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well, you can show me perhaps. Candles don't work on such a long term down trend, especially when O/S continues to increase. And if you say you can read those candles, you can say exactly the same thing when this was going up for days and days, so maybe we should be where we started so there goes that theory...
I think you watched too many candles... j/k
Man, this is really tanking big time now! I thought this would go down to into the teens with a panic sell, but this goes down very solid and stays down. At this rate, by next month we will be back at the 0.006-0.008. Never thought that could be an option but now it surely start to look like it...
last time I checked yes there was.
But OS are unfortunately 740.000.000 and getting higher as we speak (cf the news we got today...)
well, the company sure will be safe now.
maybe you can't just be safe enough with this one. LOL
the safe harbor...DUH! is already mentioned at the bottom of the PR. It is the forward looking statements declaration.
the frustrating part is that at first, when this was still a hot one when I found out about it, he actually BOUGHT shares out of the market. It was lovely to see that news. But now, one would even dare to assume that he is now scooping up some nice change. Hence all this dilution... even affirmed by todays news that a lot of dilution is happening!
I actually don't care if it is Tom or somebody else, fact is it is happening.
all of this?? a bunch of stores with very little profit and the Wisebuys inhouse stores are not even owned. It does not surprise this one continues to go down now. We need some better news.
all over the text maybe?
You have to read between the lines
Institutions don't buy this penny stock, and most investors are adviced not to invest here, and with no R/S, we are a looooong ways away from 5 USD to be able to get a quotation on the Nasdaq. This combined with the fact that this board has already 744 boardmarks tells me all Ihub is present here so the only way this stock can move is down IMO.
Unless fundamentals will change... together with the down market, Tom just needs to come up with something stellar. And that is my honest opinion.
14-Nov-2007
Quarterly Report
ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION
BUSINESS RISK FACTORS
There are many important factors that have affected, and in the future could affect, Seaway Valley Capital Corporation's business, including but not limited to the factors discussed below, which should be reviewed carefully together with other information contained in this report. Some of the factors are beyond our control and future trends are difficult to predict.
As of July 1, 2007, Seaway Capital, Inc. can exert control over us and may not make decisions that further the best interests of all stockholders.
As of July 1, 2007, Seaway Capital, Inc. controls 100% of our outstanding Series B preferred stock after competing the purchase from GreenShift corporation. The preferred shares are convertible into 80% of our Common Stock. As a result, Seaway Capital, Inc. exerts a significant degree of influence over our management and affairs and over matters requiring stockholder approval, including the election of directors and approval of significant corporate transactions. In addition, the concentration of ownership may delay or prevent a change in control of us and might affect the market price of our commons stock, even when a change in control may be in the best interest of all stockholder. Furthermore, the interest of this concentration of ownership may not always coincide with our interest or the interests of other stockholder and accordingly, they could cause us to enter into transactions or agreements which we would not otherwise consider.
The issuance of shares under our convertible debentures agreements could increase the total common shares outstanding by 7%.
While the debentures are subject to restrictions on conversion, upon default the holders of the debentures could convert such debentures into approximately 43,975,391 shares based on the market price on September 30, 2007. Such issuances would reduce the percentage of ownership of our existing common stockholders and could, among other things, depress the price of our common stock. This result could detrimentally affect our ability to raise additional equity capital. In addition, the sale of these additional shares of common stock may cause the market price of our stock to decrease.
Seaway Valley Capital Corporation is not likely to hold annual shareholder meetings in the next few years.
Delaware corporation law provides that members of the board of directors retain authority to act until they are removed or replaced at a meeting of the shareholders. A shareholder may petition the Delaware Court of Chancery to direct that a shareholders meeting be held. But absent such a legal action, the board has no obligation to call a shareholders meeting. Unless a shareholders meeting is held, the existing directors elect directors to fill any vacancy that occurs on the board of directors. The shareholders, therefore, have no control over the constitution of the board of directors, unless a shareholders meeting is held. Management does not expect to hold annual meetings of shareholders in the next few years, due to the expense involved. Thomas Scozzafava, who is currently the sole director of Seaway Valley Capital Corporation, was appointed to that position by the previous directors. If other directors are added to the Board in the future, it is likely that Mr. Scozzafava will appoint them. As a result, the shareholders of Seaway Valley Capital Corporation will have no effective means of exercising control over the operations of Seaway Valley Capital Corporation.
