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RICH..Another way to raise cash would be to give back some of your shares and let other insiders and those that bought in the first PP buy them...thus no more shares issued..sevu raises capitol...the first PP buyers will feel better...and most investors will feel better about you..some people have lost money in your company and can do nothing but hope that future sales come in as planned and the stock goes back up..and it looks like that may happen soon..I hope so.. Some things that happened were your fault..some were not...BUT YOU CAN DO THE RIGHT THING NOW....if I was the cause of anyone losing money then I would do whatever I could to make things right..will you? Would Make a great PR..Former CEO gives back 3.5 Million shares to help fund the future growth of Sevu!!! Now THAT would be a PR to brag about....BIGBIZZ
Why cant Sevu sell the Springs investment?? Easy way to raise some more cash?? If it worth $800,000 thats half of the PP!!!! Bigbizz
Fg...IF the PP was done while shares were around .20 to .30 then the .10 price isnt out of line!! I really do understand why your upset...But..if George HAD TO RAISE CASH to buy parts to fill orders...how else was he going to do it?? First we must build..then ship..then get paid...yes Sevu might have had more cash if Rich had done this or not done that...But what George did makes sense...and I hope Sevu will only raise enough with the PP to get the job done...and at this point orders MUST be filled.....one last thing...how many companies have 0 debt AND very few shares outstanding?? Not many...we could have a huge debt to pay..with interest...but instead we have 18 to 35 million shares outstanding....with big orders coming in soon....bigbizz
Last trade .45...seems the market understands that Sevu sales are about to explode..if it takes a PP to buy parts then thats the way its got be...Costco..Wal-Mart..Target..
Home Depot..General Growth Properties..West Marine..J.C.P...Sports Authority...this are all BIG COMPANIES....and then you add all the little guys that buy 1 or 2 cameras....when a few big contracts are signed everything will be fine at Sevu....they just have to show us the money....and a.10 PP when the stock was trading in the .20 to .30 range is about right...bigbizz
It does seem odd that a BB company would have over 41,000 posts on RB...with bashers there 24/7...now thats a red flag for the SEC...longs have a reason to be there and here...but if a basher cant prove his short position then his real motives for bashing will come out...is there more to this than a few people upset with Rich?? 41,000 posts!! Looking back at the buys and sells it sure seemed like someone has been buying for a very long time..and yet the share price is still at .45 ....sell 5000 lower the price..then buy 10,000 without the price going up!! I e-mailed the SEC about this a long time ago..hope they loo at all the records..somethings going on...Bigbizz
Matt..Have there ever been normal intelligent discussions here??? Bigbizz
Man..this is going to make a good book!! So if someone was wanting to gain control of Sevu..then it makes sense to get a PP done as fast as you can...more shares outstanding!!! How many times have I posted that it looked like a MM would push the price down with a sell order for 5,000 shares and then we would see a buy for 10,000 shares at a lower price?? More shares for someone without moving the price higher?? And what was up with the run from .20 to .99 cents ?? Someone bought a lot of shares...interesting....Bigbizz
Everything the new managemet team has done seems to be the right move...and Im behind them 99%....10 a share...thats just too much of a discount...and IF they are going ahead at that price then I hope they can keep the total under 10 million shares...bigbizz
If shares were now at .05 then I guess the PP would look like a great move...like the Springs deal..150,000 shares for an $800,000 asset??? But really...if all the shares are sold 1.7 million for half of Sevu!!! Maybe $500,000 for 5 million shares..that way sevu raises a little cash and all the insiders can have a stake in the company...Bigbizz
If shares were now at .05 then I guess the PP would look like a great move...like the Springs deal..150,000 shares for an $800,000 asset??? But really...if all the shares are sold 1.7 million for half of Sevu!!! Maybe $500,000 for 5 million shares..that way sevu raises a little cash and all the insiders can have a stake in the company...Bigbizz
Rich..if the PP is for .10 a share cant you see why that would upset ANY and ALL shareholders? If a PP was the best way to go thats fine..but to do it at .10 is wrong!! To sell almost half of the company for 1.7 million?? Im with FG on this one....Bigbizz
OK..if the stock was around .20 and thats when they did the PP then its not as bad as it looks...on the flip side 1.7 million in working capitol will also help...and its money from insiders..that does say something...cant Sevu not issue all the Shares?? Now that the share price has gone up and some buyers have yet to pay...I think the price they pay should also go up...if they have the right to back out..then Sevu should also....I could live with 5 or 10 million more shares if it gets us the money to get the job done....but 17 million..thats a bit much...even if its going to take 2 or 3 years for them to come out...bigbizz
ZAG...Good Post!!! Bigbizz
A PP should raise cash now!! Not over the next two years...we wont need the money then!!!
OK...a PR about the PP would be nice about now!!!!
A PR would be nice about now...I really dont think I could find out the details about the PP with a phone call...everyone should find out with a PR...Hello George??
SEVU LAST TRADE .45 What does that tell you??? IF There were 17 million more shares coming at .10 then shouldnt we be trading at .25 ?? Maybe the MM know the details of the PP ??? Im sure a few people sold because they dont understand the details of the PP...and yet the stock price held up...interesting!!!!
FG..do you KNOW the terms of the PP ?? Do you really think the company would issue shares for .10 ?? Sounds crazy to me....
