News Focus
News Focus
Followers 85
Posts 7844
Boards Moderated 0
Alias Born 04/15/2007

Re: JimsZ post# 174874

Monday, 05/19/2008 9:25:17 PM

Monday, May 19, 2008 9:25:17 PM

Post# of 250253
I believe Desperado has hit the nail on the head... read his posts - they are "keepers".... very astute....

-----------------------------------------------------------------------

Posted by: Desperado90
In reply to: underdog150 who wrote msg# 174829 Date:5/19/2008 7:39:07 PM
Post #of 174875

Yea, YA shorted the Legacy CDs thats for certain. The accumulation could be buying to cover. Now think about this why would YA amend the old CD + the mortgage CD = $3M?

I think YA holds the certs. Now Tom struck a deal with them give me 800M shares back (800M in Escrow), I'll pay you $3M in cash distributions and I'll add up to 134M share warrant @ 0.01.

Therefore, they can buy to cover to Tom for the $3M.

$3M/800M = 0.00375 Average PPS. Look at the trading channel for a while now.

IMO, YA and Tom might be swapping payment for shares. Keep the PPS within the range, YA and Tom can do their thing.

-----------------------------------------------------------------------

Posted by: Desperado90
In reply to: GoodeEYE who wrote msg# 174778 Date:5/19/2008 4:12:04 PM
Post #of 174875

You should know that by now. The drop in PPS was due to the Legacy CD conversion.

The strength here is that we learnt from the January 18th 8K that we have a new amended, reorganised and execution agreement with YA. We have 800M shares in Escrow and We issued up to 134M share warrants to YA @ 0.01.

Now why is the new arrangement important? IMO we payoff the $3M YA CD and SWVC gets to keep the 800M shares in Escrow and YA also get to keep the warrants.

IMO 1.1B-800M= 310M + Possible up to 134M shares = 452M shares new OS.

Need I say more. If you have anymore questions, we can put heads together.

ALL POSTED BY AMERICAN_PSYCHO IS EITHER FACT OR OPINION.

Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y