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Pointless Adam? hardly, since the Cheoy Lee was bought with compay stock, and has since been confiscated by the IRS.
and close to $ 200,000 has been put into the Norseman
once again using company funds.
So you are looking at 2.5 to 3 million dollars of SEVU money spent on boats. Pointless you say?
What would a cash infusion of 2.5 mil do for SEVU right now?
Too late to sell the Cheoy Lee.
Rich, sell the Norseman and donate the proceeds to SEVU.LOL
Now that's funny Diverdan! CaseyOne
Adam Typo, I stand corrected. Sorry.
Norseman 60'
CheoyLee 90'*
*currently in the hands of the IRS.
Threatening at worst, extremely unproffesional at best.
Cabo,90' woodenhulled sportfisherman.30years old = or -
That Rich has had a major overhaul done on at shareholders expense.
Rich keeps a full time captain on the SEVU payroll to the tune of about 40 thou a year. This guy does a great deal of personal work for McBride.
Of course, with the 90footer confiscated by the IRS
he might be mowing grass.
CaseyOne
By: sumdumguy1 $
Reply To: 41542 by BRMC $$$ Monday, 20 Aug 2001 at 9:54 AM EDT
Post # of 41549
BRMC, thanks for that post.
What people are missing through all this
ruckus over the PP is that SEVU isn't selling anything but stock. If you look at all income from the last 5 Q's you would see stock sales blow away camera sales.
The cameras aren't selling, PERIOD.
What has the new management done ? NOTHING....
If these clowns were being paid on a performance basis,
they would have been history a long time ago.
Once again, The lack of sales has be attributed to
the inability to mass produce.
We have heard that the last 6 quarters, going on 2 years.
If BRMC's post is right, SEVU sold a measily 185 thousand in Product.
Broken down into category $185,000 in Secureviews is only
475 units x $400 per.
About the same in B&W marine cameras
475 units X $400 roughly 185,000.
It would be interesting to see if ANY Secureviews were sold.
With a four man crew(existing)in house, and a 9 million dollar backlog, they can and should have made 300 units a week in house.
If they started in june they should have made and shipped at least 900 units in house, in one month, June, doubling the reported Potential sales of 475 units for THREE MONTHS.
Not to mention August which is almost over.
This is what intelligent companies do to make money,
they manufactor and sell a product. NOT continuos PP's.
This is assuming SEVU sold any SecureViews,
And there is a 9 mil backlog
and they actually care about producing this product at all.
If all product sales are from Marine cameras, then it is the worst sales Q in the past 5Qs and and must be considered a dismal failure.
I am Sumdumguy
By: BRMC $$$
Reply To: None Monday, 20 Aug 2001 at 7:05 AM EDT
Post # of 41548
Looks to me like the party is over. Anyone reading the financials in the latest Q filing will soon realize that the revenues reported for the qtr ($500,000+) probably included the proceeds of the PP ($318,000+)and actual revenues for marine products are down substantially and revenues for SecureView are practically non-existant.
Rich McBride takes interest free loans of company cash and repays them with soon to be worthless restricted stock.
No reference to the ongoing SEC investigation.
No reference to the 9 million backlog on SecureView.
No Form 3-4 filings for insider trades.
No 8k filing for PP.
George lied at the Annual Meeting about the PP by stating that the lawyers were still working on the paperwork and he didn't have details on price etc., meanwhile insiders had allready purchased stock through the PP.
McBride lied once again stating that he would not vote his shares at the annual meeting.
McBrides family members, company insiders and pets exposed as posters on the various SEVU threads.
IMO, 10 cent PP shares may soon turn out to be fairly priced when all factors are figured into the SEVU share price.
Richy, You paid the money after skimming SEVU and only before your attempt at early termination of felony probation for Organized Fraud.
You have put tens of thousands of SEVU Money into the Norseman
but it ain't worth nowhere close to a million and will probably be the IRS's next seizure.
Your continued lies here are amazing.
CaseyOne
You are a conman's dream.
From the SI board:
To:Tastes Like Chicken who wrote (1909)
From: Ñ Saturday, Aug 18, 2001 12:17 AM
Respond to of 1910
Earnings. Sure they've got em
Positive net earnings
And they're way up
It must be true because the PR headline says so:
"SeaView Reports Sales +52%, Net Income +88.4% in Q2 "
Must be a terrific company, right?
But wait ....
Funny thing is that no financial statements are given in the PR. You have to look for them in the 10Q. And what you will find there is that NET INCOME was NEGATIVE. As it always is.
