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Re: travel489 post# 127374

Monday, 01/28/2008 11:52:06 AM

Monday, January 28, 2008 11:52:06 AM

Post# of 245948
SWVC overpaid for its new shell, because,,,
a Tax-Loss-Carry-Forward has Zero value if it's not used
BEFORE It Expires. And, especially for a company like SWVC,
that is already generating more tax-losses than it will ever
be able to use, due to its increasingly expanding
money-losing operations, and their 'planned' acquisitions of
even more companies that lose even more cash, every year.

Especially if SWVC buys that bio-hazard tank-farm 'company'.
The environmental clean-up of years of [still?] leaking fuel,
will be siphoning cash out of SWVC for many years. [Maybe it
could be converted into a still, if it's not in a dry state.
And, we know it's not dry, because it is still leaking.]

However, SWVC'S rapidly growing Tax-Loss-Carry-Forward will
exponentially add to the 'value' of SWVC's shell, if they
could quickly sell it to an actually profitable company, that
could use it, before the tax credits expire, worthlessly.

At this point, SWVC's only profit-center, and only asset
that is sure to increase in value, faster every year, is its
mushrooming Tax-Loss-Carry-Forward. Eventually, the oldest
year of the Carry-Forward will expire, worthlessly, but it
will be more-than-offset by the addition of the newest year
of Tax-Loss Credits, which should always/probably be
at a new all-time-high.

Of course, it's all worthless, if SWVC can't sell the shell.
Which is probable, if it is stuck in an ever-expanding swamp
of toxic financing debt. Like it was, when SWVC overpaid to
buy it, very recently.

It's too bad that SWVC's legal team, and very experienced
CEO, forgot to look for that 'hidden' problem, and forgot
to tell any outside shareholders, until way after the CEO
'found' it, which was, coincidentally, right after some
really very experienced outside shareholders un-earthed it,
and started posting about that not-still-hidden fact.

And, SWVC still won't tell any outsiders Exactly How Much
of the Old Toxic Financing is left to leak. And, it's not
illegal to tell the remaining size of the dilutive quicksand
pool. And, the CEO could even provide a daily update, if
he wanted to, and cared about outside shareholders. Because,
he is the only1 who signs off on the toxic conversions. So,
he, and only he, knows the exact amount, ever second.

And, he also knows how much New Toxic Financing he has added,
since he bought the pre-toxified shell, [using new cash from
outsider buyers, who are even still buying], because
Only The CEO can sign-up for more New Toxic Financing, but
only after he votes for it, even though no other outside
shareholders get to vote against it, or anything, ever.

But, we all understand that the CEO is very busy these days,
'planning' the investments of the new toxic funds, and the
extra cash floating in from new + old longs. So, reporting
facts to outsider shareholders, or waiting for their less-than
20% vote, would just be a waste of valuable CEO time, and
increase the outflow of cash. And lead to an even faster
increase in the demand for more toxic financing.

By the way, just like sub-prime second, and third mortgages,
the more toxic financing a company has, the more expensive,
is the next toxic loan. Especially, if they need it quick,
at any cost, to fix a problem, until the next fix rushes in.

I wonder what other significant facts about SWVC are still
hidden, and when they will leak out.

We shorters seem to care more about these still-hidden facts,
and waste less time reading + repeating + expanding upon
company PR info-mercials. Although, we do scan them, for
hints that sometimes leak in, and are not edited out, in the
rush to fix ongoing/growing problems, that are about to
leak out, and out of control, like the old toxic conversions.

GLTA, and we all agree, in our dream that SWVC survives.
The only question is, will it be via Reverse Splits, or
Forwards Splits, depending on which way the cash flows,
and if it grows into a river, or dries up in a sinkhole.

Averaging-down is profitable, for shorters, only.