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Tuesday, September 15, 2009 7:33:16 AM
Just think, maybe 2-3 million dollars worth of common shares will take the price above .01 and allow her brother to sell the shares at a higher price than .0001 ! Would also show investment by family other than SWVL overpaying by $8 million for Wisebuys... Instead this heartless POS converts her preferreds to debt in which her bro can then file bk after paying himself off $1.5 mil for his preferreds (what TS already converted to be able to "cash out" and leaving rest of his family first in line to be paid with anything assets that are left - I am thinking resteraunt property in Sackett's Harbor (which is why they kept the property, yet sold the biz), Hackett's owned buildings, etc!!
Just think, owning a company that's failing big time, negative equity of $1.6 million, and selling that same company to your shareholders for $6.4 million ?? - Only in America is this legal to do/get away with! SEC, where are you before the Scozzafava's steal more sucker shareholder cash???
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