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J.C.Penny now selling Secureview on their website...
madhat..net revenue was UP 28% not down...and insiders bought a lot of shares and have only sold a few..look at the 144 filings...also Sevu secured funding from AJW on Sept.20 so I dont think they had time to use the funds in the 3rd quarter..and yet sales were still UP for the quarter...they also stated production cost reductions will allow better price points for LARGE consumer retailers...was hard to do anything without funding..they now have funding...bizz
madhatter...Seaview just reduced production costs..a year ago the retail price was $499.00 and now its $149.95.. So sales should increase...I was in a Sams store today and as I looked at a security camera system on display I noticed someone 10 feet behind me...I couldnt see a clear picture of their face!! I then moved the camera to get a better view and knocked the whole system out...nothing..blank screen....George needs to talk to Sams...at least the picture on HSN was very clear!! bizz
Accounts have been initiated with THREE purchase order funding firms to process orders the company wishes to finance...now Sevu can fill ANY order...bizz
Bill...holding and buying more...bizz
shamus..shamus..this is from a story in the Wall Street Journal...there are companies that manage to avoid the death spiral since they used the capitol raised carefully and have annonced positive developments that have increased their share price....good news will come very soon...Sevu just raised a million dollars and a year from now when they issue a few more shares it wont matter...bizz
Im with you paul..I will be back when we hit $1.00...bizz
print01..others already selling a vehicle camera..I bet the Sevu model is easier to install and cheaper..maybe Honda should have never tried to sell cars since Ford had been doing the same thing for years!! bizz
I double dirty dog dare the MM's to raise the bid to $2.50!!! Ha take that!! bizz
I dare the MM's to raise the bid to $2.50!!! bizz
Sevu just secured funding so whatever they shipped in the second quarter must have come from inventory and I think it was around $700,000 at the end of the first quarter..I will have to go back and check the numbers again...or perhaps they knew that funding was a done deal and started production some time ago?? Now its just a matter of how fast Sevu can manufacture product..they always said they could ramp up production as needed...we shall see...bizz
paulmk...first you say the manager told you the product wasnt selling very well and at the end of your last post you said...I think he spouted out the corporate trained response about not revealing sales? Which is it? When I called I said I might want to buy several cameras for my store and asked how many they had in stock..they said 40. If they started with 48 and sold 8 at $148.00 in a few weeks with no ads then I would think upper management would be pleased...this and the fact the N.Y. store sold 36 in six weeks!! If Sevu places Secureview in all the Costco stores and runs a few ads with Mike Ditka then we will get a clearer picture on sales. bizz
paulmk..you talked with the MANAGER?? Not often do you have a manager answering customer service calls?? You say he bashed a NEW product at his store? Seems an odd thing to do? I wonder if the home office knows one of their managers is bashing a product they decided to put in his store?? Wouldnt they want to try and sell new products?? So he said their customers were not interested in a new easy to use security camera? When I called I got an exact amount of product on hand within a minute..funny the manager didnt know how to do this?? As matter of fact your whole post sounds funny? bizz
good posts deadman!! bizz
Shamus..thanks for the info on the RCA prison tv...how much time did you spend getting the info? You still dont own shares? A@P spent time getting info on Sevu...now he is doing time!! Care to explain why your here?? Better get your story straight before the F.B.I. asks you the same question...its not who wins the battle..but who wins the war!! bizz
Shamus..so you called Sevu and ask if was their product?I thought they were closed on weekends? OR you know the company that owns the rights to the prison tv?? So whats the name of the company if its not Sevu? Or did you lie? bizz
Dan..13" PRISON TV...will Sevu send one to A@P!!! Now that would be funny!!! What do you think about the product? bizz
Dan...RCA did have a Secureview camera in their booth at the CES show in Vegas...Sevu put everything on hold while they were in talks with a VERY BIG company? Sevu said a deal still might be worked out?? The tv was called a Secureview..followed by the little r with a circle around it...I have found one other company that uses the term Secureview but they sold camera hardware so their wasnt any conflict with Sevu and I dont think they were in talks with RCA like Sevu had been....good job Dan...George we need some news!!!But not until after I buy some more shares on Tuesday morning...haha bizz
With POs from major retailers Sevu should be able to get funding to fill even more shelves...they also had to settle the lawsuit....thats been done...go Sevu...bizz
Sales will go up with ads...Costco knows this..Sevu has POs and can now get funding for bigger production runs and ads...bizz
389 Costco stores all selling 6 Secureviews per week at $148...and say Costco gets 40%..that leaves $88.00 for Sevu X 6 or $528 per store per week X 389 stores = $205,392 a week..or $ 10,680,384 a year just from Costco..bizz
Posters here have a rare chance to make some money...the fact that Secureview is on Costco store shelves is only known by a few investors that read ihub and RB...the insiders at Sevu have just spent a lot of cash buying PP shares so I dont think they will buy on the open market..Sevu as over 1300 shareholders whats going to happen when they find out about Costco?? No matter how you feel about Sevu this is a chance to take advantage of some info ....once the PR comes out your chance will be gone...bizz
