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lol, your definitely right on that one. I really hope the 8k is green, as long as they are not negative it should jump at least to the .03-.04 range.
your right, brain lapse
It was originally planned for late November/early December. However, the 8k is not required until 70 days after the merger was complete. So if TS sticks to the original plan within the next two weeks. If he told the auditing firm to change the dates dues to the 70 requirement instead of the previously thought 4 day requirement then it could be late December/early January at the latest.
Here's my take, everyone investing right now (like me) is banking on a good 8k for the short run and a good acquisition for the long run. The price is gonna stay around here until that 8k comes out. The O/S isn't that big of a factor, the shares dropped in price after the 10Q due to the revelation of the CD issue. Positive 8k on Hackett's makes this thing jump and it will never go down to this level again(just my take and what I'm hoping for). A negative 8k on Hackett's could end this stock short of a saving Acquisition announcement. I'm betting on a good 8k, GLTA.
right, but why would he tell the firm conducting the audit to push back the completion date, it would make sense to keep it the same as originally planned.
no kidding, but the only thing that we have to base an expected date of the 8k being ready was the original completion date of the merger. It was originally suppose to be done late november/early december. When he found out the 8k didn't have to be out until 70 days after the merger he went ahead and completed it. But the 8k was originally suppose to be ready in late november/early december.
"WiseBuys has these funds secured, and we will work to address the other contingencies set forth in the Amendment. We hope to close the transaction by November or early December 2007."
unless I missed a news event changing it, the original merger was suppose to happen within four days of the audit because TS thought he had to have the 8k out within 4 days.
well, hopefully by the end of next week the 8k is out on Hacketts, and alot of this speculation can be put to rest.
A brilliant idea, since we are all speculating and I am bored. SVF buys the CD's from Cornell, they convert driving the price down and making millions, when they are done converting, Tom puts out a PR announcing Cornell being done, performs a buyback at sub penny, and has millions left over for capital to expand, and our pps would soar, that would rockS So would the packers winning the superbowl, two things I wish for. Happy turkey to all who aren't emotionally attached, for good or bad.
That's ridiculous, authorized shares are only 2.5 billion.
I am very pro-SWVC, to the point where my wife changed the password to my account so I can't sell, but here is my honest take. We will jump around between .01 and .02 until the audits are complete on Hacketts and an accurate market cap can be established. The market cap imo will be based on the average net income of the five Hackett stores and applied to all nine stores. The reason I think we will stay in this range until then, is because this is the value of the company in a worse case scenario minus expansions and acquisitions. If the net income of Hacketts proves to be substantial (meaning 100K+ a year per store) you will see a very large jump in pps. Just my take.
Awesome, thanks for the "quick type" lol. But really thank you, thats a good explanation.
Drac, you seem very knowledgeable, I am new at this so not so much here. I google alot of terms and can figure them out from that usually, but I have no idea what level 2 is, could you explain?
All of the math that has been done on this board has not been to show that dilution is over. When CD's are done it will be close to 1.1 billion O/S, if you count the Series C it will be much higher, but there is no logical reason for Tom to convert the Series C Stock. We have just been saying that even after the dilution is done, this stock will still be valuable, more than it's current share price.
It doesn't stay constant with any news, it jumped more than 20% today off of a fluff PR, I do say fluff because nothing came out of that PR that wasn't already known. Yes it is a penny stock, it will jump with good news and go down with bad news or sometimes even no news. This stock however has the potential to become more down the road, not many other penny stocks have the same opportunity that this one does. Joe Ettore knows which areas of Ames were profitable, he knows how the Targets and Wal-Marts hurt them. He knows the downfall of his little Ames empire the first time, and will learn from that horrible mistake(Zayre's acquisition). On top of all of this we also have the fact that unlike Ames this is a holding Company, not just a department store. The possibilities are limitless in the long run. It could also go BK in the next year, a risk I am willing to take.
