Hi Frank,
Just the words pink sheets give me the shivers.
What are the chances? What do you make of this pr?
charles
BRIARCLIFF MANOR, N.Y.--(BUSINESS WIRE)--March 15, 2004--SETO Holdings Inc. (OTCBB: SETO - News) today announced the commencement of a voluntary odd lot sale program (the "Odd Lot Program") for stockholders of less than 100 shares ("odd lots") of SETO Holdings, Inc. (SETO) common stock as of the close of business on Monday, March 15, 2004. SETO values all of its stockholders. However, we realize the cost and inconvenience of selling such odd lots. The odd lot program will provide an opportunity to stockholders, who own less than 100 shares, to sell such shares to SETO Holdings, Inc. for $0.20 per share with no brokerage fees. Information on how to participate in the Odd Lot Program will be mailed directly to all eligible participants. SETO is not recommending that any odd-lot holder sell his or her shares and SETO encourages each odd -lot holder to make his or her own decision as to whether to participate in this voluntary program. Although the odd-lot program is part of SETO's on-going repurchase program, in the event this odd-lot program reduces the number of SETO's registered stockholders to less than 300, SETO may deregister its common stock and suspend its reporting obligation under the Securities Exchange Act 1934, which would result among other things, in SETO's common stock being delisted from the Bulletin Board and only being quoted on the Pink Sheets, which is a centralized quotation service that collects and publishes market maker quotations in real time. The odd lot program will expire on June 15, 2004 at 5:00PM EST. |
