Nice to see you're back Printmail. It has been a while. I figured with all the positive news about SEVU, we'd never hear from you again. Were you at Law School the past few weeks? I'm no lawyer either, but how does one presume that a legal filing (8-K) to disclose inaccuracies in unaudited statements predetermines the company to be guilty? Here's the relevant text from the 8-K you claim to be the basis for conviction:
"SeaView Video Technology Inc., in preparing its review of financial condition and results of operations for the fiscal year ended December 31, 2000, has determined that inaccuracies exist in the Company's unaudited financial statements for the quarters ending June 30, 2000 and September 30, 2000.
Those statements, previously filed with the United States Securities and Exchange Commission, were part of a review of fiscal year 2000 undertaken by the Company's newly-hired CFO. The inaccuracies occur in the recognition of revenue as related to certain purchase orders received by the Company in connection with its products. While the Company has not yet determined the full extent of the inaccuracies, it is believed they are likely to materially affect the Company's
revenues and, consequently, its income, assets, and equity for the reported periods, and the subsequent year-end statement.
The Company is working diligently along with its accountants and auditors to determine the scope of necessary financial restatements. The Company further intends to provide additional disclosures concerning this matter through
appropriate filings with the Securities and Exchange Commission on a Form 8-K, on amended Forms 10-Q, and in the Company's Annual Report on Form 10-K for the period ended December 31, 2000."
If you really want to get "real", see if you can figure out the definition of "fraud". Personally, I think you need a few more weeks at Law School.
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