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Not really...many eyes on this
Always in top ten posts, 760+ boardmarks here alone...
And picture a more positive 10K...viola...chasing starts
Many bought in down in .000x's flipping with a nice return...
Sucks that everyday can't be a RED day...haha
100 year+ company in niche marketplace with very loyal following....better than most scenarios....
Truth is these types of businesses are often cash cows when running at peak performance. This is exactly what is needed to pay off debt and generate funding for future acq's...
Jimz, with such grave thoughts about this Company, it is a miracle you are still here! Good luck to you either way.
I 'll wait till the quarterly to see who is doing the bulk of converting. If it's YA so be it - doesn't diminish my belief in the prosperity of the business as a whole.
I'd be surprised if YA was converting.
I think they are holding tight as part of the deal for Tom getting them paid off on the good ole "legacy debt".
at least they hit the ask!
I guess you will know soon enough..10K will show debt balances and you can see difference. It would say a lot about the YA relationship with Tom and SWVC if they aren't converting...
What if it is GGI converting and YA has no intentions of converting - rather they are waiting for paydown?
Has it been proven that YA is converting?
Even though they aren't audited, they are reviewed by the auditing firm for reasonableness. Most firms aren't letting these go out without a good examination - despite what the disclaimers say. Too many firms have faced litigation despite the disclaimer.
As for SWVC, the cash flow statement isn't that complex to generate, and with this Company I'm primarily focusing on net income (excluding non-cash expenses) and financing area (now what looks like repayment of debt).
Well, let's see..
*Quarterly filings have a Cash Flow Statement for starters...
*Some of the PR's speak of transition costs and sales from those...
AND MOST IMPORTANTLY, there have been no filings on issuance of new financing...
Unfortunately, no telephone number you can call every day to check...
Any new CD's being added? Nope
Keep track of o/s day by day if you must, I'm just watching cash flow, that's what counts in a start-up that deals in acquisitions and turn-arounds. As long as it's there, this will be just fine.
I hear you...same here...have to check in occasionally and then remember it's the same ol', same ol'. Luckily, I can wait :)
Why bother debating with those who really couldn't care less about what the Company does? They look at a chart and look at it tic by tic. IMO, your speaking one language and they another...
August 14th for quarter ended June 30th
I can't put a number on it until the Q is out, and we see who is drawing down versus who is staying put. I honestly think YA and the Graham's are holding tight. GGI is the one that makes me wonder...
Re-read my post, I think you missed a couple points I made. Tom did state in the PR "with respect to legacy debt"...whether you think he is a liar or not is up to you, but it certainly can't be based upon pulling a phrase out of context.
How much of the "dilution" that occurred in the past six months or so related to the LEGACY debt? By LEGACY debt, I mean the debt that we somehow inherited from the prior GS companies. My guess is that it is a small piece as compared to that which is being drawn upon now.
Hey Luck, not defending Tom by any means, but you can't pull his words out of context. He stated that the significant dilution was in regards to Legacy Debt, which is something he probably didn't need to even state given that there was less than $100K or so left as a balance back then.
All of this other increase in shares is on his watch, and relates to the equity financing he created to fund the purchases we now all boast about.
IMO, it will be very revealing to see the next Q and compare debt balances on the CD's. You will then know who the real partners are with Tom (those not exchanging), versus the quick money looking to get out (those exchanging rapidly).
IMO one of the CD's is being paid down through conversions and it appears that there are still very willing buyers to take up the additional float.
I still don't think YA is the one converting. I think they are in this as some type of partner arrangement with Tom. Perhaps it's a deal Tom made for taking on the "legacy debt" we all dreaded so much. And, such an inside deal is not something you could necessarily spell out in a filing or pr.
Keep churning the shares to pay off the CD, and allow the Company time to move into profitable status in future. As Tom stated, profitability of company will allow for share restructuring.
I believe it is GGI who is converting shares, so not sure why there is supposed to be such a "surprise" when O/S increases. But then again all that will be made clear in the next Q when you can see the balances of what is left in debt versus prior period. I am thinking this is not YA.
WF waived conditions last period. I hardly post anymore but find it funny when I pop on to read the same stuff over and over.
