As I see it, with trading halted the only option you've lost is purchasing more. Otherwise, you and the rest of us were holding for news and now we will have time to digest the news before the stock resumes trading.
Interesting to me was the timing of the SEC's action. It was just in time to take the wind out of S&W's sails as I really think that Raoul and company were going to announce next week, and quite possibly Monday. This is why Raoul was able to commit to a Monday morning release, the deal is done except for maybe a signature or two. The news is ready to flow and answering the SEC should be no big deal. By the way, I don't know this for sure, but I'm pretty confident that all that was left was to sign the contract. Too bad for Raoul and the rest of the team, very few involved will ever believe the announcement would have come without the SEC's encouragement.
If Monday's news is positive, as I think it will be, i.e., a signed, sealed and delivered deal, did the SEC know something to act at this time? Why would they step in and steal Raoul's glory? Think about it... I think it's possible that is what they did. If Monday's news is more of the same "almost done, in the final stages" shtuff we've heard for so long, then I'm the fool and my hat's off to the SEC for getting us the information that we have been asking for for so long.
Okay, the deal. The deal is either funded by a specific Las Vegas gaming company and Struthers is allowed to pursue its business plan as conceived or, the same gaming company buys Struthers, license rights and all. Neither scenario includes Winco; Winco will be, if not already, removed from the picture, their interest complete. If Struthers is acquired, our stock is converted into the gaming company's, hopefully at a conversion price substantially greater than $0.15 a share. If this scenario plays out, there's the reason the stock is trading at these low levels. Manipulation, the cheaper our stock the less dilutive to the acquiring company. Now our fortunes rest on a much broader base than a pure IVDS play. We may never recover our investment if a conversion isn't favorable. If the SEC determines manipulation for this purpose drove the price down then I don't know if this scenario, or even the first for that matter, materializes. We could all be simply out of luck (or SOL).
The gaming company I suggest is a company whose business plan states that "The Company intends to launch ... and a new video product platform." I think the new video product platform is IVDS. Their business plan also says that "Management intends to pursue strategic business acquisitions and alliances, particularly in connection with its new product and service development efforts."
Please understand that what I have written is conjecture. These are my thoughts and I have no factual information to support these thoughts. BTW, the gaming company and mention of their business plan can be found in the SEC's EDGAR archives via the net.
Good day! |
