**** McBride's PP OFFER to NON-INSIDER Shareholders...
I apologize for making a PIG out of myself. I already have 7.5 million shares and while another 10 million would give me virtual control of SEVU again, Frank made me realize that there are better things to do than try to Privatize SEVU for my sole benefit.
Therefore, I hereby offer the 10 million shares I can't even pay for, to ALL the NON-INSIDER shareholders for 10 cents each. The small matter of "accredited shareholders" status, which was overlooked in the previous PP can be resolved to the satifaction of SEC by forming a corporation owned by all the small shareholders that don't qualify. The resulting entity would qualify as "accredited investor" and Frank will explain how and why, since that's his idea in the first place...
My numerous mistakes that have led to this unexpected Class Action Suit, coupled with the fact that so many shareholders can NO longer stand me, will result in my making a complete break with SEVU, leaving my eldest son, Jordan to continue the Family presence there and learn from my mistakes.
In the meantime, I plan to retire to whatever boat I've got left, or still own and potter around in the cockpit, until another Bright idea comes around...
Geez!... I noticed that barnacles don't grow on the transparent part of the cameras where the white infra-red diodes are located: how about Pods, filled with these diodes, spaced evenly under boats tied to their docks? Boy, that would surely solved hull fouling problems once and for all and there are some 3.5 trillion Boats all over the world...
That's it guys, I got my next venture all figured out: use "my" 10 million shares for the best and pay cash for them, so the Board just can't say no...
Repentfully, Richest McBride
PS: Disclaimer for Frank and the SEC, in that order: I'm a Control Person at SEVU and I am paid in many ways with shares and/or cash to promote SEVU's business and my/our common interests.... BUT, NO MORE!...
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McBride may eventually write something to this effect and in that case, I saved him the time and effort...
Just my personal Opinion, F. Goelo + + +
