posted
Care to post why? These posts are so useless if you have no supporting facts.
HolyPennyMan
posted
Watch this stock it has went up over the past week slow but surely
PCola77
posted
LOL. Great response.
Igor R
posted
quote:Originally posted by PCola77: LOL. Great response.
Especially considering his sig quote LOL.
BillZBub
posted
Up almost 20% so far today. It's been pretty consistent this week.
BillZBub
posted
quote:Originally posted by Igor R: Care to post why? These posts are so useless if you have no supporting facts.
I am guessing that the run up is because of this PR. The chart is what first got my attention.
Seaway Valley Capital Corporation Releases Shareholder Letter
NEW YORK, Aug 15, 2007 (BUSINESS WIRE) -- Seaway Valley Capital Corporation (OTC Bulletin Board: GSCR) chairman and chief executive officer, Thomas Scozzafava, issued the following letter to its shareholders today:
Dear Shareholders:
I would like to reiterate the basic terms of the transaction Seaway Capital, Inc. structured with GreenShift Corporation when it acquired GreenShift's majority stake in Seaway Valley Capital Corporation. With the exception of certain convertible debentures, all of the operating assets and liabilities of the Company reported as of June 30, 2007 were acquired by and transferred to GS CleanTech Corporation, an affiliate of GreenShift. The convertible debentures that remained at the company totaled approximately $1.52 million, including those of Highgate in the amount of $1.23 million. Seaway's records indicate that at least two thirds of the Highgate debentures have been satisfied to date. To mitigate the total impact of the additional common shares issued as a result of these convertible debenture conversions, Seaway Capital, Inc. reduced the number of common shares outstanding by over 322 million shares.
On the business end and as previously reported, the Company has executed a number of share purchase agreements with shareholders of WiseBuys that represent an aggregate of 60% of the ownership and voting interest of WiseBuys Stores, Inc. In addition, we have finalized the terms to acquire an additional 15%, bringing the total ownership to 75% when executed. Seaway shall make additional offers to acquire up to 100% of WiseBuys' shares over the following weeks, although we cannot predict the response of these shareholders. Seaway's goal is to acquire approximately 80-85% of WiseBuys.
These agreements shall become effective upon completion of audited financials of WiseBuys Stores, Inc. As WiseBuys' CFO, I can report that we have engaged Dannible & McKee, LLP, and these audits commenced in July 2007. I have been given a rough timetable of late August for the completion of WiseBuys' audits.
WiseBuys Stores, Inc. also recently announced the execution of agreements to acquire 100% of the stock of Hacketts, one of the nation's oldest retailers. The acquisition agreement is subject to securing acquisition financing, which WiseBuys has received Term Sheets for and for which we hope to execute definitive agreements. Hacketts owns and operates five retail stores that are somewhat similar to WiseBuys. As stated previously, if the transaction is consummated, WiseBuys stores will be converted to "Hacketts" stores and run similarly to Hacketts.
I am pleased to be able to update you on these significant events that have transpired since Seaway Capital, Inc. acquired the Company on July 1st. I shall continue to update you with further developments.
a surfer
posted
50% .0189
HolyPennyMan
posted
at .02 today so far
BillZBub
posted
Anyone paying attention to SWVC today? Up 35% and still going.
Spectacles
posted
I'm paying close attention to it AND my cash balance!,,,
a surfer
posted
WOW..
HolyPennyMan
posted
if things go the way they are this should it .05 by friday
HolyPennyMan
posted
over 3cents today
a surfer
posted
.034 up 30%
live2trade
posted
Igor I hope you and PCola stocked up but I doubt it - great call HPM!!!!
SherriT
posted
You know, I would have posted this a lot sooner, but I have been busy with work and not checking the boards....I figured this one surely had everyone's attention.
Fins expected imminently, 480 mil float, dilution all but gone (just not PRd exactly), and nice acquisitions in process.
This is a great investment kind of stock...OTCBB
Igor R
posted
480 mill float or 48? I got burned bad by this one originally back when it was GSCR, cause I played it all wrong. But been watching it the last couple of days, however didnt have any available funds .
stocktrader2006
posted
**** yaaaaaaaa, this stock ****ing rules!!!!!!!!
buy it now! going to .25 soon!
do your damm dd! later dudes!
Igor R
posted
quote:Originally posted by stocktrader2006: **** yaaaaaaaa, this stock ****ing rules!!!!!!!!
buy it now! going to .25 soon!
do your damm dd! later dudes!
