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This is uncharted territory. I have no where to start.
Exactly what I was thinking.
JMHO
Thanks for your input.
I wasn't thinking that increased share price would effect SEVU's capital structure. Just that many institutions would be more willing to provide the necessary funding and by doing so avoid dilution.
Interesting! eom
I will try it,starting tomarrow.
Seahag, I have published IHUB on RB by link and by reference. I respect you and your opinion. But that is just what it is, an opinion.
respectfully submitted.
Bulldop, One of the things I have been thinking about is that AMEX and the expected increased price ($?) will basically open the company up to millions of dollars in open credit. This has been one of the main problems of companies who grow so rapidly...acquiring the financing to fund that growth.
I know Rich has private funding, but the cost to produce 400,000+ units in 2001 will be huge for a company with the receivables SEVU will have. (ie. booked revenue that is uncollected).
This should allow Sevu to not dilute present ownership.
any thoughts?
as always, JMHO
That is one of the first seriously insightful posts I have read.
I believe this is about double what it was two weeks ago.
I say mid-december after election crap is done.
From what I read in the financial statements, SEVU has $500k cash, and vertually no DEBT. Seems to me that operations and reasonable collection of receivables would be able to handle the brunt of any cash crunch (financing the actual production run is a different story). Being able to meet there obligations as they come due does not seem to be a problem at this time.
JMHO
I live in the area of the boat race.
It's a pretty big deal around here.
That estimate of people is very conservative.
As I understand it, it is an important race. There is a good possibility it could get televised.
Missbudweiser might have more info. as I determined she must be involved in the racing team as her alias is the same as the team name.
I would like to hear more about the race.
anybody?
JMHO
Well Said!eom
I believe mistakes have been made. But like you the upside IMO is so large that I can't imagine taking my money off the table. I just wish I could have timed things a little better and ended up with twice as many shares as I have. hindsite is 20/20.
shipped orders only. There are some $2 million/wk being ordered. shipping is the key.
jmho
I...
tend to enjoy a little off the wall type of fun
So this is where you all are hiding.
Nice of someone to tell me. LOL. I know what you're thinking, "darn I thought we got rid of him"
Well I may be slow but I will always catchup.LOL
can someone post this on RB as it might be helpful.
SEVU website changed...
It now says "Race fans are you ready" instead of "Are you ready to rumble"
quick response!!!!!!!!
Exellant post...
you need to post it at RB as well.
Doug,
I noticed price difference. But I think at the time this site was being designed that was the right price. I'm sure they will fix it.
As to the new products section, I'm having no problems. just tried it. maybe under construction when you tried.
JMHO
It could be...
but I think AMEX would more likely be waiting for 3rd qtr filings which demonstrate among other things the equity increase due to springs purchase.
JMHO
Seaviewgoingdown is back at RB with a slightly different name. He stated he called Kbyte and that the former VP of SEVU now works there. Also he stated he talked to him and that he said that Kbyte is producing the board for Secureview. Curious about who is actually putting the entire unit together.
I just called Kbyte...
Dan Mehosky does work there. Whether it is the same guy as SEVU I don't know. I left a
message for him to return my call. My bet is he won't.
# is (813) 854-2000
claire, you have a PM.eom
Regarding weekly letter...
I'm wondering if Mcbrides trip to DC didn't get in the way of the ability to write it?
I guess it could be.
Also wondering how trip went?
Didn't even think of that.
The possibilities are endless......
JMHO
Lets not forget...
the computer networking abilities they mentioned a few weeks ago. Just plug your computer into the wall and your networked. NO CABLING REQUIRED.
That is huge in its self.
JMHO
I agree completely.
great post!!!!eom
FG..you have mail. eom
Tony,
I remember something about the Florida Acquarium was going to set up a SEAVIEW camera in their tank and link to website. Not sure if ever done or not. I will try and check on it.
From my standpoint, SEVU will be huge no matter when production gets going full steam.
But, projections were placed out in the public eyes and that is what will be expected of SEVU. Even half of the sales would be tremendous but the public will see it as only a partial success because their expectations have been raised so high.
My earlier post was just a calculation I had made to prove to myself that it still could be possible to produce 100k units. I thought others might be interested.
I have been long on SEVU for more than a year, things are just starting to ge interesting!
JMHO
thanks, with 2K units produced each day and with 14 weeks left of the year at 5 work days in a week that would be
2000 x 14 x 5= 140,000 units possible to produce, subtract ...say 30,000 (15 days worth-picked out of air) units for holidays and vacations and other problems that might occur and you still have more than enough units produced to satisfy the projections.
As long as orders are coming in (as they seem to be) the projections might still be possible.
JMHO
gotinearly
I thought they looked interesting. However, I think 10 units per day per dealer is a little high. I would love to have that happen, but it seems a little much.
Unless you are considering all phone orders from web and TV ads in that number it could possibly be o.k.
My biggest concern right now is that all the orders can be shipped.
How many units a day can K-byte produce and ship? Can they out perform the intake of orders? They will have to if they want to get anywhere near their projections of the 100k units.
what do you think or maybe FG might now these answers.
By: gotinearly $$$
Reply To: 7518 by minadog $$$ Wednesday, 13 Sep 2000 at 9:25 PM EDT
Post # of 7570
mina, I thought you knew that these are only planned sales. If you click the "transactions" tab on that same page you will see that there have been NO INSIDER SALES.
http://moneycentral.msn.com/investor/invsub/insider/planned.asp?Symbol=sevu
type in SEVU
Clair, I appreciate your support.eom
yes, but i draw on my experience for general accounting type questions. I in no way have any particular knowledge of how SEVU records their books. I just know how it is supposed to be recorded.
That is why I always use "JMHO" as I am not paid for this info and therefore will not accept any liability for the use of it. I simply try and add some educated insight.
how about you?
thanks. eom
I hate to say it but Sevudownunder has a point (on RB) that I have been curious about for quite a while now. How is SEVU going to pay for the initial production required to deliver on purchase orders. I remember something about margining his personal investment account. Anyone have any new info.
Thanks in advance.
welcome back!!!eom