Followers | 49 |
Posts | 3069 |
Boards Moderated | 4 |
Alias Born | 08/24/2000 |
Saturday, August 25, 2001 2:40:33 PM
or how investors perceive the stock... McBride squandered most of some $2.7 million worth of cash, raised by previous PP's, partly on unproductive Advertising, since SecureView was far from being ready... Of course, he made sure he had the personal use of nearly half of it, through Interest Free borrowings from SEVU and all the benefit of the Advertising being channeled through his PR company, McBride and Associates...
Why would it be any different, now that he's about to take full control of SEVU through the PP???...
Cash is available, if/when he refunds the $277,000 he still owes SEVU and by selling the loss generating Mineral Springs, while borrowing between 50 and 70% of its $800,000 value... If more money is needed, it won't be difficult to find "accredited" existing investors ready and willing to take up the 10 million shares McBride was giving himself, at a higher price than 10 cents...
JMHO, F. Goelo + + +
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