SETO Semicon Tools Inc. Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : SETO Semicon Tools Inc.

SETO 0.00700

+14.8%

Oct 29 1:05 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Harold V who wrote (3194)	2/2/2001 6:57:25 AM
From: Jim Oravetz	of 3222

During the quarter just ended, the Company was permitted to draw down further on its line of credit with Merrill Lynch Business Financial Services. On the other hand, lending limitations from Malaysian institutions which had eased to a degree have now become more restrictive. Therefore, Management feels that its current need for additional dicing saws and associated inspection equipment with an estimated value of $150,000 will either be lease financed, internally financed or require a new credit arrangement from the U.S. Further, the Company continues to believe it will make other strategic acquisitions over time requiring financing. For these purposes, Management continues to seek equity sales and private placements. Although discussions are in process for such sales and additional sources will be explored, there is no assurance that such funds will become available and if so, that it will be sufficient and on acceptable terms to satisfy specific requirements. From the latest on file SEC Q report. Looks like more dilution on the way. Quite a few tidbits of info in that document, any investor should review it. Looks like most of the divisions of SETO are loosing money. Jim

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next