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Tuesday, February 27, 2001 1:16:50 PM
It is confusing to me? Can one of you long time SEVU guys and gals shed some light on a few questions?
Did Rich pay for the springs deal out of his shares (150,000) then just gifted the assett to SEVU?
(This has been implied, yet to confirmation)
Did SEVU issue the 150,000 for the springs deal and Rich is going to pay back SEVU with 150,000 of his shares?
And the biggest question?
Has the springs deal closed?
The owner of the springs must have had some stock price guarantee's being the shares were restricted? The deal at the time was worth like 1.5 million, now it is only like 360,000. I am sure there was guarantee's or stop losses, warrants at the very very least?
Rich had promised US shareholders a PR explaining the springs deal. I have yet to hear anything on it further from corporate.?
Pleas Post some answers?
Happy Posting
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