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Wednesday, July 23, 2008 8:31:42 PM
The statement made by Tom regarding the dilution did not come off as a promise to me. Why or how exactly did you consider it a "promise"....? Please see the statement below in bold.
Posted by: AMERICAN_PSYCHO Date: Tuesday, July 22, 2008 9:17:41 PM
In reply to: JimsZ who wrote msg# 191474 Post # of 191961
Negative. Tom hasn't lied to any shareholder.
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."
At that time the stock price was significantly higher - shareholders expected conversion rates to be much higher as well. All legacy SUB-PENNY debt was soon to be satisfied. Tom also knew Seaway Valley would be merging with North Country Hospitality, Inc., a company with assets of approximately $13 million and pro forma revenues of approximately $6 million. With Tom bringing in more Intrinsic Value into the company, a logical thinker would foresee the merger boosting SWVC's stock price. Obviously, things did not happen that way, but again, Tom has told no lies. I believe your post to be very wrong.
Posted by: Degreed Date: Wednesday, July 23, 2008 8:26:20 PM
In reply to: investor911 who wrote msg# 191959 Post # of 191963
Grabbing at straws......the pps won't move until the share structure is dealt with. People will not take TS on his word since his last "Dilution will subside shortly promise.
How is this any different? If a PR is release stating some lump sum payment or % stake was completed/initiated then great, but why take this for face value when so many have been so burnt?
ALL POSTED BY AMERICAN_PSYCHO IS EITHER FACT OR OPINION.
Posted by: AMERICAN_PSYCHO Date: Tuesday, July 22, 2008 9:17:41 PM
In reply to: JimsZ who wrote msg# 191474 Post # of 191961
Negative. Tom hasn't lied to any shareholder.
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."
At that time the stock price was significantly higher - shareholders expected conversion rates to be much higher as well. All legacy SUB-PENNY debt was soon to be satisfied. Tom also knew Seaway Valley would be merging with North Country Hospitality, Inc., a company with assets of approximately $13 million and pro forma revenues of approximately $6 million. With Tom bringing in more Intrinsic Value into the company, a logical thinker would foresee the merger boosting SWVC's stock price. Obviously, things did not happen that way, but again, Tom has told no lies. I believe your post to be very wrong.
Posted by: Degreed Date: Wednesday, July 23, 2008 8:26:20 PM
In reply to: investor911 who wrote msg# 191959 Post # of 191963
Grabbing at straws......the pps won't move until the share structure is dealt with. People will not take TS on his word since his last "Dilution will subside shortly promise.
How is this any different? If a PR is release stating some lump sum payment or % stake was completed/initiated then great, but why take this for face value when so many have been so burnt?
ALL POSTED BY AMERICAN_PSYCHO IS EITHER FACT OR OPINION.
ALL POSTED BY AMERICAN_PSYCHO IS EITHER FACT OR OPINION.
