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Market Cap (intraday): 27.42M
Shares Outstanding: 133.77M (09-30-03)
Revenue (ttm): 1.23M
Revenue Per Share (ttm): 0.021
Revenue Growth (lfy)³: -3.80%
Gross Profit (ttm)²: -1.20K
EBITDA (ttm): -1.47M
Net Income Avl to Common (ttm): -3.32M
Diluted EPS (ttm): -0.06
Book Value Per Share (mrq): 0.008
Most Recent Quarter (mrq): 30-Sep-03
http://finance.yahoo.com/q/ks?s=PWLX.OB
Abbreviation Guide: K = Thousands; M = Millions; B = Billions
mrq = Most Recent Quarter (as of 30-Sep-03)
ttm = Trailing Twelve Months (as of 30-Sep-03)
lfy = Last Fiscal Year (as of 31-Dec-02)
fye = Fiscal Year Ending
IMO FINANCIALS & FILINGS = SELL PWLX
PWLX TECHNOLOGY & PRODUCTS ARE NOT "EXCLUSIVE"
SATIUS THE PATENT HOLDER / INVENTOR IS SELLING MOST OF THE PWLX SYSTEMS DIRECT TO THE PUBLIC -
http://www.satius.com
Video Products
acVIDEO™: transmits full motion video over the 120V/240V AC power line.
CLICK HERE TO PURCHASE acVIDEO NOW
CLICK HERE TO REVIEW acVIDEO SPECIFICATION
acVIEW: video transmission over power line for security and monitoring applications.
dcVIDEO™: transmits full motion video over the +12V/+24V DC powerline.
Data Products
acLAN™: transmits 10 Mbps Ethernet data over the 120V/240V AC power line
acWAN™: will transmit 100 Mbps Ethernet data over the 120V/240V/11KV/33KVAC power line.
acVIDEO ORDER FORM
Currently we can accept only orders prepaid by check. We'll accept credit cards in the near future.
Name
Company Name
Shipping Address:
Street Address 1
Street Address 2
City
State Zip
E-mail
Tel.
Fax
Please indicate the quantity:
Quantity Description Price includes UPS ground shipping within the USA
set of acVIDEO units with mono audio $350 per transmitter & receiver set
set of acVIDEO units with stereo audio $400 per transmitter & receiver set
number of additional receivers $200 each
number of additional transmitters $200 each
The above prices do not include IR remote control.
For orders over 100 sets, please e-mail us.
Please note: Delivery is within 30 to 90 days after receipt of order.
AC Voltage:
110V (USA) 220 V (Europe)
How would you like it delivered?
Please make checks payable to Satius, Inc. and mail to:
Satius, Inc.
PO Box 731
Clarksville, MD 21029
You can check the status of your order by e-mailing us.
Copyright © 1999 Satius. All rights reserved.
Revised: September 21, 2000 .
http://www.satius.com
IMO SELL PWLX
Bernardich, George $14,954.00 $0.00 $220,385.00 $235,339.00
For fiscal year ending 12/31/2002 (not including Stock Options)
Name Total Annual For fiscal year ending 12/31/2002 (not including Stock Options)
Bernardich, George $14,954.00 $0.00 $220,385.00 $235,339.00
Ambler, Michael A. $90,529.00 $0.00 $191,055.00 $281,584.00
Bauer, Douglas A. $49,954.00 $0.00 $186,425.00 $236,379.00
http://yahoo.investor.reuters.com/OfficersComp.aspx?page=default&mxid=100210856&cotype=1&....
NOT INCLUDING STOCK COMPENSATION - HUGE CASH BONUSES IN 2002
LETS SEE WHAT 2003 LOOKS LIKE IN FEW WEEKS -
WANT TO BET THEY MADE MORE IN 2003 ?
SEVU / PWLX LOST (-4.2 MILION +) IN 2002 AND STILL PAID 597,000+ IN BONUS TO THIS GROUP.
IMO SELL PWLX MAKE THEM SELL PRODUCT NOT STOCK
Here is a competitor for SEVU vehicle camera:
http://www.donnelly.com/products/cameravisionsystems/reversaid.asp
I found this compnay in the Florida Sportsman magazine. They had a nice large ad advertising the use of this system for backing up to your boat or trailer tow hitch.
