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RLM response to the 8K?
I have seen RLM post here in the past. Has anyone seen or heard from him since the 8k came out? I would like to hear his explanation. This ALL happened under his watch? Maybe he can shed some light onto the subject for all of us. Was he intentionally misleading with the numbers, or, Is the new team optting to recognize revenue in a different manner?
He has freely posted lots of stuff here for us all to enjoy. I would like to hear his View from the bridge on this very serious charge of misleading not only investors but the SEC?
Please post any links to a RLM post or any info on RLM view of the 8K.
Peace...
That is what I do!
I know you all read RB, I post under printmail01 on RB, I get my steam off on RB, I come here to try and keep the balance up. Very tough line to walk sometimes, I enjoy getting off a good post here and not having it deleted! Takes some skill?
Peace!
Now Scarlet
If you leave, we have to deal with F+G and the bulldop guy! Come on girl hang in there, WE NEED YOU ! at least you seem to have a pulse! hehehe
Quittin Time!
Peace.....
What is the topic !!!!!!!!!!!!!!!!!!!!!11
Man o man! You are so right Seahag, This board needs a topic or some direction!
As long as we are talking about deleted posts:
My first few posts here were very shaky, shakier than than the last few If you can believe that, anyway, I was really upset at having my post deleted. I made a whole lot of noise about it, Then, I pm'D Matt the admin guy, He gave me some pointers, I did some reworking of deleted posts and BLMAO, He restored them. I even had 2 posts F+G deleted in haste reposted by Matt after further review, without any reworking! Now that was a defining moment for me here on iHub! Yes, this board is biased towrds SEVU, Yes the chair & directors can delete posts without actually being in violation of TOS, You have to really lobby Matt if you think you have a legit post deleted unfairly. It is not a board for everyone, BUT, If you watch your P&Q's and dont make personal attacks, you can post the bearish side here. It is a strugggle and not always fair, BUT, It can be done. I am typing proof that even the worst of posters can make it hear!
which brings me to the VIEW emails.
I can tell you that I did post them on RB a few months ago, I got slam hammered for the content, Not the replies from View but the way I kind of slammed SEVU and more or less coached and unfavorable response from them, Yes, even posters like me can get the reponse a poster like Bigbizz or Cassio13 gets, only on the other side of the coin! I will repost on RB in the morning. I will post a link here for all that are interested. I did not lie, But, I did not offer View the NON sugar coated version of SEVU, I can asure you of that!
Again...What is the topic! AAAAAAAAAAAAAAAAAAAAAA!
Peace
Yes, I have it Seahag, The problem?
I dont think the board will approve of the contents, not the reply by View, but the way I emailed them, I actually must have been on one of my die SEVU die kicks that day. I had sent them an email about SEVU that they responded to, My original email was not in any way lies, however, it was full of comments I am sure you will delete right off the bat?
Maybe I should edit out my part? The problem is the context of the reply may be out character without the backround?
Let me do some edit to it & put some more thought into it, I'll post soon!
Peace.....
When was the last time RLM posted here?
I have a feeling, IMO, We wont see him around here for awhile. I dont think he has the nerve to post a message on a board of longs he has mislead so badly.
JMHO, RLM has posted his last message here, at least, under the real name RLM.
Peace.....
Do any other have a problem with iHub website not responding in a timely fashion? sometimes it seems to hang up on me and just not move very fast?
Frustrating!
Baker & Company in Sarasota FL
They have rules. Stock must be at least 5.00 per share is one. They have a bunch of other criteria. I had heard from a friend about them, I called a few months ago and they would not let me short SEVU. There is a float rule, A market cap rule & I believe an average daily volume rule. To many rules, SEVU did not fit any of them at the time, This was like late December early January.
Good Luck
Peace
Price varies
There core technology is a digital recorder, not a camera alone, Thet offer a camera and digital recorder combo, You can store days worth of video on one DVD type of disk, as I understand it, You can use almost any camera you want, They even told me that you can use a SEVU secureview camera to hook up to it.
The systems are very expensive types, I think I saw the top of the line system with CAM, PC, Software & digital recorder was over 2000.00, They have many types of systems.
Again, there core product is the digital recorder, not the cam alone.
Peace!
How many shoes have dropped so far Bill B?
I have a feeling that SEVU is going to be barefoot before long?
Keep posting Bill B ! Let us know when you have that shoe ready?
Peace
Seahag, I will have to
edit the email, being it has my real name and email address, my work email that is, I will attempt to edit and post for all to see in the morning, I am sure I still have it in my saved folder, It was almost 2 months ago or more now.
I had posted this topic on RB when I first found this company. As I said the email is kind of evasive regarding avenues VYST has available to them. I got the impression they have heard about SEVU before.
