If swvc stalls, WF forecloses, then,,,
instead of an swvcE, we get an swvcQ.
The WF Rules Require Hacketts Financials EVERY 30 DAYS,
AND NO TARDY GAMES. And, ON TIME FILINGS WITH THE SEC.
The swvc 2008 Q-1 10-Q must be much worse than everyone
expects, including even us. When/if it's Filed, we would
Not be surprised to see a Gap, right Down below $0.0025
Shorters won't like missing the probable Gap, and may
start dumping at any price, in the last hour today,
whether the late 10-Q is Filed today, or Not, or Ever.
And, if swvc earns their E or their Q, the seaway floodgates
will be wide open. Because all holders of common shares +
Preferreds + CD's + Convertibles get Zero, unless All Other
swvc Debts + Payrolls + WF Loans + Everything Else is 100%
Fully Paid-Off, IN CASH, which swvc DOES NOT HAVE.
The only question is , who converts + dumps their convertibles
first. We expect that the CEO will try to stall everyone,
except the Family C's, some of which are even his. But, the
noo COO won't like this, since his D's are also UNrestricted,
and could have already been dumped, if he wasn't convinced
to wait for YA, like a nice guy.
Anyway, everyone, [especially All Insiders], know that Q-2
will be much worse than Q-1 , even if nothing is ever Filed
again. Because, Q-2 Must Include All Of The Extra New Losses
from the 'acquisition' of the always-money-losing NC stuff.
The trickiest part is, what will the CEO do with his E's.
If he dumps first, with the current float at 1.2 Billion,
he 'only' can dump 4.8 Billion new floaters. But, if he
lets All of the other Insiders go first, they will raise
the float to ~10 Billion; and then his 'Always 80% Of
Everything' becomes ~40 Billion new floaters. That's about
8 times as many, just for letting his friends+family go first.
BUT, the price of each newly dumped 'share' will probably be
way down by then. Probably Much More Than A Factor Of 8.
[That's 'only' a drop of ~87%. We expect that a drop of 98%
is much more likely, since the Fully Floating Dilution will
be a Factor of 50, when the final E's are 'distributed.]
Should be interesting.
extra, Sincerely. But, just more opinions, based on Facts.
P.S. ; More likely, swvc will be halted, long before the
CEO can finish dumping, even if he goes first, and, assuming
that he can 'convince' [or force] All of the other Insiders
to wait, patiently. Hopefully, the local Newspaper will fully
film the friendly family fight, and televise it live. No
Reality TV Show has ever done that. With special guest
appearances from the FBI + SEC. Think of the Ratings,
and the Quick Profits, and more from the Re-Runs, and Cable
deals, and even DVD's, and entertaining CD's. [Which brings
us right back to where the swvc show started, 10 months ago.]
AI
