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bigbizz

08/08/01 12:52 PM

#10573 RE: shamus #10568

Shamus..so we now have 7...if each one owns 400 shares thats 2800 shares!!! wow....

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Francois+Goelo

08/08/01 1:24 PM

#10578 RE: shamus #10568

***¶*** 7 out of ±1300 Shareholders against SEVU...

are unlikely to sway the Judge towards granting Class Action Status to this Suit...

Let's look at some quick figures here, assuming that the ± 19 million shares outstanding, minus 7.5 million that belong to McBride are evenly spread among ± 1300 shareholders:

11.5 million shares divided by 1,300 shareholders, times 7 = 62,000 shares = 0.005%, worth $31,000 at today's quote of 50 cents/share....

Will these 7 people be able to dictate the fate of SEVU and hold it to Ransom?.... I doubt it very much...

So, it would seem that each Attorney Firm has ONLY one Plaintiff, at most: what a pitiful situation, which I am sure won't be lost on the Judge!...

JMHO, F. Goelo + + +