I'm assuming you have made money off of SWVC based off some of your posts in the past. I also assume you have some shares you want to get rid of, just not as red as they are now. What I can't figure out, is why you would repeatedly tear the stock down based off emotions. If this is just a venting forum for you thats fine, I just don't like to ignore anyone because they could contribute something, but at the moment it seems like your just ranting.
wow clever response, I have done plenty of research, which is why I know even at a fourteen multiplier(conservative) and $100,000 net income from each store, this is still a good buy at these prices. That coupled with expansion plans and future acquisitions makes for a promising profit. Trust me, researching my investments isn't a problem for me. But you laid the challenge, I answered, and you can't name me a retail company with only a five multiplier. I'm sure there out there, just back up your comments with facts. Enough people on this board bash and pump without anything supporting their claims but emotions.
CHSH has lost $45,000 since inception in 2005, lost $17,000 in the last three months and has a market cap of $11,000,000 (sorry I can't give you a multiplier since not only do they have negative income, but no assets either.)
O.K. after looking for penny stocks that actually file for an accurate net income, this is the only other one I could find that is retail, that should tell you something about the company as well. Now, I tried and delivered poorly (1 out of 3) I believe it is your turn, find me a retail company anywhere that has a multiplier of 5 or below.
show me three publicly traded companies with a 5 multiplier, I can name three off the top of my head higher than 14, target, walmart, best buy. Please support the 5x with at least some retail company names.
nah, thats one of the things Sam Walton insisted on day 1 for Wal-Mart; builds confidence in Company.
market $10,000,000 thats an average net income of $80,000 per store........I think we will definitely go higher in the long run on pps.
It will go down/sideways until the audits are complete on Hacketts, that is still a wild card and people are worried that they will be red. If the audits come out on Hacketts are green, investors will take the average of those five stores net income, pretend it is for nine stores and then the price will jump to that future value even though the stores won't be making that much until the four wisebuys are converted into Hacketts. So we will float around here until the audits, then we will float around the new predicted share value of nine stores averaging the five stores profit. One day the acquisition will be announced and the price will rise and fall until the future value of the acquisition is realized (whether it is positive or negative) and they will settle there, and lastly when future numbers of the expansion can be figured out the price will settle there. Right now the pps is reflecting worse case scenarios of Hacketts net income.
The one major thing I can't figure out. How did Highgate convert his shares at .003 a share instead of the .015 agreed upon for their CD's?????? The prices were high enough at the time where the 85% rule should not have come into play.
True, but Cornell knows the real value of this company. Unless Tom acquires a crappy company with a ton of debt, or if the Hacketts stores are in the red, this company is easily worth .03 to .04 without expansion and without acquisition. But, a bird in hand is better than two in the bush, or something crazy like that. So you may be right, speculation at this point.
yeah, but I don't see those series C being converted.
at the most, but here is the thing. If Cornell didn't expect this company to succeed they would dump the shares and sell short, they aren't doing that, they are slowly integrating them into the O/S. They will also wait for better prices before they integrate them in my opinion. The shares don't mature until march 2009, so there is nothing forcing them to convert right now. Remember even at over a billion O?S, this stock is worth .011 pps if all 9 stores only average $100,000 net income and a 14x multiplier, thats what a macdonalds makes, so the shares are still way undervalued even with the future dilution.
A little over $300,000 of those CD's are still left at the .001 rate. Those weren't part of the transferred debt. Go into the 10Q and you can get the total and then subract the parts from note 6 that were converted at .001 + the $65,000 worth converted subsequently and you get some around $327,000 left, thats from memory so it may be off a little bit, I am at work so I don't have my notes with me at the moment.
I definitely see your point, it will be interesting to see how it plays out, I think we all agree the stock will go up alot over the next two years.
I don't think C will disappear in a few months, I don't think he will receive more CD's, but there is no way I would let go of all of my shares if I were them. They know this company has an incredible amount of promise. They will get rid of some of their shares, but they will still hold on to some. all IMO
AAHHH!!!! SSGT is Air Force, SSG is Army :) it's ok, I'll forgive you this time lol
I went ahead and posted it, I'm enlisted in the Army with a couple of college financing classes for a background, and I am amazed at some of the things I read. One person replied that the CD's are endless and it will continue plunging well below subpenny until it is announced how many are left. Tom announced how many are left in the 10QSB, he's not going to spell every detail out for everyone, even if they don't want to figure it out a few of us did that for them, myself and Dr. Graham both came up with similar numbers, I'm not quite sure what they need to hear to understand the stock is undervalued. Oh well, two years from now when my wife gives me my password to my account I guess I will be happy and laughing.
