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.032 x .034
.032 x .0335
bid at .032
wrong, read the 8K:
"On October 23, 2007, Seaway Valley Capital Corporation (the "Company")
acquired all of the capital stock of WiseBuys Stores, Inc. ("WiseBuys"). In
exchange for the WiseBuys shares, the Company issued to the shareholders of
WiseBuys 1,458,236 shares of the Company's Series C Convertible Preferred Stock.
The Series C Shares each have a liquidation preference of $4.00 (i.e. a total
liquidation preference for the Series C shares of $5,832,944). Four of the
Series C shares can be converted into a share of common stock at 85% of the
market price. The holders of the Series C shares will have voting rights and
dividend rights equal to the common shares into which they can be converted."
There will always be a gapper with an event
The bid has already begun its rise. PERT on the bid at .031
stop read the 8K from the top down, merger completed as of yesterday as stated, also states that the OS is of the completion date
The 8K states everything is as of date of merger which was yesterday 10/23/07
so you are saying that a legal document filed with the SEC is FOS??
we shall all know soon enough
Merger completion is today...read on
from 8K
"On October 23, 2007, Seaway Valley Capital Corporation (the "Company")acquired all of the capital stock of WiseBuys Stores, Inc. ("WiseBuys")."
Remember how each and every time there was a post that the OS went up the PPS went down. Well, the OS went down! PPS should go up!
as per 8K, OS is 450M as of day of merger which is today
of course, read any red herring, prospectus, etc.... it has to be stated that way
Abby posting on lowtrade's board
http://investorshub.advfn.com/boards/read_msg.asp?message_id=23946121
They have to say it. The 8K has to disclose pros and cons
OS cited in the 8K: Today was the completion of the merger.
"SECURITY OWNERSHIP OF BENEFICIAL OWNERSHIP AND MANAGEMENT
Upon completion of the Merger, there were 450,099,879 shares of the Company's common stock issued and outstanding. In addition, there were 1,458,236 shares of Series C Convertible Preferred Stock issued and outstanding, which
could be converted into 274,491,461 common shares at the market price of $.02 1/2 on October 1, 2007. In addition, there were 100,000 shares of Series B Preferred Stock issued and outstanding, which could be converted into 80% of the
outstanding common stock. The holders of the Series B Preferred Stock and the Series C Preferred Stock have voting power equivalent to the common shares into which the Preferred shares are convertible."
only Tom knows when the 8K is being released. Let's all stop speculating.
Didn't Tom say this in a PR "In addition, WiseBuys is pleased to announce that it has received a commitment for sufficient financing to close WiseBuys’ pending acquisition of Hacketts. This financing will not involve the issuance of new debt or equity, but rather the sale of certain of WiseBuys’ non-strategic assets."
And thus we see dilution??
1,151,000 just traded at .0285
aturd streamer says it was done at .029
was it a buy or sell?
was at .029
Let's hope so. You can't believe everything you read, especially on the web!
We need an update now. Silence is deadly.
maybe Tom doesn't give a chit about his public office persona. Just lookin to make some Cash
TOM time for an update
now 100000
look at nite on the bid 50000
looks like the os has increased
first off, i am not a basher, i am long. but, imho there is a problem here. no pr?? the company issued them with updates in the past. why not now??
anyone have an os count for today?
we need some news, a pr, an 8k, something to make this pop. it isn't gonna do it on it's own unless there is an event to make it do so.
could this really be the week?? let's hope so. what a long strange trip it's been!
lowtrade posted this a few ago:
Posted by: lowtrade
In reply to: magyarbacsi who wrote msg# 9853 Date:10/22/2007 9:15:57 PM
Post #of 9857
magyarbacsi
SWVC
Thankyou, was waiting for someone to bring that here.
IMO the pump has just been primed!!
Volume below 10 mill several days, following slow 3 day climb, 2 day strong pop, with 3rd day pull down for a 11.5 mill reload. Just before this LEAKED news, "by an insider". IMO someone has the herds nose ring in their hand.
We will get what we want. More importantly, the big guys will!!!! Another major run at the end of the 2nd leg, and the second month of the up trend climb!! Hackett will be leg 3 month 3. Watch.
Tinfoil hat opinion;
Posted a while ago I was loosing my positive feeling about SWVC management. Now feel the original belief was an error. IMO this one is no different then all OTC stocks.
I'll say it now, I wouldn't trust this play to last past the 3 month climb! Just too many things here looking like all the rest! IMO this is 100% a PR hype play.
Didn't like the shell fill delay, because the CEO didn't know it would be better to takeover, then merge, and delays were PR'd as VCs converted at manipulated lower lows. Good CEO's plan ahead and know this stuff.
NOW a CEO releasing private info in E-mails to message board shareholders! CEO's just don't do that!!! Especially right after a run stopping on day 2, of a typical 3 day run, which was taken down mid day of the third day run, to close a 11.5 mill block order past a 61% FIBs retrace!!
This is all looking too, shady to me! You have been warned!
From under my tinfoil hat. This is not a long & strong OTC play. It's a buy & sell with the big guys. Sidelines from time to time play.
If the message board readers can't run this tomorrow and continue the run, with the big guys. Be worried. If the "NEWS LEAK" is supported by big guys, pull the trigger when the news comes. Because IMO this is a setup!
Decide for yourself. But remember, all runs with this stock to date, were before news! and they turned on news! The next 2 days could be as big as you have seen. But be causious about what happens when the PR of/or an 8k comes.
pls forward to me at dmfautogroup@gmail.com
thank you
it's chutzpah!
cdnkid10 you have said this many times before, why do you keep sayin it. of course at some point you will be correct!
i want to see a pr about the pending pr
anyword on the os for today?
why did they ban you at SWVC