SevenWay Capital Corporation SWY : TSE Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : SevenWay Capital Corporation SWY : TSE

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: pax who wrote ()	6/23/1999 11:30:00 AM
From: Lynd Forguson	Read Replies (1) of 3

I checked out your link on SWY, and also read the Carlson entries for the company, and I agree that SWY is considerably undervalued. By my calculations, the break-up value of the company per share is about double what the shares are currently trading for. It looks as though Glacier Ventures International (GVC on the VSE) is about to make a strong takeover bid, and have forced the SWY directors to call a special board meeting in early August. By its own admission (see Sedar, Carlson listings for GVC), GVC either owns or has voting rights over nearly half od SWY stock, including a huge block of shares owned by James A. Patillo, who was CEO of SWY until March of this year, when he resigned as CEO and left the company. Trading will be suspended on SWY stock on July 2nd, until after the special board meeting. What would you do if you were a SWY shareholder who bought back when the shares were trading higher than the $.76 - $.80/share the company is probably worth? What would you do if you had a chance to buy shares in the current trading range? These are rhetorical questions.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next