InvestorsHub Logo
Followers 20
Posts 1007
Boards Moderated 0
Alias Born 09/18/2006

Re: winnotlose post# 206080

Sunday, 11/02/2008 11:57:55 AM

Sunday, November 02, 2008 11:57:55 AM

Post# of 245650
TS + "the company and its management" ,,,

are All now the targets of the SEC , IOO.

Here's the full quote , from the SEC letter to Seaway :

*******************************************************

"We urge all persons who are responsible for the accuracy and adequacy of the disclosure in the filing reviewed by the staff to be certain that they have provided all information investors require for an informed decision. Since the company and its management are in possession of all facts relating to a company’s disclosure, they are responsible for the accuracy and adequacy of the disclosures they have made".

*******************************************************

And , here's who at the SEC signed it :

" You may contact Scott Stringer, Staff Accountant at (202) 551-3272, Donna Di Silvio, Senior Staff Accountant at (202) 551-3202 or me at (202) 551-3720 if you have any questions regarding this comment or related matters.
Sincerely,
Andrew Mew
Accounting Branch Chief "

*******************************************************

IOO ; typically , the "16 points" in the SEC letter would
have been more than enough for the SEC to suspend trading
of sw-whatever. In addition , some of the '16 problems' are
related to personally taxable profits from sw-whatever's
'acquisitions' of way-overpriced 'businesses' , directly
from close relatives , and 'friends' , and relatives of
the friends , including 'friends' with previous histories
of similar 'problems'.

We have never seen such a 'strong' letter from the SEC ,
[And , signed by a high-level SEC Manager] , without any
immediate Action. We suspect that the SEC is probably
giving All of the sw-whatever 'managers' , a little more
rope , to hang themselves , and/or blame each other.
Possibly in a coordinated 'deal' with other 'Agencies' ,
who have just started deploying their Seaway Fishing Nets ,
and want to hook a few more big fish , as they try to spit
out their first bites of the bait that binds All of the
Insiders , who keep feeding off the ~$40,000,000 that was
lipo-suctioned from the ~4,000 swvc common 'share'holders ,
IN LESS THAN 1 YEAR.

We would not be surprised if the spreading net includes
several 'outsiders' , who have helped swvc [and several
similar + inter-related + near-BK 'companies'] , play their
nearly identical games , all in the same 1 year , for a
total of over $60,000,000 combined. Including 1 'helper'
that even admits to direct pay , directly from the Seaway.
We suspect that there are at least 10 more , who recently
quit 'helping' , and submerged , totally. And, at least 5
more , who have recently become much less obviously helpful.
And, many more who seem to have tried to switch sides.

extra , Sincerely .

P.S. ; We expect that sw-whatever will soon , again , be at
the Top of the iHub 'Most Read + Posted' boards. As the
grinding wheels start crushing through the No. Country
wheat fields , and quarantining the bio-hazards.

All of the above is just opinions , of course , as always ;
which Legally Goes Without Even Saying , Ever , on any blog.

Averaging-down is profitable, for shorters, only.