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Re: Brettin post# 2911

Thursday, 12/14/2000 3:51:05 PM

Thursday, December 14, 2000 3:51:05 PM

Post# of 15369
There's just one minor oversight in your comments Brettin: The expectations many of us are asking SEVU to live up to weren't set by the people on this board or someone's pipe dream of what the company may someday accomplish. The expectations were set by SeaView.

I agree that they appear to have done quite well in a short amount of time, but they continue to fall short of their own projections. This isn't as minor as falling short of expectations by a few percentage points. SEVU has cut earnings projections by half, and may not even make the revised numbers. They are doing virtually no advertising, yet they are still unable to come close to meeting demand. On one hand, it's a great sign that the market potential is so great, but the bigger distribution channels won't tolerate a company that can't deliver in a timely manner.

If that's indicative of the future, we may as well grow accustomed to holding stock in a $75M Bulletin Board company, because they'll never make it in that "real world" you referred to.

I'm hoping the new COO will turn things around. I'm still cautiously optimistic about the future, but I can't believe anyone with even a small degree of objectivity isn't somewhat concerned.

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