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Saturday, January 05, 2008 8:53:56 PM
Tom sold $2.7M of preferred stock to his brother and sister - so that they would have a stake in SWVC.
SWVC owns Seaway Valley Fund. Consider SVF SWVC's internal bank - this fund holds stocks/investments that we investors are not privy to. Seaway Valley Fund, LLC., respectively produced net earnings of $3.2 million dollars during 2006-07... I imagine money generated from the fund aided in the WiseBuys acquisition of Hacketts.
Hope that helps... however, I'm not sure what you seek exactly.
ALL POSTED BY AMERICAN_PSYCHO IS EITHER FACT OR OPINION.
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