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Friday, February 17, 2023 7:05:37 PM
The history is right in the current KEGS disclosures. Too bad people don't actually examine, and research, the things that matter.
Name and address(es) of the issuer and its predecessors (if any)
Beginning November 21, 2016 - 1812 Brewing Company, Inc.* – Florida, currently “Active” status
Beginning April 27, 2015 – Seaway Valley Capital Corporation - Florida
Beginning August 16, 2007 – Seaway Valley Capital Corporation - Delaware
Beginning November 27, 2006 - GS Carbon Corporation
Beginning May 5, 2003 - DirectView, Inc. – Nevada moved to Delaware
Beginning July 30, 2002 - Boston Pacific Medical, Inc. – Nevada
Beginning April 12, 1996 - Boston Pacific Capital, Inc. – Nevada
Beginning February 7, 1992 - Boston Pacific Medical, Inc. – Massachusetts moved to Nevada
Beginning June 12, 1989 - The Boston & Pacific Company, Inc. Massachusetts
https://www.otcmarkets.com/otcapi/company/financial-report/352098/content
Now here are some fine examples of how Scozzafava conned everyone who invested in this serial scam ticker back when it was Seaway Valley:
It seems in all the whirlwind of the company's recent financial activity, Mr. Scozzafava has forgotten the common shareholders...you know, the only ones that are paying for all his high flyin', wheelin' and dealin'. There are genuine concerns of how all of his acquisitions are going to be paid for, and the methods of financing being used. The market has responded by crushing the price of common shares. Common shareholders, in some cases, have seen the stock price drop by as much as 95% since last fall. The share price today is less than 1/2 a penny, while outstanding shares have increased 600% since July of last year. In my opinion, it appears that the insiders, Mr. Scozzafava, his sister Dede (the State Assemblywoman), and various other family members and friends, are the only ones who stand to make anything on this venture. While protecting their own interests in the firm, IT APPEARS that they are using common shareholders to pay for millions of dollars of debt reduction carried over to Seaway from several earlier unprofitable business arrangements that Mr. Scozzafava had been involved in several years ago. If that wasn't bad enough, Mr. Scozzafava seems to be either unable or unwilling to communicate with anyone who wants a straight answer about where this is all going to end.
I ask your readers, why would Tom Scozzafava hook-up with Chris Swartz who obviously has a string of penny stocks where he's left the common shareholders drowning in his wake and such a questionable family history? Why? It all seemed like the Scozzafavas had big dreams for the future, but have seemingly gotten mixed up with a less-than-fresh grouping recently.
Will the Scozzafavas now try to distance themselves from the organization by passing the reigns to Chris Swartz? Or will Tom right this ship, return the proper ownership to his common shareholders, and once again become a C.E.O. that communicates with his shareholders.
The SWVC CEO made common shareholders pay $20+ Million for
a toxic-debt-stuffed shell, for no valid reason for SWVC
common shareholders; which is a blatant violation of Any
CEO's Fiduciary Responsibilities. A clean shell could have
easily been bought, or built from scratch, for less than
1% of that $20+ Million cost.
And, the story about not 'understanding' the terms of the
'toxic' convertible notes, and the SWVC lawyers 'overlooking' the fine print,
is total BS, at best. And, grounds for a common [and
Preferred] shareholder lawsuit, at least.
And, if the CEO is personally "getting something in return" ,
or hiding it in some other vehicle, that is Not owned 100%
by SWVC, that is a crime, And, he is personally financially
responsible for all common shareholder losses, and should
be serving 1+ years.
And, if the CEO is hiding it where SWVC might eventually get
all or part of it, then all of SWVC's SEC Filings, so far,
are fraudulent.
Copies of the above info, as with all of our info,
is always sent to All of those U.S.-Taxpayer-Paid Authorities,
that are paid to care + fix exactly these kinds of 'problems',
and All of those who deliberately cause them; including the
transparent 'outside' helpers. The SWVC 'game' is still
continuing, and has already cost U.S. Taxpayers more than
$30 Million, in less than 10 months. [Not counting several
other similar brick+mortar 'companies' , that are pollinated
daily, by the same overlapping 'outsiders'.]