Very cool product, Very nice ad, Looks like they have a product that works, Is availble now to purchase & They have money to advertise and most likely they are selling systems.
SEVU? Press release touting the products, but NO product to be purchased? No money to advertise? Message board touts seems to be the only way SEVU advertises anymore?
IMPO
Improvements to Florida Resort, Spa Contingent on Annexation By Elaine Allen, The Sun, Port Charlotte, Fla.
Here is a little better look into Golden Springs part owner and head of Golden Springs, Tell me if this guy is a RLM wanna be or clone? It will be a long time coming when North Port & Sarasota give up on letting this natural wonder be over run with development. Mr. Ullman and his "group" are not very popular folks in North Port, Port Charlotte, Sarasota.
imo
Knight Ridder/Tribune Business News
Jan. 22--NORTH PORT, Fla.--If the city's Comprehensive Plan amendments pan out, Golden Springs will be able to launch a master plan which includes a medical area, park land and entertainment for local residents.
Ed Ullmann, managing member of Golden Springs LLC, (his wife, Patty, and close partners own 65 percent of controlling interest) which operates the 81-acre resort and spa at Warm Mineral Springs, said he can't wait until the decision is final on the annexation of the spa and springs.
Sarasota County challenged the voluntary annexation of the Springs two years ago. The decision has been tied up in the court system and through the Department of Community Affairs in Tallahassee. The site was sold two years ago by long-time owners the Herron family.
The springs originated from several thousand feet within the earth's surface. A geological survey of the springs in 1994 states that the lake is part of a sinkhole with water that originates from the Gulf of Mexico and the Atlantic Ocean.
The site is the only warm springs located in Florida. The springs was owned by the Daley family, which was purchased in 1955. It was inherited by Mary Alice Wheeler, Fred Daley Jr. and Doris Herron.
Plans from the previous owners Sarasota Health Springs were to update the facilities near the 87-degree spa along with new health related developments.
Ullmann said he, his wife Patty and his partners are planning on continuing the improvements envisioned by the former owners. He said they will strictly follow the 325-foot buffer rule which says no development can be placed on the water's edge.
"We understand what a treasure we have with Warm Mineral Springs," he said.
While waiting on the annexation decision, Ullmann has been involved in a lawsuit against Golden Springs and La Jolla Cove Investors Inc., a California investment firm.
The firm alleged that it wanted the $435,000 loan payment from Golden Springs.
Ullmann said since the lawsuit, he has negotiated with the investment firm and has established a two-year repayment agreement with the company.
"Everything has been settled," Ullmann said. "We were very successful a couple of weeks ago in negotiating."
Ullmann said many of the ideas for the Springs have been held up because of the annexation.
"We have lost a lot of money over this," he said.
Ullmann also faced some adversity when a group of three to six fellow members of the 38 member/investors at Golden Springs LLC group wanted to take over the operation. Ullmann's attorney advised the group not to meet privately or change the locks at Golden Springs, but Ullmann said they did anyway.
"The problem is these weren't investors, but people who have given time and energy to this operation who wanted me out," he said. "I changed the locks back and haven't had problems with those individuals since then."
Ullmann said the small group was against his proposal to bottle some of the 9 million gallons of water produced daily at the springs. He also planned to develop skin creams and nasal spray using the water from the springs.
Ullmann said he would market them on the WMS Web site in health food stores and smaller markets. These plans are now on hold because members were concerned regarding the distribution of profits and organizational structure of marketing the products.
-----To see more of the The Sun, or to subscribe to the newspaper, go to http://www.sun-herald.com
(c) 2002, The Sun, Port Charlotte, Fla. Distributed by Knight Ridder/Tribune Business News.
(Voluntary Disclosure: ST Rating- Strong Sell; LT Rating- Strong Sell)
La jolla stock sale? 150000 shares filed 6-28-01
http://moneycentral.msn.com/investor/invsub/insider/plandet.asp?Pval=10023&Symbol=SEVU
(Voluntary Disclosure: ST Rating- Strong Sell; LT Rating- Strong Sell)
Golden Springs is another SCAM!
La jolla filed some large 144's for SEVU stock? la jolla owns Golden Springs LLC, As you can read....
