Crazymoney...a couple of questions for your tour guide tomorrow. What is the status of the mass production, has it begun yet? If not, what is holding it back...parts? How many many units per day are being produced/shipped at this time. What kind of backlog exists? How many employees are at SEVU? Thanks in advance...ERUE

From March 30, 2000 10K-405...
To clarify the Videocom/IRFS questions


PROPRIETARY RIGHTS

SEAVIEW UNDERWATER CAMERA. The Company has a patent pending application filed
with the United States Patent Office involving the use of infra-red light
transmission in fluids, via a video camera. The Company has granted patents on
the underwater cameras D411,217, full size design and patent D418,152, mini
design. Additionally, the Company has patents pending on our Sun Visor Hoods,
Component Module and Universal Bracket.

The above patents are owned exclusively by the Founder and President of the
Company who has licensed the patents to the Company under a royalty agreement.
The royalty agreement was entered into on March 22, 1999 and is for a term of
three years.

SECUREVIEW SECURITY CAMERAS. The Company has a patent pending application on
file with the United States Patent Office involving the use of video cameras,
utilizing bayonet style light bulb applications in the transmission of any video
signal or audio signal.

Additionally, the Company has fifteen different, but specific granted patents
regarding transmission of video and audio signals over electrical wiring a under
long term renewable option throughout twelve years.

I believe this spells out the agreement with Videocom. My opinions ERUE

Yes Francois...still "long" here and still asking questions, not walking blindly into the light as you suggest. You are correct that someone who has met with management many times may have more faith than others who only managed to gather "superficial" knowledge in one visit or someone that doesn't even know where the company is located. That doesn't change the fact that people want to protect their investment by gaining as much knowledge as possible to satisfy their individual needs.

My questioning of the "honesty" of management may have been the wrong choice of words on your thread, semantics...but you must also agree that things very rarely happen with this company as advertised. For example, in a phone conversation with McBride (posted on RB) he told me point blank that the company would be selling the product through the dealer network already established and through the infomercial (still haven't seen that one). He told me that the company did not want to go to the big retailers until much later so as to maximize profits. I think it was less than two weeks later that the JC PENNEY deals started being announced. Not sure what you call it where you live, but that was a lie on my piece of heaven. Did I really care, NO, because this just meant more places to sell the product. This type of thing happens too often here to cast blind faith, c'mon man. Get my point????

If I were to rely only on their PR's and then verify them with quarterly filings, I would have been gone long ago as would many other smart investors here. I've tracked enough of your investing to know you would never totally rely on only those things. I am here because I can get that extra bit of info that makes me disregard the fact that the company has not yet lived up to its press releases but certainly appears headed to do so in the future. It is called comfort level, and no I don't need the canned speech about what it takes to invest in BB stocks.

This company will do fine if all is as they say, and only time will tell that. Still "long" GO SEVU...ERUE

Thanks Heathbar...sounds reasonable, must be nice to be closer to the action. Hard to get through all the fluff. I suppose more facts will come to light as the time passes. I'm not sure that the information you suggest has been stated so eloquently in any PR or view I've seen, but maybe if you piece them together and play them all backwards the truth is revealed. I think your certainty in these facts comes from your geography, because from this part of the world the picture doesn't look the same. Regardless, thanks very much for your thoughts as I will consider them in my opinions. Good luck! ERUE

Sorry Francois...all my IMPLICIT TRUST has been used up, I'll settle for "JUST THE FACTS". My confidence in SEVU's product remains in the fact that I still have all my shares. I'll await the next filing.



"SEVU has no reason to disclose its relationship with Videocom to give good ideas to its competitors, so I would avoid the inferrences you're making


They do have reason to be honest with shareholders!

Still curious about that email reply, any word?

Francois...did you ever receive clarification from SEVU regarding the share issue. Looked back through recent posts and didn't find anything addressing the subject since you sent the email to SEVU. Just curious what you found out. Can we assume that Videocom, Inc. will cause another dilution? I guess we will find out in the next filings.

On another subject...and I'm asking anyone this one. Could someone please explain to me why SEVU and McBride have presented IRFS to shareholders as their new discovery when all along it seems that they were just buying the technology from someone else (which there is nothing wrong with in the first place). IMO this type of deception (was this deception???)isn't good in the long run, why do it in the first place? Seems silly to me.

Still feel good about SEVU, especially after seeing the sales figures. But I do realize that we are on the OTCBB and who knows what is really going on behind the scenes. SEVU has been a really good investment to this point. Good luck to all! ERUE

DK76...you make some very good points and I think you should email Mr. McBride with your thoughts. If business is as they say, an extra mouth to feed should not cause problems. Especially with the long term benefits that a person working in this capacity can ensure. My opinions only! ERUE

Francois...please point out the NEGATIVITY of my posts...and when you do I will point out the REALITY that lies in them. BTW, I still have every single share I ever bought.

