Wednesday, May 04, 2016 11:47:15 AM
SWHI filed for new Reg A on 4/20/2016 in New York
http://www.sec.gov/cgi-bin/browse-edgar?company=sw+innovative+holdings&owner=exclude&action=getcompany
Number of securities offered = 1 billion
Price Point = .01
Net Proceeds from offering = $ 946,600.00
Legal Fees $ 52500.00
Blue Sky Fees $ 1200.00
Something big is up here - why would SWHI (Norman & Co.) spend $53,700 to file for this Reg A. There has to be an obvious benefit here. I realize that they expect to receive proceeds of $ 946,600.00, but there has to be more to it. Norman also mentioned that this time around the price point is higher (notice the .01) - he said this would be a great benefit to investors. Norman owns a ton of shares so it would be in his best interest to get PPS higher than current levels - I think he is on the path at the very least. Company remains current with SEC - ALL good here.
Remember previous offering shares were bought up/disbursed to many investment type firms and employees. See Quarterly Report
For the Period Ending March31, 2016. Its all right there! There are a lot of people vested in SWHI, maybe a turn around is jsut around the corner. I would expect an update from the company soon on their latest efforts. According to Norman JV is still on the table as well as the international call plan opportunity (Needs to get higher subscriber base to get cheaper rates from companies - on their way).
I need to go thru the offering much deeper, and will update more shortly, however SWHI is not dead by any means, we have just been stuck in thick mud for awhile. Our day is coming, patience here!!!
Keep in mind Norman is always in office so he is keeping busy!
SWHI 2016
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