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Re: Diverdan post# 14773

Wednesday, 07/23/2003 10:27:05 AM

Wednesday, July 23, 2003 10:27:05 AM

Post# of 15369
Mislead me once, shame on you. Mislead me twice, shame on me. For those of you involved with this company as long as I have been, you know I was one of the biggest supporters of SEVU. I visited the company and heald the products in my hand. I put my reputation on the line here at home with friends and family in support of this company.
The false and misleading statements, and constant dilution with management lining their pockets with stock, led me to believe different. George was brought to this company by the person mainly responsible for those agregious acts. George's first act as head of this company was to try and line his pockets with 30 million shares of stock at significantly reduced prices. Stockholders revolted. He got away with 10 million shares. I don't know how much he has taken since that time. I am watching. I am trying to let the rest of you know what the primary objective of this management team has been since the beginning.
Dan, you work for the company now. You have to be supportive. Why not be objective? Why not talk to George and tell us facts about how many shares he owns, how many options he has and at what price to buy, where things are with the SEC investigation, why we are not selling product like we should be, etc. I believe the SecureView product line is a superb product. I believe management is not focused, or not experienced, on selling. I know time is running out on patent protection. Years have been lost with nothing to show for it. Significant dilution has occurred, with nothing to show for it. There were 12 million shares outstanding in this company when I first bought in. We had all the promise in the world. Nothing, I repeat, nothing positive has happened since. We are significantly diluted, deeper in debt, and management is of the genre of the past.
Negative...critical...you bet I am. You had better be watchful of the goings on in this company yourself. Management has proven me right every time Dan. You know they have. I wish you the best. I wish us all the best. But, the proof is in the pudding. Show me the money. Show me what we gave away for this deal with China. What are the specifics? Can you inform us of that Dan? Can you tell us how many options to buy stock, and at what price, George has? Don't you think investors should have the right to know that? Don't you think this company should be forthcoming with all matters relating to stock ownership? Fact is they are not. It's all about the spin.
Enough said, for now. What can you tell us about our company Dan?

Mad as hell
MadHat