Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
The kind of stuff that Tom is doing HAPPENS ALL THE TIME. There is nothing here that hasn't happened before to any number of shareholders. We are only astonished because now it's happening to us, so we continue living in denial; defending what is indefensible, making excuses for his failures, and placing hope in ever more improbable theories of snatching financial victory from the jaws of defeat. It's no different than battered wife syndrome.
Disregard? Hardly. He's not done with you yet. It's only a one for 5 because if guys like you lose hope, then his plans are thwarted. He wants to bleed every last drop of blood out the commons...then he'll discard them.
"No one has lost unless..."
That statement is worse than a telling a lie. That mindset has lost more people more money. Indecision...Like a deer frozen by the headlights of an oncoming car. Yeah, he's not dead yet, but just give him another couple of seconds.
A letter just sent to the Watertown Daily editor..
Bob,
When I first e-mailed you several months ago questioning the motives of Mr. Scozzafava's business dealings, it was in hopes that your paper would be able to do what common shareholders were unable to do; i.e. to get Tom to address shareholder concerns. Well, it's too late now. After adding over a BILLION shares to the share count since the end of 2007, Mr. Scozzafava has added insult to injury to loyal shareholders by scheduling a reverse split of the common stock thereby robbing current shareholders and ruining any chance of thousands of people of ever seeing their hard-earned investment dollars again. I believed in Tom's vision for Upstate New York, and since his reputation seemed for all intents and purposes to have been above reproach, I wholeheartedly invested several years worth of savings into Seaway Valley. I have personally seen the value of my investment fall from $25,000 to less than $700 in a year's time.
You KNOW me...I'm not some fast-living BMW-driving day trader looking to make a killing on the Hot Stock of the Day. I own ONE car. It's 5 years old and has well over 100K miles. My house is valued at less than $150,000, and it needs remodeling. You've been to my business website and have seen that I'm just a hard working middle class stiff trying to build a retirement nest egg. But what has loyalty and patience, numerous phone calls, and a multitude of e-mails, gotten me? You figure it out...you still seem to think Tom and Diedre can do no wrong. No, let me reframe that...you were more concerned with talking via the phone vs. using e-mails that you neglected A REAL STORY...and it is all too late to do anything about it.
Tom Scozzafava, his sister Diedre, and a couple of friends and family members all look to be protected from the financial calamity that common shareholders now face. They will make out like bandits...and I'm sure the Wall Street wunderkid has wrapped all his financial wheeling and dealing in legal jargon that will prevent him from spending any time behind bars, and people in upstate New York will sweep it under the rug, while whispering amongst themselves, "Well, I'm glad it wasn't me!"
Tom, and his son-of-a-convicted felon business partner, Chris Swartz, have screwed every common shareholder and they didn't have the decency to even use soap. There is going to be hell to pay, and I'm hoping it doesn't get ugly.
Sincerely,
Timothy XXXXXXX
Champaign, Illinois
--------------------------------------------------
Note: I was the shareholder who had some of his letters published in several newspapers and blogs in Upstate New York.
"If voting changed anything, they'd make it illegal." - Emma Goldman
Tom's indifference to his common shareholders has been appalling.
Why would Tom continue to work with YA? YA basically told Tom, "I want to screw your shareholders. Can I?...to which Tom said, "Go ahead."
Not sure that looks make a difference.
"If voting changed anything, they'd make it illegal." - Emma Goldman
1/2 of a 1/10 of a PENNY. Gimme a microscope!
"If voting changed anything, they'd make it illegal." - Emma Goldman
$25K original investment now worth less than $1K
No worries of course, Tom is "creating shareholder wealth". What? You don't believe me? Check the news releases. Tom would never lie to us, right?
I'd rather laugh with you, not at you.
"BIG boys never lose"...absolutely hilarious.
Scozzafava in the news...
http://www.watertowndailytimes.com/section/breakingnews
Gay rights group donates to Assemblywoman Scozzafava
"If voting changed anything, they'd make it illegal." - Emma Goldman
"Well thank god it is slowing down dramatically!!!"
