Credibility is starting to slip -
SEVU is establishing a track record of not meeting predicited or promised events. The rosy outlooks and upcoming milestones promised each week are frequently delayed or never materialize. Additionally, the company doesn't announce when plans change or explain why (pre)announced events don't happen. I understand that events may force a change in plans, but that ought to be the rare exception rather than the rule. It doesn't long to loose credibility, something that is extremely important to a new company trying to move to the AMEX and establish business deals with major corporations. It would be better to not pre-announce events than to announce them before all the loose ends are tied.
I am not a basher. I have staked a lot on SEVU's success (in fact I bought more shares today), and I like Mr. McBride's philosohpy of communicating with shareholders. But I am concerned about the apparant lack of coordination within the SEVU management and/or the manner in which pending developments are pre-announced. If the company wants to publish information, I would be interested in some real news, like production capacity, testing results, units shipped, units in stock, status on meeting 2000 revenue projections, etc. When the company makes an announcement, it should be personally approved by Mr. McBride.
Looking forward to next week's PR...
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