Another SETO Update from IR:
SETO HOLDINGS, INC. (OTC:BB SETO) UPDATED SCHEDULE FOR FINANCIALS TO BE RELEASED
Continuing our coverage of SETO Holdings, Inc. (OTC:BB SETO), We were happy to see over 95% buys today on nearly 200k shares traded. We are reluctant to say whether or not the financials will be released tomorrow, but would like to share with you our most recent communication with Gene Pian, President of SETO, who is currently at SETO's wholly owned subsidiary, FUJI Fabrication, in Panang, Malaysia:
Carlos
Very sorry for the delay again but we have a trial balance difference with the two divisions in Malaysia. Since we only acquired Fuji 6 months ago we did not change their accountants it has created some problems with consolidating the accounts in NY, and we had the restructuring in Sept. 98 which also makes it difficult. Working very hard to complete by Fri Malaysia time (also Fri am NY time). Can only know when our accountants are in their office tomorrow. It is now 1 am Fri and cannot reach anyone here. Will keep you informed.
Gene
We will continue to keep you informed as often as possible. La Guardia GFS has informally opened our new web site, www.DosComercios.com, and we urge you to visit our site and the SETO corporate profile, in addition to forwarding us any suggestions via e-mail. Don't forget to join our NEW POSTING FORUM, and check back early and often for the latest and greatest developments on all of the issues we are currently tracking.
La Guardia has been compensated by SETO to manage their investor relations ($5k cash retainer / 150k shares of restricted stock, said stock is restricted until March 12, 2000). In addition to the above listed compensation, La Guardia GFS has purchased in excess of 180k shares of stock on the open market over the past 30 days, and will continue to acquire additional shares in SETO as our portfolio management protocol will allow.
As always, we encourage and recommend highly that any investor do their own due diligence prior to making any investment, and we do not advocate purchasing shares in any company based on this recommendation and/or technical analysis alone.
PLEASE CONTACT LA GUARDIA GFS AT 800.292.1361 OR COMERCIO@RIOGRANDE.NET.MX
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