We, (1) keep getting those apologies over delayed earnings releases, but in the meantime, SETO has lost 24% of its recent share price value (from a .72 ask to a .55 ask). We're also, (2) being told that the future value of the company is more important than the per share value of the company, and, (3) we're being told not to worry because the 10k will have to be out by the end of the month. It strikes me that the future value of SETO as a company is not a zero sum game with its price/per share. Most companies see these as . . . well . . . interrelated. Also, given the delay in releasing the quarterly numbers, why should we expect that SETO's 10k will be released by the end of the month just because that's when its required? And, (4) what ever happened to the assertion several days ago that the quarterly numbers would be released "after the close," and when someone sensibly and innocently asked what that meant, he or she was firmly told that everyone knows what "after the close means." In the meantime, the market closed every day for several days and the week came to a close.
I want readers of this post to know that I own a lot of SETO shares, and for a long time have been a believer in the company's promise. By pointing out these 4 things, I am also not "dumping" on the company or its PR firm. I'm asking sensible questions that relate to credibility and investor confidence, which is the common coinage of successful companies and trusting investors. I hope we get some answers soon. Harold V |
