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Re: crashman post# 132856

Thursday, 02/14/2008 5:30:45 PM

Thursday, February 14, 2008 5:30:45 PM

Post# of 245693
Hard to argue with those facts, except ,,,

for the current shareholders to retain their 20% stake,
they must buy up every new swvc share that floats in,
whether it be from old + new toxic CD conversions, or just
the normal printing + dumping of brand new shares.

Because that 5x-Super-Toxic "Preferred" is always
equal to 4-times the total of all floating swvc shares,
no matter how much they increase, for any reason.

And, new 'acquisitions' will make it much worse, because
they come in with their own load of toxic CD's, and
they will cost additional cash. Which swvc does not have.
But, they can get some, if they sell some more newer
toxic CD's.

The only problem with more new CD's is that each new one
will be a worse 'deal' for swvc shareholders. Just like
the terms for a third mortgage are always worse than the
previous 'deal' for the second mortgage. Especially,
if you have less than zero income, and always did, and
don't project ever having income, because the recession
just started. [And, the CEO gets paid way too much.]

Has anyone asked the CEO why he does not just cancel those
5x-Super-Toxic Convertible Preferreds of his? Since swvc
is sure to grow into a $1 Billion Conglomerated Holdout
Company, he does not really need them. And, if he would
just return them to the faithful long shareholders, they
would all be 5-times richer. And, all the shorters would
go BK, overnight.

Averaging-down is profitable, for shorters, only.