" those with cash aren't gobbling this up " , because,
if they unvested long in SWVC, or any other, pink, they would
soon have no cash. Because, 90+% of pinks + pennys lose 90+%
of their pink penny paper "value" every year. And, since they
deliberately ignore SEC Minimum Requirements, the SEC does
not waste any time trying to protect Any pink unvesturs,
except, to Constantly Warn, On The SEC Website,
To Never Unvest A Penny In Any Pink, That Deliberately
Continues To Evade All Absolute Minimum SEC Requirements.
And, No Pink Penny Stock has every succeeded in becoming
a successful + profitable, Real S&P 500 Company. Although,
most pink penny unvesturs think that MicroSoft + WalMart
once sold for less than 1 penny, which is totally untrue.
They got there by Forward Splitting, and never traded
under $1. SWVC will never be over $1 , although it will
split, the Wrong way. We expect a Reverse Split within
18 months, as the 4 brand new toxic CD's start cashing in.
The trap-door trigger point is $0.005 , which is not too
far below 0.008 , which was already "achieved" , last week.
[ You longs really ought to 'invest' in a lawyer,
who knows how to read the fine print that is "hidden"
in those 4 brand new toxic CD paper shredders. ]
And, SWVC is even still being diluted by a toxic CD that was
"hidden" in the old shell. Why did the clever CEO buy a
dirty shell, which has already cost the retail
shareholders at least 5 times the price to start a
brand new clean shell? Answer: Time is Money.
And, why did he sign-up for 4 more new toxic CD's?
Without any shareholders voting. And, when he 'needs' more,
he knows right where to shop for them, overnight, with no votes.
He needed to get the public shell shareholders, and
new buyers, to Quickly buy a private , always-money-losing
"company" , for cash, which went directly + quickly to the
previous owners of that old company. Guess who they were?
And, he's about to "buy" some more, always-money-losing,
private companies, with the new cash, that is being
cheerfully donated by SWVC longs, who keep buying newer
shares, and holding, and buying more.
The worst part is, the CEO "created" some tricky "Preferred"
shares, that Only He Owns, and He Owns All of them. And,
guess what they can do, anytime? Overnight. With no retail
shareholder votes. [Actually, common pink SWVC shareholders
never get to vote on anything, ever, anyway.] Here it is.
The "Preferreds" are Always Convertible to 80% ownership
of All Common shares, leaving All Common shareholders
"owning" Only 20% of SWVC, overnight, Any night. That's
even worse than any toxic CD, that we have ever seen.
Very Clever, InDeed. And, in black&white, signed&sealed.
Also, chunky seems to be impressed with :
" Market Cap under 8 million dollars!!! " . So are we.
Why so much? SWVC has a huge debt, that massively exceeds
its "assets" , which are "worth" less than 10 cents on
the dollar, when they are forced to liquidate. SWVC rents
all of their floor space. And, their fixtures + inventory,
and used furniture + whatever equipment, are nearly worthless
during liquidation. The only thing left, according to real
accountants, is 'goodwill' , which, in SWVC's case is less
than zero, because it has never been profitable, and never
will be. And, every company that SWVC has ever bought,
or 'invested in' , or is 'planning' to buy, has never been
profitable, and probably loses more cash, every year. That's
why they never file Audited Finanshills, as Required,
by the SEC.
And, SWVC's shops are all concentrated in a small, depressed,
worst-climate, cut-off-corner of far-northern New York State,
where no one moves in, and most are trying to move out.
And, the U.S. is possibly entering a multi-year recession.
And, money-losing pinks don't even survive for multi-years,
in the best of times, anytime.
But, if SWVC gets lucky, and there is no recession, and
global warming causes everyone to move from Florida and
California to the newest hot-spot, in the coolest part of
northern NY State, and business booms, and SWVC approaches
profitability; guess what will happen, overnight?
While no one is watching, except WalMart + K-Mart + Target.
And, they won't 'Buy-Out' SWVC, because their rented shops
are way to old, and small, and in congested areas, with
inadequate parking, away from the nice new shopping malls,
in the suburbs, where the new + much richer immigrants
will be building their new McMansions.
P.S. ; The "Hackets" name has no value in the Real Retail
Shopping world. It just gives us visions of 'Hackers' ,
or 'Hatchet Jobs' , or worse. "WiseBuys" is actually a much
better name, for a retail chain, that 'plans' to make a
profit, and expand to new locations.
So there's our analysis of the wiseCEO. Although, his
short-term 'plans' are working just fine. The retail SWVC
common share shoppers just paid cash for his mini-chain
of always-money-losing shops. And, who really knows who
owns pieces of the 'planned' future 'acquisitions' of more
money-losing private companies. Except, we do know who owns
part of that bio-diesel toxically-financed, hazardous waste
dump, which will soon be a financially hazardous pump&dump.
P.P.S. ; Don't forget to get your lawyer to read the
"hidden" fine print in those 4 brand-new toxic CD papers.
Everylong seems too busy right now, to actually read it
themselves, or any of the many posts that have un-earthed
their toxicity. And, have your lawyer take a few more
minutes to read the funny rules of the "Preferreds" . We
suspect that he will start rotflu, and ask his secretary
to make copies, and send them to all his other partners.
Sincerely, but JIO[AC]O, as usual, of course. And, ITOOOL.
We are still investigating the most convenient Brokers to
short SWVC. Most of the best seem to be in the British-owned
parts of the Caribbean, and have large hedge-fund clients,
who can short anything, anytime, 24/7. A few of them accept
retail clients, who also have large holdings of real stocks,
that chunky calls : " those with cash " . The only 'problem'
is that the new client must personally visit his new
Caribbean Broker, to personally sign some papers, while
physically being in the jurisdiction of the Broker's country.
Hopefully, return visits to the Broker's offices won't be
required more often than once [or twice] per year. But, if
it's required, it may be deductible, as a business expense.
Bon Voyage. And, Happy Hackers Share Shopping.
