Outstanding post AP, it seems that when ever there is a non conformity by a stock, like we have now, where the PPS is not where we want. It is also not where it calculates to be, which is nothing less then a nickle...we as investors reach for reasons...the longer time goes on the further we reach..until the dialog comes to a resting place at dilution and the only fix is a "RS". Your post from Tom should be the reasurance that all are looking for. One other thing, I have noticed here,just as it is at StockW*** where I MOD, that there are folks who say "I have emailed Tom and have not received an answer" to that point let me say.....Tom reads both this board and the SW board....in the very early days of this stock June 22nd I sent him an email, in which he responded, he has since responded to some of my inquires about 1 out of every 4 or 5. As he did here with AP and a few others..he has chosen people he thinks represents the flow of the board and responds. As the MOD I have received over a dozen PM's from people wanting to know why he wont answer them. Ad that to the dozen or so from here and now he has 24 people who want his personal attention. Just can not be done. As I have said to them over there trust the ones who have the info, if you cant trust them then you are pretty much on your own as you wont get information, from anyone other then the ones you have seen post it. One last note, if anyone has asked him a question you must be 100% certian that your question is not asked in any forward looking way...and that is believe it or not very hard to do. Hang in there, I know that gets old, but this is a company with a history of 4 MONTHS, thats it people 4 MONTHS, do any of us from both sites think that all of us may be just asking a bit to much of a new company. Also remember Seaway Valley Capital was not a private company with Wise Buys and Hacketts in it for years before going public, it is a company that is 4 months old with both just added...takes time folks...have a good night TJG
The post that I am refering to his here:
From the CEO - Tom Scozzafava - Thursday, November 15, 2007 12:32 PM (email from Tom to Crooked33):
Let me respond to that this way:
(1) I do not consider a reverse split as the way to address dilution (... Having said that, that doesn't mean one would not be done in an attempt to increase PPS for something like an AMEX, NASDAQ small cap, etc listing for example)
(2) I will seek to increase share price, which means intrinsic vale per share outstanding must be increasing. Despite the recent dilution, I feel that is definitely happening. That is, more "stuff" with value is going into SWVC faster than shares have been issued......
Mathematically that would be expressed as follows:
(Intrinsic Value) / (Shares Outstanding) = Price Per Share
So to make PPS increase I can: (1) increase "IV" faster than "SO"; (2) decrease SO and keep IV flat, growing, or reduced at a slower rate than the reduction of SO, or (3) a combination of both.
ALL options will be explored. If I can find a mechanism for, say, option (2), I certainly will evaluate that. Typically, one needs cash flow to do that. Right now, cash is being consumed at Hacketts/WiseBuys so they grow. That is OK because it helps "IV" .....
I hope this helps.
AI
