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Hey Ladies, do you come here often? I can't imagine I'd ever fail to notice anyone as lovely as you!
I don't entirely disagree with you Cabos (except for the Moron part). I still wonder if they were so close to closing the doors that this was the only option. We simply don't know. I'll admit I haven't contacted the company, and doing so could clarify a few things, but it hasn't been important enough to me. I'm simply maintaining that I'll reserve judgement until we know the facts (which may never happen).
One thing remains...... it's certainly entertaining!
Paul, I don't think any of us like the PP, but a few here maintain that we don't know all of the details, so we reserve final judgement at this point.
The fact that it may be unconscionable to some doesn't necessarily justify a lawsuit, particularly if no laws have been broken. From where I sit, it makes it appear pretty stupid.
Why does "rated range" or "benchmark average range" matter? Who even cares?
Consumers don't care about benchmarks, any more than you care about the truth about SecureView.
Why would anyone feel the need to secure a "light bulb" by locking it? Particularly one that doesn't even emit light? As long as you don't attach a sign to the camera stating that it's a $400 camera, no one will know it's not a light bulb.
I hooked it up and it worked exactly as advertised. That's what most people expect when they buy things.
Sorry to waste the time responding to one of your posts, but this one was even more absurd than most.
12:34 p.m., Monday
Dan Misiaszek, the San Marcos endurance diver who has been underwater since Friday, emerged shortly after noon today, shattering the world record of 51 hours spent continuously below the surface.
Misiaszek, who headed immediately to the showers, was underwater for 60 hours and 25 minutes.
"He's doing OK," his mother-in-law said.
With multiple oxygen tanks, cameras and a wireless communication headset, Misiaszek headed 22 feet into Aquarena Springs on Friday.
This is so cool!!!!
Congratulations to Dan and all of his team and supporters!!
9:15 a.m., Monday
Dan Misiaszek, the San Marcos endurance diver who has been underwater since Friday, is only hours away from breaking the world record of 51 hours spent continuously below the surface.
With only about three hours left, Kathy Misiaszek said her husband was in good spirits this morning.
"He made it through the night very well," she said. "He's very positive right now."
With multiple oxygen tanks, cameras and a wireless communication headset, Misiaszek headed 22 feet into Aquarena Springs on Friday. He is set to emerge from the springs at about 12:20 p.m. today.
When his wife asked if he would finish, Kathy Misiaszek said, "He gave me a definite thumbs up and said, 'Yes.' "
Noon, Sunday
Warm sunshine and a supportive public brightened the day for Daniel Misiaszek, the San Marcos police sergeant trying to make history with a 60-hour endurance dive. After a cold and sleepless night 22 feet underwater, Misiaszek was buoyed by the sight of children in the Aquarena Springs Submarine theater this morning.
"We're getting a few people coming in through the submarine, and he's in real good spirits," said Misiaszek's wife, Kathy, an expert diver who helped coordinate the event. "He's laughing and joking with the people and has been talking to some of the crowd in the submarine. Things are looking up."
Children are fascinated by Misiaszek's subaquatic arrangement, she said. Misiaszek kept the crowd — and himself — entertained by playing underwater frisbee and checkers with fellow divers. He also responded to questions through a speaker attached to his headgear.
"The biggest question kids have is how he goes to the bathroom and what he ate," Kathy Misiaszek laughed. "One of them asked how he brushed his teeth underwater."
The diver's suit is equipped with a catheter, and he gets his nutrition through a liquid diet of Gatorade and pediatric electrolyte served through a tube.
Misiaszek's goal in setting a new continuous dive record (the current one is 51 hours, 4 minutes) is to raise money for the dive team he formed in 1988. Team members have set up donation jars at the Aquarena Center to help pay for needed equipment. They are also raffling a scuba tank and selling T-shirts that read "I helped break a world record."
Whatever people can contribute, Kathy Misiaszek, provides her husband "incentive to stay down for 60 hours." She said she hopes people will make a special effort to be at the center tomorrow at noon when Dan emerges from the water.
