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Bill, there are a lot of people that "loaned" money to the company via a convertible debenture. The debentures were converted in my case at between .50 and 2.00 per share. The certificates were issued over a period of time so as not to have them all maturing at the same time (they had to be held for one year before they could be sold). The process then involves filing a form 144 and another form from an attorney confirming that you are not an insider in the company. When my certs mature I will file and depending on what the company looks like will make my decision as to sell just enough to make back my investment or sell all. Hope this clarifies things a bit for you. SH
P.S. I believe that the last of the debentures were issued some time @ FEB 2000. I don't know when they were all converted, but as I said you had to hold the certs for a year so the last of them will probably mature some time this summer, 2001.
John, let's not get to wild with predictions for this stock. $100/share????????????? I'd be happy to see it back at ten. Please be careful with your posts as we are struggling to maintain credibility here. Thanks. SH
Anyone see the new View??? SH
A@P, if I were in control of this board you'd NEVER post here again. SH
Fan, time out again for you. This is not a "Feel Good Board". The only reason I post here is that it is a a place for CIVIL interactions among people with a common interest. Any investors wants to hear the negatives as well as the positives as they relate to their investment. Petty issues have a venue here that provides for addressment. Please use the PM mode for that. I'd really hate to see you go away for good because I do belive you have something to add here. Are you simply not capable of restraining yourself or do you just take pleasure in creating negativity? SH
Dan, no set day but they are usually once a week. Yes old views are archived. Just click on the View and you will find the rest on the left hand side of your screen. SH
Great suggestions DiverDan. SH
Sorry, duplicate post. SH
Fan, another gold star for you. That post is an example of why I'd hate to see you barred from posting here. I also invite anybody that has a criticism to post it. I, as well as everybody else here WANT to know the negatives as well as positives. Thanks. SH
FG, Bulldop, Matt..... Please get this thread back under control. I hate to see a really good thing ruined because of a few posters with a juvenile mentality taking over. SH
Fan, sorry about the typos, too late to edit. Post should have read "Not all us have unlimited resources..." SH
Crook. What makes you conclude they bought in at 8-10? Could be they have no more money to invest. Not ll of do have unlimited resourses. SH
Fan this post is over the line and you haven't been deleted yet. I like reading your posts when your input is civil so please play nicely or you'll be sent to Time Out again. SH
FG, a question. Let's say that a hypothetical BB XYZ company is targeted as a good company to short by people I'll call the A&B group. Then the A&B group starts posting on message boards in a negative manner that results in driving the share price down. Is it possible that part of the plan would also include people who initially post as strong supporters of The XYZ Company and over time appear to change their opinions of XYZ and then start posting negative comments because they have been persuaded by those bashing the company? Does this sort of thing go on in the process of shorting stocks??? SH
SRS, your right. Investors filing a class action suit would only be sueing themselves. That's a brilliant concept. Let all sue ourselves and drive this company, our company into bankruptcy. Then let's all meet at the open has and commit mass suicide while we're at it. After all, we're all lemmings aren't we???? Crook, I'm about over you. SH
FG, I think you probably should delete it. Sorry Bull, although your perceptions are probably right on, you really can't back this up with facts. BTW, I hope you are correct in your assessment because at least he would be able to use mental illness as an excuse for his behavior. KCpoison is showing his evil nature on the other board. His suggestion for Rich to get new artwork at Corporate entitled "Grey Matter" bt 45 Auto was really charming. SH
FG, the concept of just deleting the posts that violated the rules was more generous than what I voted for. I voted for the three strikes and you're out concept, see ya, bye-bye. Maybe you should reconsider the more leniant way this board is run as opposed to the stricter guidelines on the other boards. SH
A@P Rules,Excuse me?? Did I say the report was false or did I say "if the report was unfounded?" SH
Thanks John, you support it helpful in light of what has been going on. When did you order your camera?? How long did it take to get it?? How did you hear about the camera?? Are you an invetor?? Sorry about all the questions I'm just curious now more that ever about the posters on these boards. Hopefully the damage that has been done, if the report is unfounded, can be overcome. SH
FG, perhaps you should lay out all of the rules for posting at the beginning of this thread, above the due diligence. Just a thought. This way people won't have to wade through all the early posts in order to find out how we play here. SH
FG, I was curious about the alias as well. But I also know that people from VietNam and Laos do have such names. Wasn't sure what to make of it but am willing to accept his answer.