You are probably right Dahlias, although I wanted everyone to be aware of the competition SECUREVIEW will be up against at RADIO SHACK and other retail outlets. Wiring may sound like a problem, but in many cases it is fairly simple and cheaper if they can do it themselves. Most consumers go for cheap AND ease of installation, so it might just be a toss up between saving a few bucks and saving a little time. Erue

Check this out...
http://www.radioshack.com/category.asp?catalog%5Fname=SECTY&category%5Fname=SECTY%5F001%5F001%5F000%5F000&Page=1

According to my count, SEVU will be in competition with 27 other types of security cameras available through RADIO SHACK. They range in price from $29 to $299. The varieties include Quartz clock cameras, smoke detector cameras, and even an indoor/outdoor waterproof infrared light fixture camera with motion detector...sans the bulb. It does appear that most of them require wiring, so that is one area that SECUREVIEW will have the others beat. Price is a different story though. Might want to take a second look at those sales projections. JMHO Erue

Posted by: Madhatter
Date: 10/4/2000 6:30:40 PM (ET)
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FG, You said yhou would be looking into the share increase situation. Can you tell us what you found out? Are there more convertable debentures out there? Are issued warrants included in shares outstanding? Is Rich going to give us some assurances regarding dilutive actions in the future? My trigger finger is getting a twitch. My mind says BUY MORE SEVU, but I would like some answers to these important questions.

HOW MUCH FOR THE LAWN TRACTOR!!!???



Any news on this yet Francois???

Thanks FG...Erue EOM

READ THE LAST LINE...


SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549

-------------------

FORM 10-Q

[X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15d
OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended June 30, 2000

[ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15d
OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from: ____________ to ____________

Commission file number:
33-55254-26


SEAVIEW VIDEO TECHNOLOGY, INC.
------------------------------------------------------
(exact name of registrant as specified in its charter)


NEVADA 87-0438640
------------------------------- -------------------
(State or other jurisdiction of (IRS Employer
incorporation or organization) Identification No.)


SEAVIEW VIDEO TECHNOLOGY, INC.
200 MADONNA BLVD. SUITE A
TIERRA VERDE , FL 33715


(727) 866-3660
----------------------------------------------------
(Registrant's telephone number, including area code)


SEAVIEW UNDERWATER RESEARCH, INC.
----------------------------------------------------
(Former name, former address and former fiscal year,
if changed since last report)

Indicate by check mark whether the registrant (1) has filed all reports required
to be filed by Section 13 or 15d of the Securities and Exchange Act of 1934
during the preceding 12 months (or such shorter period that the registrant was
required to file such reports), and (2) has been subject to such filing
requirements for the past 90 days.

[X] Yes [ ] No


APPLICABLE ONLY TO CORPORATE ISSUERS:

Indicate the number of shares outstanding of each of the issuer's classes
of common stock as of the latest practical date.

Total number of shares of Common Stock, as of July 30, 2000: 14,826,956

Subdriver...not a typo after all. According to the 10Q, total outstanding shares as of July 30,2000 equalled 14,826,956. The increase came during 2nd Qtr,2000 when the company exchanged $2,735,237 in conv. debentures for 2,217,449 shares of common stock. In addition, another 200,000 shares of common stock were purchased for $1 per share from the exercise of warrants from a previous resolution dating back to the Gopher Inc reverse merger. The proceeds of this warrant option were to be used to fund operations. My math indicates the total to be 14,834,649 with the figures mentioned above added to the share count at 3/31/00 of 12,417,200.

Thanks Subdriver...apparently it was a typo and has already been fixed. Good job SEVU!

Looking through the new web site I observed a discrepancy in the number of outstanding shares.

On the INVESTOR PAGE under INVESTOR OVERVIEW, the number of outstanding shares was 12,417,200. Restricted shares amounted to 9,637,200 and the float was 2,780,000. This was as of 3/31/00.

On the INVESTOR PAGE under STOCK INFO, the number of outstanding shares was 14,827,000.

Can anyone give any insight to the increased share count. There is a 2,409,800 difference. Maybe these were created to pay off GOOMZIE for the slogan contest...LOL... ERUE

More goods news from McBride this week. CNBC should really get attention for SEVU.