— Eileen E. Flynn
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10 a.m., Sunday
Now past the halfway point of his 60-hour endurance dive, Dan Misiaszek is battling chills, fatigue and poor nutrition 22 feet under the surface of Aquarena Springs in San Marcos. But his wife, Kathy Misiaszek, says he's in "as good a spirit as possible."
Temperature has proven to be Misiaszek's greatest enemy so far in his attempt to set a world record and raise money for the San Marcos Area Recovery Team. Fellow divers had to go underwater last night and readjust Misiaszek's gear for a second time, outfitting him with an additional dry suit. Even after that, it took him an hour to warm up, and Kathy Misiaszek said she expects tonight will be rough, too. She plans to stay underwater with her husband for much of the night to offer moral support.
As for sleep, Misiaszek has had little. He got only three hours last night — not enough to restore his energy. "He never gets into that deep sleep where his body actually rejuvenates," Kathy Misiaszek said. And he has lost his appetite, making the task of feeding him nutritional liquids more of a challenge. But, she noted, the public's presence at the Aquarena Springs Submarine Theater has provided Misiaszek an enormous psychological boost. "Today (the weather) is beautiful," Kathy said. "We're expecting a good crowd."
The public can view Misiaszek from an underwater theater at the Aquarena Center, on Southwest Texas State University campus. The current endurance dive record is 51 hours, four minutes.
— Eileen E. Flynn
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10:50 p.m., Saturday
Endurance diver Dan Misiaszek was dozing late tonight, with members of the SMART recovery diving team watching to be sure that he remained comfortable and safe.
"We're hoping he sleeps all night," said wife Kathy Misiaszek. "But he has to wake up every 2 1/2 hours to switch air tanks. Somebody'll be with him all the time without sleep, to be alert in case anything goes wrong with him or his gear."
The chills he felt earlier in the day were forgotten, his wife said, with warm water piped in between his dry suit and an outer wet suit to keep him cozy.
Meanwhile, the watchers, including a few close friends, were doing their best to remember not to eat in front of Misiaszek, to avoid reminding him that he can't eat solid food until he surfaces at noon on Monday.
"We sneak off to (eat)," Kathy said. "He had his evening meal of beef bullion and unflavored Pedi-lyte," a nutritional supplement normally given to dehydrated infants.
"He was real happy with the bullion," she said.
With sunshine and warmer temperatures forecast for Sunday, organizers are hoping for a better turnout than they had Saturday, enabling them to sell more tee-shirts and gain more sponsors to help raise money for the dive team.
— Dick Stanley
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7:50 p.m., Saturday
After two short naps and a meal of warm liquids, Dan Misiaszek appeared to be "much, much, much better," according to wife Kathy. The chills behind him, Misiaszek was in better spirits Saturday evening, as the Aquarena Center closed for the night and began to settle in. The underwater theater will remain open overnight for visitors, friends and family, event organizers said.
It was mostly friends and family who stayed behind in the evening — about 20 of them, in SMART diver T-shirts, watched Dan Misiaszek as they ate a fast-food fried chicken dinner. The endurance diver, on the other hand, can't even think about chicken until noon Monday, if he wants to set the record.
The turnout has been promising, Kathy said. "We've had a lot of people stop by to inquire about it, which is pretty good," she said. "Hopefully we'll have more out here on Monday, when Dan comes out."
— Erik Rodriguez
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3:30 p.m., Saturday
Dan Misiaszek caught a chill that he couldn't seem to shake this morning during the first stretch of his planned 60-hour endurance dive in the San Marcos River.
A team of four divers went under to outfit Misiaszek with a wet suit over his full-body dry suit and then pumped in hot water between the suits to warm him. The dry suit is designed to keep the diver dry inside, but he had complained of being cold this morning. The dive had hit another snag earlier when heavy rains Friday night caused the official time clock to malfunction. It did not begin recording the dive until 12:25 a.m. today. Misiaszek, a San Marcos Police sergeant, hopes to break the current endurance dive record of 51 hours, four minutes, to raise money for the San Marcos Area Recovery Team he formed in 1988.
