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JimsZ

06/12/08 9:34 AM

#181173 RE: AMERICAN_PSYCHO #181138

Easy for IR to answer that question, isn't it?

Do they know for sure there was a "loan repaid"? NO
Do we all know there ever was a loan? NO
Do we know there aren't "more loans" that need repaid to Tom? NO
Do we know the rest of his family don't have "loans" to SWVC? NO
Do we know Do we know TS isn't working for Swartz in some fashion in ULFS (Ultimate Franchise Systems) as a board member making a fat paycheck, etc ? NO
Do we know IR also said Tom S got a great deal on this shell? YES
Were they very very wrong? YES
Do we know on Top of Tom's "Salary & or loan repayments" that he is also getting 20 million commons per year? YES
Do these 20 million commons give his "preferreds" another 80 million shares? YES
Is this "fair" to give as part of his "salary" when he is already converting at 80% of fully diluted O/S? NO
If he were of real "Public Company" CEO status, do you think he would only buy "LOSING COMPANIES"? NO
Do you think it was "in his best fudiciary judgement" to buy out "Wisebuys" for $6 million knowing it was a failing business model? NO
Do you think the "Hacketts purchase" was because he needed a bone to throw to shareholders, that it has also been losing money? YES

I can listen to people all day long saying "It's a 175 year old business" - YES, but there hasn't been a WalMart in almost every town for 175 years either. How has Hacketts been doing for the past 10 years? Could they be profitable again?