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Monday, June 11, 2001 12:19:29 PM
McBride may have many faults but he's picked a very Good and Dedicated Team and they REALLY run the place, as he seems to be busy with other ventures...
I expect Accounting and Book keeping, in particular, to be first Class: it certainly won't "show" as much, BUT, it'll be Credible...
Guys like Bernadich, appear to be independently wealthy and I'm impressed that they continue to stick with SEVU after all the problems that have occurred, so I'm CAUTIOUSLY Optimistic...
The Volume you see today, with mostly "Buys" on the Offer appears to be fresh blood coming in and existing shareholders averaging down... I believe that NAIB will eventually cover its Short Position, using the Tailend of the very large sell order it appears to be handling...
Not until the large Seller(s) with a low cost basis using NAIB is finally done, will we see a chance for sustained price recovery... That'll be bumpy, as I'm sure some MM's and other investors will be unloading on the way, what they bought in the 20/30 cents range...
BTW, NAIB traded over 2.5 Million shares in May, against 758,000 in April, closely followed by NATC, with 2.28 million shares, which is supposed to be feeding the shares to NAIB... Third player, EQUI, with 936,000 shares never traded SEVU before...
http://www.otcbb.com/asp/tradeact_mv.asp?Issue=sevu&searchby=i&sortby=v&Month=5-1-2001&a...
JMHO, F. Goelo + + +
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