While one can't exactly order in pizza underwater, Misiaszek is getting food — of sorts. The diving team feeds him warm nutritional liquids (Gatorade and pediatric electrolyte) through a tube.
Misiaszek's wife, Kathy, predicted the next few nights will be rough on the aspiring record breaker, but she said by Sunday he should see a "light at the end of the tunnel."
The endurance dive has sparked public curiosity. About 30 people gathered in the underwater theater at the Aquarena Center on Southwest Texas State University campus in San Marcos this afternoon to view Misiaszek in his temporary habitat.
— Eileen E. Flynn and Erik Rodriguez
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9:00 a.m., Saturday
By 8 a.m. today, Dan Misiaszek dozed off after getting adjusted underwater for his planned 60-hour endurance dive, an attempt at the record books for the San Marcos police sergeant. Misiaszek headed down 22 feet into Aquarena Springs at midnight and aims to beat the current record, a 51-hour-four-minute dive, to help raise money for the San Marcos Area Recovery Team he formed in 1988.
"He's in the water, and we're just supporting him with hydration, nutrition and air," said Misiaszek's wife, Kathy, an expert diver who helped coordinate the event. "Right now he's sleeping, so I would say he's fairly comfortable."
Misiaszek, along with a team of support divers, can communicate with the diver through a two-way radio, and the public can view Misiaszek from an underwater theater at the Aquarena Center on the Southwest Texas Sate University campus in San Marcos.
Kathy Misiaszek said her husband complained of a chill around 2 a.m. but has had no other problems. "He seems to be in good spirits," she said.
— Eileen Flynn
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I did some searching for current San Marcos news to check status on Dan's dive, but didn't find anything. I found a couple of good articles on the subject, but I think we've seen most of what was printed.
I'm sure we all wish Dan and his team all the best. If anyone learns of any updates, I hope you'll post them here.
What, you're not taking a laptop down there with you?
This is very exciting! Best of luck!!!
Perhaps FG is correct in his claim that 3 out of 12 units failed. They may be the ones assembled by Ken Cook!
I would also like to see the color/BW version, although I'm not sure I'd pay substantially more for it. I think the existing BW version does as much as I'd ever need. The zoom capability could be enough to justify a moderate price increase, though.
As for the lens, I didn't mean the camera optics. I assume you're referring to my comment about marking the top of the system. My thought is that if the assembler can identify the orientation of the optics before attaching the semi-transparent screwtop (which I referred to as a lens), they could simply mark the orientation on the outside of the housing. It's really no big deal. It just seems like an easy improvement, regardless of how minor or unnecessary it may be.
I don't share your concern about the parking lot system, although I may be making an erroneous assumption. I haven't given it much thought, but I would think a parking lot system would be designed much differently than the retail SecureView I have. I'm not a techie, but I'm assuming that just about any type of existing parking lot camera configuration could be emulated. We know that cameras exist for this purpose today. The value added by using a SEVU system would be the use of existing wiring, rather than having to hard wire a new system. That's a more appropriate issue for Adam to address. I honestly don't have a clue.
As you know FG (since you reportedly have a SecureView), the lens has somewhat of a fisheye effect. That increases the viewing area, but reduces much of the detail at distances. I don't know how many parking lot cameras using any technology provide the detail necessary to identify someone by face. The SecureView unit can certainly do so if they're relatively close, but that's about it. Most parking lot systems I have seen appear more interested in vehicle traffic or suspicious pedestrians or activity. The viewer sees something unusual, then moves to investigate it. I don't think the intent is to be able to compare someones picture with a police lineup.
Also, I don't know if SEVU plans to use the exact configuration I have for parking lots, or if they'll use something different. It would seem that the value is in the ability to transmit the image via existing electrical wiring, so I'd assume they could attach any type of lens they wanted.