Ullmann, his wife, Patty, and close partners own 65 percent of controlling interest in Golden Springs, which operates the 81-acre resort and spa at Warm Mineral Springs
Sarasota County challenged the voluntary annexation of the springs two years ago. The decision is still tied up in the court system.
While waiting on the comp plan and court battle with the county to end, Ullmann was involved in another lawsuit against Golden Springs filed by La Jolla Cove Investors Inc., a California investment firm, demanding a $435,000 loan payment from Golden Springs.
Ullmann said since the lawsuit, he has negotiated with the investment firm and has established a two-year repayment agreement with the company.
How much of the "equity" In Golden Springs did SEVU take a loan out for? Golden Springs is a LLC and owns a 'lease' to the property. Ullman will cancel leases at his will appartently and your 20%
The springs are an awesome piece of land, It will be a monster money maker, However, Golden Springs LLC wont be the one making any of it, Many many more years of lawsuits until the ground is broke. Many more twists and turns with SEVU left, Looks like they are 20% liable for debts and lawsuits on Golden Springs? La jolla gets more stock to sell!
IMO
Peace....
Now this is SEVU NEWS! Lawsuit filed against Golden Springs
http://www.sun-herald.com/search/search.asp?showarticle=153193
Read down to the good part at the bottom! here it is for you blind folks.
While waiting on the comp plan and court battle with the county to end, Ullmann was involved in another lawsuit against Golden Springs filed by La Jolla Cove Investors Inc., a California investment firm, demanding a $435,000 loan payment from Golden Springs.
Ullmann said since the lawsuit, he has negotiated with the investment firm and has established a two-year repayment agreement with the company.
Looks like the "gift" was RLM was actually used to secure a loan from La Jolla? Interesting!
STORY AS FOLLOWS
2/28/2002
Lawsuit filed against Golden Springs
NORTH PORT -- The water at Golden Springs, formerly known as Warm Mineral Springs , is getting a little warmer.
In a lawsuit filed last week in the 12th Circuit Court in Sarasota, Bioluminescence Institute Inc. is suing Golden Springs LLC, and managing member Edward Ullmann, for breach of a lease agreement for an unspecified amount of money.
Ullmann, his wife, Patty, and close partners own 65 percent of controlling interest in Golden Springs, which operates the 81-acre resort and spa at Warm Mineral Springs.
Court records show Bioluminescence Institute was leasing a building at Golden Springs for proposed on-site diving activities, a full-service hyperbaric ride, diving school, diving rental and sales center.
Bioluminescence president William Delp established the 10-year lease with Golden Springs in November 2000.
In the suit, Delp claims Ullmann canceled the lease a year later. Records revealed he wanted to remove the "valuable equipment" from the springs; however, he made several unsuccessful attempts through his lawyer.
In a December 2001 letter from Ullmann to Delp's then-lawyer Thomas Woolley Jr., Ullmann said Golden Springs "will vigorously defend its position to terminate" the agreement. "We are confident that we are acting properly under the terms and conditions of the agreement," he stated.
Ullmann said Delp should contact him to remove his equipment.
"Golden Springs does not want the continuing image that it is going to have an on-site hyperbaric ride or diving school under Mr. Delp's leadership," he stated.
The lawsuit claims that Ullmann was removed as member-manager of Golden Springs on Nov. 14, and that Ullmann "continuously threatened and harassed" Delp. The suit also requests that a permanent injunction be placed against Ullmann if the court determines the lease agreement is still in effect and he can use the facilities.
In an earlier interview with the Sun , Ullman said Golden Springs was waiting on the city of North Port's comprehensive plan approval to launch a master plan which includes a medical area, park land and entertainment for local residents.
The city annexed Golden Springs into the city two years ago. The state Department of Community Affairs in Tallahassee approved the comprehensive plan amendments earlier this month.
The site is the only warm springs located in Florida. The site was owned by the Daley family, which purchased it in 1955. It was inherited by Mary Alice Wheeler, Fred Daley Jr. and Doris Herron. The Herron family sold it to several investors, including Ullmann.
Sarasota County challenged the voluntary annexation of the springs two years ago. The decision is still tied up in the court system.
Ullmann said he and his partners are planning on continuing the improvements envisioned by the former owners.
