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gotinearly

09/06/01 8:42 AM

#12186 RE: bigbizz #12185

Bigbizz, perhaps the PP was put in place to stay off a hostile type takeover. When the threat is over, the PP is closed. I seem to remember in 1999 something like that was done with the 10% royalty to be paid to SEVU for secureview. When the threat was gone so was the 10% royalty.

Anything is possible. There can be any number of plausible (sp?) reasons. Including FG's, but not ONLY FG's.

Just another idea.

JMHO

Francois+Goelo

09/06/01 12:17 PM

#12187 RE: bigbizz #12185

Bizz, I hope to find out one day...

the reasons for your unconditional backing of McBride and SEVU, no matter what - NOT that your posts are effective, particularly on RB...

SEVU will NOT open the PP to anyone other than the Insiders and "family and friends"... Its purpose is NOT to raise money - since it's done on CREDIT and McBride could have refunded in cash the $277,000 he owed and borrowed against the Mineral Springs holding - BUT to acquire enough shares to control SEVU and, in my view, take the company private....

I have enough details to know the PP is very bad News for shareholders and forthcoming subpoenas should soon provide a lot more...

Just my Personal Opinion...

F. Goelo + + +