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Saturday, August 18, 2001 5:23:01 PM
you will be lucky to get a bank to loan anywhere near 70% more like 50% and only if you demonstrate enough cash flow to warrant such a loan. We all know cash flow is sevu's serious problem.
I have also been thinking that the new management team is who is taking this thing up and they are doing it for very little money. These have left the earning capacity big 5 cpa firms and JcPenny top manangement. They have taken these positions for money I would spit on. They deserve to get the compensation they deserve and since sevu has no cash they should have a stake in the company. I personally, want them to have a stake in the company. Who else is gonna want this thing to take off? granted I think 17million share is huge. but instead of just giving these shares they are at least funding this company with enough $ to get through this growth cycle (hopefully).
A subscription is just that a subscription. I believe these shares will be issued at the end of this arrangement upon payment and not in the beginning when only 20% has been paid. I don't believe this is on credit. If it was, why have the number of shares not changed since this deal was supposedly done in the 2nd Q and on 8/14/01 the same number of shares exist.
Of course trying to stay off a takeover is another possibility and wanting to privatize it is not out of the question. I need more info on this privatize thing.
It is obvious no non-insider can possibly know which it is.
JMHO
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