Notes On Podcast:
1. Encourages Shareholders to hold…be prudent with investments
2. Discusses Chill-Imposed 2012 from DTCC. Clark sent all info requested by DTCC..He talked to them himself. (engaged CEO!) Chill release pending ANYDAY… Could be NEXT WEEK...
3. Several trade houses taking trades: Scottrade, eTrade and a few others.
4. Stated the company has not done many share transactions.
5. Debt…+/-$6.5m. 3 judgements. 2 are of the same money. would be settled by one transaction.
6. Working towards a 'Unique" opportunity to sell debt without a heavy Convertible.
7. Group taking out 50% of debt…(Signed Termsheet)
8. Timeline to remove debt could be by the end of 2014. Interesting
9. Answered why he didn't bk company at the beginning…Answer was to respect present cert shareholders. (IMO He didn't want to hurt shareholders)
10. CEO believes in the ability of the NEW direction of the business plan.
11. Was placed into the company by the shareholders and is working to do right with the Shareholders.
12. Oil/Gas growth? Discusses his history in Oil space. Believes the deal is entry into the space for the company. Says, "Oil is extremely lucrative".
13. Acquiring 20%-45% of production. (refers to previous podcast when Mr. Ross states "There is no ceiling on production at present location"
14. Reworking producing wells one-at-a-time.
15. Continuing to talk to groups who are producing more wells.
16. first 16 well deal could be done by the end of the year so SWRF will realize the cash.
17. First well producing 20%=$16k monthly, second well could produce 20%=$60k monthly.
18. How do you vet out the wells: Seller must provide proof of production, satisfied on team history and discuss with professional consultants (consultants do not charge the company but are friendly relationships)
19. Carbon Credits: how soon would produce money? Answer: Listing credits are presently being placed with broker dealers.
20. Wants to sell soon but not to the first buyers. Interested in the $11 per credit. Credits are sold from $3-$11 per credit which could generate $4m-$16m in revenues.
21. Resources to close on carbon credits. More credits are available after this first round.
22. Green Giant Venture Fund is leveraging their Credits with SWRF to raise capital for their fund. Win-Win deal. (sounds like this deal is done…IMO)
23. What are your requirments to invest in new businesses? Answer: Minimum investment for a huge return. Under $500k investment or purchase for shares.
24. New OTC Market rules. According to rules SWRF will have 120 days after close of the year. SWRF year end is Dec 31st. 120 days will be end of April 2015. But, he did say there were many questions regarding the new rules.
25. He discussed he is completely interested in continuing within the fully Audited company and not Pink Currant. Believes would add more value as a QB then a PC. More interested in being in Nasdaq then QB or PC. Why pay $10k to be on the QB when Nasdaq is just a little more.
26. Focused on adding value to uplist to nasdaq. Admits it could be along haul. He said he is commited and focused.
27. If OTC does delist SWRF to PC he would still be focused on business at hand.
28. iPoint TV update: Launched everywhere as discussed.
29. Adding content. participated at The Cable show. New networks have a streaming ability to be added to iPoint.
30. stated iPoint is a senior company vs a start up. Has been on Roku for 3+ years. Announcer stated Roku is in over 7million homes.
31. Many iPoint Application downloads.
32. Important that shareholders know that even though SWRF is investing in Oil and Carbon Credits the company is still invested in Technology.
33. Says, 2014-2016 are game changers. He said Facebook took 4 years to break out. Many didn't hear about facebook till after year 7. iPoint still has much more growth potential.
34. States iPoints growth chart grows with the growth of the high speed internet globally.
35. CEO believes all media will be delivered via IP (Internet Protocol) Present cable systems are using IP to deliver their content. iPoint is in the perfect position to grow as the other companies are growing.
36. Discusses the a'la carte system of iPoint. He said, "iPoint is the only full a la carte system".
37. iPoint is limited to where High Speed internet is available.
38. business agenda: iPoint would be used to advertise other business SWRF is invested in. Compares advertisment where M&M advertised together with Gieco both owned by Brookshier Hathaway public. (INTERESTING)
39. iPoint application business: Present contracts could be well above $100k each. This is income to iPoint. iPoint is an all media business.
40. Acquiring a contract which competed with the #1 app developer from NYC. Big news for the company but NO PR. (interesting)…
41. 2014 could be a steller year for SWRF. Declares company base is at it's lowest, new investments, reduction of debt, addressing the chill, etc. WOW
Ended with a big thank you to all investors: past, present and future.
It was a long podcast full of much more info and detail. Recommendation to download and hear it for yourself.