While waiting on the comp plan and court battle with the county to end, Ullmann was involved in another lawsuit against Golden Springs filed by La Jolla Cove Investors Inc., a California investment firm, demanding a $435,000 loan payment from Golden Springs.
Ullmann said since the lawsuit, he has negotiated with the investment firm and has established a two-year repayment agreement with the company.
E-mail: eallen@sunletter.com
By ELAINE ALLEN-EMRICH
Staff Writer Email this story to a friend or relative
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Publishers of the Sun Herald newspapers & Venice Gondolier newspapers.
SAD state of affairs SEVU
Very SAD! No news, No money, No filings. SEVU is about one lawsuit court date away from bankrupcy!
Patents are worthless and NOT exclusive
Product is a toy and not reliable
Product does not have mass market appeal
Marine division under great deal of competition
Company has NO cash
Company is paying bills with shares
Dilution has and continues to eat away equity
The list goes on and on, Same ole SEVU ! Getting yglier by the day.
All the supporters can do is make personal attacks. Nothing left to stand on!
How are those .10 shares looking now!
Man o man you shareholders got the bum end of the deal still! Even at a 1.75 a share you gave up 10,000,000 at .10!
LOL
IMO
JGP
I got paid to NOT POST!
Oct 1
Secureview = Great Product?
What?! Printmail thinks this is a great product?
Secureview, if it works as advertised, looks like an awesome product in light of the recent attacks. I can picture one in every plane, train and automobile never mind houses and commercial buildings. The market is huge if this thing works!
Why does'nt Printmail buy SEVU stock?
We all know the answer to that one! SEVU management has raped the company time and time again, Look at the long list of blunders! No one will make money on SEVU except RLM and insiders. That is my opinion!
Great product, Great potential, HORRIBLE MANAGEMENT! No one will ever buy SEVU stock with this team in place!
Happy Posting!
IMO
JGP
Secureview patents are WORTHLESS!
not Exclusive AT ALL!
http://www.wire21.com/ (The OWNER of the patents)
The following patents have been issued to Wire21 to date:
1. US Patent No.: 5,351,272 issued on 9/27/94 covering high speed LAN communication over power lines.
2. US Patent No.: 5,559,377 issued on 9/24/96 covering the coupler technology for all electrical line communication applications.
3. US Patent No.: 5,592,482 issued on 1/7/97 and 5,625,863 issued on 4/29/97 covering video distribution over power lines and the remote control feature to change TV channels.
4. US Patent No.: 5,717,685 issued on 2/10/98 covering the coupler technology for all electrical line communication applications.
5. US Patent No.: 5,818,127 issued on 10/06/98 covering analog and digital video over AC and DC power lines.
6. EPO Patent No.: 0 470 185 B1 issued on 11/29/95 covering the physics concept of the coupler for all electrical line communication applications.
http://www.sevu.com/patents.htm (licensee of patents)
ANY COMPANY CAN LEASE THESE!
Patent #
Issued Date
Description
5,351,272
Sep. 27, 1994
Signals over electrical lines
5,559,377
Nov. 29, 1995
Power line communication appar.
5,559,377
Sep. 24, 1996
Transformer coup
5,592,482
Jan. 07, 1997
Video distribution system using in wall wiring
5,625,863
Apr. 29, 1997
Video distribution system using in wall wiring
5,717,685
Feb. 10, 1998
Transformer coupler
5,818,127
Oct. 06, 1998
Video signals over various lines
6,023,106
Feb. 8, 2000
Power line circuits and adaptors
6,104,707
August 15, 2000
Signals over various lines
LOOKS LIKE SEVU HAS ONCE AGAIN LIED TO THE INVESTING PUBLIC! SEVU WOULD MAKE YOU THINK THRU THE FILINGS THAT THEY OWN OR CONTROL THE PATENTS. NOT TRUE, BOLD FACE LIE!
JMHO
LOL
HAPPY POSTING ----
JP
RLM
Please post some links to your claimed technology from this post. This board is tired of your endless babble and worhless claims. Please post a link to the site that details this new system or better yet a system in place that functions as you say here. Maybe a testimonial? LOL!
RLM you truly are a sales man, I read your posts and you never tackle an issue just mkae more questions.