Investing in our stock is highly speculative and you could lose some or all of your investment.
The value of our common stock may decline and may be affected by numerous market conditions, which could result in the loss of some or the entire amount invested in our stock. The securities markets frequently experience extreme price and volume fluctuations that affect market prices for securities of companies generally and very small capitalization companies such as us in particular.
The volatility of the market for Seaway Valley Capital Corporation common stock may prevent a shareholder from obtaining a fair price for his shares.
The common stock of Seaway Valley Capital Corporation is quoted on the OTC Bulletin Board. It is impossible to say that the market price on any given day reflects the fair value of Seaway Valley Capital Corporation, since the price sometimes moves up or down by 50% or more in a week's time. A shareholder in Seaway Valley Capital Corporation who wants to sell his shares, therefore, runs the risk that at the time he wants to sell, the market price may be much less than the price he would consider to be fair.
Our common stock qualifies as a "penny stock" under SEC rules which may make it more difficult for our stockholders to resell their shares of our common stock.
Our common stock trades on the OTC Bulletin Board. As a result, the holders of our common stock may find it more difficult to obtain accurate quotations concerning the market value of the stock. Stockholders also may experience greater difficulties in attempting to sell the stock than if it were listed on a stock exchange or quoted on the NASDAQ National Market or the NASDAQ Small-Cap Market. Because our common stock does not trade on a stock exchange or on the NASDAQ National Market or the NASDAQ Small-Cap Market, and the market price of the common stock is less than $5.00 per share, the common stock qualifies as a "penny stock." SEC Rule 15g-9 under the Securities Exchange Act of 1934 imposes additional sales practice requirements on broker-dealers that recommend the purchase or sale of penny stocks to persons other than those who qualify as an "established customer" or an "accredited investor." This includes the requirement that a broker-dealer must make a determination on the appropriateness of investments in penny stocks for the customer and must make special disclosures to the customer concerning the risks of penny stocks. Application of the penny stock rules to our common stock affects the market liquidity of the shares, which in turn may affect the ability of holders of our common stock to resell the stock.
Only a small portion of the investment community will purchase "penny stocks" such as our common stock.
Seaway Valley Capital Corporation common stock is defined by the SEC as a "penny stock" because it trades at a price less than $5.00 per share. Seaway Valley Capital Corporation common stock also meets most common definitions of a "penny stock," since it trades for less than $1.00 per share. Many brokerage firms will discourage their customers from purchasing penny stocks, and even more brokerage firms will not recommend a penny stock to their customers. Most institutional investors will not invest in penny stocks. In addition, many individual investors will not consider a purchase of a penny stock due, among other things, to the negative reputation that attends the penny stock market. As a result of this widespread disdain for penny stocks, there will be a limited market for Seaway Valley Capital Corporation common stock as long as it remains a "penny stock." This situation may limit the liquidity of your shares.
News:
http://biz.yahoo.com/e/071114/swvc.ob10qsb.html
what is basicly said here is: DO NOT BUY THIS STOCK cause you will lose everything!!
wow, very disappointing.
SWEET PATATOES!!! that's all I have to say...
tomorrow is another day.
exactly, we should talk about earnings but unfortunately, with all the OS we currently have, there is little EPS.
How much are the profits for both Hacketts and Wisebuys' stores? And what are the OS
I don't think anybody would be concerned about the dilution if value was put against this dilution. Unfortunately the EPS continues to go down and like you said, that is all that counts
Hacketts might have pleased a family, but to please all the shareholders with a market cap of what is it? about 12500000USD? is a different story. If they succeed it will be a long and slow process because 10 stores is not gonna pull it. And sales growth in retail goes very slow and is very hard. Maybe if they could be acquired by a big retail chain, now THAT would be nice news.
can you elaborate the calculation of your 'decent valuation'?
