After driving HCKI into a steep financial situation, Thomas Scozzafava, CEO of Seaway Valley Capital Corporation (SEVA), sold the majority stake the company had in Wisebuys, Inc. The buyer turned out to be Maury Peters, the proud owner of Mariano’s Pizza.
It’s not clear what profit this pizza place brings, but it should be a pretty hefty sum, having in mind these are the numbers in Wisebuys’ latest quarterly report:
- Total current assets – $1,202,966 ($49,984 cash)
- Total current liabilities – $13,359,941
- Total liabilities – $23,221,645
Mr. Scozzafava is not the most well-liked person, and although some people had hoped he was out of the company the otcmarkets site shows he is now an ‘advisor‘ in Wisebuys. This may have something to do with the upcoming dividend HCKI announced yesterday after the close. The dividend will consist of shares of HBWOD and SEVA. Both companies are not reporting to the SEC, have the red stop sign on the otcmarkets page, and list Mr. Scozzafava as their CEO. To add some oil to the fire, someone paid 100 million shares for a promotion of HCKI.
If Mr. Peters finds a way to work through the enormous debt of HCKI and manages to turn his pizza place into a chain, it is still possible the company could actually bring some profit for the shareholders.
Before traders decide how hot HCKI is and whether they want a slice, it would be wise to do some more due diligence, although the idea of having shares of a publicly traded pizza place might hold some appeal of its own for some investors.
