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Desperado90

01/28/08 2:36 AM

#127342 RE: extra #127321

Reality Check.

Most companies write-off majority of their losses and SWVC is no different.

Major example are the banks involved in the subprime mess. I think shorting at this level is suicidal. If you follow current affairs you would know that a french trader lost societe generale bank $7B OUCH.

I will not go into a back and forth with you on accounting procedures dealing with profits and losses. Afterall, GM and Ford have lost billions of dollars almost every quarter but you don't see them going out of business why because the accountants know what to do with the books. (I don't meaning cooking the books like Enron. For example placing R&D expenses as a tax write-off.

I wish you all the best and will tell you to wait for the 10K before you know how much earnings SWVC has and what the future holds.



PS: 2,500,000,000 authorized shares