1. Encourages Shareholders to hold…be prudent with investments
2. Discusses Chill-Imposed 2012 from DTCC. Clark sent all info requested by DTCC..He talked to them himself. (engaged CEO!) Chill release pending ANYDAY… Could be NEXT WEEK...
3. Several trade houses taking trades: Scottrade, eTrade and a few others.
4. Stated the company has not done many share transactions.
5. Debt…+/-$6.5m. 3 judgements. 2 are of the same money. would be settled by one transaction.
6. Working towards a 'Unique" opportunity to sell debt without a heavy Convertible.
7. Group taking out 50% of debt…(Signed Termsheet)
8. Timeline to remove debt could be by the end of 2014. Interesting
9. Answered why he didn't bk company at the beginning…Answer was to respect present cert shareholders. (IMO He didn't want to hurt shareholders)
10. CEO believes in the ability of the NEW direction of the business plan.
11. Was placed into the company by the shareholders and is working to do right with the Shareholders.
12. Oil/Gas growth? Discusses his history in Oil space. Believes the deal is entry into the space for the company. Says, "Oil is extremely lucrative".
13. Acquiring 20%-45% of production. (refers to previous podcast when Mr. Ross states "There is no ceiling on production at present location"
14. Reworking producing wells one-at-a-time.
15. Continuing to talk to groups who are producing more wells.
16. first 16 well deal could be done by the end of the year so SWRF will realize the cash.
17. First well producing 20%=$16k monthly, second well could produce 20%=$60k monthly.
18. How do you vet out the wells: Seller must provide proof of production, satisfied on team history and discuss with professional consultants (consultants do not charge the company but are friendly relationships)
19. Carbon Credits: how soon would produce money? Answer: Listing credits are presently being placed with broker dealers.
20. Wants to sell soon but not to the first buyers. Interested in the $11 per credit. Credits are sold from $3-$11 per credit which could generate $4m-$16m in revenues.
21. Resources to close on carbon credits. More credits are available after this first round.
22. Green Giant Venture Fund is leveraging their Credits with SWRF to raise capital for their fund. Win-Win deal. (sounds like this deal is done…IMO)
23. What are your requirments to invest in new businesses? Answer: Minimum investment for a huge return. Under $500k investment or purchase for shares.
24. New OTC Market rules. According to rules SWRF will have 120 days after close of the year. SWRF year end is Dec 31st. 120 days will be end of April 2015. But, he did say there were many questions regarding the new rules.
25. He discussed he is completely interested in continuing within the fully Audited company and not Pink Currant. Believes would add more value as a QB then a PC. More interested in being in Nasdaq then QB or PC. Why pay $10k to be on the QB when Nasdaq is just a little more.
26. Focused on adding value to uplist to nasdaq. Admits it could be along haul. He said he is commited and focused.
27. If OTC does delist SWRF to PC he would still be focused on business at hand.
28. iPoint TV update: Launched everywhere as discussed.
29. Adding content. participated at The Cable show. New networks have a streaming ability to be added to iPoint.
30. stated iPoint is a senior company vs a start up. Has been on Roku for 3+ years. Announcer stated Roku is in over 7million homes.
31. Many iPoint Application downloads.
32. Important that shareholders know that even though SWRF is investing in Oil and Carbon Credits the company is still invested in Technology.
33. Says, 2014-2016 are game changers. He said Facebook took 4 years to break out. Many didn't hear about facebook till after year 7. iPoint still has much more growth potential.
34. States iPoints growth chart grows with the growth of the high speed internet globally.
35. CEO believes all media will be delivered via IP (Internet Protocol) Present cable systems are using IP to deliver their content. iPoint is in the perfect position to grow as the other companies are growing.
36. Discusses the a'la carte system of iPoint. He said, "iPoint is the only full a la carte system".
37. iPoint is limited to where High Speed internet is available.
38. business agenda: iPoint would be used to advertise other business SWRF is invested in. Compares advertisment where M&M advertised together with Gieco both owned by Brookshier Hathaway public. (INTERESTING)
39. iPoint application business: Present contracts could be well above $100k each. This is income to iPoint. iPoint is an all media business.
40. Acquiring a contract which competed with the #1 app developer from NYC. Big news for the company but NO PR. (interesting)…
41. 2014 could be a steller year for SWRF. Declares company base is at it's lowest, new investments, reduction of debt, addressing the chill, etc. WOW
Ended with a big thank you to all investors: past, present and future.
It was a long podcast full of much more info and detail. Recommendation to download and hear it for yourself.