That is hilarious. I'm glad you haven't lost your sense of humor in all this.
2,043,142,107 - 911,391,917 = too many
For all you math-challenged types...That's ~ 1,133,000,000 shares added since the "date which will live in infamy". Monthly average = 188,000,000/month. MAN...I sure do hope we're getting something more than the shaft in exchange for all this paper, because this subsiding dilution is killing us!
Wishful thinking...IMHO. The economic outlook is bleak at best, and is one of the reasons I don't think that Tom can pull it off. If he can build his empire in this kind of economic environment, then he is too good for the small potatoes of OTCBB-land.
Too funny...the much-talked-about-but-never-realized 10 bagger can be had at ever lowering levels. Anybody want to guess the "bagger" number to get it to a dime?
Doesn't pass muster without authentication...pictures please! ...especially ones of that gorgeous 6'2" bottle of 1812.
If that's the most positive news that Tom can muster, then we are in awfully big trouble.
Does Tom always talk about himself in the 3rd person?
What kind of person does that? I also didn't like the fact that most of the questions went unanswered. Really, what is wrong with just being straightforward with shareholders? Why is it so difficult? ....and I'm not buying that line about non-disclosure with certain parties. If he really cared about common shareholders, he could find a way to communicate without jeopardizing existing legal arrangements.
He definitely made a killing on that first big run.
Hmmmm, nello at one time held 40M (?) shares...or so he said. That was back when a share was worth something.
"If voting changed anything, they'd make it illegal." - Emma Goldman
That means he also made no promise not to R/S the stock.
801,000,000 shares added to OS since 1/24/08
145,000,000/month burn rate. I sure hope we're getting something for all this paper.
How is it going to end? What DO YOU think Tom's options are? Instead of laughing, present us with a viable and realistic solution to this disaster.
Au contraire mon ami! Haven't sold a share since July 2007. Not angry either. I considered this investment a complete loss probably a month or two ago. If by some turn of events Tom and the Swartzmeister can turn it around, I will sell and thank God that miracles still happen.
Stick a fork in it...this one is cooked.
Wonder what the OS will be tomorrow? The ZERO key on rpt's keyboard is wearing out.
New beer PR, double-bottom...chartists & flippers delight.
An article from Sept. 2005? I guess plans for "going national" meant going to Florida, right?
Crash...the very inconvenient asterisk to the shell MYTH.
Energy company mentioned in 11/19/07 release.
http://www.seawaycapital.com/news/News_Release_11-19-07.pdf
One doesn't need to use .086 for dramatic purposes. Just using .02 requires a 1900% increase from today's price to return to that level. That seems dramatic enough as to be a very improbable event.
"If voting changed anything, they'd make it illegal." - Emma Goldman
Never mind that your trading account balance is approaching triple zeros, Tom is busy "creating shareholder wealth".
The share count is changing so fast that rpt can't keep up.
"If voting changed anything, they'd make it illegal." - Emma Goldman
Doesn't bother you? 45 days ago you were singing a different tune...
Posted by: maverick one Date: Sunday, May 18, 2008 4:08:15 PM
In reply to: None Post # of 186363
Why hasn't Tom addressed shareholders specifically as to the pps' steep decline? The guy plays on Wall St with the big fish why is his company trading and declined into the bottom of the sea? It's an honest question that should have been addressed a long time ago to shareholders.
It's a simple question most CEO's would be furious and would issue shareholders a PR stating some clarifications. Why hasn't he done so?
Does that mean that a shareholder's meeting MUST take place?
What choices do you think Tom has? With NO cash, and NO shares, there are few options left...unless you're thinking he's got a genie and 3 wishes.
45,000,000 shares left in the A/S. That's $45,000 worth!
"If voting changed anything, they'd make it illegal." - Emma Goldman
No worries...Tom still "expect(s) the significant dilution to subside shortly".
What? You don't think he lied to us, do you?
Great...we're selling buggy whips!