MY FINAL POST
I wish you all the best. The problems inherent here are enormous. There is NO rational reason for any new money to flow into this stock.
1. The founder and current officers have no credibility, even with current shareholders.
2. The rape of shareholders via the Private Placement is unconscionable. It is in total disregard of fiduciary responsibilities.
3. Outstanding legal matters will be a severe drain on SEVU resources.
4. A Market Value of $17,000,000 for this company cannot be justified by any valuation metric.
5. The company, its officers, and insiders apparently continue to disregard SEC regulations concerning filing of disclosure documents.
6. The company consistently refuses to disclose relevant production information. It instead hides under a shield of “we don’t want competitors to know our business”. This from a company that insists it has no competition for its product.
7. And finally, everyone here ASSUMES there is an unlimited market for the company’s products, without any proof. Where are the market surveys? Where is the test market? The only test market we have “seen” is the alleged 9M in backorders. Remember these “orders” were mostly obtained via telephone solicitations for consignment accounts. Even though WE may think it’s a neat product, that doesn’t mitigate the fact that it’s an unproven product selling into an unproven market.
Taking all of the above into account, this company has a hard road ahead. THIRTY SEVEN MILLION SHARES!!!!! Outrageous! There are MANY companies with less than 10,000,000 shares EARNING over TEN MILLION DOLLARS each year. The numbers here just don’t add up. It’s a fool’s game, pure and simple.
The above is just my personal opinion. Do with it as you will.
Best of luck to you all. Goodbye.
Bill Branum