Investors, Friends, Family & bashers alike are long tired of your babble! You have zero credibility here, On the island and as I hear from your employees as well. Please stop posting! You make the company and yourself look dumber with every post. You open yourself to the smack down with every post.
Please post some facts or DONT POST AT ALL!
JMHO
JP
Here Here Bill Branum
I second the Opinion!
I dont even have the heart to rub it in anymore....
Peace.....
JP
Now let me get this straight.....
Im a little confused, Imagine that!
RLM borrowed like 500k from SEVU. Paid back some but not all, like 277,000 was left?
OK, RLM sells his persoanl shares to SEVU for .71 each to pay back the loan. he then he takes the loan money and buys more shares for .10 each?
Now guys in St. Pete, I want you to look at the St Pete skyline, Is that G3 & RLM hoisting up the biggest red flag in history to the top of the Rebublic Bank building! It has to take at least 2 to hoist that big Bietch!
Happy Posting!
JMHO
JP
I hear you FG.....SAME HERE ...
I have ALWAYS stated they had good products. SEVU can be a good little company, maybe never a 180,000,000 comapny but a good little company none the less. RLM has a need to lie & cheet. That is obvious now to you, It was obvious to me long ago.
RLM is fleecing SEVU at an alraming rate. If the shareholders do not stop him and get this PP reversed and his actions pout in line YOU ALL WILL LOSE!
Tell me how I can get the list of shareholders of record? I am sure it is public record? The transfer agent? I propose a simple postcard mailing to the shareholders of record leading them to a website to post concerns or getting them info to report ot the SEC or Class action suit. I will pick up the cost, You make the website, Maybe an RLM only website WITH FACTS!
See FG the only problem I have with SEVU is RLM and BoD! They are fleecing innocent shareholders. I can help END IT!
PEACE.....
P.S. - I am not a shorter or related to shorters in ANY way, I am looking to get RLM to quit ripping off innocent investors. I have a friend who tanked 10 g's he did not really have into this scam, needless to say his wife left him and he is broke! Dumb ass!
FG pm me your email address........
I have a few idea's to smoke out the fox with the 1288 shareholders, On me pal!
I need a little FG help....
Peace...
proxime.....
this is my opinion on the matter.
'see him as an individual who does not care about SEVU's future and is only seeking to extract whatever dollars he can"
SEVU is small and growing Ham n Egg company, RLM is a Fillet Mignon & lobster taste, So instead of hard work and a few years of small pay? SCAM the shareholders, Take the cash then dillute the thing to no end!
IMO of course!
JMHO
JP
Get em FG!
This guy is GOOD!
jmho
Good Factual Post!
Good to see a TRUE SEVU long express solid FACTUAL information. I must admit me and FG never really saw eye to eye but as of late I believe he has seen the light!
What I like about FG posts even Shamus posts. SEVU does have good products. SEVU can be a good little company. The problem is RLM and SEVU would rather make a killing on stock thru questionable means instead of working to grow this little company. IMO the management is not looking at the products or future they are looking to make a killing off gullable investors. IMO of course.
What about the last PP! RLM took all the money, Now he pays back in shares and gets more shares cheeer to replace them! WOW!
HUGE RED FLAG!
Happy Posting!
JMHO
JP
Then back to .10 when the restrictions come off!
Way Way to ugly to even Tout about "Allthat" ! We are talking 17 million shares at .10!
Tell me about the restrictions?
who got shares?
How many shares did certain folks get?
Time line?
Tout is you will, You make yourself look stupid!
JMHO
By: printmail01 $$
Reply To: 41451 by YesItsTrueII $$ Friday, 17 Aug 2001 at 10:02 AM EDT
Post # of 41471
RLM loves PRINTMAIL01!!!!!!!!!
"Bring Printmail back, he at least had conviction and
never wobbled on his course. "
I am back on iHUB abnd RB, I got something special planned for the weeknd RLM & SEVU posse! I actually made some things happen !
Stayed tuned!
Lets ALL be real here.......
ALL of you longs crowed about the PP when it was announced, Managenment is backing the company!, Insiders are confident!, This is great news!, etc. etc.
Now we see what the TRUE value of SEVU stock is worth. Insiders and Management who know SEVU much much better than any of us do have valued SEVU stock at .10 a share, And to top it off they only had to put 20% down. I am intersted in the time till restrictions come off and registration of shares begins.
