There are now 800 Billion Conversions ,,,
already waiting on line. NOT 200 Billion, that there
were, when the pre-reversed price was $0.0004
It WOULD HAVE BEEN 200 Billion; but, ONLY IF THE POST-REVERSE
PRICE OF swyv HELD AT $0.0020 WHILE THEY ALL CONVERTED ;
which , of course, WAS ALWAYS OBVIOUSLY TOTALLY IMPOSSIBLE.
Anyway, in just the last 8 trading days, the Price of swyv
has Sunk DOWN , by a Factor of 4 [= down 75%] ; so,
the 200 Billion Floorless Conversions had to Multiply UP ,
also by the same Factor of 4 ; All the way Up to 800 Billion.
That's the beauty [to the 'lenders'] of their Floorless Toxic
Convertibles , and the not-very-well-hidden secret behind the
tightly coiled spring that powers their Death Spiral grip on
swyv.
So, NOW we have 800 Billion , TODAY ; BUT, ONLY IF swyv
NEVER DROPS BELOW $0.0005 ; WHICH IS ALSO OBVIOUSLY TOTALLY
IMPOSSIBLE. Because; when 800 Billion tries to dilute into
the current 0.5 Billion , THE PRICE MUST DROP BY ANOTHER
FACTOR OF 1600 [= Down 99.9375%] ; which MAKES THE FLOORLESS
800 BILLION MULTIPLY BY ANOTHER FACTOR OF 1600 ; ALL THE WAY
UP TO 1280 TRILLION. [Which is a.k.a. 1.28 QUADRILLION.]
Of course, there will never actually be 1.3 Quadrillion common
'shares' floating , because they will be hidden by reversi's.
Just two 1-for-1000 reversi's would shrink it to 'only'
1.3 Billion , for newby public consumption. But, it's still
effectively 1.3 Quadrillion Brand New Dilution , for ALL
current swyv common 'share'holders. [What a great story for
some Reporter at the Wall Street Journal. Especially now,
since everyone just learned how big $700 Billion really is.]
extra, Sincerely.
P.S. ; The strangest part of this swyv 'story' is NOT the
1.3 Quadrillion Dilution. Many pinks have done Much More.
[The best currently trading example is wift, which has
had 5 Huge reversi's in just the last 7 years; for a Grand
Multiplied Total of 1-for-100 Billion, and they STILL HAVE
30 Billion MORE Authorized common 'shares'. And, they did
it all , just by 'selling' Floorless Convertibles , just
like the swvc/swyv++ plan-man.]
But, The Massive + Guaranteed swyv [plus reversi's] Dilution
is ONLY A PROBLEM FOR CURRENT swyv common 'share'holders.
And, they Will Always Be Locked Out Of Selling For At Least
a week after each reversi , BECAUSE THE TRADING SYMBOL MUST
ALWAYS CHANGE WITH ANY REVERSE-SPLIT. [Which is Not Required
for any Forward-Split, and/or 'stock dividend' ; for obvious
reasons , to those who think about the 'mechanics'.]
The ONLY, [AND , BY FAR, MOST IMPORTANT] 'problem' for swyv ,
is to try to delay BK ; by , somehow , digging up $800,000+
in Brand New Cash , to partially pay Wells-Fargo , in less
than 30 days , FROM NOW. All while every swyv 'business' has
ALWAYS LOST MONEY. And, the bogus bio-hazard 'gift' is tied
up in court, for years, or decades. [swyv will be BK , way
before that case is ever 'settled'. Not that it's worth
anything. But, even if it is, guess who plans to win ;
with or without any overpaid + overlooking lawyers ;
with no swyv common 'share'holders available for sharing,
after being 90+% sheared , several times , and continuing,
while still holding + averaging down , and believing that
BK is not 'in the cards'.]
We still believe that swyv is the best short pinky ,
since Pinky Lee . There is only 1 slight risk. Which is :
if the longs, who already contributed $40 Million , decide
to ante-up another $12 Million , [just another 30%] , to
pay back All of the waiting Converters , and call the
plan-man's bluff , in this poker game , that we call
Seaway Valley Hold-Em-off.
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