Monday, February 03, 2003 8:58:56 PM
Whether people care to admit it or not, SEVU is in very serious trouble. They have a novel product, which many of us thought had great potential, but for whatever reason, the company has been unable to find and maintain a viable (and profitable) sales channel. I know there’s much behind the scenes that we never see, but it doesn’t take a great deal of insight to see that they have lots of products, none of which are selling significantly. IMO, they need to focus all of their resources on one product and see if they can find a way to pay their bills without having to keep borrowing money.
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