I will post it in the AM !
Peace
FrankNG, Heathbar
http://www.viewsystems.com/html/rm444.html
Here is the link to viewsystems, They use the secureview trademark for a security camera. I had spoken with the company a while ago about it and they claim they have used the secureview name and trademark longer than SEVU has been in business. They are only recently public OTCBB VYST.
The email I received from them made overtones of possible action against SEVU, they do not like the stigma SEVU can cast on there product. VYST has sold systems to schools, police & government agencies.
Trademark law, from what I gather, Is very tricky business.
Any other info on SEVU trademarks and the relation to VYST would be appreciated!
Peace
I meant new topic F+G
New topic, Not a new "thread" like we have here. I like this board! Soory bout that!
I wanted to raise the topic of dilution with the board. The debenture debacle, PP's, REG S and so on. IMO this is the next big issue for SEVU. It has been a long time since we had a filing, I think we have some dilution to speak about soon. The new Team, I am sure, Will be very forthcoming with the facts on issued shares. If today's action is any indication SEVU may actually on the way to being a real company. I just hope they can out last the funk RLM has left.
What is an acceptable level of dilution ?
Peace.
F+G, Bulldop
Seahag was kind enough to share her opinion of todays events, as hard as it may or may not be, I, and most likely your board, would like your input as well.
Partial original post as follows:
The board is way to full of posts, I would like the Chair & Directors opinion of the 8K filing, I actually think you guys have some valid points.
Please Post your opinions on today's events.
Peace
Never buy a stock from info on a BB!
Good point Seahag, I have posted this myself many times on RB.
I must however disagree with you on the personal responsibility, SEVU has obviously mislead investors with innaccurate filings, I buy stocks from the filings, I think we all do. If in fact they lied and "cooked" the books, then ALL shareholders over the period in question are DUE financial compensation from SEVU.
Will they get any is the question, I have read the filings, They have NO MONEY! Will the blood sucking attorneys try to get some? YES! They will go after RLM, & ALL involved parties. They may even take the entire company into receivership or similiar. IMO
A waste of time, Maybe, but lawyers just love to waste TIME!
Peace!
Heathbar, SecureView Trademark?
Well, here is a company that has a security camera, A good one as well, They claim the Trademark on the name "SecureView" camera, If your post is accurate, than either SEVU or Viewsystems is violation of the trademark?
From the webite of Viewsystems:
View Systems introduces SecureView™, a digitally recorded, remote monitoring system that allows you to view your existing Closed Circuit television (CCTV) system from any location in the world.
Using standard telecommunication lines, SecureView™ provides you with the flexibility and peace of mind to maintain your business operations from anywhere. Across town or half way around the world, you're only a phone call away!
The SecureView™ Solution
The website as follows:
http://www.viewsystems.com/html/rm444.html
If what you say is correct, SEVU or Viewsystems, has a problem?
Please advise, ANYONE?
Peace
Im with ya Seahag
The addition of the CFO, COO & new CEO was prob the best thing that ever happened to SEVU. Well, Getting rid of RLM was the best thing IMO, The new team just highlighted this!
The only hurdle I see is can the New Team, and SEVU for that matter, overcome the RLM funk, I know new investors will not be easily brought into the stock, Financing is going to very hard now, and a host of other stigmas that come along with reposting numbers.
The letter on the website seemed to elude that the numbers will be ontime, If they are not, I have a feeling that we will test the low.
I read a post from I believe F+G that said attorneys would not pick at the bones of SEVU with a class action, IMO that is what attorneys do, What is your thoughts on a Class Action suit? SEVU does not have the money to battle the slimey lawyers?
Thanks for the reply, Good Luck!
Peace.....
F+G, Bulldop, Seahag
The board is way to full of posts, I would like the Chair & Directors opinion of the 8K filing, I actually think you guys have some valid points.
Please Post your opinions on today's events.
as well,
I am going to start a thread regarding dillution later tonight, I think now we must realize that all RLM has said in 2000 can not be trusted, I have a feeling that, IMO, REG S shares, PP's, & of course the debenture bebacle has caused serious dillution since the last filing. If you would like to touch on your feelings about dillution I would greatkly appreciate your views before I post my opinions on the thread.
Peace
Gotinearly, DK76, HeathBar,
Others...http://biz.yahoo.com/e/010319/sevu.ob.html
Looks like its time to start paying for RLM accounting methods 101!
OUCH!
"E" is next in my opinion!
Happy Posting!
I need to read the 8k in its entirety, I will post my opinions tonight!
Have a great day SEVU longs! Govern your investment accordingly!
Goodnight Seahag
I have a huge day tomorrow, Im going to sleep. Not only do I have a load of work to do, I have to post on RB all day & night!
