Like I said a few days ago, SETO has some great things going for it, but other things raise questions. SETO's failure to meet stated deadlines is a problem--a credibility problem. Investors don't like getting jerked around. Institutions even less. I'm assuming that SETO's PR firm is reading this thread. If so, you and SETO need to learn either to say nothing or to make sure that what's said is done. Keeping to a schedule of dates is the mark of a well-run company. Giving one excuse after another, after another, after another makes the company look like a sloppy, piece-meal operation. It also makes the deliverer of the news (the PR firm) look like you're out of the loop, that you're no more in the know than anyone else. Your reputation is at stake too.
I hope that both SETO's CEO and its PR firm will also realize that at this point we don't need any more apologies. (We've already been given a string of apologies, and the more we get, the more hollow they sound.) We need precise information that will be FOLLOWED, such that it will build trust.
For the record, I'm not heartened a bit by remarks (excuses?) to the effect "SETO isn't as bad as the other two-bit BB stocks that never get things out on time." If SETO isn't an exception both in terms of its financials and its professionalism, it's not worth owning. Without manifesting both, SETO will never get listed on a credible exchange. Harold V |