Think about a year from, if that is the restriction time, The market will be flodded with 17 million shares at .10, You all know what will happen, SEVU will be sold by the boat load! With a .10 cost basis bought on a 20% down SEVU is now destined to be in the below .25 range for years to come.
The 20% down is the kicker, Managenent is saying we dont even like the shares at .10! We want them in efect at .02 each! Now if that is not the worst thing this company could have done.
For once, I am with FG, His posts the last 2 days are right on the money, I am sure he got burned by the posse as much as anyone, All of you insiders posting here need to watch out, Govern yourself accordingly! SEC is watching!
Thanks George & Rich! You finally have vindicated me and my posts!
Long live Truthful PR & SEC filings!
JMHO
JP
Here's how Rich is SELLING his shares:
DISCLAIMER:
The following analysis is based on the Form 10-Q for June 2000 and the Proxy statement filed earlier this year. It is my opinion based on the facts of the filings, and my interpretation of what is written therein.
The Q says the following:
Item 5. Other Information
Affiliated Transactions
On August 23, 2000, the Board of Directors approved the issuance of 471,425 shares of restricted Company common stock in the form of a loan to an individual then serving as an officer of the Company. Pursuant to the terms of the loan, the officer would borrow 471,425 shares of restricted Company common stock, for purposes of financing. The term of the loan was 180 days.
So let's look at this. Rich is borrowing 471,425 shares of stock for financing. Note that Rich is the borrower in this transaction.
The filing further states:
To consummate this loan transaction, on September 20, 2000 the Company issued 471,425 restricted shares of Company common stock to a non-affiliated individual. On April 10, 2001, the borrower repaid the loan by returning to the Company 471,425 restricted shares in SeaView common stock from his personal holdings. The Company cancelled those shares on that date.
Here's the crux of the deal. The company doesn't give the shares to Rich, they give them to a non-affiliated individual. For argument sake, I'll call that individual John Doe. So John Doe now has 471,425 shares of SEVU stock that he can't sell for a year. Well, he's not going to do this for nothing, so he tells Rich, I'll give you $0.25 per share and hope the price goes up in the next year. (note that $0.25 is strictly for argument sake only). Rich takes the $117,856.25 (471,425 shares times $0.25) and pockets the money. Now he has to repay the loan, and simply gives the company back some shares he previously had acquired. That is what you call a sale. Indirect, yes, but a sale nontheless. You have to note that the company said the borrower repaid the loan, NOT the non-affiliated individual. All interest free of course.
The Q further states:
At an October 2, 2000 special meeting of the Board of Directors, the Board approved the issuance of 25,000 shares of restricted Company common stock in the form of a loan to an individual then serving as an officer of the Company. Pursuant to the terms of the loan, the officer would borrow 25,000 restricted shares of Company common stock, for purposes of financing. The term of the loan
was 180 days.
To consummate this loan transaction, on October 3, 2000 the Company issued 25,000 restricted shares of Company common stock to a non-affiliated individual. On April 10, 2001, the borrower repaid the loan by returning to the Company 25,000 restricted shares of SeaView common stock from his personal holdings. The Company cancelled those shares.
This transaction is the same as the one above. Note that the completion of these deals came at the same time the note was repaid to the company ($235,000). Looks like this may have been how it was done.
Also note that the Proxy was trying to be cute, and that this deal was done after the date of the proxy so to not tip anyone off as to the fact that Rich is selling shares. He's not buying, he's selling people.
http://ragingbull.lycos.com/mboard/boards.cgi?board=SEVU&read=41203
Yes, there are now 35.5 million outstanding shares of SEVU. If you read the P&L in today's 10Q, you will note the following entry:
Receivables from sales of stock $ 1,385,450
If all 17 million shares had not been issued as you imply, that entry would not exist.
Hope that answers your question. http://ragingbull.lycos.com/mboard/boards.cgi?board=SEVU&read=41202
Have you ordered the Quarterly report yet?
Were is that bad boy! Talk about shaking investor confidence! Every quarter, ever time, SEVU comes down to the wire with the filings! So much for the money on a CFO & financial software!
Here is what I am interested in:
LOAN by officers finally paid back?
