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Re: None

Thursday, 11/16/2000 3:17:26 PM

Thursday, November 16, 2000 3:17:26 PM

Post# of 15369
One of the latest bashers fear elements they try to put in your minds can be seen on the RB board posts 11868 and 11867. These posts try to imply that SEVU is going to be unable to timely pay their obligations in a in the very near future because their cash is low and receivables are not only high, but may not be paid in a timely manner.

Anyone who has been involved in a financial capacity in a business of any size at all, know that A) such a condition of high payables and slow receivables happens all the time with ALL businesses, and B) is remedied on an ongoing basis by short term borrowings of up to 70% of their valid receivables from their, OR ANY OTHER bank, OR, the factoring of invoices at any number of sources.

DO NOT LET THEM CONVINCE YOU THAT THIS IS ANY UNUSUAL OR MAJOR PROBLEM!!!