I noticed a couple of things in the comments by McBride in his letter from the bridge. Near the bottom of the page he stated something about the patent and trademark office publishing something regarding all "our" pending applications. In the next line he stated "I've also had another patent awarded, for a supplemental product I designed to go with Secureview."

My question is, can McBride still have patents awarded in his name and under his ownership even though he is employed by SEVU? I thought that SEVU would own all patent rights from products developed by persons under their employment. Am I wrong here? Maybe this was developed earlier and the patents are finally being awarded. Just curious.

I would appreciate any clarifications offered. In addition, can anyone comment on the agreement between McBride and SEVU regarding the patents. I know there was a PR early on that said something about SEVU getting 10% of the net, but I think that was changed. Does anyone know the current agreement?

I am not trying to cast doubt here, but only trying to answer the little voices in my head that want to know. Thanks ERUE

Thanks Tchock...this was an old post from several weeks ago that Francois transferred from RB to try to answer Claire's question. I know what a stir was caused by the comments I reported from McBride concerning the sales and when they could be booked. I must say that I looked over my notes and recall being told exactly what I wrote. That doesn't mean I understood him correctly and stated that in a later post. I am sure that the company would be happy to clarify the issue if anyone feels compelled to ask. Since I'm not an accountant, I have no facts and only opinions concerning this subject. Opinions don't really count here so I won't waste your time. It will all play out in time. Good luck!!!

I believe all the important questions have now been answered IMO......WOW!!!

I agree that if the price had gone up you would not hear as much groaning. You characterize professional investors, while I must suggest that this stock is full of first time OTC players (as myself), the two will not always react the same due to the experience factor.

IMO the only reason these issues seem to be so important to everyone is that the earnings figures are out there to be met by year's end. Without those figures looming, most would be thrilled with all that SEVU has accomplished in such a short period. If stockholders were not feeling pressures for the company to meet these goals they would be much happier about PR such as yesterday and less concerned with exact figures on a day to day basis (which by the way is unreasonable to ask the company to provide on a constant basis). Not sure, but these earnings projections may not mean anything to OTC traders, but once on AMEX they will count. BTW, as others have previously stated, I would be elated if they only sold half as many as proposed.

These "problems" are being instigated by unclear PR statements, lofty projections, and references to things that never seem to materialize. We can only hope that Mr. McBride will readdress some of his previous statements. He should be able to see by now that mentioning something that may or may not happen is not good for the long run. Take this FWIW, my opinion, as I have spent way too much time here and should get back to the real world. Good luck...ERUE

Francois, I think you are the one losing it when you label these three posters as BASHERS??? Is this post war stress syndrome kicking in after your recent battle with real bashers??? It really does make this board look like a cheerleading section when you can't handle comments such as theirs. Just because you feel good about the PR does not mean that everyone feels the same. Comments such as theirs are constructive, not destructive as the many others we have absorbed from the RB board. Welcome them!

Each one of these people has said they are long on the stock and do not intend to bash but feel that their needs were not met by the PRs. They have a right to ask for more just as you surely do when you don't get all the info you need. They have a right to air their comments without getting bashed in such an arrogant manner. You speak to them as if they single handedly killed the effects of the PR. C'mon dude, lighten up!!!These are the good guys, they are interested in the same thing as you and I, MAKING MONEY.

Sure their was some great sounding PR today, but this PR had been pumped up so much from last week that people were expecting some concrete news with some CONCRETE FACTS and FIGURES (like how much $$$ does SEVU retain from this or how many units are "being spoken for"). That did not occur. Lack of the news that was expected left room once again for the doubters, a seemingly consistent problem with the PRs that could easily be remedied by revelation of the hard facts, regardless of what they might be.

Surely these issues will be fade in time and I'm sure we will all look back and laugh at how serious we took ourselves. But until that time, the company that seems to have its fingers on the pulse of its investors could certainly speak with more clarity.

I hope by now you have put your gun back in the holster and realized that sometimes we all are capable of speaking before we think things through. Especially in the case where $$$$$ is involved. Thanks for your time and good luck...ERUE

Francois, where did you hear that McBride is concerned about inventory?

If Sevu recognizes revenue upon shipping...

and they are not the ones that are actually doing the shipping, but rather a subcontractor, does this allow SEVU to recognize VALID ORDERS that they have received and then reported to their subcontractor to ship?

Hypothetical question...for all you accountants out there. XYZ Corp signs a contract to purchase 1000 units of your product on Dec. 1st. Your company has 300 units they can deliver immediately, but must manufacture the other 700. Those 700 will not be delivered until the next year. XYZ Corp pays 50% of the purchase price up front and will pay the balance when the rest is delivered. For accounting purposes, when is the sale claimed.