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This information about a "poor quality print job" is from personal first hand experience with the situation. I am not saying that either FG or myself have the first hand knowledge, but we got the information from the horses mouth so to speak.
I can not provide a link because it was a face to face conversation that I learned of this. I am not sure how FG learned of it, but this is very old news to this board about printmail01's background, very old news.
JMHO, TAfirehawk
I don't see where Assentor can help, it is an email monitoring package and doesn't appear to be involved in any stock trading activity watching, at least what is shown by the link.
Great idea, but not sure it will help us right now.
JMHO, TAfirehawk
PLEASE, anybody record these MM transactions. We need the evidence.
As I have stated many times before, I am currently pursuing legal action against various parties involved in the stock manipulation. I am an engineer and don't follow how these number games are played, numbers are either true or false, not this grey area to be played with.
If anybody wants to get on the mailing list of information, please send me your email via PM. They will NEVER be given out to anybody except through legal action.
I am currently out of town on business until mid-next week, but will try to get an update on the situation out by the end of next week.
JMHO, TAfirehawk
TTT...
I for one will be all over a shareholder lawsuit against the REAL PEOPLE driving this price down and costing me money.
I firmly believe that if it wasn't for A@P and the shorters, we would be at least at $5 if not $10. This is based on the recent good news of shipping SecureView.
I need to contact some people to get this moving, but please PM me if interested in pursuing action against the shorters and Anthony.
JMHO, TAfirehawk
OT, Matt, I know I have done that before, but this was more fun!!!
JMHO, TAfirehawk
In case anybody was concerned about email addresses leaking out...
I have figured out how to setup Outlook to not send everybody's email address to everybody else.
http://www.investorshub.com/boards/read_msg.asp?message_id=109448
JMHO, TAfirehawk
Look at that, I deleted my own post, now that is the full effect of strong IHUB management!!!
JMHO, TAfirehawk
That was a response, but now things are different and I feel the lawsuit idea should be looked at again, especially with the "other" lawsuit in the works. As I stated before....
I for one will be all over a shareholder lawsuit against the REAL PEOPLE driving this price down and costing me money.
I firmly believe that if it wasn't for A@P and the shorters, we would be at least at $5 if not $10. This is based on the recent good news of shipping SecureView.
I need to contact some people to get this moving, but please PM me if interested in pursuing action against the shorters and Anthony.
JMHO, TAfirehawk
Sorry to say Rich, but this is the typical discussion on IHUB. The number of false claims is amazing and nothing has been done yet. Some of us hope to change that YET soon. I wish you read this more, but your time is better spent elsewhere.
JMHO, TAfirehawk
Not that is time to take sides, but this is a very important point.
My guess is that they may muster less than 10% of the shares held, while a Class Action Suit against the MM's and Shorters might gather 60%, or more... In which one do you plan to be included?...
FG
Everybody should seriously consider if they need compensation for their stock market losses for the year 2000. Seems to me that every single person living in the WORLD that invested in the stock market would need to compensated for last year. OK, but lets say you should be compensated for stock market losses (yeah right), which side of the fence do you get the money from?????
JMHO, TAfirehawk
Actually the lawsuit could be funded by the shorter/basher coalition. Maybe that is how they are making their money, not from SEVU going to court or settling.
JMHO, TAfirehawk
In case anybody missed it....
http://www.investorshub.com/boards/read_msg.asp?message_id=109448
JMHO, TAfirehawk
Please call me a bashing long.
At least I am supporting the prosperity of something, not the petty claim of losses that you don't fully understand where your losses came from.
I stated no specific interest in filing suit against any person involved in the current civil suit. BUT, I am very concerned about the illegal activities of parties outside SEVU that have contributed to significant shareholder losses.
Many, many truths have been stretched by the shorter/basher coalition and do you honestly think they had nothing to do with the shareholder losses.
I am truely sorry you keep jumping the fence back and forth, but that seems to be clouding your judgement on this one. What does anybody have to gain by filing suit against SEVU? How much money can you expect to recover? It is really quite silly for any of us with remaining shares to be that foolish. The only hope we have of recovering our POTENTIAL money is for SEVU to succeed.
The only hope I am trying to gain by talking about a lawsuit against the shorter/basher coalition is to give them a STOP ORDER and let the market decide SEVU's fate. I do not seek a countersuit of any kind, but a legal suit for the activities of the past 8 months that have clearly violated the law.
