REPOST
SWVC - Reverse Merger Completed- 8-K Consolidated Comments:
We are no longer an empty shell. Reverse Merger completed Successfully, Wisebuys in 100%%%%%%%%. We are now a TRUE Holding Company.
1. First look of 8-K is much better than I expected, and many other will concur with me. Float 450,099,879 shares are outstanding
2. we are a profitable company now!!!! Even goes beyond my expectations!!!!The 8K has some great information in it and it is now the foundation for us to build on! Look at the conversion rate on the Class C's. It is $4.00!!!!
3. The 8K, demonstrates a very real purchase of a Company with very Real Assets and Management, key indicators in the Wisebuys Balance Sheet are overall Strong including key Bank Indicators such as Quick and Current Ratios and Debt/Equity as a Whole.
4. It demonstrates that we have a performing Company with ASSETS and $ 10,000,000 in Sales pre Hacketts, not including other Seaway Holdings. Around November 30th we will be a 25-30 Million Dollar Company with an even Stronger Consolidated Balance Sheet once Hacketts is rolled in to Wisebuys which has been rolled into Seaway.
5. As the planned Wisebuy Stores change over to Hacketts, control of Logistics, Inventory etc will be under one roof as the models merge....and sq, ft. sales align UP....then an announcement for Expansion of Stores and the Hacketts Brand to other areas.
6. we realized a 4% increase in gross profit, from $737,556 in the six months ended July 31, 2006 to $804,533 in the six months ended July 31, 2007.
they not only had profits but they increased
7. Balance sheet is definitely healthy. Current assets is almost 4x current liabilities at January 31. Also, gross profit has increased from the prior period. A very solid 8K IMO.
8. This is very positive! Tell the world, the reduced sales REVs are because of the new business plan to use Hackett's model, to remove soft good partnerships and introduce Hacketts branding, for higher Price & higher Margin goods in the new business model.
9. " The lower margins and lower per item sales prices of the goods are generated primarily because of WiseBuys' third party partners in "discount"
clothing and footwear. For the future, WiseBuys management intends to supplement or replace these partners with internally procured merchandise of higher
quality, higher margin goods. We are exploring a number of avenues to achieve this reformation of our business model. Bringing clothing and footwear
procurement and merchandising capability in house to WiseBuys is one of the key motivations for the current plan to acquire Patrick Hackett, which would replace our third party vendors with a fully integrated system for marketing high quality clothing and footwear under proprietary labels.
10. Sales were reduced due to INVENTORY reductions as a result of business plan changing. IMO, this was a great move.
11. EPS is positive and growing....what more could we want?
12. "Bringing clothing and footwear procurement and merchandising capability in house to WiseBuys is one of the key motivations for the current plan to acquire Patrick Hackett, which would replace our third party vendors with a fully integrated system for marketing high quality clothing and footwear under proprietary labels".
13.We are moving out of the third-party low margin sales and building our own brand identity, a substantial part of which will be put in place with Hacketts. That is a good thing...
14. This is a holding company that BUYS companies and attempts to make them profitable. I am pleased to see that they have the capital (through investments) to bring to the table to continue to buy.
15.Wisebuys will sell higher profit margin items...this is good.
16. The street loves improving margins. IMO those that don't understand this 8K and appreciate where this likely to go, will provide 'smart money' all the opportunities they need tomorrow to get cheap shares, whatever that will be.
17. Profits are up, higher profit margin items are brought in, and as far the class C and B shares if they sell them there go the voting rights and in all seriousness 350 Million isn't alot when you are trading 40-50 Million a day.
18. Reporting profit is good, changing business plan to be more profitable is great, Hacketts going to be acquired is huge! What more can you ask for? We have real value here, Plus cash in the bank!
19.$$$$$$$$$$$$$$$$$$$$ THE CONVERSION PRICE ON THE CLASS C SHARES $4.00!!!. THAT PUTS THE COMMON CONVERSION VALUED AT ABOUT .90!!! $$$$$$$$$$$$
20. Despite the reduction in sales, we realized a 4% increase in gross profit, from $737,556 in the six months ended July 31, 2006 to $804,533 in the six
months ended July 31, 2007. The improvement reflects the fact that the reduction in our operating level that caused sales to ebb has been focused primarily on lines and vendors that were fundamentally unprofitable. As a result our stores are currently operating with lower volume sales than in prior years, but with substantially higher margins.
21. The 8-K is REQUIRED to demonstrate all risks asociated with puchasing this stock. The 2 items of greatest importance to me thus far in reading...
21.A these guys pay their bills, as demonstrated by the reduction in long term debt
21.B there is no "going concern" statement, at least not that I have seen.
22. The 8K says 450M and the TA says 650M.Need to figure out this mystery
23. WiseBuys can avoid start-up expenses if it is to continue an aggressive growth strategy, and while start-up expenses may be significant they are viewed as an investment in future recurring business and necessary to grow the company.
24. The most recent large capital contribution was the transfer to WiseBuys in January 2006 of Seaway Valley Fund, LLC. Our liquidation of securities held by
the Fund has offset the negative cash flow from our stores since January 2006.
$$$$$$$$$$$$$$$$$$$$$$ Timing all with the Ma-50 to cross the ma-200 Golden Cross - THIS IS GOING WAY UP FROM HERE $$$$$$$$$$$$$$$$$$$$$$$$$$
AI