SHARES for the Spring finally paid back
PP from management as promised in PR and here done
Cost, if any, for LEGAL FEE's on Class action and or SEC investigation.
Further dillution for Services rendered or a PP
Amount of loss for the quarter and 6 months
How samll revenue for the quarter and 6 months
Any word in filing on "back log","Exclusive Patents", "Class action", "SEC investigation"
FFFFFEEEEEWWWWWWWWW Thas enough for now....
MORE QUESTIONS AND NO ANSWERS FROM THE LAST FILING!
WOW! Talk about a waving a huge red one!
JMHO
He posted his mumbo jumbo all over the thread....
Go look at his archive, He was posting something like, if only a certain percent of this was that and lost so little this then SEVU only owes like 10 bucks or something.
Typical Bigbizz post, He has SEVU paying out like 10 bucks on the class action, I am sure it is still active, Check his archive, I dont!
My point is that if you post without knowing the facts and it is good for SEVU it stays, Post assumptions bad they get deleted. They call that collusion in some circles!
Impossible to even guess an estimate!
Now why did'nt you post that in the first place FG! You have absolutely NO IDEA how much money SEVU is looking at losing! While you are at it why not give BigBizz the same speel? He is here touting numbers about it? Have you deleted his posts or warned him ? It seems if you post a small number on the class action or that it will end with no action the post can stay NO PROBELM. But, If you think on the other side of THE UNKNOWN it gets deleted?
Chairman I ask for you badge! You are failing misreabley in your duties as chair! It is embarrassing to the thread and I am sure iHUB as a whole!
MHO
JP
OK cut it in half FG!
Per original post:
SEVU share volume over Class period
April 2000 = 530,600 shares
May 2000 = 312,600
June 2000 = 663,800
July 2000 = 438,000
August = 399,200
September = 791,600
High Price = 12.625
Low rice = 9.125
Total Share Volume over Class period = 3,135,800
Average share price over the period = 10.875 (FG math)
TOTAL ESTIMATED DOLLAR VALUE OF CLASS PERIOD
3,135,800 @ 10.875 = $34,101,825.00
http://moneycentral.msn.com/investor/charts/charting.asp?Symbol=SEVU
FG says cut it in half, No 2.5 or better than half, FG math makes the estimated dollar amount of the Class period ?
$ 13,640,730.00 per FG math and post (2.5)
Now you tell me????? How much CASH does SEVU have on hand?
Happy Posting!
PR maybe not, 8K most definitely!
Here is the Class action all rolled up in a neet little PR.
http://biz.yahoo.com/e/010319/sevu.ob.html
March 19, 2001
SEAVIEW UNDERWATER RESEARCH INC (SEVU.OB)
form 8-K
Item 5. OTHER EVENTS
SeaView Video Technology Inc., in preparing its review of financial condition
and results of operations for the fiscal year ended December 31, 2000, has
determined that inaccuracies exist in the Company's unaudited financial
statements for the quarters ending June 30, 2000 and September 30, 2000. Those
statements, previously filed with the United States Securities and Exchange
Commission, were part of a review of fiscal year 2000 undertaken by the
Company's newly-hired CFO. The inaccuracies occur in the recognition of revenue
as related to certain purchase orders received by the Company in connection with
its products. While the Company has not yet determined the full extent of the
inaccuracies, it is believed they are likely to materially affect the Company's
revenues and, consequently, its income, assets, and equity for the reported
periods, and the subsequent year-end statement.
The Company is working diligently along with its accountants and auditors to determine the scope of necessary financial restatements. The Company further intends to provide additional disclosures concerning this matter through appropriate filings with the Securities and Exchange Commission on a Form 8-K, on amended Forms 10-Q, and in the Company's Annual Report on Form 10-K for the period ended December 31, 2000.
SEVU share volume over Class period
April 2000 = 530,600 shares
May 2000 = 312,600
June 2000 = 663,800
July 2000 = 438,000
August = 399,200
September = 791,600
High Price = 12.625
Low rice = 9.125
Total Share Volume over Class period = 3,135,800
Average share price over the period = 10.875 (FG math)
TOTAL ESTIMATED DOLLAR VALUE OF CLASS PERIOD
3,135,800 @ 10.875 = $34,101,825.00
http://moneycentral.msn.com/investor/charts/charting.asp?Symbol=SEVU
Now tell me about this story about 400 shares or something? Looks to me like any and ALL of the 3 million plus shares above are eligible for REPAYMENT!
