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bigbizz

07/10/03 11:55 AM

#14752 RE: gotinearly #14751

MH..the PP was around 10 million shares...also the TOTAL shares outstanding is around 47 million...this might go up if the loan is paid off with shares.We still have very little debt.Now that Seaview has a contract with Audiovox and Walmart you would think they could get a bank loan next time...bizz

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Madhatter

07/11/03 8:55 AM

#14755 RE: gotinearly #14751

Fact is Got, I believe in this product. I can't understand WHY these morons can't sell the stuff. At one time I believed in management. That is why I havbe lost sooo much money in the stock of this company. Now I see what management is doing! Rich started stealing shares from us, then taught his buddy George how to do it. The PP you refer to was reduced to 10 million shares because investors cried foul at the attempt to steal 33 million shares at $0.10 (at a time when the stock price was many times that). I don't know what games George is playing with our equity, but I do know he is playing games. NO CEO, I repeat, NO CEO... comes to an existing company and as his first act at the healm tries to more than double outstanding shares and steal them away from dedicated investors at a fraction of the price. That is called dilution, plain and simple. I am not opposed to rewarding a manager for performance, but what has this company performed since George and his team came to town? Pump as you and Bizz will, the facts are the facts. Show me the money!

Mad as hell
MadHat