The headline of that PR implied that net income was positive, that it was positive a year ago as well, and that it was more positive this time than a year ago. And all of that is contradicted by the filings.
What's more, while the PR reports that revenues are up, and gross profit is up, it fails to mention that in the latest SIX month period, REVENUES DECLINED, and GROSS PROFIT DECLINED.
So what they did is selectively report results only for a quarter, which was compared to a bad quarter a year ago, while faiing to also announce results for the six month period as is customary, in order to avoid revealing that things are getting worse over that period.
Overall, a hugely misleading "earnings release."
Adam, I begged you not to get involved.
There are no threats here.
There have never been any.
You dad's claims of threats are lies as well.
You are free to come and go as you please.
Enjoy your education, it won't be free.
You are a fool, I pity you
CaseyOne
Adam, I have met you before. You visited last summer.
I agree with Francois assessment you are probably a decent guy.
Please I beg of you don't get wrapped up in this mess your dad has created. Look at the stalwart SEVU supporters who have left his camp in disgust recently. LaShark, cabo, even Francios. Bigbiz is actually asking questions.
They all have there own reasons but they are fed up.
Who is left in support of your dad here?
DiverDan? he's in to deep now.
DK76? always preaching caution and dangling a carrot?
He is probably JR COX.
You see other than employees and a few people that are in TOOO deep he has pissed everyone else off, hence YOU, new meat.
The origin of the word CONman is the word confidence.
He has yours and will use it. Don't go to Florida.....
CasyOne
Rich, your game is confusion.
If you had spent say 1 million dollars on advertising last year rather than 2.5 mil, That would have left you with 1.5 mil to begin production and part purchases. You the R&D guy knew that SEcureview was not ready, why did you spend so much on advertising more than a year before production?
The logical answer seems to be that the money was skimmed
through R.L.McBride your AD agency.
McBride you've had plenty of money flow through your hands
and many opportunities to do the right thing.
The 1.5 mil from thr scenario above and the .5 mil in cash you borrowed, would have given SEVU 2 million dollars to
begin production. That is what the money is for.....
But you squandered it.
There is no reason for this PP other than Rich spent all the money. YOUR MONEY. CaseyOne
FG, you are correct about what McBride said
about the boat. It was in a" view form the bridge"
and he also stated that the name was the Seaviewer. His statement was that he had less than 25 thou IN CASH into it.
I am begining to suspect Got and DK.
Anyway,CaseyOne
Here is Christy posting as P2
Notice the use of your instead of you're
that is one of her trade marks.
So you have the ex CEO and the current sales manager posting as P2
By: Printerman2 $$$
Reply To: 41515 by BRMC $$$ Saturday, 18 Aug 2001 at 12:45 PM EDT
Post # of 41521
Bumr
That info is in the Proxy info mailed to all stockholders.
You don't own stock, your a basher! I think a rule should
be passed that all bashers report how much they get paid
per response.
Then they should be required to own x amount of shares.
If you have more than 3 alias's like tchock, you must
also report it. Without his 5 alias's you shamoop and
soiledbad would be the only negative posters.
Allthat
All Of Rich's posts have spaces between lines.
Like this and then he starts new ideas.
He uses to rather than too.
There are many more, can you spot them?
P2 is Rich with Christy posting as well.
By: YesItsTrueII $$
Reply To: None Friday, 17 Aug 2001 at 8:23 AM EDT
Post # of 41521
Ronco Rich posts (notice the time):
Posted by: Rich McBride
In reply to: Claire who wrote msg# 10927 Date: 8/16/2001 9:54:05 PM (ET)
Post # of 10932
Frank
You always wanted to run this business, always mad at me because I would not listen to you. You wanted to write the PR's too. The basic back seat pc driver.
My suggestion, go start your own company, take it public
and make it happen! I have done it. Then come back and
tell us how to invest our money
Put your attorney where your mouth is and actually do
something besides talk. You never have and never will
effect me or what I do. I will be here waiting.
Don't be surprised if you end up by yourself. A similar
feeling when you went to SI after getting kicked off
this thread.
You let anger lead you around the room. The first rule
in investing is never fall in love with a stock. The
divorce can be depressing and costly.
Bring Printmail back, he at least had conviction and
never wobbled on his course.
Rich McBride
PR posts (33 minutes before the Ronco post):
By: Printerman2 $$$
Reply To: 41425 by bigbizz Thursday, 16 Aug 2001 at 9:21 PM EDT
Post # of 41450
Biz
I've been on the road. Lots of reading? Taken it all
in. I see the bashers are scared to death.
