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Prime rate is at 5% crash. GET WITH IT!! LOL j/k
Thank you very much crash. So they are paying 6.25% interest on a $5M LOC. They are paying $312500/yr in interest if they max out that LOC and they have to pay it back in 3yrs. DAMN!!!
Are we sure they have a capablity to pay that back?
There is no way this will run like last summer. The o/s is over 3x the size it was then. I hate SPAM private messages
"Gang of daytraders flipping" does this explain why the pps went down so much. Take into account that there were over 60M shares added with in 3 trading days. Get with it!
Correct Crash. There are still 800M coming, maybe a little less by now.
Crash do you know what the APR is on that Wells Fargo Line of Credit? I can't imagine it being prime + 0%.
Yes but to only post green days is very biased and vis versa. Still the only way this will get past .003 is a very big push of buying power, something we haven't seen in awhile. By big push, I am talking about breaking A resistance level.
I forgot, what was the APR on the LOC note from WF?
Still doesn't make up for the 32% down yesterday.
Of course he hasn't. He knew and still knows exactly what he is doing. He is creating wealth and value for his friends and family without even caring about the commons
5/30-1,218,452,382.. Float...1,122,443,960 .....Restricted: 96,008,422
6/2 -1,274,869,049.. Float...1,178,860,627 .....Restricted: 96,008,422
6/3 -1,279,869,049.. Float...1,222,322,165 .....Restricted: 57,546,884
Mind explaining how 6/3 and 5/30 are the same? Float increase by almost 100M shares seem like a big difference to me.
I heard it was a bargin @ .01 as well. SWVC slashing prices and robbing ownership. Stay tuned
Not today clay, and from the looks of it the 20MA wants to fight as well. Gonna need some HUGE volume to get past it.
20MA sitting @ .0031
"Say something you know they might attack you for."
the next bottom we be determined after this dips below .0013
Amazing how 1 RED day can wipe away 4 days worth of gains. Down over 32% today. This stock is a POS and only has a flip appeal left to it. Not much support left here.
Support levels:
.0018
.0013
.0007
I got my GTC buy order in @ .0008
See ya in the trip 0s
Some ppl ethier have a poor memory or jumpped on the band wagon the first run and are now big time bag holders.
I personally never buy above a detrimined short term bottom. the stb is .0013. I'll buy again when it goes below that.
Spinning top touching the resistance mark signals the end of a run. Look at the previous two days. Loud and clear. CHARTS DONT LIE
The chart proves itself once again.
high teens are there for you. I don't get why ppl like to see their investment get lower.
can't say we didn't call it. Charts do not lie
"No-one - and I mean no-one - foresaw what happened in either June or September last year."
Actually yea there were a few.
Geaux Fish - Excellent Chartist
Nellocat - Bought millions of shares and dumped all of them on the way up to .08
Just to name a few.
"I believe Tom Scozzafava is more of an AMEX/NASDAQ caliber CEO"
If that is the case, shouldn't he care about the pps? It is subpenny and by the looks of it, he could care less because his preferred don't change with the pps.
AP I am sure every single penny CEO in the past has assured their shareholders of no R/S and then when the least expected it, BOOM!!. It happens all the time. Welcome to pennyland.
Why don't you tell me how to find the TRUE VALUE of a company first, because obviously non of you see it. I bet ppl will still defend the company and the CEO all the way through the R/S
"Say something you know they might attack you for."
IF anything SWVC is OVERVALUED. You guys keep only factoring 5% of the company which is the O/S. To get the TRUE value you need to factor in the preferred along with the current O/S.
I wish I got a $1 for every time I have heard someone say "manipulation" about a penny stock
I love charts. LOL.
Spinning top after spinning top with each touching resistance is confirmation of a reversal heading back down tomorrow.
For all who bring up a previous post. 9 out of 10 times is better then 1 out of 10 times.
Red tomorrow, enjoy.
They haven't dumpped, but they do own 95% of the company with the preferred shares combined. That leaves the commons with 5% ownership
"I was speaking the short term pattern"
Sadly I have heard this on here 4 previous times when ppl were so sure that there was a reversal and the BIG RUN was coming. Unforunatly you know how those all turned out.
Yes adding shares into the O/S is always good mojo.
High volume is to be expected with added shares to the O/S and a consistantly lower pps.
"Say something you know they might attack you for."
LOL just like "No Worries .003 is the bottom"
I bought and sold already. Waiting for the next play for 30% or better.
I very much doubt it.
it broke .003, but as I stated before .0031 is resistance and by the looks of it, this stock doesn't like to break resistance that often. To break resistance, the bid needs to climb above it and close above it as well.
WOW - Huge increase over the weekend. Can't say it wasn't expected.
I am not arguing that because it was 100% gain.
You said the chart is continuing to make higher highs and higher lows which is a false statement.
Not sure watch chart you are looking at but the SWVC chart shows lower highs and lower lows from .086 all the way to where we are now. You can draw a nice straight downward slope from .086 all the way down. The pps WILL NOT run until that DT is broken.
pps is well below .003, early of last month it was above .004. (not for that long) What more do you want, .000X?
"Say something you know they might attack you for."
That will probably happen before the R/S.
WoW. I don't think I knew what I was posting on Sat. for some reason my eyes kept reading 222 instead of 122.
yea....those numbers are way off.