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Francois+Goelo

08/17/01 9:44 PM

#11102 RE: proxime #11097

Proxime, the Products work,...

and have a ready market, the Management Team appears to be marketing savvy, BUT after the PP Trick, which was Okayed by the SEVU Board of Directors, I can no longer trust them to look after the shareholders interests... PITY!....

George S. Bernardich III: Chairman and Chief Executive Officer

J. R. Cox: Secretary and Treasurer, Director

Michael A. Ambler: Chief Operations Officer

Douglas Bauer: Chief Financial Officer

Miles Gould: Director

Brad Gould: Director

If the PP is cancelled or its provisions altered to the satisfaction of ALL the shareholders and McBride is prohibited to interfere with SEVU by Court Order - his shares could possibly be put in a Court controlled Trust, with NO voting power - I still see a decent future for SEVU, as George and Co should have learned a salutory lesson on the way:

DON'T screw with shareholders...

JMHO, F. Goelo + + +

PS: more later on the Privatization aspects....