I'm sorry, I should have included that info. I ordered from SEVU sometime last week (sorry, I don't recall the day). It arrived yesterday.
My thoughts on the SecureView
The system arrived in a non-glamorous, but very functional package. Since I didn't walk into a retailer and buy it off the shelf, I have no problem with that, although I'd like to see the packaging that will be used in stores.
Even though it appears as nothing more than a "light bulb", a black box, and a cable, it's pretty cool! Maybe I was just anxious to see it, but even my kids thought it was cool. I have an outdoor version, and it looks just like an outdoor floodlight. I planned to post a review on it here, so I paid close attention to the time required to set it up. I wanted to tell everyone that I installed it in less than a minute, which would have been easy, but I made a couple of bad assumptions. Mistake number one: The signal may travel along internal wiring, but you have to turn on the switch to make it happen (if the light switch if off, so is the camera). I should have figured out that if I turn off the switch, I break the circuit, but I wasn't that bright. Okay, so it took me longer than a minute to hook it up and figure that out, but I still hadn't invested much time.
Once I turned on the light switch, I had a reasonably clear, but upside down image on my TV. The instructions told me to expect this (I didn't read them until later), and they tell the user to simply rotate the camera clockwise until the image is correct. I think it would help if they marked the "top" of the camera lens, but it was no big deal. I simply went outside and rotated the camera. I then had a decent black and white image with moderate interference.
The interference bothered me. The picture was acceptable, but not what I expected. I'm a perfectionist about this type of thing, so I began to experiment. I was watching on the TV in our entertainment room where we have standard 110v outlets as well as dedicated 30 amp 110v power. The room has lots of electronics and two options for power. I plugged the "decoder" into a different outlet, and immediately had a perfect picture. I'm not an electrician, but it's my understanding that there are two interconnected banks of wiring in the house. They're obviously common at some point, as we only receive a single electrical feed to the house, but I know from using a generator that there is a division somewhere. I tested this theory by inserting the camera into a portable lamp and plugging it into various outlets throughout the house. Some locations produced a picture with slight interference, and some produced a perfect image. Our house is about 4000sf, and distance from the decoder had no impact on picture quality.
Okay, so now I have an excellent security camera (hidden in a light bulb) for daylight use. Not exactly a sixty second installation, but certainly less time than it took me to type this. How does it handle total darkness? I suppose if you're monitoring a very small area, it's probably fine to rely on the existing IR capabilities. I'd like more distance, although the price point and ease of installation on the SecureView system lets me forgive a lot. Fortunately, the company seems to realize the IR shortcomings, so they offer an "IR Floodlight" to match the SecureView. I considered ordering one, but decided against it. The IR bulb is probably a great stealth compliment to the SecureView, although I'd rather deter problems that may require a security camera, rather than let them happen so I can see or record them. To this end, I'll opt for a standard floodlight in a two socket housing to compliment my SecureView. If the user really wants an inexpensive security camera system which may be used in the dark, the SecureView and optional IR emitting bulb may be a great solution, although that isn't what I'm looking for. I tried a dual socket housing with the SecureView in one and a standard floodlight in the other and it works great!
In the end, the camera works exactly as advertised. The effective range in total darkness is somewhat disappointing, although that is easily resolved by adding a nearby light bulb. If I had been smart enough to turn on the light switch and hadn't plugged the "decoder" into the outlet I selected, installation would have taken less than sixty seconds.
I would like to see a color version, although I doubt I'd pay substantially more for it. It's important to remember that this isn't like watching television. The purpose for most, I believe, is to provide acceptable image quality with minimal installation effort at a low cost. SecureView does those things very well.
A couple of final thoughts: As previously noted, I think an identifying mark at the "top" of the housing would be helpful. I don't know if the angle of the camera itself (inside the light bulb housing) can be readily determined during assembly, but if it can, something as simple as marking the housing would seem very easy and add no additional cost or assembly time. The other change I'd suggest would be to include a longer video cable to run from the decoder to the monitor. The included cable is approximately three feet long, which may be shorter than needed for many applications.