Long term play now. Gradual improvement in profitability as shown through successive Q's is what is going to raise the stock. Sorry that it's not going to be a tic by tic, adrenaline rush, "weeee" type of movement...but I'm confident operational results will turn profitable and profits cure many ills.
Overdue for a PR?? Averaging more than 2-3/week
Decent volume again
Better yet, do a 3:55 PM PR!
Need an A/H PR here
Tom's answer is in this PR excerpt regarding the significant dilution. AS you will see below, the expectation of significant dilution subsiding shortly is preceded by the phrase in bold below.
It's easy to see that Tom was referring to the legacy conversion dilution subsiding shortly. Yet, time and time again I read about Tom mis-speaking about further dilution...
"Management is focused on creating shareholder wealth with the potential addition of these assets and will continue to work to deliver these and others into the portfolio if and when appropriate. Additionally, with less than $100,000 of the legacy sub-penny convertible debentures remaining, we expect the significant dilution to subside shortly. Thank you for your continued patience and participation, and we look forward to additional activity in the coming months."
My take is that GGI has been the one converting, not YA - but I'm sure everyone has made their own conclusions...
As for me, I'm waiting to see what this Company can do when it has all the stores converted and has gone through it's busy season. Everyone can continue to beat the cr** out of Tom and everything that has transpired, but as for me, I'm waiting till we have the stores up in place and fully operational.
Maybe the share structure will be too muddy by then - maybe not...but I do believe in the business plan and a 100+ year old Company that is the foundation of the area is nothing to sneeze at. Tom's idea of taking over the stores and adding synergistic businesses to them is what it's all about. Unfortunately, it doesn't happen overnight and it takes capital.
Some would feel better by Tom explaining himself more fully. I really think that is what the filings are for. I learned a lot about who Tom is from the way he responded to our web squatting friend a while back. IMO, he is not the shady type many would like to imagine...he isn't pi%%ing in a foreign country with bottled air or blood diamonds, this Company is in his backyard and there is too much at stake beyond the get rich CEO scam. Just my opinion...
“A pessimist sees the difficulty in every opportunity; an optimist sees the opportunity in every difficulty.”
Winston Churchill
Don't know why we even bother looking at this tic by tic everyday. Pay back is going to come when profits start turning - so better off checking back in third or fourth quarter to see the progression of what converted businesses and marketing synergies can really do.
Watching this day by day is like the kid in the back seat chanting "are we there yet?, are we there yet?, are we there yet?"
Those name tags are gold plated!
So, excluding what you call paint. How do you break even on 2x the sells compared to buys? Why are we not down 15, 20, 30% today? I honestly don't know..but figured you have many answers as what is going on....Are you saying the reason we are up almost 12% today on a 2 to 1 sell to buy ratios of millions of shares is because of a 10,000 share paint job at the end of day???
Guess we will see in the next quarterly and you can match the balances compared to prior quarter. I doubt it will be YA's balance that you see as lower.
I understand where you are coming from...it must be buy time...
Posted by: JimsZ Date: Tuesday, June 03, 2008 3:16:02 PM
In reply to: crashman who wrote msg# 178947 Post # of 180852
I really need to free up some cash to flip some on this thing though... definately has always been a good flipper.
There are some out there that "believe" in this thing and will continue to believe all the way to the toilet, yet no matter how hard they believe, they can't change someone else's agenda. Yes, Tom's agenda... to make money for himself/friends/family.
Tom couldn't give a care in the world for us common shareholders for we are just stepping stones on the way to his lavish lifestyle
Darn, everyone punches out at 4...I'll try and ask earlier next time. Have a good one.
How does a stock go up 11% on 2x as many sells as buys??? Heck, I can't describe warrants correctly so maybe someone else here can clarify this
Hmmmm...makes you wonder why this stock isn't at .0001 already?
(v) Integrated Transactions. In case any Option is issued in connection with the issue or sale of other securities of the Company, together comprising one integrated transaction in which no specific consideration is allocated to such Options by the parties thereto, the Options will be deemed to have been issued for a consideration of $.01.
Ok, you tell me what to call them...
Rather than talk about warrants, help me with why YA hasn't converted the boat like it was said they would in May? Wasn't that the calculated holding period of six months back dated to Nov 07???