By: sumdumguy1 $
Reply To: 41542 by BRMC $$$ Monday, 20 Aug 2001 at 9:54 AM EDT
Post # of 41549
BRMC, thanks for that post.
What people are missing through all this
ruckus over the PP is that SEVU isn't selling anything but stock. If you look at all income from the last 5 Q's you would see stock sales blow away camera sales.
The cameras aren't selling, PERIOD.
What has the new management done ? NOTHING....
If these clowns were being paid on a performance basis,
they would have been history a long time ago.
Once again, The lack of sales has be attributed to
the inability to mass produce.
We have heard that the last 6 quarters, going on 2 years.
If BRMC's post is right, SEVU sold a measily 185 thousand in Product.
Broken down into category $185,000 in Secureviews is only
475 units x $400 per.
About the same in B&W marine cameras
475 units X $400 roughly 185,000.
It would be interesting to see if ANY Secureviews were sold.
With a four man crew(existing)in house, and a 9 million dollar backlog, they can and should have made 300 units a week in house.
If they started in june they should have made and shipped at least 900 units in house, in one month, June, doubling the reported Potential sales of 475 units for THREE MONTHS.
Not to mention August which is almost over.
This is what intelligent companies do to make money,
they manufactor and sell a product. NOT continuos PP's.
This is assuming SEVU sold any SecureViews,
And there is a 9 mil backlog
and they actually care about producing this product at all.
If all product sales are from Marine cameras, then it is the worst sales Q in the past 5Qs and and must be considered a dismal failure.
I am Sumdumguy
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