Grabin at straws and hitin everything! Ye haww buba's.
I sleep god knowin there a tossen and a turnin. They
thought the stock would fall off the earth.
Didnt happen todo, just foolish Frankie sellin cause
they wouldnt let him run the company.
Sleep time for me boys, can't play tonite, toonite,
or is it Twonight. HeeeeeeeeeeeWOWcan you say to bad.
Luvinit
[Anyone who doesn't think P2 is the one and only Ronco Rich is fooling themselves. Rich is/was Miluky, that's a known, does anyone think he could have given up his message board posting addiction. Of course not, he switched names IMO. I've always said RLM wasn't the sharpest tool in the shed, now he's proved me right once again.]
(Voluntary Disclosure: ST Rating- Strong Sell; LT Rating- Strong Sell)
Adam, Stay in Indiana. There is no future here with Rich.
Ta,Adam,Rich's son,whoever you are,
Read your own post. You lost money, you bought during last years period of falsified income, thus, during the class action period.
Your father scammed you and you spent your money and lost by your own admission.
Posted by: TAfirehawk
In reply to: CaseyOne who wrote msg# 11008 Date: 8/17/2001 9:33:03 AM (ET)
Post # of 11123
Casey, there is absolutely no compensation with my posting!!!
If you bothered to read this board regularly, then you would know I have been critical of SeaView also.
Your other questions are difficult to answer because you word them assuming this is a scam. That whole pretense of the issue is wrong. There is no scam so there is nothing for me to know or Rich to deceive me with.
Oh I forgot the first question, yes I have purchased open market shares with my own money in the last 18 months. My largest purchase was at $2.10 so I am still in the red on those shares. No I have not and am not involved in any PP for SeaView, sorry FG, no shares at 10 cents for me.
JMHO, Adam Jordan
Rich, what happened to the 9 million in back orders?
Your new management team didn't save any of them? or
did they disapear like last year's 3.4 million in Dealer floor
accounts receivable?
How much of SEVU's 1/2 a mil in saleslast Q is actually form Secureview?
In over six months Secure view has not sold enough units to make payroll.
The fact is, there has never been mass production of
Secureview because that costs money that McBride is busy spending on himself
How long can you people hang your hopes and dreams on a Home Depot or Wal Mart or Taiwan.
Judging by the income reported in this past 10q there is no backlog. and you have been lied to again.
Get out while you can.
CaseyOne.
Rich, you are a serial liar.
You care nothing about this company or the people involved.Look what you did to Arch Cook a 65 year old man with a heart condition.
You've taken money from you own son to perpetuate your scam.
And you have never apologized for the 10 Q lies which occured on YOUR WATCH.
Therefore, I can only conclude that you are a thief and a liar and you deserve what you are about to get.
And CaseyOne!
By: sailbad43 $$$$
Reply To: 38689 by gotinearly $$$ Friday, 6 Jul 2001 at 12:23 PM EDT
Post # of 41478
Gotin, I'm not skirting issues....
If Suburban Capital filed with the SEC to say that they had acquired 1.5 million shares of SEVU, and if Seaview did not issue them, then they must have been purchased on the open market. My message pointed out that Seaview filed two conflicting statements with the SEC and there has been no subsequent correction.
If you want an example of skirting then just ask George and Rich why they have not filed a 13D form for the purchased that they made on the open market. And their answer of "mailing it in" just does not cut the mustard. Look at this link from the SEC:
The amendments clarify the number of copies required to be filed to the extent paper filings may be made. The Commission notes that paper filings would be relatively rare, since all Schedules 13D and 13G must be filed in electronic format, unless they relate to the securities of a foreign private issuer or the filer has received a hardship exemption.
Additionally, the rules have been revised to eliminate language regarding filing fees for Schedules 13D and 13G since such fees have been previously eliminated.
Finally, technical amendments to Schedules 13D and 13G have been made to conform the schedules to the proposed rules and to amend the filing deadlines and the number of copies in the instruction.
http://www.sec.gov/rules/final/34-39538.txt
If anyone is living in a area where the costs might not be too high, they can call the SEC at 202-942-8090 to get copies of any forms that have been filed by mail. These documents are public information, and enquiries can also me made by email to publicinfo@sec.gov, so don't think that they can hide the details much longer.
Better call 'em up Gotin, these boys will have to answer real soon.