Anyone answer this..Since Sevu DID receive $318,750 for stock subscriptions why didnt they issue shares to the buyers?? Total shares outstanding was still 18.5 million...only answer I get is the shares have not been paid for...just a down payment...when you pay the rest you get the shares...JMHO bigbizz
FG...have you talked with the company?? The Q report ended June 30th and Sevu had ALREADY received $318,715 for stock subscription agreements...and yet NO NEW SHARES WERE ISSUED??? WHY?? Maybe because the .10 is just a down payment...when you pay the rest you get your shares...I do know how to read a Q report..do you?? Bigbizz
18,434,909 TOTAL SHARES..its right on top in the PR!! The PP hasnt happened yet...0 new shares issued!!! Sevu can issue up to 17,042,000 more shares...but the price for them isnt known yet!!! Go ahead call the company!!!
Subscription..from Websters..application to purchase securities of a new issue ??? It still looks like Sevu hasnt sold any new shares...but what do you get for your .10 ???
DK..your right..we need a PR..so everyone can know exactly whats going on...total shares still at 18,434,909 ?? But they took in $318,750 for stock subscription agreements....we need to know the terms in this agreement....if it takes care of short and long term financing and Sevu gets a decent price for any shares they issue then thats good...if its .10 a share and thats it...then thats bad...unless they use that money for a second production run and all those units are already sold..then it might not be so bad after all...bigbizz
Everyone hold on...why didnt the total shares outstanding go up?? If they took in $318,750 shouldnt the total shares gone up by 3,187,500 shares?? We need a PR with the details of the PP...it just doesnt make since that they would do it for .10 a share??? Still think its odd the total shares didnt go up??
What does the term stock subscription agreement mean?? We dont know the terms?? Perhaps the .10 a share is what you pay for the rights to buy at a certain price within a certain amount of time...with a PP cant you have any kind of agreement? And why does the total number of shares state 18,434,909 ...if they took in $318,750 for stock subscriptions...and if thats all you pay..then why didnt the total go up by 3,187,500 shares?? ANYONE? BIGBIZZ
MH...Sevu has 0 debt..more shares but 0 debt...
BB...If Rich was still the CEO I would have sold and moved on...and whats happened in the last 6 months looks good for the new management team..20,000 Secureviews produced..parking lot system..Costco..Unified Marine which supplies K-Mart and Lowes and Wal-mart..Skymall..Popular Science..new sales reps..etc..etc..so should the current shareholders have to pay for something Rich might have done?? If it ever comes to a settlement..it should come out of his pocket...or out of his shares..and I would think a jury would see it that way also...funny thing is after all this shares still trade around 5x forward looking sales?? Maybe the first 100,000 secureviews are already spoken for after all ?? bigbizz
FG..or anyone else..How many shares were issued to the Gophers..and how many shares were issued to employees and others for services?? All of these should have a cost basis for the shareholder well under the price Sevu was trading at during the class action period!!!So we can subtract that number from the total since we know they couldnt have lost money even if they did sell..interesting... I just thought someone might know...but just for Print01 I will go back and reread the old SEC filings and post the results all over the WWW...bigbizz
SH..is print01 upset over my one post where I pointed out that a lot of shareholders have a low if not 0 cost basis...the Gopher shares and all the shares paid for services ....I dont think any of these shareholders lost money!!! I also stated my guess was $500,000 at most in losses for shareholders...it was post # 10367 PRINT01...NOTICE THE WORD ...GUESS....
Looks like the market makers have stopped playing with Sevu...no last minute sales at the bid...no 10 trades in 5 minutes to move the stock up or down...if Sevu comes through with good numbers in the 3rd Q we should be fine...bigbizz
A@P was just on the Discovery channel!!! I only caught the end of the show....seemed to be about what he does for a living...dont think he told them he had been in jail...in the few minutes I saw they kept showing the gun he carries...he also said he has a guard dog in his truck at all times!! They also showed the Security system at his office!!! Wonder if it was a Secureview camera??? Did anyone see the first part of the show??? What a life..guns..guarddogs..even A@P needs security cameras!!! Bigbizz
Wealth...Sevu didnt mass produce Secureview until this year...with a 20,000 unit first run...the $ 9 million is all the orders taken..some from last year..some from this year..bigbizz
Cabos..I just point out facts..like Costco is selling secureview cameras..and Sevu has teamed up with Unified Marine and Wal-mart is testing the parkng lot camera system...etc..etc..sorry you have a problem with someone posting facts...bigbizz
SEVU is at the national hardware show with 62,000 buyers.....just put up a TV and camera..put a Popular Science mag. beside it...and sell...sell...sell....
Cabos..another point is the settlement didnt hurt the company at all...and the person that caused the suit to be filed didnt DROP OUT!!
1st Q sales under $200,000 stock .25 2nd Q sales a little over $500,000 stock .50 anyone see a trend??? and if the trend holds...with only $2,000,000 in sales for the 3rd Q we should be back around $2.00 a share!!! With a few more big deals before 3rd Q numbers come out we just might blow right past $2.00...if sales are over $3,000,000 shares should be around $3.00...you would think any shorts left would cover if sales top 2 million...Sevu is here to stay....bigbizz.....5X forward looking sales....$$$
DK..your right..they never said any deals were signed..and the Tiawan 80 million number came from logis-tech not Sevu...
EVERY PR..had this statement..investors are cautioned that all forward looking statements involve risk and uncertainties,including,without limitation,the ability of seaview to accomplish its stated plan of business!! isnt that pretty clear!!! The defense rests!! Bigbizz
So a law firm files a suit after talking to one lady that owns 400 shares??And the fact they were not up front with Ann says a lot... This with the fact someone sells 100 shares at the close...day after day...thats $45.00...looks like a MM doing this...so ask WHY!!! Is there a link between the suit and a MM ?? At some point it will be positive for longs...the MM will cover his short and/or push the price up because he has been buying shares cheap...Bigbizz
It still seems very odd that someone with 400 shares would seek out a law firm to file a suit??? And if she didnt seek them out...?? Hello SEC ???