Ooops...sorry Honey, I paid $9,000,000 too much for the company.
Misfeasance at best. Some could make a case for malfeasance.
"If voting changed anything, they'd make it illegal." - Emma Goldman
Ha Ha...somebody has a sense of humor.
...with the resulting drop in boardmarks. This place will be a ghost town if Tom doesn't step up to the plate.
Tom says he owes shareholders? Which ones? It'll be too late for the great majority. Most of the early shareholders, i.e. those that bore the brunt of Tom's misfeasance, are long gone and will never benefit from anything that Tom plans on doing.
'Crook' implies that he got caught breaking the law. He may be too smart to do anything 'illegal', but knows enough that even if he did, odds are that he would never have to face the music.
My e-mails to SWVC, Hacketts, and Sackets Harbor Brewpub go unanswered, although the Brewpub people were very friendly when I called several weeks ago. Even my contact with the Watertown Daily editor is getting nowhere, although WDT reporter, Rachel Hanley, was very responsive to my requests concerning the Canton store Wisebuys credit card theft. No one seems interested in touching this story. Maybe they don't want to be the ones who are responsible for sullying the reputation of Prince Charming.
"If voting changed anything, they'd make it illegal." - Emma Goldman
Has Tom made us squillionaires yet? He said he was creating shareholder wealth, but why am I eating out of the dumpster at Taco Bell and livin' in a cardboard box? Geez, these savvy Penny CEOs sure got the nerve to take our money, and then leave us the bill to boot.
I was really hoping to retire soon, but I see Tom's got us on the 50 year plan.
"If voting changed anything, they'd make it illegal." - Emma Goldman
Good for you...I hope for your sake it happens, but for the life of me I have no idea how its going to happen.
C'mon Tom, can you spare a dime? You owe us BIG time.
Wow...only a 40 or 50 banger away from recouping your losses.
A dime is a 165 banger from here. We are lower than roadkill.
Wake me up when it's a dime....Rip Van Winkle
"If voting changed anything, they'd make it illegal." - Emma Goldman
Still holding...sometimes miracles happen, but if God doesn't come through, I still have the IRS to bless me with a tax write-off.
There is no Ace up Tom's sleeve...it's a pipe dream. He took a huge risk investing in a chronically depressed area of the country, made some bad choices on the shell and helping out his buddy KK, ran into this thing called a recession, underestimated how vicious YA/Cornell can be, lost control of the share price, and is now scrambling to keep one step ahead of disaster. IMO, 98% of all common shareholders will not only not make money, but will lose most, if not all, of their investment.
"If voting changed anything, they'd make it illegal." - Emma Goldman
What, no new beer PRs? How does Tom expect 1812 to become the next Sam Adams? You gotta spend money to make money......hmmmmmm...oh, that's right, we're practically broke. Are Hacketts employees being paid in Continental dollars...er, I mean shares? Feed ARCA! Hey, Tom's "creating shareholder wealth"!!!!
FYI...Still no arrests made in the Canton Wisebuy CC thefts.
I wonder who all is under investigation? With this crowd, one can never tell.