Thursday, August 28, 2008 3:27:59 PM
because longs are still averaging-down above $0.0002
AND, converters are still dumping their recently-converted
common 'shares' , that they got stuck with , after they
converted their old CD's up to the limit of 2.5 Billion.
5 Times as many can be dumped , if it's done BEFORE the R/S.
And, as long as the common 'share' price is above $0.0002 ,
there's ABSOLUTELY NO PROBLEM. Until, they are all dumped,
and/or longs quit averaging-down.
We wonder which will happen first. Not that it matters.
Because the only real time-clock for swvc is the never-ending
cash-burning to the eventual/soon BK. And, swvc owes $860k
in BRAND NEW CASH to WF , in LESS THAN 2 MONTHS.
With MUCH OF IT OVER-DUE IN LESS THAN 1 MONTH.
extra, Sincerely.
P.S. ; Meanwhile, swvc is flat-lined , until the R/S.
Which makes it useless for All flippers and shorters. But,
when the R/S happens, the shorters will down-tick the
new price back down to below $0.0005 within 2 weeks.
For a quick + riskless 80% profit. And then, cover, and
sleep through the next flat-line, while waiting for the
next sequential reversi. There is No Way To Escape A
200 Billion Brand-New-Shares-Floorless-Toxic Death Spiral,
without a BK. And, if the $0.0004 'Estimated' Conversion
'price' does Not Hold [which it won't], the 200 Billion
could easily grow to over 1 Trillion. That's only 5-X from
right here. And, After the 1-for-5 reversi, and the 'new'
common 'price' sinks back to $0.0005 , That's the 5-X.
By the way, when the trading 'price' is $0.0005 , the
Conversion 'price' is $0.000375 [for the 25% Discounted
Converters = Most of them], or even $0.0001 [for the ~80%
Discounted Converters = ALL of wizeguys Family sell-outs].
So, any Real Investor would 'evaluate' swvc , as if it
already had a ~1 Trillion-share Fully Diluted Float. And,
then evaluate swvc's non-cash burning 'assets' , MINUS
swvc's Guaranteed Debts [and the future probable debts
from any possible future cash-burning 'acquisitions'].
The probable/guaranteed numbers are staggeringly laughable.
But, just for simplicity, let's assume that :
1] swvc Never 'acquires' any more debts and cash-burners,
2] And, dumps all current cash-burners, to become
barely 'cash-flow-neutral' ,
3] While taking 5 years to pay off All debts.
[None of which is likely, but All Must be done,
within the next few months, to prevent BK.]
Well, then we would have All of the Combined Current Longs
'owning' ~2.5 Billion common swvc 'shares' , out of the
Total of ~1 Trillion Fully Diluted common 'share' count.
That's : 2.5/1000 = 0.25/100 = ONE QUARTER OF 1 PERCENT !
Hard to imagine what the longs are thinking , regarding 'dd' ,
or if any of them ever 'evaluated' a Real Business, or stock.
Viewed from the 'Top-Down' ; if swvc were , somehow , 'worth'
$500 Million , Today , in Real [Non-Cash-Burning] Assets,
Minus All Debts [with no more 'acquisitions' of losers] ;
then , each of the 1 Trillion Fully Diluted 'shares' might
Barely be 'worth' $0.0005 , to a Real Investor. Dream On.
Averaging-down is profitable, for shorters, only.
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