Another milestone reached in the SEVU saga?
I hope we've reached rock bottom. I hope Bill B.'s other shoe has finally dropped. I hope Printmail, FrankNG, Ken Cook and all their buddies have their axes all ground down. I hope there's only one way left to go... up. For all of the longs who rode SEVU all the way down, for all of the grief and aggravation we've taken from the shorts... we deserve the ride back up. As DK has said many times, there's not much downside left, and a whole lot of potential with the products. For those turkeys who like to end their posts with SELL SELL SELL SELL, let me spell it out for you. When you've down 90% in your investment, you don't lock in your losses when the product you invested in has the potential of SecureView. So, when you tell me to SELL SELL SELL SELL, my answer is UP YOURS UP YOURS UP YOURS!
Rich, you're no accountant, but I'll give you this: When we asked you about the loan, and you said it was repaid, you didn't lie.
4. NOTE RECEIVABLE-OFFICER During the year ended December 31, 2000, the Company
accepted several non-interest bearing notes from an officer, with a balance of $512,757 at
December 31, 2000. The notes are collateralized by 6.5 million shares of company stock. The loan
was repaid prior to the issuance of the financial statements.
When we asked you if the shares to purchase the Springs "gift" were your shares, you didn't lie.
6. INVESTMENTS
The investment security of $889,918 at December 31, 2000, represents a 21.23% ownership of
capital in Golden Springs LLC, a state of Florida limited liability company. In consideration for its
equity position in Golden Springs, LLC, the Company conveyed 150,000 shares of its common
stock to Golden Springs, LLC subject to restrictions under Rule 144 of the Securities and Exchange
Act of 1933, as amended. The resolution approved by the board of directors to issue shares
dictated that the shares be replaced by the President and C.E.O. These shares were contributed in
2001. The investment is accounted for under the equity method.
I still believe in the products, and will give the new team a chance. I'll ride my shares to zero or $100, rather than sell them to the likes of A@P and his henchmen after what they've done. People who short stock that doesn't exist need to be drawn and quartered, IMO.
One final thought for the longs that are in the hole on this stock at the moment... If you're in at $10.00/share, and it goes to zero, the IRS is going to give you $2.80/share back! LOL
P.S.
HAPPY that you're not
POSTING anymore, Printmail. Here's your hat, what's your hurry!
