Friday, August 17, 2001 9:46:18 AM
ALL of you longs crowed about the PP when it was announced, Managenment is backing the company!, Insiders are confident!, This is great news!, etc. etc.
Now we see what the TRUE value of SEVU stock is worth. Insiders and Management who know SEVU much much better than any of us do have valued SEVU stock at .10 a share, And to top it off they only had to put 20% down. I am intersted in the time till restrictions come off and registration of shares begins.
Think about a year from, if that is the restriction time, The market will be flodded with 17 million shares at .10, You all know what will happen, SEVU will be sold by the boat load! With a .10 cost basis bought on a 20% down SEVU is now destined to be in the below .25 range for years to come.
The 20% down is the kicker, Managenent is saying we dont even like the shares at .10! We want them in efect at .02 each! Now if that is not the worst thing this company could have done.
For once, I am with FG, His posts the last 2 days are right on the money, I am sure he got burned by the posse as much as anyone, All of you insiders posting here need to watch out, Govern yourself accordingly! SEC is watching!
Thanks George & Rich! You finally have vindicated me and my posts!
Long live Truthful PR & SEC filings!
JMHO
JP
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