Yesterday's swvc 8-K : After we read the whole thing,,,
[which we always do, ASAP, including ALL of the 'fine print],
We would most definitely NOT consider it to be multi-pages
of very specific + legally expensive words + clauses, and
due dates + requirements + that are " simply housekeeping " .
In fact, it looks much more like swvc had to 'sign-up'
for 'not-quite-voluntary' home invasion, including a garage
sale of all of swvc's assets + inventory, possibly before the
end of 2008, and probably starting on 20jan2009.
WF has very definite + strict rules, regarding monthly
reporting, [within 20 days of the close of Every Month],
and achievement of exact $ levels of Net Profits, After
All Expenses, including 'executive' salaries + all etc's,
and interest on huge debts + many more etc's, which Must
Be Met, Every 3 Months. [They are actually specified, with
exact dates + dollars, right in yesterday's Filed 8-K.]
swvc may meet the 31mar08 'goal' of still losing money,
because they always have. But, the cash-losing 'free ride'
ends with the 30june2008 Report, which must be delivered to
WF by 20july2008, at the Absolute Latest.
It requires a profit. And, all subsequent quarterly reports
to WF Require larger profits. And, a Much Larger Profit is
Required by WF for the Quarter Ending 31dec2008.
Otherwise, In Our Opinion, [and we are not lawyers, just
short-time Investors], WF will own swvc, without even going
to court, and All common swvc 'shares' will be 'worth' Zero,
forever. swvc's Toxic Debt holders may have some additional
choices [none very good], but, as long as they had not
converted their 'Preferreds' [or whatever they now are]
to common 'shares' , their Cornelli's may not drop to Zero
value immediately. They may even be 'sold' , in a new shell,
with a new 'name' , to new unvesturs. [Just like swvc was
born, with old Toxic Debt, that has been shuffled, by quick
and constant printing + selling of new common swvc 'shares'.]
But, we don't really care, because we only sell+buy common
'shares' of pennys + pinkys, with Toxic/Death-Spiral loans
and 'Creative Financing' , which they must sign up for,
to cover their never-ending losses, and excessive 'executive'
salaries + bonuses + etc's.
And, we are almost just like the rest of the swvc fans who
buy+hold or buy+flip or just keep buying swvc common 'shares'.
They just buy Before they sell common pinkys + pennys, like
swvc.
While we Only bet backwards, like the house, in Vegas. And,
we get much better odds. 90% per year is average, and fully
documented, with almost no risk, just like Vegas casinos.
Except, Vegas casinos only average 2-10% per bet. And, U.S.
Lotteries only keep 50% per bet.
extra, Sincerely ; But oooo, of course, as usual.
P.S. ; It is much easier for flippers + shorters to profit on
volatile pinkys + pennys like swvc [and copi + wnbd] that
have very little good + factual + Independently Verifiable
info available, but a large number of hopeful fans, that
claim to own common swvc shares, and control a fairly
unbalanced discussion. But, it's all great, for All, at least
for a short time, or longer, as long as we're all still happy.
AI