My resolve has been waiting here for a long time to be pushed and tested. I will not back down, as I am sure you will not either. But, we truely seek the same thing, THE TRUTH, and the truth we shall have. Every post, every day that goes by just deepens my resolve to let the world know the truth.
JMHO, TAfirehawk
OK....so lets quit talking and start walking the walk.
Although this may not be the place to discuss such things, we have to start somewhere. I hope to hear back from SEVU today or tomorrow on finally taking some action. SEVU and Rich have to be involved in this 100% or it goes nowhere.
JMHO, TAfirehawk
SecureView is shipping and is advertised. Hopefully this stupid lawsuit won't stop SEVU from giving us more info on continued shipments.
Maybe Monday I should call SEVU.
JMHO, TAfirehawk
Doesn't that SecureView picture look great on SmartHome.com
SWEEEEEEET
http://www.smarthome.com/images/7528big.jpg
Good times are a coming....
JMHO, TAfirehawk
Go for it BillBranum, at least you can keep us updated on when the crap hits the fan. Please go after Rich, it would be an interesting suit and countersuit.
I believe it was stated here before that the SEC filing is often NOT filed in this case, so don't get in a tissy about this. Rich did buy shares, but I don't know where/if the SEC filing is. It is also my understanding that the SEC only has a simple, small penalty to pay for not filing by the 10th of the month. IMO, who cares about a small penalty when it can make people like you mad!!!!!!
JMHO, TAfirehawk
I know exactly what you are talking about as I sent in the form and have heard nothing.
They might have been waiting for things to "shake-out" at SEVU and start heading in the positive direction. BUT, don't think we can wait any longer.
I have asked the parties involved from the original start of the lawsuit to get off their butts and do something.
On numerous occasions I have wanted to take legal action to end this BS once and for all. It seems like the time is now or never with the shorters filing for a lawsuit already. I have never gotten any reasonable responses from people to support this action against the REAL THREAT TO SEVU, so I haven't pushed it yet.
JMHO, TAfirehawk
This is interesting....
FG posted...
+ I enquired where the compensation money would come from, since SEVU is cash poor and I don't believe any of the Directors, including McBride carry Insurance, but the attorney was evasive, saying they had done their DD before filing... McBride may or may not be very wealthy, but he's certainly not stupid and I imagine he knows how to protect himself by having most of his assets, other than his SEVU shares, in Trusts or under Corporate names...
Come on now people, how can anybody here believe that Rich just has one bank account in his own name waiting for a SHARK to come and take it all away. Lets not be stupid here, ALL people with lots of money know how to manage and protect it. The attorney was evasive because he knows there is nothing to be gained from this for the plaintiffs, just the attorneys.
JMHO, TAfirehawk
I for one will be all over a shareholder lawsuit against the REAL PEOPLE driving this price down and costing me money.
I firmly believe that if it wasn't for A@P and the shorters, we would be at least at $5 if not $10. This is based on the recent good news of shipping SecureView.
I need to contact some people to get this moving, but please PM me if interested in pursuing action against the shorters and Anthony.
JMHO, TAfirehawk
Glad this worked out Diverdan. I still believe there is no excuse for somebody in sales/customer relations to "have a bad day."
I know Rich has been alerted to this situation and hopefully passed it on to George if he didn't handle it directly. With the retail experience of SEVU management, they know that even one instance of this kind of behavior must be dealt with immediately.
JMHO, TAfirehawk
Ken, I think we all need clarification publically. I know you have stated this many times before, but I don't see any evidence except your word, which is less than reliable.
You may be right on this one and this allegation is extremely important to validate.
We will just have to wait until the investigation/lawsuit is done going through the SEVU invoices I guess.
JMHO, TAfirehawk
Thanks JohnSmith, I heard the sales reporting changes from an extremely reliable source and was hoping somebody else could back me up on this one.
The points you make are the same as the rest of us have been saying the last couple days. It is nice that you confirmed this with a securities lawyer. I think we can safely put this discussion to bed as to the validity and scope of the lawsuit, BUT how do we or SEVU fight the darn thing.
I do not have the means necessary to take on the shorters, but am willing to contribute in any way possible.
JMHO, TAfirehawk
No, YOU are dead wrong Mr. Bill Branum.
