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Francois+Goelo

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Francois+Goelo

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Re: Seahag post# 6052

Friday, 02/23/2001 3:08:57 PM

Friday, February 23, 2001 3:08:57 PM

Post# of 15369
SH, New Management should chuck out...

the old projections, even though a safeguard was provided, as they were premised on producing AND selling 400,000 SecureView during the year... I used to think it was possible but I no longer do so... I also believe the "Gross Net Profit", whatever that actually means (Probably equivalent to EBITDA) is likely to be substantially lower, in terms of percentages...

I'd be very pleased if SEVU produced $40 to $50 Million in Revenue and $10 to $16 Million in Net Earnings for 2001...

JMHO, F. Goelo + + +


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