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Re: bigbizz post# 14418

Tuesday, 07/16/2002 11:04:18 AM

Tuesday, July 16, 2002 11:04:18 AM

Post# of 15369
We're debating chickens and eggs. Even if SEVU had signed a deal with RCA in December, they still have no money and no sales at the time of settlement. The amount lost by shareholders hasn't changed. The only way SEVU can pay is by issuing shares. The plaintiffs may want more shares, but that doesn't obligate the courts or SEVU to grant them. Even if they did, the net difference to SEVU would be the same as long as they're using stock as currency. 6M shares at .13 is the same percentage of outstanding shares as 6M shares at .26.

SEVU isn't calling the shots when negotiating with companies like RCA, Costco, or whomever. They're trying to sell an unproven product to big companies who don't care if SEVU survives or not. I continue to believe that if deals had been signed, we would have heard about it. That doesn't preclude them from sitting on the sidelines waiting to see if SEVU can keep the lights on until the CA settles. If Costco's retail price is any indication, they have been able to drop the cost significantly during recent months, so if customers were interested before, it should be even more attractive today.