Per the 8k:
http://news.moneycentral.msn.com/sec/all.asp?Symbol=SEVU
JMHO
TOTAL BUNK FG!.....
You assumptions lack any credible basis or FACT! You know as well as I do that you have absolutely NO IDEA how many shares the 7 represent and the 7 is not the determining factor to GRANT THE CLASS ACTION! You know this post to be false, I know it and I am sure the "real" non SEVU employees that post here know it!
SEVE issued FALSE PR over the wire and FALSE FILINGS TO THE SEC over a period of 6 months +/- last year. SEVU must now COMPENSATE any one who bought shares over the CLASS PERIOD! SEVU has already admitted to the SEC filings VIA the 8k, The SEC has launched an ongoing investigation into the PR and filings as well.
Get real FG! I guess you are jealous that I called Gotin & Bigbizz lead touts on the board? Have to live up to that reputation FG! You posts are slipping badly!
JMHO
SH I am not going to tangle with you......
You post fairly square stuff, usually not to much tout in you, If you read the post from Gotin he is implying the class action is dead along with a few other non factual items from a few other posts, mainly the revenue recognition theory he has been seeling here for a month or so.
I have not seen you post such non sense or lets say TOTAL BUNK in order to further your personal POSITION.
Opinion is what this board is about, My opinion is this board is full of posters attempting to manipulate the stock for personal gain, Gotin & Bigbizz seem to be the 2 leaders as of late. Do you read Bigbizz posts? He has a right to post, however, I have the right to call it TOTAL BUNK PIE IN THE SKY MANIPULATION!
JMHO
SEVU = ACCIDENT?
PLEASE CLARIFY......
Good post BillB......
I assure you and the board the threats by RLM mean absolutely nothing to me. I will continue to post what I want when I want to and on whatever topic I please. I respect Matt and the iHUB TOS. If you have noticed my posts do not get deleted most of time, I do go over the edge sometimes, But in majority Admin restores my posts.
I understand the board has lost tons of money on this stock. I will attempt to keep that in mind.
You raise so many unanswered questions, Do you ever think RLM will answer a question or just post more questions. Ever notice he just disregards the question he himself started? He then posts and makes like 5 more questions.
RLM is upset because My Personal Opinion of the SEC investigation. It is my opinion it directly relates to FRAUD. Fraudulent filings, Fraudulent PR,Fraudulent payable figures. It is my opinion alone.
Now lets get this right, SEVU filed fraudlent revenue figures and filed fraudulent payable figures to make the revenue look real. Now come on board. If the revenue was a mistake what the heck is cooking the payable file about!
Now that is a HUGE WAVING RED FLAG
JMHO
JP
Can you prove it is over!
Show us some proof the probe is over Bigbizz or delete and or retract the post!
Again, I am not getting into it here. Meet on RB.
Facts about what?
Fraudulent revenue filings?
Fraudulent PR over the wire?
Tell us bigbizz what are they looking for?
I am not going to get into a pissing match here on iHUB, I will on RB if you like, Matt has this board with a tight TOS. I am going to repsect that. Bigbizz you post soooo much stuff that can not be verified stuff you know the board knows is total LIES! Give it a rest!
IMO
Matt you have mail.eom
LOL from RLM!
Sent by: Rich McBride
Date: 8/3/2001 10:10:14 AM (ET)
Printmail
It has been brought to my attention that you continue to
use my name RLM and statements of “Your Leader”.
You also feel you have the right to modify the United
States Governments, Securities & Exchange
Commissions Non-Public Investigation into a fraud
investigation.
In fact your use of the word fraud is questionable
in several areas. I have given you advance warnings
in the past about crossing the line.
I’m going to recommend to SeaView Management
that they pursue litigation against you. I will join
that process. You may think that you can post
lies under the protection of the First Amendment,
but I suggest you seek legal advise.
Please inform your lawyer that you have admitted
your intentions are to bring SeaView and me
down. You also own zero stock.
We are aware of who you are. I would take the
words Govern Yourself Accordingly very
serious.
Rich McBride