Reverse Splits MUST ALWAYS have a new symbol ...
Which means, that the symbol "swvc" has Only ~40 Minutes
left to trade, Forever.
Starting Monday, old "swvc" longs Won't be able to sell.
They will just have to hold their old collection ,
probably for a week , and maybe more , if the TA stalls ,
which Is Legal.
Meanwhile, during that first week , after the R/S ,
almost everyone expects the New "swyv" to crash , probably
Down 50% , [or more] , depending how fast the shorters
arrive , and the Converters resume dumping. The plan-man
has stalled the Converters for way too long. He was only
'allowed' 30 days, according to Contract Law , with copies
even Filed with the SEC. But, the plan-man made them All
wait 60+ days , as swvc just kept burning cash , and skidding
towards BK. After BK, ALL CONVERTERS WILL GET $zero. And,
ALL commons get $zero, unless All Converters get 100%, FIRST.
Anyway, Monday should be fun for all , but not free for all.
All longs will probably lose another 30-50% , and then more,
as New "swyv" sinks from ~$0.0020 , back down to $0.0001 ,
as the Converters dump 9.5 Billion New common 'shares'.
That's ANOTHER 20x DILUTION ; SO, THE 'PRICE' OF THE COMMONS
MUST DROP BY 95% (which is 1/20th of the reversed price).
There is only 1 way to stall the crash. Which is :
The old longs Must buy All of the New 9.5 Billion 'shares' ,
at the "ask" , as they flood in , from the Converters ,
(and the shorters). Let's see if they have enough New cash ,
and the faith in the plan-man. Here's the bill :
9.5 Billion New 'shares' x $0.0020 each = $19 Million ,
or, whatever it takes to 100% pay-off the Floorless Toxies ,
(which is possible, because they already lost ~$40 Million.)
But, if the longs don't keep averaging-down fast enough , the
New "swyv" Must sink. That's they way 'markets' always work.
extra, Sincerely. [+ Thanx , from the Converters + shorters.]
It was an annoyingly long wait, but, it will be worth it.
P.S. ; We actually expect the longs to Not be able to buy
fast enough. And, the first 0.5 Billion New Conversions will
double the new float. And the price will drop from $0.0020
right down to $0.0010 (probably by Tuesday). Then, another
1 Billion New Conversions will re-double the float , and swyv
will be down to $0.0005 (probably by next Friday). etc.
Until the New 9.5 Billion are all floated in.
But, the first 0.5 Billion will cost the averaging-downers
~$750,000 [= 0.5 Billion x ~$0.0015], and we think that they
might do it , but not fast enough. The shorters will probably
get ~$200,000 [including our ~$50,000] , leaving ~$550k for
the Converters. And $zero for the plan-man [who really needs
the cash, to pay back WF , before they foreclose] , because ,
the plan-man Can't print+dump Any new 'shares' , until All
of the Converters, who gave 'written notice' , according to
their Contracts , as signed by the plan-man , and Filed with
the SEC , are ALL 100% DONE CONVERTING.
Which , we believe , will Never Happen [before BK].
