Monday, September 01, 2008 9:24:22 PM
~$30,000,000 went to the plan-man, to pay off old debts.
~$5,000,000 went to Brokers + MM's , for swapping swvc's.
~$5,000,000 went to shorters, mostly overseas, and
mostly day-traders, who never 'sho' up, naked or not.
All in just ~1 year. As planned, by the genius plan-man.
And now, swvc 'owns' Only cash-burners.
With Negative 'Net Assets'.
And, is in default on $5 Million Loans to Wells Fargo.
And, keeps losing ~$1 Million per month [per SEC Filings].
And, has DEBT of 200 Billion Convertibles @ $0.0004 ,
which is $80 Million More OWED to the Converters ,
that will ALL be paid by more averaging-down, of ONLY
long + common 'share'holders. Just like they, ONLY, paid
ALL of the first $40 Million.
While NO swvc INSIDERS EVER BOUGHT EVEN 1 swvc COMMON 'SHARE'.
It's hard to believe that those longs just kept buying,
while losing 95+% in just the last 1 year. And, they keep
averaging-down, at every swvc all-time-low. Even when they
know that the R/S Will Happen Very Soon, along with a huge
Increase in Authorized Newest Common 'shares'.
But, it's All OK. And, everybody is Still happy.
1] Converters will collect their ~$80 Million STILL OWED.
2] The plan-man + his new COO will keep collecting their
'salaries + bonuses' for their part-time 'work'.
3] The shorters + Brokers + MM's will 'share' another ~$20 Million.
4] And, the longs will cheerfully average it all down.
extra, Sincerely. And, corntinued Thanks to the averagers.
P.S. ; But, those averagers Must Hurry. Because swvc is
very-fast-burning out of All cash. And, swvc can't 'borrow'
any new cash, until they pay off All of the old Converters.
According to All of swvc's Filings, with the SEC, they
should be BK by Christmas [unless WF forecloses in October].
Unless, the plan-man 'comes through' , for the very first time.
Averaging-down is profitable, for shorters, only.
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