Kaloyan Gadzhev

Swingplane Ventures, Inc. (OTC:SWVI) Feeds the Hype

by Kaloyan Gadzhev February 13, 2013

There is an important part of the press release which is written in bold near the bottom. It states that SWVI hasn't undertaken any preliminary feasibility study or economic assessment with respect to the Algarrobo property, and the company doesn't intend to undertake such a study before making a production decision.

I have mentioned it before, but it bears repeating, for the sake of new readers; SWVI hasn't yet completed the acquisition of Mid Americas Corp, and technically it shouldn't be holding the option for a 75% interest in the property. After missing the first expected closure date, SWVI postponed it to before or on Feb. 15.

At that point SWVI should file a Super 8-K with the financial information about Mid Americas Corp, and then the public may get a more accurate idea what the company may have. Until that time the fluff press releases are only aiding the ongoing pump campaign. Readers are free to determine the ethics of such an attitude.

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