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Tom is a financial genius. He "robbed the train" and never fired a shot. As far as I can see nothing illegal done. No law against taking money from a deal where the other side is unable to "cypher" the terms.
Patience is a symptom.
Who do you think holds all the voting power TS. No one elses vote is needed or matters.
Don't you believe Tom. He said 10 billion. Right now shares worth less than 1/3rd of 1/10th of 1 cent. After R/S worth 1 1/2 tenths of 1 cent, but---A/S increases 4 to 1, so--the math price of the stock not dramatically changed, but stockholders only have 1/5th as much stock.
Why would shorts need to cover with a reverse split announced?
The best use of this company as a fuel source is burning the stock certificates in a camp fire.
thats the best post i've read in months. hopefully they will get around to i-hubs involvement in the conspiracy.
mickelson, furyk, garcia, goosen, leonard 279
I think you and many others were misled
100% correct.
Better to retrieve some money than just watch it become worthless
This is headed to da moon alright--a lifeless environment.
That's the smartest post I've read here this year. Congratulations on your profit (minus short term tax liability of course).
I wonder how much of this non-typical financing the stores can service. When do we get to see the terms on this line of credit. Tom is not very transparent usually about matters like this.
Hard to hide a light this bright.
All that for under 1 cent a share. Almost too good to be true. If a ledger sheet only had one side---but sadly there is the other side as well----debt, overhead, share count
I think careful reading of your post says it all. Assets acquired from the proceeds of going public can then be used as collateral. Leverage is good as long as profits outpace interest. Wonder what the terms of loan are---I didn't see those.
You're right. The loan is secured by assets of the company the investor's paid for. Hence the purpose of debt free financing(going public) rather than acquiring interest bearing financing such as this. How much of net revenue goes to interest on loans at this point? Quite a bit I suppose.
Whar did the PR say that they haven't already PR'ed ?
5Million new debt. We can celebrate now cause we found someone to give us more money on the cuff. LOL
What would he use to buy it back with? He's had to borrow to de everything he's done with the company so far.
Endless promtoion of unrealistic stock price has done more damage than good here. All that "To Da Moon" stuff must have referred to the share count. Any realistic value opinion is met with attacks or ridicule, but the market has established the real value and a dozen filings and PR's haven't been able to breathe more value into SWVC. It is what it is---a handful of reatail stores that were purchsed with debt---either shares or notes. period.
DEBT WAS, IS , AND WILL ALWAYS CONTROL SWVC.
I thought that was why longs bought, because Tom was in control-.
When has he not had complete control? You think Dr. Evil is holding the reins? LOL
Shouldn't drop much lower . ACMG is at .003 and the whole company disappeared a year ago. These little stores should be worth something even if they don't make much money and have debt.
ooh---that feels good.
I need a good laugh--somebody say to da moon.
It was only there for a moment and hasn't been even close since. I think it is worth .015, but I don't know of anything that would take it back to .05 in the next 3 years/or when some of the debt is paid down.
So much for all the 10 cent opinions that flew around here for many months.
Below 1 cent all but 5 days in the last month. Not good me thinks.
Key phrase "Canadian courts"
Fraud and theft are usually what holds a stock below 1 cent, but probably not here. I think it shouldn't go much lower. Those little stores are worth something. I think swvc worth .015 at least.
The best sign I see on SWVC is the board bans are down to 10. Strong viability indicator in mho.
time is money, master.
The longer this stays under .01 the harder it will be to rise above it. So far PR's and filings haven't kept it from sliding lower.
Desperate times call for desperate measures?
My momo detector must be broken.
So far they have filed , PR'ed, and done pretty much all they said they would, but for the last approx. 90 days it has steadily declined in price. Even when conversions are done there just may be too many shares vs. equity to move it up substantially.