IOO , sw++ will never 'pay back' anything ,,,
to ANY Common shareholders. Or 'acquire' anything
of any positive value. Or, make it grow into any
positive value. sw++ is Down 99+% for good reasons.
Their 'plan' was always 'just the usual' for pinkys ,
[= PRs + paid promoters + pump&dump + dilute until BK].
However , the CEO was 'experienced' , so he cleverly
added a few twists , worth ~$40 Million , so far ,
ALL Paid Only By sw++ common 'share'holders , including a
few who are still [inexplicably buying +] paying .
Here's the 'plan' :
1] 'File' stuff with the SEC , to look better than the
average pinky , [until the SEC notices, which usually
never happens, Except for plan-men , who over-reach].
2] 'Own' only Brick+Mortars , with 'revenue' , to try to look
like a 'real + growing company' , [especially in No. Country,
which is a permanently depressed mini-region , where
real-looking 'assets' are much cheaper ; And, local family
politicians can 'arrange' special 're-development' gifts ,
to keep the locols 'employed' ] . It may have actually
worked for more than just 1 year ; except for the unplanned
World recession/depression + credit melt-down.
3] 'Buy' only money-losers , because they are much cheaper ,
[+ MUST accept Floorless Toxies , instead of cash ; just to
try to off-load their own Toxic Debts ].
4] Always collect excessive 'salaries' [+ bonuses + expenses]
for as long as possible , by printing+dumping new 'shares' .
But, the experienced guy went 1 step too far , and tried to
claim his [obviously UNearned] salaries , as just 'untaxable'
repayment of loans to 'acquisitions'. [IOO , that annoyed the
IRS , who woke up the SEC , + many other agencies + politicos]
That was the 'Achilles Heel' , that accelerated the obviously
inevitable sinking of Seaway.
But , the experienced plan-man even tried to add a few extra
friends+family benefits.
1] 'Overlook' all Not-At-All 'empty shell' Floorless Toxies ,
And , blame it All on the sw-lawyers , who 'forgot' to read
Any Of The 100% Standard + Toxic + Death-Spiral BOLD Print ,
which is Always In All Cornell stuff. And, then, 'forget' to
ever blame[=sue] the NEWLY-HIRED sw-paid-lawyers.
Just guess why. And, who may have 'instructed' them.
As we recall, sw++ 'hired' some new 'lawyers' ,
Right As the plan-man 'bought' the NOT-AT-ALL-EMPTY-'SHELL' ,
FROM AN 'OLD FRIEND' , THAT HE 'WORKED FOR' ,
WHO EVENTUALLY FIRED HIM 'FOR CAUSE' , AND
NOW THEY ARE NOW ALL IN COURT SUITS , Forever.
2] Meanwhile , get sw++ to 'acquire' the Scozza-Family-Owned ,
AND ~$6 MILLION debt-riddled + SHOULD-HAVE-BEEN-BK wizeguys ,
And, have new sw++ 'share'holders pay cash for the 'deal'.
3] And later , since it seemed to 'work' , try doing ~the
same thing with a new 'friend' ; who just happened to also
live in No.Country , and also 'owned' money-losers , with
massive debts , that also needed to be 'acquired'.
We can only guess the 'status' of the 'new sw acquisition' ,
that was PR'ed ~5 months ago , by the plan-man. We guess that
it must be already BK ; or so much worse , that even Cornell
sees Less Than $zero Toxic 'Value'.
extra , Sincerely .
P.S. ; We still can't figure out why Anyone keeps buying Any
sw++ common 'shares' , Including Any MM's. Especially since
it's now below $0.0001 , and essentially 'No Bid' , forever.
And, sw++ can't even try to Reverse-Split again , for at least
4 more months ; Because :
NO 'STOCK' , REAL OR PINK OR GREY OR NOT ,
CAN EVER REVERSE-SPLIT TWICE , WITHIN 6 MONTHS.
IOO , clearly [IOO] , sw is really BK already ,
and really has been, from day #1 . [Thus, we short.]
They just did not Yet get sued by WF , or
anyone else that they did not pay On Time.
Probably because , it costs more to sue ,
than anyone will ever collect from a Massively In-debt BK.
But, sw++ is still a great short , if they last
long enough to Reverse-Split again , in ~4 more months.
If/Then , we shorters will re-play. But, Only if the
old longs keep averaging-down , for 4 more months ,
and keep paying sw++ expenses + salaries , to barely
keep sw++ 'trading' , until the their next legal Reverse.
It's really just that basic. And, all Insiders know it.
Including those who try to look like 'outside' unvesturs ,
just like the other 4,000 who already unvested $40 Million.
P.S.S. ; IOO , When/If the SEC + IRS [+ others] ever collect
Any cash from the plan-man + family + friends ; Not 1 Penny
will Ever be paid to Any sw++ common 'share'holders.
Never has been ; and Never Will. It's ALL 'fines' ,
to 're-pay' the 'fund' for the Govt's sw++ 'expenses' .
[Which is currently ~$1 Trillion under the Seaway.]
