one heck of a short...when that be the case ,,,
which is ASAP after Any future swyv Reverse-Split.
While the current swyv longs , will again be locked out
of selling anything , again , for another 2+ weeks.
And the Still-Waiting-On-Line Converters will again be able
to re-flood the Seaway , and crash the next new Reversed
sw-whatever price by another 90+% per week , until it sinks
back down to ~$0.0001 Again , After The Next Reverse-Split ;
No Matter How Large It Is [even 1-for-1000].
Assuming that :
1] Anyone keeps averaging-down ; and
2] Wells-Fargo re-delays foreclosure ; and
3] sw-whatever still somehow delays 'operational' BK ; and
4] it's maybe 'legal' to do 2 Reverse-Splits within 6 months.
extra , Sincerely .
P.S. ; Can anyone explain who is buying any Reversed swyv's ?
About 30 Million per DAY are being dumped at ~$0.0002 , for
a Total 'Investment' of ~$6,000 per DAY by some new buyers ,
and/or some old longs who are still averaging-down. And, all
of that new daily cash is going to Converters + Shorters ,
every trading day. [Maybe some goes to swyv , if the plan-man
has a 'sharing-arrangement' with the Converters , and they
let him dump in some of those newest 1 Billion 'Employee
Bonus Plan' common shares.] Anyway, as long as the longs keep
buying , the sellers will keep selling , until sw-whatever
files for BK. There's over 1 Quadrillion new swxx's on line.
P.S.S. ; If they don't All sell out before BK ; the biggest
$-bagholders [not counting the $40 Million Already unvested
by the commons] , will be the Waiting-On-Line-Converters ,
including the $12 Million 'owed' to CASH LENDERS [who never
are happy to lose , and never forget] ; And , the other
'friends + family' converters , who 'own' ~95+% of Seaway's
'assets' , [which are currently 'worth' ~MINUS $20 Million].
So ; the Seaway 'friends + family' , will never actually get
another micro-penny from their UNdilutable Cornvertible
Preferreds ; Unless they cornvince YA To Lose Money. That
hardly ever happens. But, let the games begin.
By the way ; If we were longs , who ever lost cash in this
Seaway ; we would get a lawyer to 'track' those 'unusual'
'politically approved' 'redevelopment funds' that 'financed'
the 'buying' + starting of 'wiseguys' , after the old failed
Ames went BK. It seems to 'tie in' Almost Everyone , who
eventually profited , while everyone else lost 99+% per year.
Averaging-down is profitable, for shorters, only.
