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Microcap & Penny Stocks : SETO Semicon Tools Inc. -- Ignore unavailable to you. Want to Upgrade?


To: MSo who wrote (2556)6/17/1999 12:55:00 PM
From: two trades  Read Replies (1) | Respond to of 3222
 
From La Guardia GFS:

All predictions of earnings and revenues are based on information conveyed to us by SETO Holdings. We appreciate Mr. Pian's efforts and we extremely please by the record breaking revenues (up 55%!) for the first quarter. Every business requires money to grow, and we are pleased that a majority of SETO's growth is funded internally, and they are currently carrying very little debt nor diluting the current amount of shares outstanding.

Please visit us as www.TwoTrades.com or e-mail us at comerico@doscomerios.com with any questions, suggestions or concerns.

Sincerely,

Phil Hernandez
Public Relations
La Guardia GFS



To: MSo who wrote (2556)6/17/1999 2:50:00 PM
From: TraderGreg  Read Replies (1) | Respond to of 3222
 
I lightened up as well, a 100% lightening. Hard as it was to do, I needed the cash and the last Q truly was a disappointment in light of the promising numbers that were projected.

I'm not singling out LaGuardia here, because I assume they get guidance from SETO management, but the earnings estimates for the fiscal year were way overblown, the filing date estimates for both the 10K and 10Q were wrong, and the .03 EPS estimate for the first quarter were off by an order of magnitude of 2. When I saw profits of $4,052 and looked over the Q, it kind of reminded me of the person who asks how much deductions they need to ensure getting a $40 tax refund.

The sad part of it is that I still like the company, but they just aren't getting it done right now.

TG