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Re: JimsZ post# 207219

Friday, 11/21/2008 7:11:38 PM

Friday, November 21, 2008 7:11:38 PM

Post# of 245649
It's pretty hard to sell ,,,
Always-Money-Losing 'businesses' , that are
6x Underwater in Toxic Debt , and ALL
located in a Permanently Depressed Mini-Region of the US ,
at the Start of a Multi-Year + World-Wide Recession ,
or worse.

However , it was [now] apparently ALWAYS part of the 'plan' .

And now that the common shares are ~No-Bid at $0.0001 ; and
UNdumpable , except for a few $1000 per trading day ; with
$12 Million more in Floorless Convertibles Already Waiting ;
and 4 more months before the next Reverse-Split is even
possible , [assuming no BK or Wells Fargo Foreclosure] ,
since ONLY 1 Reverse-Split is Allowed Within 6 months] ;

It is now time for Phase #2 of the 'plan' .

Phase #1 was done , after All Friends+Family ~BK 'businesses'
were 'acquired' [probably illegally] inflated 'prices' ,
especially considering the Toxic Debt that they dredged into
Seaway's already-underwater swamp. Now, All cash is gone ,
and exec salaries + bonuses Must Be Paid , Before Dec. 31 .

So, it's time for Phase #2 = Liquidation of Anything that
could bring in Any cash , to pay those exec planners ,
before it's too late. In a BK , a Real Judge will decide
who is approved to buy anything ; and how much they must pay.
But, Before BK, the plan-man can set the prices , and sell
Way-Under-Priced swyv stuff to whoever he still likes ,
including his same-old Friends , or Family , or himself.

Then, Drain off All New Cash [if any] , to pay those
Almost-Too-Late exec salaries + bonuses.

When Phase #2 is complete , swyv will be right back where it
started last year. A not-quite-empty shell , with no Assets ,
but loads of Floorless Toxic Debts.

Except, the Debts will be $12+ Million [instead of $500,000] ,
and All $40 Million of Only-Common-shareholder-Cash will have
been re-distributed , according to the plan-man's plan. And,
the 'spin-offs' will be All Privately Owned, and profitable,
after being 'purchased' at liquidation 'prices' ; And with
none of that 'over-looked' + intrinsinking debt.

Seems like the plan-man really is a genius ; and even learns
from his ~legally-justifiable-overlooked mistakes ; and even
fixes All problems ; and keeps the 600+ No.Country employees
on-the-job.

extra , Sincerely .

P.S. ; Don't expect Any No.Country Judge to Over-Rule Any
'plan' that keeps those 600+ employees working. However ,
for those averaging-downers who still have more cash ; we
expect that most of those 'Private' spin-offs , will morph
into Public Pinkys , probably. With no need to waste cash
by reporting to the SEC separately , on each of them. Just
another lesson learned by the genius plan-man , who won't
make the same mistake twice ; unlike his newer unvesters.

P.P.S. ; The best part of 'the plan' was that ONLY 1-for-5
Reverse-Split. We never saw such a mini-Reversi. But, now
it's purpose is obvious. NO MORE REVERSE-SPLITS ARE EVEN
POSSIBLE , FOR 4 MONTHS , AS swyv SINKS INTO BK. So, All
Insiders + Converters MUST AGREE To Privately Spin-Off All
swyv stuff [except the Toxic Debts] , at liquidation prices.
Insiders get everything of any cash value. And, common
shareholders get everything of negative value ; = All
$12 Million of left-over + Floorless Toxies ; and a tax-loss
of ~$40 Million [which actually has some cash value , now ,
but was not worth the cash loss , except for those who learn
from the exciting experience , and/or enjoyed meeting new
friends for a year].

By the way , those ~$12 Million 'worth' of Floorlessly
waiting Toxic Convertibles , will take 2,400 Trading Days
to convert+dump , at the current rate of ~$5,000 per day.
That's only about 10 More Years. Pretty good , for only
about 1 year of planning + working + travelling + hiding.

But, we could be All Wrong ; if those secret Bio-Hazard
and/or Escrow 'Theories' pan out of , and/or China Money Guys
dive into , the already-6x-drained Seaway swamp. Or , 1812
grows past Coors + Bud ; or Hackers drives Wal-Mart into BK.
Anything is minimally possible. After all , the start-up US ,
beat the World-Dominating British, in the War of 1812.

Averaging-down is profitable, for shorters, only.