People can say what they will about McBride, the company, or whatever, but if we're relying on the products to make the company succeed, I'd say the future looks very promising.
AND NOW FOR SOMETHING COMPLETELY DIFFERENT!!!!!
I don't know where everyone went today, although I have my ideas. Anyway, I grew so tired of all of the claims and posts from people with no stock or knowledge of the products, I decided to try something different! I'm a long shareholder. I also have two underwater SEVU cameras. I like the underwater products, although I believe that if they were going to sustain the company, they would have done so before now. I decided to try a SecureView. The company seems to believe that SecureView and parking lot systems are the key to the future. Our driveway is hardly a parking lot, so I decided to try a SecureView.
I'll post a comprehensive review within the next couple of days.
I suppose if I was stupid enough to hold a firecracker that was capable of blowing off nine of my fingers, I'd deserve what I got.
SEVU is not a blue chip investment. It's not even a speculative dot com. It's a tiny bulletin board stock that isn't making money. Some of you people act as though you have your entire life savings riding on it. Maybe some here did lose 90% of their fingers with this investment. That's unfortunate. Some people play Powerball and they can't afford to do that either. It's sad to see them lose their money, particularly if they can't afford it, but most of us are adults and we're responsible for our own actions. If you don't like SEVU, sell your position and move on. Why is that so hard for some people to figure out? As Francois always said, invest only what you can afford to lose.
BTW, I've made a decent profit on this one!
I'm not bitter.
If it was that important to me I'd call and ask in case they're willing to offer any insight, but it's not that big of a deal at this point. If the stock was trading at $10/share it would be different, but I continue to maintain that we have already endured the losses, so remaining downside risk is minimal. I think someone posted recently that they had contacted the company and they were satisfied with the response, but I don't recall who it was, nor did they offer any details.
Profits and sales are impossible without production or management. None of us knows the details of the PP. None of us like it, but it's quite possible that it's the best way to keep the doors open.
I'm not supporting the PP. I'm just not jumping on the bandwagon without knowing the facts.
It's important to note that "EDI" is a loosely used term that describes a wide range of activities and standards. The model I described is a very simplistic possibility that would be an easy sell to e-tailers. They like it because they have no monetary exposure and they don't have to handle the inventory. The down side for SEVU is that they don't get paid until the units sell, although I'm only describing logistical scenarios. Terms of payment, minimum commitments, etc. can always be negotiated.
I think direct fulfillment would be a desireable model for SEVU, particularly as they test the market and refine their manufacturing processes.
I may be way off on all of this stuff, so please take it as pure speculation unless we learn otherwise.
I suppose it's possible that West Marine is somehow involved, although I find it somewhat unlikely. The EDI and fulfillment activities are all on the back end and transparent to the customer. There shouldn't be a reason to remove the products from the West Marine website or catalogs solely for the purpose of setting up an EDI relationship.
Also, please remember that my comments are purely speculation. I don't know that SEVU is doing this with any customers. It just seems likely considering recent references to EDI and the hot links from the SEVU site to Costco.com, etc.
It's quite possible that the e-tailers are doing their own fulfillment. My suggestion is a more efficient model and in everyone's best interest. Big company's are already set up to do this, and some make it a prerequisite to doing business with them. The likely constraint would be SEVU, so if they are now up and running, I think it's a likely scenario.
I suppose it's possible that West Marine is somehow involved, although I find it somewhat unlikely. The EDI and fulfillment activities are all on the back end and transparent to the customer. There shouldn't be a reason to remove the products from the West Marine website or catalogs solely for the purpose of setting up an EDI relationship.
Also, please remember that my comments are purely speculation. I don't know that SEVU is doing this with any customers. It just seems likely considering recent references to EDI and the hot links from the SEVU site to Costco.com, etc.