Printerman2 made some harsh threats about violence to me on RB tonight, I have to make sure he lives up to his billing LOL
Good Night!
Ditto, We do need an ignore button.
I only needed to read your last 3 posts to know what you are all about.
SI? No, Is that the a@p board? I heard you have to pay like a few hundred bucks to post?
Lets see, I knew about SEVU? When they ran an add in FS over like 2(?)years ago, Little Black and white ad, I actually bought a cam about 17 months ago.
You just cant stand to admit that RLM has inserted foot in mouth, AGAIN, After all of the mess the last few months over "projections", you get a clean slate, New Team, and within one month BLAMO.....Unrealistic projection...OUCH?
125,000 in net profits, yes I said net. per show! LOL
Peace (?)
HeathBar
Have you been under a rock? Do realize the real loses the PR from the last 18 months have caused this board alone? The projections made by RLM have caused severe errosion in investor confidence.
It was published as a projection, On the company web site, By the largest shareholder & obviously backed my mamagement. In a public forum for ALL to see.
McBride has more riding on SecureView than any one in the world! If he does'nt sell a single camera it will have a huge effect on him persoanlly as well as the company.
Seahag, has said it in a nutshell, Dont make projections you cant live up to, If It becomes a failure you pay a big price. If they do sell loads of them at the shows then it is a huge success, an unexpected huge success, I have watched stocks shot up 100% in a day from unexpected positive revenue results.
IMO (?)
It is a FREE country
and if RLM keeps opening mouth & inserting first ammendment you all will see .50 if not SEC sanctions IMO
The claim of 125,000 net profit, yes net profit, per show for 20 shows is ridiculous. I understand you have to post for your cause, However, You should also inform management not to get you back in the boiling water you just got out of!
Wishes(?)
Seahag, I will take that as encouragement.
You have read my RB posts, You see how I post here, I am trying to be a real poster and not just a name caller.
I will take it under advisement, I do like your point of view Seahag. Good stuff!
Regards(?)
Well Seahag
Read the reponses to my last 10 or so posts, Not only are the replies full of personal attacks, they have contained condesending remarks about my education, and lack of clout and or business ownership.
As for RB, In a post earlier, I beleive the chair himself(?) Has made the statement that posts from the other board should not be any reason to attack here or make assumptions here on IHUB.
I do not like public companies using misleading PR & Posting on message boards to pump up a stock price. I can only imagine how many innocent investors got hurt by buying SEVU at 18 - 20 a share by reading the flow of mis-information disseminated by SEVU over the last 18 months.
Happy Posting !
Well Seahag
Read the reponses to my last 10 or so posts, Not only are the replies full of personal attacks, they have contained condesending remarks about my education, and lack of clout and or business ownership.
As for RB, In a post earlier, I beleive the chair himself(?) Has made the statement that posts from the other board should not be any reason to attack here or make assumptions here on IHUB.
I do not like public companies using misleading PR & Posting on message boards to pump up a stock price. I can only imagine how many innocent investors got hurt by buying SEVU at 18 - 20 a share by reading the flow of mis-information disseminated by SEVU over the last 18 months.
Happy Posting !
Thank you Erue
Again, I guess I am just a good ole boy from charlotte county trying to post my views with all you big shots!
Happy Posting
Listen Heathbar
Save the personal attacks for someone else! Ever try RB?
My point is that The company website contains a statement that this spring they are projecting to do 20 home shows with a net profit of 125,000 per show, yes I said net. Lets' say John Q. Public is doing some DD on SEVU at the website, He reads this, Says WOW! That is more profit in the shows alone than they did all of last year!
In turn affecting stock price VIA a unsubstantiated claim made by the largest shareholder. DU!
Does that sound familiar? Have you ever read a VIEW FROM THE BRIDGE or The PR from RLM? Statements like this one are the main reason the stock has tanked! DU!
Read the Chairperson's Header here, F+G has even posted about the misleading PR in relation to the stock price!
I know this is not a PR, however, It is a company backed statement, On the company website, Made by the largest shareholder for ALL to see. DU!
Happy Posting
"125,000 net profit, Yes I said net"
The rest of the page was good, I guess. The claim of 20 shows and a net profit of 125,000 per show is the problem. Have'nt you guys took enough of a beating with the PR from the last 18 months. This statement regarding future profits, yet unsubstantiated, is the problem.
Happy Posting
Not a management statement?
Company website? Company employee, Largest shareholder?
So, The new CEO does not approve of this statement? RLM has the authority to post on the SEVU website without approval from management?
Your statement of selling the product this way is legit, It is a solid way to sell them as well as get the word out. My probelm is:
125,000 net profit per show, yes I said net " Very much reads like a SEVU PR of old?
