Well, TS not only 'allowed' swvc's Massive, Floorless,,,
Super-Toxic, Death-Spiral Dilution,,,
But, he deliberately caused it to happen, ASAP,
to get his cash Right Out of his near-BK family wiseguys,
[which he immediately closed, proving their worthlessness],
and to pay-off his old friend's $20+ Million toxic shell,
[using ONLY new cash from new common swvc 'share'holders],
and to help his new friend unload his $5+ Million collection
of always-money-losing NCH debt-ridden Negative-'assets'.
And, he even pays his newest friend a massive new COO salary,
that's almost as massive as his own CEO SALARY. [Yes, SALARY,
AS REPORTED IN THE 10-K, FILED WITH THE SEC; no matter how
many pumpers pretend to believe TOTALLY UNVERIFIABLE eMails
from TOTALLY UNVERIFIABLE SOURCES.] [Time out for rotfl's.]
Just to be sure, we asked the IRS to verify that the CEO
did not 'forget' to report the 2007 SALARY, AS DOCUMENTED
IN HIS VERY-OWN SEC FILING.]
Anyway, back to the Floorless Toxic Seawas. So, the plan-man
was not 'stupid' ; he did it all deliberately, and ASAP, and
for very good personal + friends + family reasons. And, it's
Not at all 'criminal'. It's 400% Fully Legal, because it is
all Signed by the CEO, and his raft of over-looking lawyers,
and Approved by Auditors, and Filed with the SEC, many times.
Finally, regarding the swvc CEO 'allowing' the Massive
Death-Spiral Dilution to keep 'happening' , until swvc
is BK [probably before Christmas] :
He does Not have to 'allow' anything to 'happen'.
And, he Can't even dis-'allow' any of the Never-Ending
Death-Spiral Conversions. The Only ways to stop them
is for swvc to File for BK [likely]; or, get a huge, new,
unsecured cash loan [impossible]; or, get the creditors
to take huge losses [painfully dangerous]; or, just
personally pay-off all swvc creditors [like the common longs
believe/hope]; or, move + hide from All creditors, ASAP,
and ALAP, until the sun re-shines.
It really is just that simple. Most pinks do exactly the same,
within 2 years, right before going BK, totally legally. And,
it's not 'stupid' for the CEO, or the Insider Flippers, or
any of the shorters, or any friends + family that get their
last+only chance to trade/unload their sinking rafts of debts,
and always-negative 'assets' ; directly + quickly + legally
to the Totally + Legally Informed new common 'share'holders.
So, the man-with-the-plan really might be a near-genius,
if he gets away with it. He made it all Legal, by Filing
with the SEC, and paying Auditors + Lawyers [with common
cash], and making swvc ~legally act not-quite-pink.
But, swvc looks so pink, it should be gray; but it's
bleeding conversions so fast, that the gray+red combine,
like toxic oil paints, on a financial artist's palette.
And, the result is legally pink-like.
extra, Sincerely. And, the usual eieio's.
P.S. ; The Realists can see the pink paint-writing, on
all of the seawalls. And, the common swvc 'share'holders
will All soon lose All, Totally Legally. And, they won't
ever collect anything from a lawsuit; thus, it is unlikely
that any lawyer would help, without ~$100,000 up-front cash,
[from the longs], that he keeps, after the longs lose more.
The only real/interesting question is : How will the swvc
CEO ever re-pay the Cornell-like creditors? And, we know
that they don't like to settle for BK. And their logic is
always convincing. Especially in an economically depressed
rural micro-region, that has more horse-heads than houses.
AI
