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Microcap & Penny Stocks : SETO Semicon Tools Inc.
SETO 0.00630-10.0%Nov 5 11:11 AM EST

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To: TraderGreg who wrote (1361)11/26/1998 7:26:00 PM
From: chalu2  Read Replies (1) of 3222
 
TraderGreg, if I recall correctly you scolded me 12 days ago for worrying on this thread that the Malaysian political situation would adversely affect the Company. I know today is Turkey day, but sadly I must also offer you some crow--the recent 10Q paints a worrisome picture of the substantial impact the Malaysian "recession" is having on the TTH situation. The company states it is in fear of a substantial loss for the 10/31/98 quarter because of this, and is attempting to unravel the acquisition. Credit seems impossible to obtain. All of this is due to local Malaysian conditions: as the company says, its liquidity has been "adversely affected" by the "crisis" in Malaysia. Yes, we should be concerned.
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