Tom has taken the steps to secure financing for SWVC's next acquisition... maybe SWVC's next 2 acquisitions...
$1.5M from GGI
$550,000 from YA
$500,000 from Paul Graham
$2.7M from his brother and sister
$??? from Seaway Valley Fund, LLC.
That's over 5M...What might the future bring?
From the 8-K today... "The funds will be used for various business activities, including effectuating an acquisition of 100% of the stock of an undisclosed company that Seaway recently executed letter of intent ("LOI") to acquire. In addition, a certain portion of the funds may be used to assist its recently acquired wholly owned subsidiary, Hacketts, in the transition of WiseBuys stores into Hacketts stores."