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shamus

08/27/01 5:04 PM

#12028 RE: Moron #12027

For over a year, you've been responding to insult after insult from SeaView management with "it's not that big of a deal." During the same period, the stock price has declined steadily. Once SEVU lost over 90% of its former price, your mantra became "it's no big deal, the downside risk is minimal." If a firecracker blew off nine of your fingers, I guess you would say: "It's no big deal, I have one left."

The PP has blown away 50% of your remaining equity in the form of dilution. The stock overhang is now as great as it was when you saw all those 144 filings that you said were "no big deal." How many more "details" about the PP do you need to understand that?