| To: tahoeman who wrote (664) | 1/10/1998 9:57:00 PM | | From: R. Michael Boyter | | | |
Any Ideas on what we can expect.
With trading halted, it would seem as an average investor, that our
options are very limited, I just wonder where we can go from here.
Trading bieng suspended for two weeks doesn't seem as radical as De-
listing? Any thoughts on this. Any guesses as to what we can
expect on monday from Bloomberg? What the heck is Bloomberg anyway?
Oh well, the board was empty, I guess most have migrated to Yahoos board.
Any feedback or Ideas would be welcomed. Mik |
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| To: R. Michael Boyter who wrote (665) | 1/11/1998 1:02:00 AM | | From: gpphantom | | | |
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! |
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| To: gpphantom who wrote (666) | 1/11/1998 11:12:00 PM | | From: gpphantom | | | |
Regarding the first scenario where Struthers is allowed to pursue its business plan as conceived, the funding partner would buy out Winco's interest which gives it control with 52.6% ownership of Struthers. Since it has control there really isn't a need to purchase the float (our shares)at this time, i.e., work the leverage and see how things progress before buying the farm. Struthers becomes a subsidiary of the funding partner and we are the minority shareholders. As I see it, this scenario offers us the best chance to realize our investment's potential. This could result in rapid price appreciation once the stock resumes trading.
The piece I'm not sure of is in the original deal with Winco. Once the amendment to Struther's certificate of incorporation was effected, the authorized shares of common were to increase and Winco was to be issued an additional 53,333,613 post-reverse split shares. This was to give Winco ownership of over 90% of Struthers and subject us to considerable dilution. If this issuance were not to take place then we could do rather well. |
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| To: R. Michael Boyter who wrote (669) | 1/12/1998 1:57:00 AM | | From: gpphantom | | | |
Michael,
I agree, that's why I say that if that piece doesn't happen we could be looking good. The funding partner should get the 5.525MM post split (PS) shares that Struthers issued O'Keefe. The other Officers and Directors of Wincom got approx 147K PS shares and that leaves us with a little over 4.8MM PS shares in float. That's not alot. |
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| To: gpphantom who wrote (666) | 1/12/1998 12:12:00 PM | | From: gpphantom | | | |
Dissapointedly I have to say I was wrong. It doesn't bother me to admit I was wrong but I really did think Raoul was going to come through for us as I had outlined, I just gave Raoul too much credit.
Raoul, you've used my conjecture and other rumors about as reason for instability in the stock and have implied that negotiations have been negatively impacted as a result in your reply. Let me point out that my post was written after trading had been halted and that I did not name the funding partner. You have no one to blame but yourself for the rumors that persist. Accept that, take responsibility for the lack of available factual information. Even today we were looking for content in your news release and you've given us nothing, and have even backhandidly managed to hold us at fault.
Today's response was a dissapointment to me and I'm sure to the rest of the shareholders who were hoping for some factual information about their investment. Having never met or spoken with you since you haven't returned my calls, I don't know what to make of you, but I wish you luck over the next two weeks. As for the rumors, this is the last time I will be posting SIIS/Wincom subject material on SI.
Good-bye |
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| To: gpphantom who wrote (671) | 1/12/1998 6:31:00 PM | | From: R. Michael Boyter | | | |
Don't be too hard on yourself Phil,
Hey, this whole thing is messier than the NFC Championship game was
yesterday. For whatever reason, Raoul has strung this thing out beyond
anyone's comprehension. We now have the 23rd of January to maybe get some-
thing accomplished, while I am dissappointed, and I'm sure that I am
not the only one, but it's out of our control, If it doesn't happen,
the people who are beyond any doubt responsible, Raoul, and The Okeef's
will have to answer for their part in it. At that point I am sure it
will be a very entertaining Shareholders meeting. Just hang in there
2 more weeks, you don't have a choice anyway. If it happens, maybe
some of the good things we have been hoping for will materialize, if
not, while, we are allready there, so hopefully, things will improve.
Anyway it's not todays worry, so don't worry about it now. Hold on
a little bit longer, and get our and walk your dog, or do something you
enjoy, it will make you feel better.
Many people enjoyed your optomistic posts, please don't die on us yet,
after all, we are still kicking, and the Darkest Hour is Just Before
The Dawn! Michael |
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| To: gpphantom who wrote (673) | 1/13/1998 10:35:00 AM | | From: Terry D. Voss | | | |
Phil, I second Michael's words. You have no hand in the tragedy of this company and stock. As are many of us, you are an unwitting victim of the situation. Whether there are culpable folks in the company--well, only time will tell for sure. Hang in there with us.
At this point, we are all we have.
Terry |
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