SETO Semicon Tools Inc. Message Board

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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: Dave Gore who wrote (2401)	5/15/1999 10:27:00 PM
From: KZAP	Read Replies (1) of 3222

Thanks for reminding us Dave. BTW, did you know that after SETO bought Fuji Fabrication, two months later they bought another company? The Yahoo links have expired, but I don't really remember SETO announcing that buy out. Do you or anyone else? TIA This was on the notes to the Consolidated Financial Statements: "On September 1, 1998, the Company issued 1,270,000 shares of its common stock to acquire a Malaysian Company, Southsonic Corporation, Inc., SDN BHD. Soughsonic's only asset consists of four buildings which the Company intends to occupy. The value of the pruchase amounted to $657,894 or approximated $.51 per share. The acquisition was accounted for as a purchase." Note the chart from Sept. 1998 to March 1999. Could this be the reason SETO kept going down? KZAP

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