Cheers
I don't agree with the pps either and its mine. I accept the fact stocks are valued at their future value. Both the low and high in my calculations is based off of 9 stores. No expansion, no acquisition, just the nine. I did that just because it gave me less variables. I don't even want to start computing about the possible 50 store expansion, if that was the case, it would be at a minnimum of .06 cents (thats if it netted 100,000 a year, that is the same as your average MacDonalds btw, so it should be way higher) to .80 - 1.00 on the high range, again that is with no acquisition taken into account. So yeah the the possibilities are limitless, I just made those calcs with knowns. ty for the challenge btw, even if I am wrong :)
If Soapy is talking about the portion of the 10QSB that states:
In exchange for the capital stock in GS Carbon Trading, GS CleanTech assumed liability to Cornell Capital Partners under certain Convertible Debentures in the principal amount of $1,125,000 issued by GS Carbon to Cornell Capital Partners.
That transaction happened on 01 July 2007 and Cornell converted after that as well as bought from Candett after that. He may be right, seems like a smart guy, just curious to where he is geting the info from.
Using a 14 multiplier and a $100,000 net income per store with 9 stores and saying Tom never did any expansion or any other acquisitions this stock is worth .011 a share (estimate of course) at 1.089 billion shares (which is what I believe the O/S will be when all current CD is done). This is absolute worse case scenario IMO realisticly it depends on the Hacketts audit. I believe that if the net income is $500,000 a store then the pps will go to about .05-.07 and who knows when they announce expansion plans and acquisitions.
I did and Dr. Graham looked at my numbers and said they looked good, I am very pro SWVC for the record 450,000 long which isnt alot to some of you, but to a Staff Sergeant in the Army thats half a years salary. 1.089 billion O/S still makes our share value today way undervalued. So if my posts come across negative they are not.
O.K. after reading up on it, and knowing alot about SWVC at least their financing portion, I wouldn't classify this as toxic or semi-toxic. The .001 shares have no interest rate, so it is impossible for Cornell to keep them around indefinitely, second they have a maturity date in march 2009, so he has to convert at some point. Tom wasn't responsible for that horrible deal, maybe not the best decision to take this shell on, but still the deal wasn't his. The deals he has made concerning CD since then have not been nearly as extreme, and again they have maturity dates. Plus the death spiral depends on stocks to continually decrease to allow the hedge funds to use the interest rates with now dead stock prices to ruin a company, Tom gave them good fixed rates that should negate that. The most they can make by selling short is 200% which seems to be one way the hedge funds operate. The other way is to slowly introduce the stocks into the market allowing for the share price not to be smothered which has the capability to give them more than a 200% gain, this is what has been happening and shows that even the hedge fund (Cornell) has faith in this company, otherwise they would dump and sell short.
that deal tookplace on July 1st 2007, Cornell converted shares at .001 on 11 September, 28 September, and one time subsequent to 30 SEP 07. If that deal erased that debt, how was cornell able to convert at a later date? Cornell also purchased the remaining debt from Candell in October, again well after the 01 July deal. That is why I don't think that deal has anything to do with the current CD owed to Cornell.
I don't know enough about this for most posts to sound either negative or positive, I just do this as a hobby when I get some down time from work. As a matter a fact, I don't even know what toxic financing is, I'm about to google it right now so I can attempt to have an intellectual conversation with you on this topic lol. I'll be back when I am a little better versed on the subject. :)
even at this number, If you guess (unfortunately that is all we have until the audit is complete) that the 9 stores will average $100,000 in net income and give them a conservative 14 multiplier, then the shares are still worth .011 each when all of the dilution is done. So I still think this stock is way undervalued.
where is the debt being transferred to GSCT located?