It's quite possible that the e-tailers are doing their own fulfillment. My suggestion is a more efficient model and in everyone's best interest. Big company's are already set up to do this, and some make it a prerequisite to doing business with them. The likely constraint would be SEVU, so if they are now up and running, I think it's a likely scenario.
Sorry FG. Perhaps I was wrong to assume that I'm not the only one here who questions much of what you say, but when you mis-represent something about which I have first hand knowledge, it makes me question how often it may happen with other issues.
Doug, I share your concerns about production and I don't understand why they refuse to provide statistics either. The area where we don't agree lies with the direct fulfillment model. It is quite possible that they were forced into the model because they are having production problems, but even when it's up and running, the direct model is extremely efficient and benefits everyone. There are additional upstream advantages, such as an ability to build to order (manufacture when you have an order in hand), or build minimal quantities for inventory. I'm not an accountant, but there are tax and asset implications where inventory is recorded much more favorably in component form than assembled as finighed products. Also, particularly with a new product, minimal inventory in the channel enables quick product modifications without disassembly or recall.
Excuse me FG? Do you ever post anything accurate? As you well know, I considered offering my consulting services for less than a week as a means to protect my investment. I suggested that if the company was interested that I'd do it if they'd pay my airfare and expenses. I also said I didn't want to approach McBride directly, as I didn't want to come across as just another consultant out selling my services. You asked if I'd mind if you brought it to McBride's attention, and I agreed to let you do so. I don't know if you did or not, but I can certainly check the string of PMs. In retrospect, we now know that the company wasn't ready for the insights I could have provided.
If you consider that "applying for a job", maybe we need to consider your other claims even more loosely than we do already.
I'm curious about the West Marine story too, although they are/were representing marine products. I'd be more concerned if SecureView suddenly disappeared from a major retailer.
FG, why don't you see if you can dig up the legal history on Bernardich. He is, after all, the CEO of SeaView.
It's interesting that back when (if?) this data may have been relevant, you dismissed it and praised the virtues of McBride and the company. Now that McBride is no longer CEO, you suddenly find it incriminating and relevant.
The change in the SEVU website and recent references to EDI have me thinking. It appears as though SEVU may have moved to a fulfillment model whereby online orders are drop shipped from SEVU, rather than warehoused by the e-tailers such as Costco.com, etc.
This is a pretty common model in some industries, and has numerous benefits. In short, the customer logs onto Costco.com, for example. They select the product, submit their credit card number, etc., and payment goes to Costco. Costco subtracts their margin from the money received, and the remaining revenue and order is immediately (sometimes batched overnight) sent to SEVU. BTW, EDI stands for Electronic Data Interchange. It's a relatively standardized set of formats and standards used in many industries. SEVU ships the product directly to the customer. It doesn't take much sophistication to print Costco's name and address on the return address label. The customer believes they bought it from Costco, but neither Costco nor SEVU have to pay freight to a Costco distribution facility, nor does Costco incur inventory expense. Greater margins for all concerned and a much more efficient fulfillment process. SEVU can do this with multiple vendors, so they can spread production and demand variables across multiple vendors (rather than manage multiple inventories and forecasts, there is now only one to manage). In the case of a return, the customer simply sends it back to the address on the packing slip. It may say "Costco, but it's physically the SEVU facility. Once again, much more efficient as it bypasses Costco.
Establishing an EDI interface with a company like Costco isn't difficult, although it's yet another supplier ledger and they don't set them up casually. I have worked with Costco in a very similar capacity. They can be a pain in the butt and very difficult to please. If SEVU has an EDI relationship with Costco, it says quite a bit.
I hope I'm right about this. It's not the kind of thing that's newsworthy to most, but as some here know, I'm an Operations guy. I view it as a huge step forward.
Check out the SEVU website! They have a "As seen on Good Morning America" banner. They also have hot links to Costco, Skymall, Smarthome, and Supercircuits! No more direct order from SEVU when you click on "Order". I think this is very cool! I may just have to test the system and buy one!
