TS can't run a profitable business...
That's why he made swvc common 'share'holders buy
his always-money-losing wizeguyz outlets, for Cash,
that went directly Out of swvc, and Into his personal
bank account.
And, to get a load of new common 'share' buyers, he 'bought'
a Super Toxic shell, for ~Zero, EXCEPT that he 'agreed'
to 'let' the swvc commoners PAY CASH FOR ALL OF THE
SHELL'S TOXIES. [ There also must be something more to the
'shell-game' , because a Brand New, Totally Uncontaminated,
Debt-Free Shell can be originated for less than $200k, and,
in less than 2 months, by 1 competent lawyer. Instead, TS
made the commoners pay $500k, for a Super-Toxic shell, that
was previously grossly contaminated, by a 'friend' , who
made out like a bandit, at the direct + ~immediate expense
to swvc commoners, ONLY. And, they are still paying more. ]
TS only seems to have made 1 [huge] publicly admitted goof.
By saying that he [who has personal Fiduciary Liability] ,
and his swvc 'lawyers' [who have legal liability] , forgot
to read the MOST IMPORTANT PART of the shell-shuffle 'deal' ,
which explicitly said that the Toxies could NOT be paid off,
in Cash, EVER. So, massive dilution of swvc commoners was
guaranteed. Meanwhile, back at the ranch, TS voted Himself,
ALL BY HIMSELF, 80% UNdilutable Ownership of ALL swvc Votes,
And Assets. So, his 'oversight' ONLY HURT swvc Commoners.]
It gets worse. swvc commoners got used to 'owning' ONLY
20% of swvc. And waited for the very first Audited piece
of swvc paper. Which was Late. And, almost missed the
'extension' deadline. [Actually, it did, because the 10-K
that was Filed, obviously 'needs more work' , which will
probably be Filed next month.] But, the deficient 10-K did
show 2 new hunks of Super-Bad 'news' . Probably required by
the Independent Auditors, otherwise, they would not 'Sign' ,
and risk losing their license to Audit, and being part of
a continuing cover-up.
Here's the 2 hunks of just-filed, big-bad 'news', in the 10-K:
1] swvc commoners DON'T EVEN OWN 20% OF swvc. It was
secretly REDUCED TO LESS THAN 9.8% , and Never Reported,
in an 8-K Filing, or a PR, or IN ANY WAY, until the late 10-K.
1a] And, it could be reduced again, any day, and maybe
already has been, Because, it only takes 1 Vote, of the
1 guy, who ALWAYS OWNS 80%, NO MATTER HOW MUCH HE DILUTES
THE COMMONERS [only].
2] Also, Hackers LOST MONEY, from 7nov-31dec2007. That's the
Christmas Season, where All Real Stores make-up for their
previous 10 Months of Losses.
And, it even gets worse.
So far, TS 'bought' a Super-Toxic contaminated 'shell' ,
and stuffed it with Always-Money-Losing wizebuys, and then
'bought' Hackers, which is now/also a proven money-loser.
But, the longs are cheering about another 'acquisition' .
In an already-depressed small region, of the U.S., as the
U.S. is entering a probable 1-2 year recession [or worse].
IOO, there is No Chance that the 'Hospitality' Biz,
[whatever that is], will profit in a tiny depressed region,
during a world-wide recession [/depression ?] . And, the
'Hospitality Acquisition' can't possibly be profitable,
otherwise, they would not sell-out to a ~pinky, on the verge
of BK, that has No Cash, and can only 'offer' another
brand new load of Super-Toxies.
Maybe they are 'Series F' , since we already know that TS
swapped his Series A's , for Series E's . [And, still,
no longs/mods have figured out, or posted, The Reason.]
We shorters [+ maybe some flippers] know exactly why. And,
it's even 'hidden' in the 10-K. Probably, again, as required
by the Outside Independent Auditors, before they 'signed-off'.
IOO, if swvc 'acquires' anything, it will be just another
always-money-loser, overloaded with even more Toxies, and
swvc will just have to file for BK sooner. We are starting
to believe, [as other posters have mentioned], that the
real 'business plan' of swvc IS to go BK, after quickly
'acquiring' debts from old 'friends' , and selling personal
stuff [for immediate personal cash] into the Toxic Shell.
Only an 'experienced' ~genius could do it fast enough, before
the long commoners catch on.
So far, so good [for shorters + lucky flippers + CEO's, only].
extra, Sincerely. But, just IOO, as always.