What would justify even a price at 0.04 whith how things are as they are today?
OS hasn't held for a while. Unless you equal a while with about 3 weeks for what we know for sure
how can you put a number on that chance?
it will come sooner than later the way this has been going down since weeks now. We were on the higher highs, higher lows pace, but now it seems the graph has inverted and we are going for lower highs and lower lows.
BTW, does anyone know if E-trade is going bankrupt?
Yep, the 0.01s are a fact and this while the general market is doing great. Is it still dilution, is this finally over yet? Or is it just no faith anymore from shareholders?
no wonder he can't make a business with you bugging him all the time!!
last day in the .02s?? what will it be after this? .01 or .03
place your bets...
exactly, people buy pennystocks because these are the only stocks where you can make very quickly your 10%-100% per day return. If you would be a true investor, you wouldn't be around these penny plays.
But then again, I do not see this one as a true penny stock.
exactly, people buy pennystocks because these are the only stocks where you can make very quickly your 10%-100% per day return. If you would be a true investor, you wouldn't be around these penny plays.
But then again, I do not see this one as a true penny stock.
you can laugh all you want, but some people just don't seem to fetch this first rule of thumb when doing investments LOL
they are selling it, so it seems there is not a lot of $$$$$ involved (dry wells??)
sorry to hear you invested sooo much in this one. This is going nowhere unless value will be created. As it is today, no value has been created that would justify a higher PPS then the current PPS.
Good luck though...
volume has been death for weeks now, this is death until we get news from the co. Next week will not be different...
and the party is pumping pumping
I am not sure this is a POS, but it definetely is not something special anymore...
you can always buy a bit higher with the risk of a little less return. I prefer that instead of being in and seeing the stock only going down everyday...
damn, that would suck, if everybody that is out now would be out permanently! guess if that MONSTER NEWS hits, we will just stay at .022 because who will be buying then since everybody 'missed' the boat...
moral of the story, sell when it goes up! then you might even have a profit. Not: don't sell
wow!! I missed that! I was hoping on the good management of Tom Scozzafaza, but this sounds like a clue in the direction that it could well be the case that he will change in the future. Is he helping somebody to start this and then bail out? Doesn't he have a long term vision. 'ITS INABILITY TO RETAIN THAT OFFICER WOULD IMPEDE ITS
BUSINESS PLAN AND GROWTH STRATEGIES, WHICH WOULD HAVE A NEGATIVE IMPACT ON
BUSINESS AND THE POTENTIAL VALUE OF ANY INVESTMENT IN SEAWAY'
What's up with that? He IS SWVC, he owns it, why would they (he) might not be able to retain him(self)?
And what's up with the fact that the company has no control over the operations of the acquired companies? They are the owners, so why do the say this if they SHOULD be able to decide on who will be management. That line in the 8K doesn't make sense. Now it seems he just buys hoping he makes the right decision, but when management fails he has no say to replace that management or to guide the company?? what's up with that! Casino? They should follow up and control management, or am I not reading it correctly?
yeah, it sure looks like it LOL
this is one of the most easiest plays for MM with the dilution going on so you can be sure they are not in a problem short position. They don't need the pps to be at this level, the market is just correctly pricing SWVC. Why should it be higher actually?
http://www.shortsqueeze.com/index.php?symbol=swvc
but anybody has buyins? that one is more correct because it also includes naked shorts. Would help if somebody could post that one, maybe it will be more short, but as from shortsqueeze it is peanuts
agreed
where are all the posters saying when the Hackets deal is over, we will be WAAYYYY over .10
News flash: the Hackets deal is over.
We need something much bigger than these few retail stores with little to no profits. That day that event happens, it will be fun but for now it will be a loooooong wait. And the general stock market is not helping either these days.
good luck
as I told you guys...
sales that is, not revenues
there are always two sides on each trade. don't play the stock market if you can't handle it. everybody has the right to his own point of view