{"id":755,"date":"2013-01-29T08:30:00","date_gmt":"2013-01-29T08:30:00","guid":{"rendered":"\/?p=755"},"modified":"2013-03-25T20:14:31","modified_gmt":"2013-03-25T20:14:31","slug":"swingplane-ventures-otcswvi-surges-valuation-may-be-off","status":"publish","type":"post","link":"\/articles\/swingplane-ventures-otcswvi-surges-valuation-may-be-off\/","title":{"rendered":"Swingplane Ventures (OTC:SWVI) Surges, Valuation May Be Off"},"content":{"rendered":"

\"0SWVI_chart.png\"The fourth day of the pump job on Swingplane Ventures (OTC:SWVI<\/a>) finished with a 20.26% gain. As with a lot of other pumps, though, traders may be putting the cart before the horse. <\/p>\n

SWVI<\/a> closed at $0.321 per share. This puts the current market cap of the company at about $43.3 million. It should be noted that the number of outstanding shares (OS) at OTCMarkets is wrong. It says 4.725 billion which seems to be taken out of SWVI<\/a>‘s 10-Q.<\/p>\n

\"error.png\"After doing the math the right number was 472.5 million, and that was before the cancellation of 337.5 million shares, which has already happened according to the Jan. 23 8-K\/A<\/strong>. That gives us 135 million shares OS, with 12.5 million held by Michel Voyer and the rest held by unknown investors who bought in at some point in 2011.<\/p>\n

\"10FARE.png\" <\/p>\n

The same 8-K\/A shows that after the acquisition is completed there will be another 100 million common shares, and another 5 million preferred shares all held by the shareholders of Mid Americas Corp. For more details look at my first article<\/strong> on SWVI<\/a>, or at the 8-K\/A.<\/p>\n

\"4SVEN.png\" <\/p>\n

Back to the cart and the horse, traders are currently buying shares of a company which may or may not have anything worth their money. Until the acquisition is completed and a Super 8-K is filed there’s no way to know for sure what SWVI<\/a> is worth. Even then, there is no guarantee the company will ever reach profitability or produce any copper for that matter.<\/p>\n

Still, those who are aware SWVI<\/a> is an Awesome Penny Stocks (APS) pump job, and treat it as such, got the chance to make a quick buck. Unfortunately it’s still not certain which way SWVI<\/a> will go. World Moto, Inc. (OTC:FARE<\/a>) gave some opportunities for a profit, but with Superior Venture Corp (OTC:SVEN<\/a>) things went all wrong.<\/p>\n

\"\" <\/p>\n","protected":false},"excerpt":{"rendered":"

The fourth day of the pump job on Swingplane Ventures (OTC:SWVI) finished with a 20.26% gain. As with a lot of other pumps, though, traders may be putting the cart before the horse. SWVI...<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[117,181,32],"class_list":["post-755","post","type-post","status-publish","format-standard","hentry","category-news","tag-fare","tag-sven","tag-swvi"],"_links":{"self":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/755","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/comments?post=755"}],"version-history":[{"count":0,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/755\/revisions"}],"wp:attachment":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/media?parent=755"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/categories?post=755"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/tags?post=755"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}