The part we don't know is whether this was a last ditch effort to keep the company afloat. That could be argued as making the PP in the best interest of the company.
Just as with everyone else here, I'd sure like to know the facts!!
I understand. I don't know if my strategy would be any more effective than that of FG. I'm just explaining why I believe as I do.
You made a comment that is crucial to the whole issue when you mention "certain violations". We may not like the PP (DUH!), but are they breaking any laws by doing it? I don't know. I have a moderate legal understanding in certain areas, but this is WAY out of my realm.
Paul, I was with you on that post until your final line in support of FG. I agree that there may be a number of reasons for the stock problems at Heartland. I also believe the company still has production problems. A couple of reasons for that. First, the sales numbers aren't that great. It's possible that they simply aren't selling well, but I'm not convinced of that yet. I'm assuming that if they can't fill orders it's more likely that they still don't have efficient production.
The reason I don't support the efforts of FG and others is because I don't believe their efforts are going to accomplish anything, other than create a distraction and waste of time and potentially money for the company when they need to focus on production and sales. It doesn't matter if Rich is pulling the strings or not, the officers and employees of the company have more to gain or lose than we do. The best way for any genuine long investor to make money is to let the company succeed.
People can argue dilution is taking money from us and lining the pockets of insiders, and while that may or may not be true, if sales or production are lagging, something has to finance the company while they get their act together. If people feel like they're continuing to pour money down a black hole, do as Cabos did and cut your losses, but don't hold your position and cripple the company at the same time. It just doesn't make sense.
I'm not going to research the eligible exceptions, but based on what I have now seen, yes, I agree that it appears as though McBride has been or is delinquent in either his filings or his reported transactions.
Thanks for clarifying.
I believe the policy as it exists today is that we're only supposed to use one alias at a time. I don't know of any restrictions governing sequential names. It sure would be nice if there was at least a way to force people to pass an IQ test, though. That would accomplish the same goal.
There's no question about McBride's status as Beneficial Owner, and I agree with you that an additional million shares is material. Thanks.
I guess that puts us back to the question of electronic vs. paper filing.
Does this apply to additional acquisitions after it has been disclosed and filed that the party already owns at least 5%?
Seems like the question has come up before, but I don't recall seeing a definitive answer.
Anyone?
I agree on both points. EOM
I believe I am using common sense. There may be a number of reasons for Rich stepping down as CEO. Maybe it's as simple as a desire to protect the company, knowing that so much of the pressure was a result of his actions and history. Maybe the company became too big and he realized it was time to bring in expertise. Maybe it took a toll on his health. Maybe he just wasn't having fun anymore.
He may have been opposed to stepping down, but there may have come a time when he decided it was the best solution. Have you ever changed your mind about anything? I question whether the SEC would agree not to disclose their findings if he agreed to step down, yet we haven't heard from the SEC.
I'm beginning to understand why you change your position as often as you do. You don't appear to be nearly as thorough as you'd like others to believe.
If I was an officer of a company and I was going to buy additional shares of the company's stock on the open market, I wouldn't want to make that info easy for the public to get. It makes sense for the activity to be reported, but if it becomes widespread public knowledge, it's more likely that the share price will escalate, thereby costing me more for the shares I'm purchasing.
Similarly, if I'm selling shares, regardless of the reason (maybe my next door neighbor is selling his house and I want to expand my property), I'd rather not make it easy for other shareholders to view my transactions.
I don't know that Rich or others are doing this, but it's not hard to imagine valid reasons why people may choose not to file electronically if they aren't required to do so.
Do you have a link to verify that the reason he stepped down was because he failed to meet SEC requirements? That would be interesting reading.
I agree that it seems likely that all filings come together at some point, although it makes sense that they may not require electronic filing. The task of scanning or somehow transposing hard copy to online would be daunting, to say the least.
I suppose it's possible that McBride is more interested in meeting the requirenments of the SEC than he is with satisfying the desires of a bunch of armchair lawyers and CEOs on a message board.