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You forgot some of the 0's
There has to first be someone to sell it to.
A lot of gravity on the pennies.
I was just figuring 5 times .0005.
Is the estimated PPS after th RS estimated to be 1/4 of 1 cent?
Yeah, And they can't even sell 25 mil shares without dropping the price 16%
SCAM ALERT. THIS STOCK HAS NO VALUE AND WILL RESULT IN THE LOSS OF YOUR MONEY.
The reason he paid the loans off is he did it with shareholder equity and he owns over 80% of the property PAID FOR. Doesn't take a rocket scientist to figure that one.
Why is the PPS ridiculous? It reflects the market value. Any stock is worth what someone is willing to pay for it. What assets or positive net earnings do you base your opinion on? There is only debt and some inadequate cash flow.
I thought I might stand in front of the new store in a sandwich sign that says " This Company Sucks".
Singh, Furyk, Appleby, Goosen, westwood 275
I know a guy at Wells Fargo. I wonder if Tom's loan contact there is aware of SWVC's total picture.
I disagree. Most of what is posted is easily researched. The pie in the sky posts are supposition, but the numbers are cold hard facts---if you believe the filings. Tom is too smart to lie in those.
Today the price is dropping like a pig with a bad leg on no volume. They'll have to be careful dumping now or this will drop to .0002 in no time.
And would soon be reduced by 80% or 75% depending on how you see the RS and the increased AS.
They weren't losing enough money with 9 stores--so they opened another one. This generates cash flow that is leveraged into more debt. I can't for the life of me understand why everybody here was so excited about the debt ridden shell acquiring a losing (3 mil per year) company that bought more losing assets with shareholder equity. And the most exciting PR they can put out is that "several hundred" cups of beer were marketed at an event that had over 200,000 people attend. I must be too dumb to get it.
This shows ecactly why his sister and family went along with the SWVC deal. They were almost 3 mil in the hole 2007 and staring down the muzzle of another catastrophic year. They had to get out from under the gun--and make some nice money doing it---and still own 90% of whatever tangible assets still existed.
It's impossible to find that many ignorant people . Would you go into a stotre and pay full retail instead of the sale price. Your statement makes no sense whatsoever. You must be a LOT smarter than me.
How many people do you know that can sell a losing business for good money and still own 90% of it, then tell the new owners they really only own 1/5 of what they paid for. Tom did.
Tom should write a book after he finishs this one off. This was the perfect example of how to fleece the public without ever breaking the law. Most people are too ignorant to invest in this type stock and are greedy enough to swallow the hook when it gets dangled by one of these boards. I feel sorry for people that have lost their dough, but "Buyer Beware" is always the best policy on one of these little piggy stocks.
The next one for SWVC will be 1000 to 1 or more, when someone next buys the shell.
I bet the A-frame sign is rented. lol
What part of what is there belongs to SWVC? The name. Everything else is consigned floorplanned , rented, or leased. Of what remains the common shareholders have less than 10%. Makes me proud just to think about it. sigh
That hits the nail right on the head. Tom is in complete control and has what appears to be total disregard for shareholders value. Those fluff PR's about how good the beer tastes were only used to try to pump up some share sales. Anybody ever put a pencil to how much beer they would have to sell to return a reasonable profit on the purchase price of the brew works? More than half of Canada can drink. lol
"What is a public company if not for a good ahare price"?
A PUBLIC COMPANY IS FOR DEBT FREE FINANCING.
ME THINKS IT STINKS.
Key Phrase--NO DISSENTER'S RIGHTS
LET'S ALL DO A SHOW OF HANDS--
1) How many people bought this stock based on Tom and his sister's rep?
2) How many people think if you put several losing companies together it will make them a winner?
3) How many people think all the dilution was in stockholder's
best interest?
4) How many think a RS of 1to5 is done for any reason other than to permit further dilution?
5) How many think raising the AS by 4 times is in the best interest of the shareholders (common)?
6) How many think that common shareholders actual ownership in the company being less than 9% makes this a "Good Deal"?
If you can answer yes to all these questions, congrats!!--you
have achieved total denial!!!
I wish that was my position. SHORTS TO DA MOOOON1111
That type of reasoning is probably what allows Tom to sleep at night---on his mattress filled with OPM.
I can't come up with what would be good news enough to move the price up. Maybe the beer is a cure for anorexia. LOL
I think we should start a letter writing campaign. We could put in our questions and concerns and mail them all to DEde at the assembly house address, She may even have an office there. Wonder what her fellow reps would say when they saw here receive 5 or 6 big sacks of mail.
If it runs any faster than it is right now , it's tennis shoes will catch fire. To da bottom!!!!!!
Yeah. another great PR about having sold a dozen more kegs of beer at a barn dance.
I like his side of the deal -- a lot. He practically owns all of it , made money on every acquisition, and no one has the power to insert their opinion into the operation or finances. Brilliant!!
Right---that will be after the RS.
And once again all those shares only own between 5 to 9 % of the company---not the entire company.
I always think something is worth what you can borrow on it. The common stockholders stake in the company is worth what now---5% of the total company? So take all the stock from common stockholders and say what is THIS worth to a lender.....
I'm guessing about 200K.
Anybody that can count to 20 without taking off his shoes can see what happens here. If you can find a group of people stupid enough to buy stock based on sales of a few kegs of beer at an event with hundreds of thousands of attendees---go for it Tom. A sucker and his money don't belong together.
I'd guess he already has and still has plenty of time to ddocument it.