Many more have profited from The Plan ...
Typically, for crashing-only stocks [like sw-whatever] ,
shorters scoop up 20-30% of what longs corntribute.
And , Seaway is way more reliable + profitable than
Any current crasher , for 2 big reasons :
1] Almost straight down , ~99.5% , in ~1 year.
2] With longs corntributing ~$40 Million , before the Reverse.
Thus, shorters should/must have already removed $8-12 Million.
And, long flippers probably did almost as well , unless they
also partially held some and/or averaged down.
But, the quickest profits may be had in the final phases of
this Death Spiral. And, we've never seen a better set-up.
Today's Flood Report from the TA confirmed 58.49% [at least]
More Dilution , just since the Reverse , 3 weeks ago .
That's a 'compound weekly rate' of ~16.59% PER WEEK .
At that rate of compounding , it will take
LESS THAN 20 WEEKS TO RE-MAX-OUT , AT 10 BILLION COMMONS ,
COUNTING THE LAST 3 WEEKS. So, just 17 to go = 10 Feb 2009
It could even be quicker , if Wells-Fargo forecloses.
Especially if the CD-Insiders 'somehow' find out , before
it's 'officially announced'. Then, they All have to Convert
All , ASAP. Because, anything UNconverted on BK day ,
becomes TOTALLY WORTHLESS , INCLUDING ALL COMMON 'SHARES'.
But, there is 1 'silver lining'. The Plan Man personally
owns 80% of the lined-up Converters ; And, his family ,
[who 'sold' wizeguys] owns ~9.8% ; And, his friend + COO ,
[who dumped in only his NCH cash-burners] owns 5.2%.
We would guess that they are All Last On Line , BEHIND
the Real Money Lenders , who Never Lose ; so, they Must
Always Go First , or else.
We Very Seriously Doubt that the 202+ Billion Conversions
will ever leak in through the flood-gates ; and float into
the already-over-flowing Seaway. [Ooops, almost forgot.
There WERE 202+ Billion Converters already on line , BEFORE
the Reverse , assuming an UNreversed price of $0.0004 .
But, they are All Floorless , and the current price AFTER
the 5x Reverse , is already back down to ~$0.0004 .
So, There must be over 1 Trillion by now ; Assuming that
swyv Never sinks below $0.0004 , until AFTER the 1 Trillion
newly converteds swim through the Seaway.]
extra, Sincerely
And, GLTA
Except, maybe, the shorters, who don't need any more luck.
And, never did, or ever will, in this Seaway, which is fed
by Niagara Falls. [Really, geographically.] But, as viewed
from 99.5+% below, by old longs, it probably looks + feels
more like Viagara Falls.
By the way. Does anyone have any idea who could possibly be
buying Any of these Post-Reverse Newest common sharelettes ?
Averaging-down is profitable, for shorters, only.
AI
