I have read all of the posts and agree and disagree with much of what has been posted. Yes, SeaView is a company with great potential. The products are unique and there is a demand for them. Since I know Rich McBride, I must say to his credit that he is a man of great intelligence and ingenuity. A real pioneer in product development. But I draw the line there. My problem is that after a year of hype PR initiated by our CEO and at present, a company with very little cash flow, I have concerns. Afraid to borrow against the stock for fear of dilution? When you are behind on production and haven't the cash flow to grow - what other options are there? He lives a grand lifestyle by using his stock as collateral to afford himself unlimited luxuries, while the company he started staggers along. We should all be so lucky to live in a $2 million house and have three boats, one of which is an 86 ft. yacht. I have witnessed way too much of what I call "Clintonism" going on here. "Say what they what to hear, but do what you want to do. The truth is a subjective thing and can be interpreted in various ways."
His internal employee problems are unfortunate, but would a real CEO have let these things happen? Why have they had so many security issues when they manufacturer security cameras? I think that Rich should stick to R&D, what he's good at and let the company be run by a real CEO that is qualified and experienced with expanding a public company. What is the longest period McBride has held onto one of his private companies? As for those "close employee relationships"...I have witnessed those at local bars and events they attend. I am sorry to say that Rich's "relationship" with his sales manager, the "smokin Christy" is extremely unprofessional to say the least. This woman who started there in telemarketing sales has completed no college degree and has no management experience. However, she is apparently qualified to be a sales manager? Even more disturbing is that our 48 year old CEO would date his 22 year old sales manager. Is this a public company or a soap opera? I question the maturity of these actions. To my knowledge, he has children older than her. Does this fact compromise the quality of work the company does or is it just in bad taste? Why was she promoted to this position and is it in the best interest of the company given that SecureView sales were way off plan last year? In my opinion it speaks to the ethical character and judgement of a man who holds an important position in a company that is in it's critical phases of development.
I have issues with the credibility or lack there of, that this "leadership" has demonstrated. Great products alone cannot make this company grow. One man is not an island and can not be talented in all areas of running a company. Someone must be able to execute a plan to have the products funded, manufactured, marketed and distributed via national retail. Can our CEO do this?
Last year's plan for the company appeared sound, aggressive and full of potential. One problem - very little of the plan had materialized when the year ended. Is this year another year of promises by a man who may be unable to accomplish what he boasts about to his shareholders? Or should more credible, sound and proven leadership be considered? I will vote my shares with my conscious.
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