Sailbad
Her is a start:
By: ub43 $$$
Reply To: 38690 by sailbad43 $$$$ Friday, 6 Jul 2001 at 12:45 PM EDT
Post # of 41478
Two more ways that Suburban may have acquired SEVU shares:
1. Private party negotiated transactions not done on the open market.
2. Loan collateral foreclosure.
You can bet there would have been a press release at the time the 13D was filed had Suburban made open market purchases.
Something like: "Suburban Capital purchased SEVU shares in open market transactions for investment purposes because Suburban believes SEVU shares are substantially undervalued."
Since no such PR was forthcoming, I doubt Suburban made open market purchases of 1.5 million SEVU shares.
He double pump and dumped you guys
First with the marine cameras
then with Secureview
all the While skimming and spending our money
and buying 90 foot yachts
million dollars homes
and traveling on private jets at 15 grand a pop.
Oh yes true believers all this has been revealed to you in the past and soon you will be forced to take the bitter pill of inaction.
There is no mass production
There is no money
and you have been scammed........
Salvage what you can and tell your story to the SEC
Francois can direct you who to speak with as there is an
ongoing investigation.
Keep pushing Dan. Soon you'll be the only one left to lay that golden egg. Wash it off first, I think you'll find it's rotten.
Proxime, He has been raping SEVU for years.
2.5 million to RL McBride for advertising last year.
1 million shares for worhtless UW camera patents
Numerous cash loans
The amounts pilfered in cash and stock will be staggering.
Pull the trigger CaseyOne
And you are a law enforcement officer? Mr Intuition.
Can I borrow your pistol I need to go to the bank?
Is this the answer to the shares sold by Suburban Capital?
Here is another trick: Pledge your restricted shares as collateral for a Cash Loan, then default on the Loan... The Creditor can then easily obtain a Court Order to have the Restriction lifted and sell the previously UNSALEABLE RESTRICTED shares... Proceeds get divided by Agreement...
Adam, With the lawsuits and SEC investigation
didn't you stop to think that just maybe
something was going on?
And now with Francios's public denunciation
of your dad and his "business tactics" the evidence of wrongdoing continues to mount.
How will you feel if you discover that your dad
decieved you and that you had spent and lost your own money because of his deception, in effect scamming his own son.
How would you feel?
CaseyOne
Adam, are you telling us you bought your shares?
And you are not compensated for posting?
And you had no idea that your dad's operation was less than scrupulous?
If you did know, then you are involved in the scam, and subject to prosecution.
If you didn't know that means that your father involved you in his criminal misdeeds by decieving his own son.
Either way, you and pops are both losers in this one. I fell sorry for you.
CaseyOne
Francios, Feel free to E mail me.
Rich, your house of cards will fall soon.
You have hurt many people both financially and emmotionally.
The damage to SEVU is beyond repair.
And now it seems you have drawn your son into this little charade. Did you decieve him as well? or is he a willing participant?
Either way I find this behavior reprehensible.
And CaseyOne!
Francios, Talk directly to Andrew Snowden at the SEC.
TA I am indeed sorry for you if Rich is your father.
It seems your dad's distorted sense of reality has affected you. I too have family ties in this SEVU situation.
Francios, You are correct in all that you say about McBride, The remaining longs are all insiders, how could ANYONE be fooled for so long and so completely?
McBride is a man on felony probation for organized fraud I need say no more.
The exposure of SEVU wrong doing to the SEC have been going on for more than a year.
Your revelations will clarify some remeaining questions.
Let it out Francios
you will feel better!
CaseyOne
Francios, You have joined, like it or not.
You have finally been able to see past the smoke and mirrors,
and you don't like what you see.
Now you know that you were wrong all along, and that you may have cost unsuspecting investors serious money with your prognostications.
Don't be a Leroy, admit you were wrong, apoligize, and then give all the info you have to Andrew Snowden at the SEC.
Then you may continue your crucification of McBride in a much less hypocritical light. Embrace your new found bashing friends
for they are obviously smarter than you to a man. They figured it out months ago!!!!!
Listen next time and you may learn something.
Good Luck CaseyOne
Hooray for Francios! However,
The fact that McBride is less than scrupulous is not a revelation to many people here. I would hope Francios, that you
would wish to make amends and join the good people who have
correctly pursued this person for what he is, some for nearly a year.
Fellow posters, McBride will not sue you. If he did not sue A@P or Ken Cook or Jim Page or Yit/Tomo?? he isn't going to sue you!!
Besides, he's BROKE!!!
Every illegal and unscrupulous deal will be exposed, and the guilty will go to jail.
It's not like anyone died or anything?
I am sorry for the decent people who were decieved by McBride and lost money and more.
You were warned. CaseyOne