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VivaLasVegas

11/10/07 2:07 PM

#91589 RE: erdos47 #91587

Tom needs to Update Shares Situation!
When I factor in the New Amended 8K share figures (10/26/07 filing that I missed and wasn't updated on the I-Box), it's disappointing to say the least.

Viva

crooked33

11/10/07 2:07 PM

#91590 RE: erdos47 #91587

Glad to hear you are writing to Tom

many have written to him asking the same thing. This can't be a scam - there must be a good reason for the 500M shares. After all, he knows it would be one hellava shareholder suit with 750 board marks...and plenty of PR's to prove our point

Hope you get a response...let us know!

Soapy Bubbles

11/10/07 2:13 PM

#91593 RE: erdos47 #91587

Mistake: KK doesn't give value. Why do people think this?

Value comes from contracts, purchases, and other economic activity -- not a person.

As for "coming clean", why not support your statement w/ examples?

AMERICAN_PSYCHO

11/10/07 2:25 PM

#91598 RE: erdos47 #91587

The public shell came with $1.52 million dollars worth of debt (June 30, 2007). July 26, 2007 - SWVC's accountant realized SWVC was libable for $500K worth of debt from the past. This debt stemmed from convertible debentures held by Cornell/Highgate. August 15, 2007, we learned that at least two thirds of the Highgate debentures have been satisfied to date.

2/3 x $1,230,000 (Highgate debt) = $820,000
$1,520,000 - $820,000 = $700,000
$700,000 + $500,000 (prior debt) = $1,200,000

O/S on August 15, 2007 was around 450 million shares.
Total debt on August 15, 2007 is estimated to be $1.2 million

After 2 months of dilution, how much debt is left?

peewee

11/10/07 2:56 PM

#91608 RE: erdos47 #91587

WHEEE HAAAA !!! :)))

bornlong

11/10/07 3:39 PM

#91618 RE: erdos47 #91587

I hope Tom steers clear of CleanTech. I'm in the alternative energy industry and VERY few of these companies are making money despite 5 to 10 years of investment.

The two investments have no synergy. The business models and investor groups are quite diverse. He's better off keeping SWVC a pureplay with Wisebuys and Hacketts - profits, cash flow and real shareholder value.

If people wanted to diversify into alternative energy they could do that without SWVC and cleantech.