Seaway valley capital corporation (SWYV) a saga I have closely monitored from its inception a little over a year ago. This "brick and mortar" operation of supposedly more than $35 million in assets is a classic example of stripping uninformed investors of every last penny. CEO, his family and other insiders hold about 95% of the company in form of preferred shares, while common shareholder already have been taken for approximately $25 million dollars while holding now about $250k worth of stock that despite a recent RS can't be sold (no bid). Debentures that convert to another trillion or more shares at the current sp are the cause.
Dilution knows no bottom, greed knows no top.
-Crashman
