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Microcap & Penny Stocks : SETO Semicon Tools Inc.
SETO 0.007000.0%Nov 21 9:30 AM EST

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To: KZAP who wrote (1663)3/13/1999 1:42:00 PM
From: TraderGreg  Read Replies (1) of 3222
 
Now comes TG aka Rodney King asking if we all can't get along<g>

KZAP--I understand your frustration over the P&D accusations. Here is little SETO which goes about its business for sooooo long, without hype, little notice. Just doing its thing. Minimal posts to the SI thread and even less hype.

Meanwhile, every schlock penny with a P.O.Box, telephone, fax, and web site promises everything from cancer vaccines to near perpetual motion machines, without a single financial, a single penny of profit, and some with no revenues. They seem to get away with it.

Now, one day, near the end of the trading day, SETO, for once in its history, makes a very sharp move and is instantly beseiged with accusations of P&D. (Reminds me of how Gary Hart must feel right now. One night with Donna Rice and his political career became toast, while Clinton is made of super teflon.)

Deservedly so, you and I take offense. The company has never demonstrated a desire to particpate in those kinds of activities. They have spurned those offers in the past.

Unfortunately, I think that in defending SETO, you may have overreacted to David Smith and Lakers' posts. I read them over again, have spoken to David, and have had PMs with Lakers PRIOR to yesterday.

Lakers likes SETO, honest. He was upset for just missing its move. Believe me, I and you know how that feels. David has similarly thought SETO was a good company.

All that both of them were saying is that, in their opinion, somebody wanted to run SETO. With all due respect, it is not heresy to see a run from 38 to a buck and a half in the last 15 minutes of the trading week and call it a P&D.

NEVERTHELESS, THOSE ACCUSATIONS BY DAVID AND LAKERS WERE DIRECTED TO THE SITE PROMOTING SETO, NOT MR. PIAN AND THE COMPANY ITSELF.

Moreover, nothing has changed my opinion on the quality of this company and that long term it will be on the NASDAQ National Market.

TG

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