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Epic

08/27/07 9:24 PM

#25032 RE: lowtrade #25026

Lowtrade u make a great point. The bashers will come out if the fins dont come out and everyone will panic and sell. I dont think they will post a 8-k. I believe it will come in the 4q reports. jmop
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AMERICAN_PSYCHO

08/27/07 9:24 PM

#25033 RE: lowtrade #25026

lowtrade

I wholeheartly agree with you.
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Faucet

08/27/07 9:28 PM

#25034 RE: lowtrade #25026

Lowtrade

This is useful and I see the distinction here.

Given that TS has been very up front about identifying the revenues of the proposed assets of SWVC (see below), while the actual AFs themselves may not be posted in an 8K, I predict we will see continued transparency not only with respect to Wisebuys and Hacketts revenue but also any other assets, frankly, that do/will come under the SWVC umbrella. Once the deal with Wisebuys is consummated (subject to their due diligence through AFs), it would make sense from a business perspective to share this information with investors (at least in generality) pending later release of the the quarterlies. It would also very consistent with the way in which TS has approached the the whole RM. So, in the end, maybe there is no meaningful difference. At least, that's my view.

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July 2nd letter to Shareholders

"WiseBuys and its in-store partners have generated store revenues of over $35 million since November 2003, and, after a brief pause, WiseBuys is now aggressively seeking growth through acquisitions and new store development. I am currently the Treasurer and CFO of WiseBuys Stores, Inc. The Seaway acquisition of WiseBuys will be subject to completion of audits of WiseBuys and is expected to close in July or early August." 2007.


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ktran11

08/27/07 10:49 PM

#25055 RE: lowtrade #25026

well said, false hype can kill a stock. false expectation is a terrible trap to fall into.

"The PR did not say SWVC was going to release audited financials. It said the financials were to be used to close the deal! Very basic business practious!! Know what your buying!"