Wednesday, August 13, 2008 3:48:41 PM
They 'overlooked' some more stuff, and
'accidentally' overpaid $9 Million for junk ,
[using Only common 'share'holder cash] ,
and now swvc 'somehow' Must pay it back.
But, we doubt that even a Cornell-Type would loan
swvc Any More Cash, under Any 'terms'.
There is 1 'silver-lining' .
The wizeguyz overpayment is still sitting in the
wizeguyz 'Family CD' ; so, that could be cancelled,
and The Scazzy Siblings will get $zero , and never be able
to convert. It's only fair, because wizeguyz was always
'worth' less than $zero anyway. And, the plan-man proved
it, by closing them All. And, they were All sitting in
rental units.
But, that's only about $2 Million [or much less] ; so ,
there is $7 Million more to dig up. Part will come from
the new COO , having to take back some of his NCH junk ,
and cancel some of his Convertibles, and [maybe] be forced
to take back some of the debt that he tried to off-load
into swvc. But, if he does Not pay, All + Now, swvc will
still be liable, IOO.
Looks like the plan-man did not quite get away with
overlooking all the bad stuff. Just like the long swvc fans.
extra, Sincerely.
By the way. We don't expect any more Filings, except the BK.
Averaging-down is profitable, for shorters, only.
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