Seychelle Environmental Technologies Inc (SYEV)

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Anyone buying below .20? I'm kind of tempted. Obviously Q4 was lousy, their largest customer going away is a big negative, and management def has some credibility issues after the botched guidance (among other things). But they're sitting on .07/share in cash and I can see them getting back to quarterly earnings of .01+/share in a few quarters. They've cut their employees. And they're expanding the sales of a higher margin product. From the earnings PR today:

Finally we anticipate that the new World Advanced Filter Product will also substantially enhance our sales effort due to its profitability as well. To support this new product we will help source the bottle and cap. We plan to add Exclusive Sales Agents and Exclusive Distributors around the world including Sri Lanka, India, South Korea, and the Philippines and to ultimately maximize shareholder value with this product.


We'll get a look at fiscal Q1 results next month. Going to be a weak quarter. Probably the low point of the year. Guess no rush to buy until we see the numbers. Hopefully they can remain around breakeven on the lower sales.