Stable Share Structure Continues at SWHI - Annual Report Filed
SWHI Annual Report filed on time, in proper format, showing commitment to remaining current. Also, the report reveals no negative surprises. This demonstrates that management is being forthright on a real-time basis, rather than letting issues accumulate and be revealed with filings. This includes share structure, which continues to be stable at an attractively low level, without the burden of toxic convertible debt overhang.
SWHI management thanks shareholders for their interest in the company. There are exciting plans under development. With such an attractive share structure/debt profile, the company's stock can respond powerfully if/when substantial developments emerge.
Annual Report News Release
IA
Sequence of Events
The company hopes to be discussing with shareholders in the next week or two the nature of its plan to take SWHI far beyond current revenue prospects. Management has emerging relationships that, if operationalized, are going to significantly increase the value of the company in 2019.
This discussion will be in the form of Supplemental Information at OTC Markets, not in the annual filing. The Annual Report is merely a recap of activity up to December 31, 2018 and will not contain any surprises.
The positive transformation that management has in mind is not driven by a few more subscribers for its phone service, or even eventual implementation of wireless. Those good and solid operational goals remain in place, but they are additive in nature, not "transformational".
The "exciting" potential developments need to be described in a separate explanation that balances disclosure of intentions with sufficient detail to demonstrate that it is all real, but without getting tied up in so many specifics that management's hands are tied in negotiations, depriving it of flexibility.
Things are definitely happening behind-the-scenes. A couple of weeks may suffice to obtain consent of the company's prospective partners to say some things publicly that make it more apparent what the company has in mind.
Most of the company's shareholders have been patient and interested in something substantial, and for them a couple of weeks here or there does not matter. This is a better approach than drip-feeding meaningless or trivial updates, clues, hints or teasers. This responsible approach illustrates again that management of SWHI is mature, and doesn't manipulate information. Equally importantly, this illustrates that SWHI is reaching high rather than being "stuck in a rut", as would happen without being bold in vision and reach.
Management sincerely appreciates and respects its shareholder partners. The company has an attractive low share count and can generate a significantly higher price with the right developments.
IA
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