SWVC should be the easiest. Only 1 guy was the CEO + Total
Board Of Directors, during the entire set-up, and sting of
$30+ Million to ONLY the common 'shareholders. And, it Files
with the SEC, and has a U.S. HQ, and Incorporation Papers,
and Assets, and Personal Residences, and even includes
friends + family, that are personally profiting, and DON'T
OWN ANY COMMON SHARES, while ALL COMMON 'SHAREHOLDERS ARE
LOSING 50-95% , IN JUST THE FIRST 10 MONTHS OF SWVC. And,
the personal profiteers include many who should 'know better',
including, a hedge-fund operator, and a BK specialist, and
a local elected official. And, the FBI has already been
investigating [for several months], due to a major Credit-Card
and Identity Theft, IN A PROPERTY THAT SWVC CONTROLS. And,
SWVC still has NEVER SAID THAT ANY CUTSOMER 'LOSSES' ARE
EVEN POSSIBLY COVERED BY ANY INSURANCE.
Well, it's 2 weeks later and nothing has changed...except of course the share price - it continues to fall despite all the "Look-at-our-Progress!!" press releases.
Tom, you still have not addressed the MOST IMPORTANT questions that shareholders have about the company. And please, DON'T TRY TO CALL ME AGAIN...what you have to say to me should be a matter for all shareholders to hear.
Sincerely,
Timothy Mercier
The holders of the debentures could convert such debentures into approximately 807,466,375 shares based on the market price on March 31, 2008. Such issuances would reduce the percentage of ownership of our existing common stockholders. 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.
Here we go R/S and A/S increase from 2.5 to 10 billions of Shares.
http://www.sec.gov/Archives/edgar/data/884380/000129092908000063/seaway14cjul08.htm
Is this Shareholderwealth buyback and / or dividents ?? Or is this a special trick that nobody understands ?
Heeeelllooooo ????
I love the FACT that the SEC stepped in (little too late though) and forced SWVC to redo all their financials.
SWVC's CEO bought Wisebuys from himself while it had a negative value of $1.4 million dollars, he decided to give himself $6.4 million for it. $7 million dollars over the real value of it! This is pretty pathetic when in reality Wisebuys was losing $1.5 million per year, for him to sell it off on someone else & expect to gain $7 million? He should have just been happy that he wasn't losing money anymore!
CEO IS A Con Man, COMPANY IS A JOKE - They definately don't understand a CEO's fudiciary responsibility up there in Upstate NY
I am speechless...Everything that happened at Lil dino's happened to my family in Sackets Harbor. And now to make things worse without warning they canceled my dads health insurance...he is in 4th stage cancer. These people are liars and need to pay for how they have ruined peoples lives.
For those who doubt the contents of the original post, please visit the various online stock market message boards (e.g., investorshub.com) to read of the "aftermath". Though Tom S may not have conducted any illegal activities, the direction he took his company destroyed the price per share of the stock. Thousands of individuals have lost money, some who lost the majority of their savings and retirement while Tom and friends made millions. Again, though one could only guess as to the legality of his conduct, ask any investor and they will tell you he is as corrupt (if not more) as any on wall street. Personally, I've read some of the messages regarding Seaway Valley, and I can't help but feel heartache for those who lost so much. Yes, it was their choice to purchase the stock, but from all the SEC filings, it was obvious that Tom S never made one attempt to protect his stockholders from continuous and seemingly insurmountable toxic financing. One can only wonder if this was "planned".
To any who are thinking of investing in this stock, FIND ANOTHER PLAY. You will lose your money.
For those who have lost a significant amount money, I wish you luck and God bless.
For Tom and cronies, you know what you did. Perhaps, the SEC will investigate, but I'm doubtful because they have enough of a mess to deal with caused by those of your "ilk". Nevertheless, know that your riches come from the misery and despair of thousands. I would seriously take some time think about this question, "What did you really gain?"
http://upstategoodoldboys.blogspot.com/2008/05/where-is-tom-scozzafava-and-his-sister.html?m=1
There's more, but that should convey the basic history of the CEO here.
If it doesn't sink in, it will when you are broke.
History is repeating itself right in the current moment.
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