Second Wave Petroleum Inc SCSZF

www.vivosystems.com

[idleSpeculator]

Still not back up, can only assume any plans to rescue Vivo have been abandoned. I spoke to Head of Vivosytems, Rich, a couple of months back when attempts were being made to rescue the business. He had issued Frank/SCS with writs back in January. You will have noticed the NR's the compnay put out about this (Not). When SCS bought Vivo, thyey agreed to pay $250K plus percentage of Sales to Rich. Frank made a personal garuntee that Rich would be paid. This gauruntee listed assets such as property that Frank owned. Apparently Frank failed to mention however that they had mortgages on them and the gauruntee was worth very little. First installment of the $250K was $150K due end of last month. It is safe to assume SCS did not pay this and Rich will be suing Frank and SCS for these funds too. As shareholders yuu will be kept up to date of these proceedings by the compnanies (lack of) ongoing NR's. With the software business abandoned, tech7 lost with no investment to develop new product it needs, no leadership or vision from Vancouver it seems Frank and Pat are hatching a plan to get some value from their shareholding by re-inventing SCS as a mining stock, becuase PP's are much easier for mining stocks than tech stocks at the moment, then they hope to pump the price, dunp their shares and walk away. The fact half of the people in Vancouver seem to know this is the reason any attempt to replace management and rescue the compnay has failed. Some shareholders have bought into this plan as the best way of getting value from their shares, this as ever is Frank at his best. You would think some people would learn, at times shareholders have been their own worst enemies allowing Frank to sell them another crazy get rich quick scheme. I hope they realise that any attempts by Frank or SCS renamed or not, to launch some miraculous new business to make millions will be clearly exposed as a pump and dump operation that it is on this board. Frank has demonstarated he is incapable of running a business and is falling back on the only thing he knows to make money, making up get rich quick plans and treating PP's as the major elemnet of the sales ledger. Nothing he is involved with in the futuire will have any credability as a legitimate business, and there are enough of us who got out of SCS who have nothing to lose by exposing any future plays for what they are. Is anyone going to the AGM this year? I would be interetsed to hear about what they say and how big the roll back is and what their 'plans' are. With Jet out of this stock I suspect he will not be doing bulletins this year. Idle