yes he had those shares then that report is december 06 new owner would have received those shares when he bought out the company
1.8 billion + 1.8 billion is 3.6 billion os is 3.1 billion so most likely new owner OWNS those 1.8 billion shares now and those are the shares he is retiring old owner GONE!!!!!!!!!!!!!!!
so once new owner retires his 1.8 billion shares that would leave 1.3 billion I dont know how you are getting that new owner and old owner own 1.8 billion shares each
new ceo chooses to retires his shares and get the share price up
SACKETS HARBOR, N.Y. , Jan. 24, 2011 /PRNewswire/ -- Seaway Valley Capital Corporation (Pink Sheets: SEVA) announced that it has sold its majority stake in Wisebuys, Inc. (Pink Sheets: HCKI) for the issuance of a $135,000 note. As part of the transaction Wisebuys transferred into Seaway Valley its equity stakes of retailers WiseBuys Stores, Inc. and HIIO, Inc. , and Thomas W. Scozzafava has stepped down as Chairman and President of Wisebuys, Inc.