As to the deletion of posts, I have seen many negative posts here that weren't deleted BECAUSE they followed the rules. I know of at least one poster here (not myself) who has expessed concern over the tone that is starting to take over this board. He/she said that they may not be around here for long if this continues. What a tragedy for us if that happens. Please don't let these people badger you into lightening up on the rules. Remember folks this is a balanced board if you FOLLOW THE RULES YOU WON"T GET DELETED. SH
Hoffman is retired military and presents the product to the government agencies. He gave an address at the last shareholders meeting. Saw him with me own bespectabled eyes. SH
Doug, where did you find this. I just went to the website and I didn't see it there. SH
What the heck is that supposed to mean. Come on SEVU quit repsonding at allif this is the best you can do. You're sounding very unprofessional and I'm still one of your biggest supporters. And if any of the shorters post this on RB you are doing so without my permission. I don't post over there. SH
Why are so many posters on "the other board" soliciting investors to file a class action suit? One poster is giving out phone #'s for attorneys, another poster is over on the WLDI board urging the folks there to file a suit. Are these posters with"no postion" really so concerned about all the"poor people who have lost money" or might there be some other motivation. If they areshorting the stock and drive the company into bankruptcy by encouraging people to take legal action with it's assive expenses, then they would not be able to short the stock any more. Is that what they do?? Short a company till it no longer exhists and then move on??? SH
I feel terrible about the fact that Mr Cook's son did this to him. How mortifying. Even if everything he says is true how could a son be so disloyal to his father. I ordered my super-mini from this man and he was extremely enthusiastic about the product. And by the way, I asked him about the leak issue and he told me that that was caused by someone backing over the cable with their motor, thus cutting it themself. I only pray for this family's sake that they can overcome the grief that will ensue from this interview. Good luck to you Mr Cook. SH
I have to respectfully disagree with you that when it comes to money there is no morality,Fan. Everything one does in this world SHOULD be governed by one's sence of morality. Without morality life is meaningless. If I knew I could get someone's money by other than honest means and took it from them then that would be stealing. I wouldn't do it even if I knew I could get away with it. You can shade it anyway you want to but the bottom line is that it's all the same to me. We try to get ahead honestly and frankly that is the only way I could live in MY own skin.
Claire, you have a philosophic background don't you?? Where do you draw the line?? SH
You are quite correct in saying that it is "our company". A lawsuit would only drive this company into bankruptcy with no benefit at all to the investors. I think it is prudent to wait and see how things will filter out over the next few days. If this is all an attempt by those who are shorting this stock to drive the prices down then that is the most criminal activity of all. It may all be perfectly legal but is morally criminal.Even though things look really bad right now the share price is better than I expected. I don't have any choice here but to wait and see....if we can hang in and overcome these issues we'll be OK. They are still down there working. Just called this afternoon. Business as usual. SH
If this is so then that makes their actions even more despicable since their only motivation is greed. I wonder how they are able to look at themselves in the mirror. Again, is there no legal remedy for this behavior??? SH
I find your post to be very calming. Thanks dk, once again a voice of reason. SH
Claire, wierd isn't it??? No fishing, too cold, brrr. Been anxious to try out the new camera. Maybe this weekend, we're supposed to go back upinto the high 60's. Cannot remember a winter this cold here and I've been here more than 20 years. Yikes has it really been that long?? Never had the pleasure of skiing out west. Deep packed powder.. WOW!!! A lot of man made stuff and ice and rocks here in the East really easy to catch an edge but still fun. You go girl. BdM
FG, if this attack on SEVU is, as it appears to be, a personal vendetta against you and it is successful in undermining the company, what legal actions can be taken to get it stopped. Can people REALLY do this and get away with it?? This whole thing really stinks. I'm more stunned over the joy many seem to be experiencing over this news than anything I read in the "report". SH
Another question, why so much celebrating over such potentially devastating news. The posters on the other board are slapping each other's backs. I don't think it's proper to celebrate the pain that all of this will cause many hard working, decent people who have believed and invested in this company. My husband sweats for his income, literally. Outin the FL sun day after day for more than twenty years. We thought we had found a good thing. I hope it remains to be. We rolled the dice knowingly. We're big boys and girls and will suck up the loss. However, I'm REALLY IRRITATED at the gleefulness that is being thrown about. SH
Assuming that all of this is true, which I am not ready to concede that it is, what are the implications for the company? I have a camera so that at least is real. Will trading be halted until everything is sorted out? Can another entity take it over and move it along? If Rich personally holds the patents, can he be forced into turning them over to SEVU. As shareholders, what rights do we have to claim any of the personal assets if we have indeed been defrauded? SH
Matt, you'll appreciate this.Got another one of my "feelings" today and called SEVU. Couldn't reach anyone there so I called the PR firm and got the usual brush off. I made a joke about going down to HQ to see if they had packed up and moved out. Now tonight we get Part Two. Scary, huh?? What do you make of all of this. BdM
dk, I called SEVU before Christmas and spoke with Archy. He took my order for the Super-Mini Cam. He asked me if I was planning on going to the meeting in Feb. No exact date as per the conversation. He initiated the matter so I'm assuming at least at the time of the conversation it was still a go for Feb. I haven't received a proxy either. SH
P.S. Haven't tried the camera yet because it been TOO COLD to go out on the water. (highs in the 50's, YUCK)
HAPPY NEW YEAR!!! Stay safe and healthy everyone. Looking for a great 2001. Can you believe it??? 2001!!!!!! SH
FG, although I enjoy the many benefits of the commercialization of this state, among them no state income tax, I find it sad to see so much of what makes it such a unique place being be destroyed. It's interesting that you were able to locate this information when I have heard nothing about this and live only an hour away from the springs. I intend to look into this further and do whatever I can to assist in the cause to keep this pristine site just that. SH
OK, then my recommendation for everyone is to grab some of Claire's cheese and delicious pheasant, some Dahlias wine and go back to bed until the Spring Thaw. BdM
The way I look at it we need the extra layer of fat to ward off this cold weather. Boy are we taking a beating here in FL this year. The hot tub is definitely out because I'd freeze between the tub and the back door. Dahlias has the right idea about the ice skating. I wish my joints could take it. How many calories does one burn up chewing? I'm thinking that if you alternated celery and carrot sticks with pieces of that buttery cheese and sips of wine. I've heard that grapefruit juice burns calories so mix the Gin with some fresh sqeezed juice and that should work. My only New Year's resolution is not to make any (resolutions) Stay warm everyone. BdM