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texasholdem

07/08/08 6:28 PM

#187365 RE: Faucet #187362

Hows he going to buy them? (More assets?)
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AMERICAN_PSYCHO

07/08/08 7:07 PM

#187373 RE: Faucet #187362

Faucet.....You have the right idea man. Preferred shares are basically worthless right now. However, the preferred shareholders are privy to information we are not. We know Tom and family have received no significant proceeds from Seaway Valley. Tom's salary in 2007 was only that of $10k. The Scozzafavas are in it to win it, but they're also in it for the long-term. And of course Seaway Valley is only a little over a year old. The market cap is literally a joke right now. From what I understand, the Scozzafava family is fairly well-off....Meaning they don't "need" the money. This is about building a legit diversifed holding company from ground up - by the book. The ultimate goal is for SWVC to list and trade on the AMEX.....I'm buying what I can when I can.