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iblong2

07/18/08 10:31 PM

#858 RE: edfei2000 #857

I still believe that good news is coming. The selling at this level is hard to understand and therefore I don't expect much buying until there is news. I guess I'm a bit more of a risk taker. If we assume that the O/S is 115 MM the market cap is only $115K, this for a company that should be on the OTC:BB real soon and a company pulling down some nice income. If/when they can make a deal with the debt holders, which is in their best interest to do, this will easily fall to $0.0001 and no one will win.

I'm also hearing that they have several projects in the works and I would expect that we will be hearing about them real soon. Right now like the rest of the shareholders I am going on faith alone. I am down ~87% so that is not a very comfortable position to be in. However, if they can make a deal with the debt holders and bring on some new projects, I would not be surprised to see the market in the $5.0 MM to $10 MM range (or more). If we assume that to do that the O/S increases to 200 MM the SP would be $0.025 - $0.05(or more). That would represent a 25 - 50X gain from here. The many investors that bought at higher levels last year and earlier will need to average down to make a profit. Those like myself that are buying at this level, are either throwing good money after bad or making a wise investment.

I don't think SW would be going to all this trouble just to see this go down the toilet. For new investors, I think this is a no brainer. A $1000 - $2000 investment buys you 1 MM shares.

iblong2

07/18/08 10:37 PM

#859 RE: edfei2000 #857

I will try to get a new share count sometime next week. Anyone can call the company (250)833-1985, for the O/S, if you do call, let us know, so we may update the I-box.