moron...lets say IBM had done the exact same thing as Sevu..and pretend they had the same amount of shares outstanding and were sued by their shareholders do you think the settlement would be under one million?? Shareholders NEVER get back what they lost in a ca suit but must agree on an amount based on what a company is willing to..or can pay to get the suit dropped..so if Sevu would have signed a deal with RCA last Dec. then the plaintiffs would have thought Sevu would be able to pay more..and they would be correct...so thats why it would be best to settle the suit and then sign major deals..why give all your profits to the lawyers...bizz
Moron..funding was held up due to the ca...they should now be able to get loans...they can also use the POs from Costco and Wal-mart to secure funding...all this may take a few more months but now that the ca is gone seaview will release more PRs...what you posted was correct if Sevu would have signed a deal with RCA they might have had to tell the courts ...and yes that might have drove the stock price up but the plaintiffs would have wanted a lot more shares...I guess it really doesnt matter now...from here on its all about sales and profit...bizz
moron..if Sevu signed a deal with RCA what does that have to do with the courts or the Sec?? If they would have signed a major deal before the ca was settled do you think the plantiffs would have settled for 6 million shares? You also talk about the stock price and credibility?? Doesnt that apply to most companies in todays market??You should watch the news...George Bush was talking about this today...bizz
moron...if a company can wait to release positive info until after they settle a ca suit then they should..that way the news will have a better effect on the stock price...why is that so hard for you to understand? I never said anything about sales or Sevu being perfect...bizz
Moron..why would Sevu post any positive results back when they had the class action hanging over the company? Most investors would still shy away even with good news..BUT NOW that the ca has been settled..or they may wait until the judge signs off on the agreement any day now..THEN we will hear what Sevu has been working on for the past year...bizz
Retail Stores..Costco..389..Target..978..WMT/Sams 3213..Home Depot..1404..total 5984...if Sevu gets Secureview into 3000 stores each selling 6 per week thats 18,000 per week...if Sevu gets $120 out of $199.00 that would = $2,160,000 per WEEK in sales!! Or $112,320,000 a year from 3000 stores...lets not forget other retailers are also interested in Sevu products..K-mart..Lowes..Radio Shack..etc..etc..so getting 3000 or more stores will happen....dont forget the parking lot systems and other new products like the personal dvd player all adding profits...$$$$$$$ bizz
Seaview has moved to: 200 Madonna Blvd Tierra Verda Fl 33715 there will be more PRs from Sevu now that the C/A has been settled and they should now be able to get the much needed funding so they can put more products on store shelves....bizz
Maybe they are moving into the RCA building!! bizz
Knight Securities buying again...they sell 100,000 shares and lower the price..then try to buy 200,000 at the lower price...once we get all the news from Sevu I think they will push the price back up..way up!! bizz
Sevu wont release the really big news until the class action settlement becomes a done deal..the judge should approve the settlement any day now..and once thats over
we will get some great news with details on what stores carry products on their shelves...insiders bought shares for some reason and I dont think its because two major retailers are going to carry products on their websites and not their shelves...bizz
Allthat..how many stores does Ma Joe own?? bizz
frankng...Sevu has had a new management team for a long time...the fact that product is now being shipped to major discount chains is the result of this new team...what Rich or FG did in the past doesnt matter...now its all about sales and funding for future growth...bizz
Interesting that consultants and lawyers are willing to take shares instead of cash...Sevu has turned the corner now that product is being shipped to MAJOR discount chains!!! bizz
Sham...when insiders put their cash into the company they work for...its a good thing...if insiders are willing to take stock instead of cash for their time working for the company..thats also a good sign...Ive never stated Sevu wasnt using stock for cash...you might want to do a little business research this is a very common practice with new companies...use stock or borrow money and make payments with interest...so far Sevu has very little debt...but the plan is to fund future growth with loans..this can be done now that the class action has been settled...as you will soon see....bizz
George wont give out any news until it has already happened...two major discount chains will carry product...other deals will happen very soon...insiders bought for some reason...bizz
The next 10q should show the results of shipments to major discount chains...sales up..stock up...bizz
A friend of mine made the largest buy today..a 3000+ trade and yet the market makers LOWERED THE ASK after his trade..lets see.. someone is buying at the ask so lets lower the price?? At that rate if he would have bought 100,000 shares the price would have dropped to .05 a share!!! Interesting way of doing business...bizz
Allthat..Shamus posted this...I have a vested interest in seeing this stock plunge in price....that was April 11th 2000 #2458 on RB...and he is still here....bizz