Keep beating me over the head.....
After reading the latest A@P "Report", my biggest (and I'll readily admit... it's BIG) concern is the reported legal probation which has not been disclosed. The rest of it is a rehash of Part One. The first third is more BS about Milucky. If it is McBride, or if he knows and orchestrates the messages delivered by same, it obviously demonstrates a severe lack of ethics, but that shouldn't impact them if SEVU actually has products.
After the Milucky allegations, A@P goes on to attack the public SEVU correspondence which we have all criticized. Again, it's certainly not pretty, but tell us something we didn't know. A@P also fails to acknowledge a number of poor PRs which have been addressed and explained. Doesn't say much for AP's objectiveness either.
I think I've said it here before, but I have already made a decent profit from my SEVU investment. Maybe that makes it easier for me to hang on, or maybe I'm just really really stupid, but here's how I look at it: A@P may be right. McBride may be a complete flake and SecureView may be nothing more than smoke and mirrors. I own two SeaView marine cameras, so I know they exist and work, but I have yet to see a production model SecureView. A@P may also be factually incorrect, although McBride has certainly left the door open for him. AP doesn't make direct accusations, but does a reasonable job when it comes to suggesting questionable credibility issues and lets the reader draw their own conclusions. This may make A@P hard to prosecute, but it will certainly cause a stir among whatever percentage of the investment community that happens to pay attention to him.
On the other hand, SEVU may be exactly as they claim. Customers lined up, imminent production, domestic and international markets, patented technology (who cares if it's licensed from someone else or internally developed?), a new COO, and a battle scarred visionary on board (who must prove he's not a scam artist).
So...... what's next? I'm not one to recommend these things to others, but I don't mind sharing my views. I still maintain that the downside has already happened. If SEVU was trading at $10 one could easily make a case for selling, but at less than $2/share, there's very little downside. I probably have more shares than most who post here, but I don't see much value in selling now, even if I could still get $2-$3/share. There's not enough downside risk and still a reasonable upside potential. We have 362 days remaining this year before we have to sell for a tax loss. As far as I'm concerned, lots can happen in that amount of time.
AI
