AI
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| Alias Born | 04/15/2007 |
Thursday, June 12, 2008 10:16:56 AM
LUCKY - The Scozzafava family is fairly well-off from what I understand. Meaning they don't "need" the money. This is about building a legit diversifed holding company from ground up - by the book. The ultimate goal is for SWVC to list and trade on the AMEX or NASDAQ. For the year 2007 Tom only received $10k in cash (salary) and a repayment of a loan of $250k. As we recently learned...."The $250,000 repayment by WiseBuys of the personal loans of Mr. Scozzafava was transacted by WiseBuys in JANUARY of 2007 .... around ten months prior to WiseBuys being merged into the public company, Seaway Valley Capital Corporation. This loan would have been repaid regardless of whether or not WiseBuys ended up going public. There is no way this repayment by WiseBuys of loans from Mr. Scozzafava could be construed as "Seaway shareholder money" since it was repaid ten months before there were any "shareholders"...."
Tom isn't lining his pockets with shareholder money - that's the biggest myth here! Completely false! Other than the above mentioned $250k, neither he nor his family have, to date, received any of those proceeds back. None.
Like I told cdnkid yesterday:
Tom did not lie to you, nor did he lie to any other shareholder for that matter. The man actually continues to do what he says he'll do and has proven good on his word thus far. I encourage you to have just a bit more faith in the company and a little more trust in Tom.
January 24, 2008:
"Additionally, with less than $100,000 of the legacy sub-penny convertible debentures remaining, we expect the significant dilution to subside shortly."
ALL POSTED BY AMERICAN_PSYCHO IS EITHER FACT OR OPINION.
Tom isn't lining his pockets with shareholder money - that's the biggest myth here! Completely false! Other than the above mentioned $250k, neither he nor his family have, to date, received any of those proceeds back. None.
Like I told cdnkid yesterday:
Tom did not lie to you, nor did he lie to any other shareholder for that matter. The man actually continues to do what he says he'll do and has proven good on his word thus far. I encourage you to have just a bit more faith in the company and a little more trust in Tom.
January 24, 2008:
"Additionally, with less than $100,000 of the legacy sub-penny convertible debentures remaining, we expect the significant dilution to subside shortly."
ALL POSTED BY AMERICAN_PSYCHO IS EITHER FACT OR OPINION.
ALL POSTED BY AMERICAN_PSYCHO IS EITHER FACT OR OPINION.
