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Re: bacn4th post# 14844

Sunday, 11/02/2003 10:02:36 PM

Sunday, November 02, 2003 10:02:36 PM

Post# of 15369
Bac - My post was in response to Biz's excuse that "China didnt start shipping until late last month so it may be a little longer before we get that first big sales contract". It's obvious that just about all companies rely upon a "Net X" payment schedule, but that has little to do with selling the product. FWIW, SEVU has forever maintained that supplying product has never been a problem. I have no doubt that the current supplier will enable them to either offer the product at lower prices or (and?) increase the margins, but I also doubt that CSG will extend credit to enable SEVU to build to stock in any significant numbers. I also have a hard time believing that SEVU's problem has ever been their ability to fill "large orders". Their problem has always been closing that big deal.

As for whether or not they're considered "unproven", I suppose it's all relative. I want to see this company do much more than sell a few hundred cameras on TV. If they take that story to Wal-Mart or Radio Shack they won't even get an appointment with an entry level Buyer.

Personally, I like their apparent focus on the OEM and VAR channels. Retail would be nice, but it obviously hasn't worked to date. It would be nice to see it happen, but the volumes sold to other channels could eclipse our most optimistic retail projections. I've watched this company for more than three years. I've reached a point where I'm not going to be picky about where they sell their products; I'd just like to see some decent revenues.