DEAD WRONG on several counts…
1. The argument about a counter suit is ludicrous. The facts are not in dispute, they have been stipulated to by SEVU in SEC filings. On March 30, 2000, the company filed FALSE reports with the SEC. This behavior continued, and was not corrected until the “material misrepresentations” release in March, 2001. ANYONE who invested in SEVU during that time period can be reasonably assumed to have done so on the basis of the ADMITTED FALSE FILINGS. The reference to the threat from A@P about a counter suit is off point…the facts in that potential case were not a matter of record, and would have to be proven in a court of law. In this case, the public record IS the proof……. People, this is as cut and dry as it can get…SEVU LIED, people invested after the LIE, SEVU is liable. Big name firms do not expose themselves to counter suits in cases like this. I challenge ANYONE to supply a single example of a counter suit, against a class action lawsuit for material, false SEC filings, when the relevant facts have already be admitted to by the defendant. It has NEVER happened, and won’t happen now, because there is no case. The defendant has already admitted to the wrongdoing. The only question is who are the damaged parties, and what will they recover.
You have jumped to one VERY LARGE conclusion, that SEVU lied on purpose. IMO, the filings represented current orders that SEVU had in hand, just waiting to ship. My understanding is that the SEC operates in a very gray area on where to place pending orders, so I am not convinced this is cut and dry deception or lies.
JMHO, TAfirehawk
This is the perfect time to file a lawsuit, because SEVU has weathered the storm and is ready to climb that long road to success. The shorters are obviously getting desperate to hold this thing down now that SecureView is shipping.
This all smells of a rat.
JMHO, TAfirehawk - long and staying that way
FG, good point, a counter lawsuit is very possible. From my experience in civil suits, a counter-suit always happens. The lawyers want this of course so they can make double the money.
This is a good time to "ride the fence" for awhile. If necessary, everybody can get in on the lawsuit at a later date, but stay out now as to not expose oneself in public.
JMHO, TAfirehawk
I agree, this lawsuit is very "short".
The language made me feel that they didn't want to say who was starting the suit. As I said before - http://www.investorshub.com/boards/read_msg.asp?message_id=108577
http://www.investorshub.com/boards/read_msg.asp?message_id=108064
If you purchased shares of SeaView Video Technology, Inc. during the Class Period, you may move the Court no later than July 16, 2001 to serve as lead plaintiff for the Class. In order to serve as lead plaintiff, you must meet certain legal standards.
JMHO, TAfirehawk
If you take one step back from this mess, it seems way to coincidental and perfect to not be a plan by the shorters. Go all the way back to August/September when the shorting began and look at the events through today, makes me wonder too.
There are definitely some questionable things in last years PR's, but hey, this is the stock market. Don't invest more than you are willing to lose, you win some, you lose some.
I can't imagine Rich letting SEVU die, but I can't imagine that the shorters are so persistent.
JMHO, TAfirehawk
There is so much negative and positive information on things happening in 2000 that any court or jury would have an almost impossible time finding the truth. Oh and be sure if the lawyers are good enough there will be huge dollar amounts even if SEVU can't pay.
JMHO, TAfirehawk
As we all know, lawyers are like Superman in that they can leap over common sense in a single, but long winded statement.
Obviously this has potential to bankrupt a company like SEVU, but could that happen? YES...will it happen? Unlikely, but who knows.
I believe it is extremely difficult to prove that the PR's were intentionally misleading. BUT IN A CLASS ACTION CASE YOU ARE NOT INNOCENT UNTIL PROVEN GUILTY. That is the scary part.
This company/stock has taken some serious abuse and it won't take too much more before it will NEVER recover.
SEVU MUST comment on this SOON or .... I hate to think about OR
JMHO, TAfirehawk
Completely unacceptable, Rich will again be questioned about this. I forwarded the previous message to him before. Although this should probably be directed at George.
JMHO, TAfirehawk
printmail01, I will hold nothing back...
I am one of those people in from the start at a very low initial investment. I don't have a huge number of shares that I could have retired off of at $28 anyway, but yes I was looking to make a small kill by now. And YES I was/am pissed off about the whole deal. But, NO I am not even considering there being a class action suit or EVER entering one against SEVU. You may call me naive, but I have a different personal experience with SEVU, as we all do and each of us mustmake our own "guess" as to what the company and stock will do.
JMHO, TAfirehawk
Management never said that SecureViewRS was in a light bulb, but they didn't say it wasn't either.
The cable hookup puzzles me a little because they should be using the IRFS system like the light bulb. I can ask Rich about this since it is an R&D technical question.
JMHO, TAfirehawk
Here is RL McBride and Associates pay for 2000...
http://www.freeedgar.com/search/ViewFilings.asp?CIK=894536&Directory=1108017&Year=01&SEC...