Happy Posting
www.sevu.com
I was reading on the SEVU site today and read thru the "R&D Talk" I was under the impression that SEVU would no longer make pie in the sky reports? I got the feeling from this board and others that the New Team would only talk about actual contracts and happennings. Yet this is on the site:
"I’ve decided to take 500 SecureView Cameras to 20 Home & Garden shows this spring. I’ve found the product sells itself when demonstrated. We will talk with the consumers and get feed back. The 500 we plant will go into the neighborhoods and be viewed by hundreds of people. The result will be $125,000 in Net Profit per show, yes I said Net. But more importantly we will get the feed back to develop the future. Not to mention maybe sell a few more."
Now this has to make all of you longs just cringe. SEVU finally gets a new team, a new start, and within a month RLM posts this statement.
"The result will be 125,000 in net profit per show, yes I said net"
Smells like the same old SEVU to me? Company website, company employee, Largest shareholder? Who is running this ship?
New Team, Same type of statements?
Happy Posting!
Seahag I have noticed that you
have been more objective than the others. I for one am imopressed with the way you have handled to kill switch.
If this board is to remain an open discussion of topics, pro & con, then impartiallity must be maintained by the chair & directors, if not you will soon have the reputation as "Touts" and no real investor will chose this forum for DD and or discussion of topics.
Again, I have enjoyed the IHUB format and Your Impartiality on the sensitive issue's
Happy Posting!
ALL FACTS AND POSTS SHOULD BE TREATED THE SAME...
If it comes from the minority or majority, regular or newbie, ALL posts should carry the same weight, as to, deletion or point of view. Provided it fits within TOS.
If not than IHUB does have a censorship problem.
Happy Posting !
F+G
I like the IHUB format, Actually, I prefer it to RB or the others when it comes to "real deal" information.
I was trying to express my opinion of the current topic. It seems some folks as of late have been complaining about deletion. I thought I would offer my opinion as to why we are hearing the complaints. The posters may or may not be regulars and or bashers.
"Bread & Butter", "Regulars" now that is dangerous wording for a public forum. This is the type of thing that causes the complaining you have gotten as of late.
Happy Posting
F+G
You dont have to get your panties in a wad! I was using the header as an illustration as to why we have all of these posts, as of late, claiming biased deletion by the chair & directors.
Happy Posting!
Go ahead and make personal attacks DK76
I have never claimed to be an SEC guy myself, You know, as well as I do, There has never been an official SEC sanctioned shareholders meeting! No proxy, No meeting!
Happy Posting!
Shareholders meeting by PROXY?
Please tell us DK76!
Or is it OK, To use such misleading statements if you show SEVU in a positive light?
Happy Posting
F+G
The gripe from the others is about, You can make claims of:
*#*#* Comprehensive D.D on SEVU and Management *#*#* ???????
Shareholders Meetings - Never has been one
Sheraton Hotel Installations - No proof
The Board of Director was voted back in - VOTE ?
We also discussed the creation of a new division that will encompass inventions currently being developed that do not relate to the camera business... This new Division could later be spun-off into a new Company, while SEVU would retain a controlling interest and give current shareholders dividend shares in the new entity in direct proportion to their holding in SEVU... IS THIS MISLEADING OR WHAT!
F+G, Now If I was to make a post with say 4 statements that I could not back up or were misleading, that did not show SEVU in a positive light, HOW LONG WOULD IT TAKE YOU OR A DIRECTOR TO DELETE IT?
Yet, This header can remain?
I have found many other instances in the header, I am not trying to pee on your parade, or focus on the header, I am just illustrating what all of the talk about censorship and biased deletion of posts is all about.
HAPPY POSTING!
I agree DK76
When I post here I always keep in mind that the board is moderated and only post revelvant factual topics.
When I feel like doing some slam dancing on SEVU or tangling with the longs, I go to RB. (RLM has made it to easy in the past) If you notice the bashing has subsided since the PR stoppped flowing.
I like to use both formats!
Happy Posting!
The problem with IHUB
Is the chairman and others not practicing what they preach, The good thing about IHUB is the chairperson theory?
I took exception with the header here and was immediately crucified for it, The post was deleted. The header is full of mistruth's and unsubstantiated claims. I have watched posts be deleted for maybe one slight little thing, were as, the header for this board is full of mistruth's?
I have had posts' deleted and then reposted by Matt, He seems fair most of the time.
I do really like the NO personal attack thing. The longs on RB just spit out attacks when faced with unpleasant truths. Yes the sell side does it to, but, Everytime you corner a long no RB you get, drunk, mother, paid poster etc...
My opinion on the current thread related to censorship etc...
Happy Posting!