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

To: Harold V who wrote (2796)	9/27/1999 8:21:00 PM
From: Dave Gore	Read Replies (1) \| Respond to of 3222

Did everyone see these KEY comments from last Thursday's important PR? THIS WAS THE PR: SETO Holdings, Inc. Announces Signing a Memorandum of Understanding, MOU, to Acquire the Largest Manufacturer of Battery Cells in China [2,000 employees] HERE ARE SOME KEY QUOTES: ... "This acquisition will give SETO a significant edge to capture a sizable share of the OEM and replacement battery market worldwide". ..."The forecast for 1999 assuming the present rate of sales and booked orders is $17+ million, with a net profit before tax of approximately $2 million." ..."When combining Huanyu's present asset base and net worth with SETO Holdings, Inc., it will enable SETO to meet the requirements for a listing on a major stock exchange.' THE BOTTOM LINE: Not many understand that it is not just stock price but net tangible asset minimums that have to be met to qualify for NASDAQ. This acquisition would do the latter, and that is very important, imo.