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I have been gone for awhile and....
Could someone give me a brief explanation as to what happened to SEVU (or at least point me to a thread that explains it)? Not that I'm lazy or anything but there is too much crap on this board to sift through to find relevant information.
What a stinker this turned out to be. : (
Yes, this site is very, very slow!
If the audited books are cooked....
The CPA firm would be negligent and liable so I would imagine those to be on the "up and up".
Someone pinch me I'm having a nightmare.
Is my computer really telling me that SEVU is trading at .74 right now? Did April Fool's Day get moved up this year?
I'm so disgusted by this that all I can do is laugh!
Oh my dear Lord...
I haven't looked at the stock in nearly two weeks. Glad to see it is in worse shape. I'm such a non-believer in this stock now. It's been nearly a year since it tanked and it doesn't seem like there is a fix. :(
Why isn't SEVU hiring a CFO?
I have to say...
The drop to $3 was disappointing but with the Fed announcement, a SEVU announcement and the Open House -- next week could be nice!
I would love to see double digits again!
Double WOW!
That's what I figured. I just wanted to make sure I didn't miss something major.
Does anyone know if the sells are far outweighing the buys today?
What's going on today???
I suggest you get some Anti-Hacker software like Black Ice, Zone Alarm or Norton Personal Firewall.
I too clicked that link but my firewall software keeps everyone out of my system.
That's a hell of a post!
Insiders own 79% of SEVU.
According to the Yahoo link I had on the previous message. That pretty much ends any notion of outvoting Rich.
You can get basic info like that here: http://biz.yahoo.com/p/s/sevu.ob.html
Why would he sell shares? He has about 6.5 million shares from what I remember. You can still hire a CEO and keep all his shares.
Do you want him to sell 3 million shares? Does this make sense to you? If someone asked you to give away $9,000,000, would you? Nope! So don't expect him to throw away millions of dollars to make you happy.
IMO, Rich saw SEVU rise to $28.50 per share and he feels that the company can once again rise to that level under his leadership.
I also feel the Open House will be an important event. If it goes like clockwork and all those in attendance are impressed, I expect good word of mouth to raise the stock price again.
I also hope some bashers go to the event so that they can be impressed as well. It would be great if Feb. 2001 looked like Feb. 2000. Wishful thinking!
That was from Friday.
Is that speculation or fact?
Great, a new village idiot!
bobandbob,
If you have nothing constructive to add to the discussion, I suggest you seek shelter elsewhere.
Once again -- what does this have to do with SEVU?
Anthony, your first report (although made of swiss cheese) brought some relevant issues to light and in the long run will probably help the stock. Everything since then has been absolute garbage and meaningless to the company. I didn't invest in McBride, I invested in SEVU. I could give a rat's ass what he did years ago.
Brettin, you have, without a doubt, had the most informative posts in the last couple weeks.
Thanks!
Or maybe Ken Cook was the intruder -- doing some dirty work for someone else.
Is Anthony into breaking & entering now?
$3 again? Excellent!
I wouldn't say "make or break" but it will cast a long shadow either way.
It's beginning to sound like a kindergarten here.
That is funny that $2.56 puts a smile on our faces.
I think at $5 I'm getting off this roller-coaster.
I actually have been doing that. My average per share price is nearly half what it was a month ago. Down in the $4 range now.
Unfortunately, I can't really tie up anymore $$$$. :(
Quit *****ing!
Do you guys really want this to turn into Raging Bull with all of the immature bickering. I come here and went (past tense) to RB so that I can absorb as much info as possible about this stock -- good or bad, as long as it's constructive.
You guys don't like Francois or Buldop and vice versa, I could care less. Get instant messenger and call each other names in private. Let's keep this forum on-topic.
Today's low was 1 5/8 not 0.
A@P can post his reports everyday...
If it makes the stock go up 11%. Like I said "non-factor!"
I agree with that statement 100%. Pick your cliche: "He went to the well one too many times" or "He cried wolf one too many times."
It's a non-factor now.
It's like a damn soap opera. I do think that A@P was very relevant with the first report but everything since then has been very petty and basically pointless and unsubstantiated.
A@P doesn't matter anymore. I'm not worrying about his potshots anymore.
It seems A@P's findings or whatever seemed to have a minimal effect today. Either the investors saw through Part II because of its attack on McBride as opposed to SEVU or because they/we are oblivious to the matter now and the price already reflects the concerns.
The first report was an obvious kick in the groin but it seems that the latest "bad" news (AMEX & A@P Part II) hasn't really done much.
I guess I can take that buy order for $1/share off now.
Easy does it so far!
Rich has responded already...
View from the Bridge 01.04.00
I'm quite surprised that this information is only coming to light now, since it is a well-known story. My personal attorney has advised me to make a precise, short statement, as this matter was settled with no finding of guilt, and should have been a civil case at worst.
I was involved with a small business which was sold. Pending media contracts were in question. While I was out of town, I received a phone message from a new detective in a small-town police department, who informed me there was a problem. I made an appointment with him, to discuss the matter and look into solving it. The complaining party had contacted other governmental authorities, all of whom advised it was a matter for civil remedy. Even the presiding judge in the case questioned why the matter ended up in his court.
Due to misinformation in a police report, the detective felt I might be leaving the country (I had talked with some friends about a fishing trip in Mexico). When I arrived back in town for my appointment with him, he had used this information to obtain a warrant for my arrest on a 3rd-degree state (not Federal) felony charge. The officer had been convinced I was going to "skip the country" over a disputed contract amount of less than $40,000.
My response to the entire affair was outrage. How could this happen? I was set on seeing justice done, and on clearing my name. Then, due to the dollar amount, the State upped the charge to a 2nd-degree felony. I decided not to fight, since the cost of the battle wouldn't have been worth the win.
A non-adjudicated settlement was agreed upon, and I was placed on probation. As I think back, I probably could have gotten the probation dropped then. I was told that once I had made restitution, it would be dropped. After paying restitution, I was then told I must remain on probation for 50% of the original term. I decided not to fight that ruling either, and the term expires next month.
None of my rights were lost, and under Florida law I could have the entire matter expunged (wiped from the record). My friends, family, and the legal community all felt this was a travesty, and an improper utilization of criminal law in a civil case.
It happened, and I did not run or hide from it. In fact, I tell the story often.
The other accusations have been addressed in detail and are blown out of proportion, just as the use of the word "felon" is misapplied. This was not a Federal charge. I lost none of my rights as a citizen--I've voted in every election and have a valid passport. It does not prevent me from being the CEO of a public company. The matter in no way dealt with securities--it was a contract dispute.
You will judge this as you see it. I hope neither you, one of your family, nor one of your friends ever has a similar experience.
I had planned originally for this letter to contain product and status updates. I will release that information in the future.
We might find out what a "SecureView" looks like from a jail cell soon.
Wow! The report obviously takes direct aim at McBride and not really at SEVU per se.
That being said, he is the CEO and focal point of the damn company so as he goes, so will SEVU. :(
Someone's going to get sued over this. Rich if it's true or Anthony for slander and defamation of character if it isn't.
Point #2: Because of the high volume and price drop today, someone or someone(s) knew this report was coming out tonight and was covering their asses today.
I hate everyone right now!