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Author Topic: SWVC
HolyPennyMan
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hold on its going to ta moon

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A Few Facts Are Better Than None At All

Posts: 122 | From: East Tn | Registered: Apr 2007  |  IP: Logged | Report this post to a Moderator
Igor R
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Care to post why? These posts are so useless if you have no supporting facts.
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HolyPennyMan
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Watch this stock it has went up over the past week slow but surely

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A Few Facts Are Better Than None At All

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PCola77
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LOL. Great response. [Roll Eyes]
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Igor R
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quote:
Originally posted by PCola77:
LOL. Great response. [Roll Eyes]

Especially considering his sig quote LOL.
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BillZBub
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Up almost 20% so far today. It's been pretty consistent this week.
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BillZBub
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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.

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a surfer
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50% .0189
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HolyPennyMan
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at .02 today so far

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A Few Facts Are Better Than None At All

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BillZBub
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Anyone paying attention to SWVC today?
Up 35% and still going.

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Spectacles
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I'm paying close attention to it AND my cash balance!,,, [Wink] [Cool]
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a surfer
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WOW..
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HolyPennyMan
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if things go the way they are this should it .05 by friday

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A Few Facts Are Better Than None At All

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HolyPennyMan
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over 3cents today

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A Few Facts Are Better Than None At All

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a surfer
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.034 up 30%
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live2trade
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Igor I hope you and PCola stocked up but I doubt it - great call HPM!!!!

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Don't fall in love with any stock!

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SherriT
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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

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Study before you buy, Sell before you think about it....

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Igor R
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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 [Frown] .
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Stock, Ham, and Mayo Sandwich
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**** yaaaaaaaa, this stock ****ing rules!!!!!!!!

buy it now! going to .25 soon!

do your damm dd! later dudes!

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Igor R
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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.
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Stock, Ham, and Mayo Sandwich
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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

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Igor R
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I think it definitely has promise, but how many companies have promised audited financials and then never delivered?
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Stock, Ham, and Mayo Sandwich
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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!
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Igor R
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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).
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a surfer
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WOW again...

up another 33%!!!!! will it hit a nickel...

getting close..

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HolyPennyMan
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over on ihub everyone says this will go up over a dime

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A Few Facts Are Better Than None At All

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a surfer
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HPM this could drop back to a penny too...

I am going to ride freebies here shortly.

Watch your investment.

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a surfer
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More heavy trading....

up over 10%!!!

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a surfer
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24% and ridiculous trading coming in...

.058

this thing has legs...8k coming??

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a surfer
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.076 up over 63%

And I thought I was late getting in at .019...

120 Million volume...

incredible!

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HolyPennyMan
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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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A Few Facts Are Better Than None At All

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HolyPennyMan
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it hasn;t hit the news wires yet

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A Few Facts Are Better Than None At All

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HolyPennyMan
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well it tanked

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A Few Facts Are Better Than None At All

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