13.1 Transactions with Management and Others
During the year ending December 31, 2000, we contracted with R. L. McBride and Associates, Inc., a Florida Corporation, for professional services in advertising and public relations. Richard L. McBride, our CEO, was the sole owner of R. L. McBride and Associates, Inc. The total amount we paid R. L. McBride and Associates, Inc. through December 31, 2000 was $80,000. Mr. McBride received no direct or indirect compensation from R. L. McBride and Associates, Inc. while serving as an executive for us.
WOW, this seems like a very small amount to be paying a PR firm, even for no more than SEVU did in 2000. Come on all you bashers out there, what do you have to say about this??????
JMHO, TAfirehawk
Great stuff on the SecureView RS.
Some of us wondered how that would fit in a light bulb, guess it won't yet!!!
JMHO, TAfirehawk
Who proof-reads these documents...typo...
http://www.freeedgar.com/search/ViewFilings.asp?CIK=894536&Directory=1108017&Year=01&SEC...
Our original Form 10-Q for the quarter ended June 30, 2001, which was filed on August 14, 2000, incorrectly included as revenues and accounts receivable approximately $1,184,006 of purchase orders that were received by the Company for its new SecureView security camera products, but were not shipped to the customer by June 30, 2000. After restatement, our 2nd quarter net revenues were approximately $335,120. As set forth in the chart below, our restatements have resulted in a reduction of our net income by approximately $966,957 for the quarter ended June 30, 2000. We discovered these errors for the first time, during an internal review of fiscal year 2000 operations that was undertaken by our newly hired CFO. As of the date of this filing, our new management has successfully implemented internal accounting control procedures that are designed to ensure that similar misstatements do not occur in future periods.
I have been through the 10Q extensively(as shown by all my posts) and found this ONE typo. Those loser, idiots at SEVU can't even get the correct year right, man they are just stealing my money, pumping and dumping this stock something fierce. RED FLAG, oh my gosh, the end of SEVU is here. They made an error on an official SEC filing, HOLY COW!!!
Sorry for the dramatic effect, the bashers/shorters are starting to influence me....NO...NO....
JMHO, TAfirehawk
For anybody wondering about patent info...
http://www.freeedgar.com/search/ViewFilings.asp?CIK=894536&Directory=1108017&Year=01&SEC...
Proprietary Rights
We hold the exclusive rights to the following patents, trademarks, and
copyrights:
FL TM SeaView 12-17-98 T98000001436
PATD Underwater Camera 06-22-99 D411,217
COPY SeaView Brochure 01-11-99 TX4-885-973
PATU Submersible Video Camera 06-10-99 09/329,580
PATD Underwater Camera 12-28-99 D418,152
FED TM SecureView 75/931,216 02-28-00
PATD Video Monitor Hood 04-11-00 D422,579
FED TM SeaLite 06-30-99 75/742,606
PATD Camera Housing 07-25-00 D428,618
PATU Video Camera Utilizing 05-15-00 09/570,978
Power Line Modulation
FED TM SeaView 01-16-01 2,421,489
PATD Video Camera Housing 12-26-00 D435,576
PATD Infrared Illumination Device 12-19-00 D435,306
Housing
PATD Video Camera Housing 12-26-00 D435,577
PATU Vehicle Inspection Camera 01-22-01 09/766,897
Other patents and patents pending are secured through licensing agreements.
JMHO, TAfirehawk
Only some of the 2001 new shares are accounted for by exact number in the 10Q. My previous post referring to the 10Q stock issuance lists only 125,000 shares of the 700,000 issued.
http://www.investorshub.com/boards/read_msg.asp?message_id=105826
Not sure where the rest are, but I am digging.
JMHO, TAfirehawk
Here is some more legal proceedings info...
http://www.freeedgar.com/search/ViewFilings.asp?CIK=894536&Directory=1108017&Year=01&SEC...
Item 3. Legal Proceedings
The United States Securities and Exchange Commission has authorized its staff to conduct a non-public, fact-finding inquiry encaptioned, "In the Matter of SeaView Video Technology, Inc." The non-public formal order authorizes the staff to privately investigate a number of issues, including disclosures regarding financial condition and results by SeaView, periodic reports filed by SeaView, the books and records maintained by SeaView, and statements made by SeaView to its accountants. Regardless of the outcome, we expect to incur costs in responding to the inquiry.
There are no other material pending legal proceedings, other than routine litigation arising in the ordinary course of business. We do not believe that the results of such routine litigation, even if the outcome were unfavorable to us, would have a material effect on our financial position.
JMHO, TAfirehawk