Wednesday, February 13, 2008 9:46:41 PM
because, for every swvc share Out, there are 4 More In
the CEO's special 5x-Super-Toxic "Preferreds" .
We have never heard of Any pink CEO ever doing that.
So, why did he do that? All by himself, with only1 vote.
And no outside swvc shareholder could vote against it,
or anything, ever.
And then, he signed up for 3 more toxic 'deals' ,
which will lead to further massive swvc dilution. And, when
it does, his "Preferreds" further dilute by another
Super-Massive 4x. [Even the wifi guy doesn't do that.]
But, even worse, he's about to make swvc 'acquire' some more
already-toxic 'companies' , probably with even more
toxic financing [because swvc has No spare cash, and
can't use Any 'Inventory Loan' cash to buy more toxies].
And then, after all those additional new swvc conversions,
he multiplies all of them by 5x. All 'approved' by
his only1 vote.
And, no believer in swvc has refuted any of these most
probable facts, except to assume that the CEO would
'never convert' his "Preferreds". If so, and if he knows
that swvc is a sure winner, just ask him to cancel his
ever-growing pile of convertibles. Or, at least cancel
all except the very first bunch, so they don't keep
growing by 5x, every time he votes [all by himself]
to add or acquire more toxies.
To us, the 5x-Super-Toxic "Preferreds" are the only fact
that counts, in deciding to short swvc. No CEO needs to
keep owning 80% of a successful company, at no additional
cost, unless he plans massive dilution, for a long time.
Does anyone have any facts to refute this probability?
We are all here to make money. To some of us, the facts
about the very unusual, always-80% "Preferreds" , are much
more important that all other 'dd' , based on belief in
the CEO, and his plans + schedules. [Just check znxt.]
Averaging-down is profitable, for shorters, only.
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