Danno talking to Mike is just that. Talk.
Here is another great piece of published guidance from the May 1, 2001 PR
From the CEO of SeaView Video:
"There is definitely a lot of selling, manufacturing and shipping happening at SeaView."
Ouch. I guess the definition of 'a lot of selling' means different things to different people. Selling $2000.00 a day in product on average for 3rd Q.2001 must be a lot for George.
If they sold them for $200.00 a piece, that means they were averaging 10 SecureViews a day and not selling one piece of Underwater product. Although I'm sure they did sell some underwater cameras and therefore, sold even less Secureview.
Nothing they say can be trusted much less some off the cuff remarks at a trade show.
Still optimistic if they can keep their doors open. Class action answer from SEVU is due soon. If not, they will default and owe the entire amount. That coupled with year end 2001 earnings due in mid February may spell severe pain for this public company. But who are we to complain. The Pres. says they are selling a lot.
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