S'B'; Here's a few answers: from a fellow Physics guy,,,
who did the math, and keeps up with the 'share structure DD'
ONLY, [because that's the ONLY thing that counts, when
evaluating any company, ESPECIALLY PINKYS + PENNYS], and
plays WITH the 90% odds, which ALWAYS favor pinkys + pennys,
LOSING 90% PER YEAR, and GONE within 3 years.
Your "questions" are followed by our {answers} :
" - Why would YA want access to Hack's buildings? "
{ To watch their loaned out cash, and be able to recover
their portion, first, and before it's all gone. }
" - The clauses rest[r]icting mergers, etc. Who could file
for mergers on behalf of SWVC? (This is one I am wondering
about.)"
{ It just prevents more mergers with more money-losing,
toxic-debt-overloaded 'companies', before the loans are
paid off. }
" - YA did a restricted CD. Still, I think that's brilliant.
Does that make them different than a creditor? I think it
makes them a holder of SWVC (somehow in their portfolio). "
{ It's possibly 'brilliant' for YA. They got extra free
Warrants. In trade for accepting 6-month 'Restrictions' ,
which Only apply if YA converts to common. Which they won't,
because it is better to stay 'Preferred' , as swvc goes BK.
Also, when toxic lenders are temporarily stuck waiting for
'Restrictions' to expire, they just hedge [= short] an equal
number of shares, off-shore, through a 'silent partner' ,
who has no traceable connection to the temporary stuckee. }
" - WF finance -- kept clean and intact. "
{ We agree, at least 200%, but probably 500%. The WF loan
is collateralized by the wholesale cost of new + salable
inventory. And, swvc must file detailed reports every 30 days,
to assure WF that there is more than enough collateral. And,
we bet that the swvc cost of the new + salable collateral
inventory is At Least 2x the outstanding loan balance, and
probably 3x-5x. How come swvc 'forgot' to File that info? }
" - An LOI we think we all know. There is more to expect
than just than one. "
{ LOI's are meaningless, and unenforceable, just like 'company'
PR's. In fact, it Was just a PR, that included No Verifiable
Copy of any LOI. And, not even the name of the 'company' .
But, that doesn't matter anyway. Because YA + WF won't approve
any mergers and/or acquisitions of more money-losing, and
toxic-debt-overloaded, almost BK 'companies' , by swvc, until
all of swvc's debts [including WF + YA] are 100% paid-in-full.
" - Dumb question, but YA has direct access to our books.
Are we getting a GS/COES deal like GS got? Will YA whip us
into shape? (If anyone can refit a biz, it's YA -- those guys
know money like lungs know air.) "
{ You answered your own question. "YA -- those guys know
money like lungs know air." They always make money. First,
and fast. They know exactly how to profit from desperate
pennys + pinkys, ASAP, before they go BK. Just like shorters.}
Thanks for the insightful questions, really.
Please respond to our answers, without repeating any fairly
unbalanced iBox stuff. And then, please submit a few more
questions.
extra, Sincerely ; But oooo, of course, as usual.
P.S. ;
The big 'problem' for swvc longs [and insurance for shorts]
is that ALL 'Restricted commons' AND 'Convertible Preferreds'
AND 'Options' AND 'Warrants' are ALL COUNTED as part of the
FULLY DILUTED, as if they were ALL converted + exercised,
and UNrestricted. Someone should tell the longs that it
TOTALLY DOES NOT MATTER IF PREFERREDS ARE NOT-YET-CONVERTED,
OR 6-MONTH-RESTRICTED, OR IF OPTIONS + WARRANTS ARE
NOT-YET-EXERCISED. THEY ARE ALL 100% COUNTED IN THE
'FULLY DILUTED' , and that's what shorters count on.
And, the more the novice longs are confused, the more the
bouncing in the temporary [+ soon-to-be-and-always-corrected]
trading 'price' of the 'stock'. Especially pinkys + pennys.
GLTA. swvc price corrections resume in 13.5 hours.
Which leaves only 5.5 hours of re-thinking, for those
who enjoy 8 hours of sleep on Sunday nights. And, for many,
we already lost 1 hour this weekend, thanks to the
'daylight-savings' game. [Which is now 8 months long!]
[We Physicists know that anything over 6 months is a joke.]
AI