Yea sure it will, LOL. They said on the last run up it was going to dollars, but it didnt. I think this one has life left in it for sure, but nothing crazy like all the pumpers love to say.
stocktrader2006
posted
quote:Originally posted by Igor R:
quote:Originally posted by stocktrader2006: **** yaaaaaaaa, this stock ****ing rules!!!!!!!!
buy it now! going to .25 soon!
do your damm dd! later dudes!
Yea sure it will, LOL. They said on the last run up it was going to dollars, but it didnt. I think this one has life left in it for sure, but nothing crazy like all the pumpers love to say.
DO YOUR DD DUDE!!! .25 MINIMUM SOON
NO PUMPERS NEEDED!!!!!!!
LOL
Igor R
posted
I think it definitely has promise, but how many companies have promised audited financials and then never delivered?
stocktrader2006
posted
this one aint your daddy's pinksheet stock, it's an .ob stock with a transparent ceo and company who keep their investors in the loop. Look at their acquistions - aint no joke....just watch!
Igor R
posted
How many times have people said that before. Its no different in this case. Don't believe it until it actually happens, and even then don't believe it (as in CSHDs case).
a surfer
posted
WOW again...
up another 33%!!!!! will it hit a nickel...
getting close..
HolyPennyMan
posted
over on ihub everyone says this will go up over a dime
a surfer
posted
HPM this could drop back to a penny too...
I am going to ride freebies here shortly.
Watch your investment.
a surfer
posted
More heavy trading....
up over 10%!!!
a surfer
posted
24% and ridiculous trading coming in...
.058
this thing has legs...8k coming??
a surfer
posted
.076 up over 63%
And I thought I was late getting in at .019...
120 Million volume...
incredible!
HolyPennyMan
posted
SEAWAY VALLEY CAPITAL CORPORATION RELEASES ACQUISITION UPDATE NEW YORK, NY, September 11, 2007 – Seaway Valley Capital Corporation (OTC Bulletin Board: SWVC) chairman and chief executive officer, Thomas Scozzafava, issued the following update to its shareholders today: Dear Shareholders: I am pleased to announce that the financial sections of the audits of WiseBuys Stores, Inc. (“WiseBuys”), which are crucial to the Company’s first transaction, were completed on schedule by the auditors. On August 30th, Dannible & McKee prepared drafts of 2006 and 2007 audited financials for my review and approval, which took place right after the Labor Day weekend. The auditors, however, are waiting for Seaway Valley to finalize the terms of its agreements with the shareholders of WiseBuys Stores, Inc. to complete the “Subsequent Events” section of the audited financials, which must be released with the financial statements for the audits to be technically considered “completed.” As previously communicated, Seaway Valley Capital Corporation had executed stock purchase agreements between shareholders representing approximately 75% of WiseBuys Stores, Inc. However, upon further review of the legal structure of these deals, both management and the WiseBuys sellers are exploring a slight modification that would make these agreements more tax efficient to both the sellers and potentially to the Company. Under the new proposed structure, the WiseBuys transaction will be considered a stock “merger” rather than a purchase, and the Company would seek to merge 100% of WiseBuys into Seaway rather than the 75% previously announced. The completion of the structural changes and the agreements with WiseBuys shareholders will allow the auditors to complete the audit officially, and the acquisition shall trigger an 8K information statement that contains these financials and other information regarding Seaway Valley Capital Corporation and WiseBuys Stores, Inc. I am pleased to be able to update you on these events, and I shall continue to update you with further developments. About Seaway Valley Capital Corporation Seaway Valley Capital Corporation was formed in 2002 and makes equity, equity-related, and debt investments in companies that require expansion capital and in companies pursuing acquisition strategies. Seaway Valley Capital Corporation also seeks investments in leveraged buyouts and restructurings. Seaway Valley Capital Corporation will consider investment opportunities in a number of different industries, including retail, restaurants, media, business services, and manufacturing, and the Company will also consider select technology investments. Safe Harbor Statement This press release contains statements that may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of the Company, and members of their management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-statements include fluctuation of operating results, the ability to compete successfully and the ability to complete before-mentioned transactions. The company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results. For more information, please contact: Seaway Capital Corporation Email: contact*seawaycapital.com Web: www.seawaycapital.com Investor Relations: Andrew Hellman CEOcast, Inc. Phone: 212-732-4300
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