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Microcap & Penny Stocks : SEVU: New Invention of Great Potential... -- Ignore unavailable to you. Want to Upgrade?

To: who cares? who wrote (1912)	8/18/2001 1:29:15 PM
From: StockDung	Respond to of 1992

7. PRIVATE PLACEMENT CAPITAL OFFERING During the six months ended June 30, 2001, 17,042,000 shares of the Company's restricted common stock were offered for sale through a private placement under Rule 506 of Regulation D. The placement was open to select officers, employees, and representatives of the Company for the purchase of common stock. During the six months ended June 30, 2001 $318,750 was received under stock subscription agreements. A receivable for subscriptions of the remaining shares of $1,385,450 was recorded as a reduction of equity as of June 30, 2001. Proceeds from the offering are being used to fund operations of the Company. GOPHER INC, SEAVIEW UNDERWATER RESEARCH INC, filed this 10-Q on 08/14/2001.

To: who cares? who wrote (1912)	8/18/2001 2:30:22 PM
From: StockDung	Read Replies (1) \| Respond to of 1992

Like many pump and dumps, there inevitably came a day when there will be a falling-out among thieves. Posted by: Francois+Goelo In reply to: gotinearly who wrote msg# 11124 Date: 8/18/2001 10:49:56 AM (ET) Post # of 11137 Here is what's WRONG with the PP.... and I find it borderline Fraudulent... It may in fact be Fraudulent... Here what's wrong with it... + The pricing was carefully set, while waiting for the lowest trading price, induced by RELENTLESS selling over a 2.5 months period... + It should have been for just enough money, as SEVU needed, based on the stated expectation that SEVU would do well in subsequent Q's and the share price would rise... + Had McBride refunded the $277,000 in cash, the first tranche would have been unecessary... + 17 million shares is aberrant, as the Insiders couldn't even pay for it at this ridiculously low price and it had to be done on CREDIT!... + It only benefits Insiders (against the Law) and wasn't offered to shareholders who had previously "qualified" for other PP's to mitigate their losses and other holders affected by McBride GROSS Mismanagement (Class Action...)... + It was done, in my view, so the doubling of the outstanding shares would allow McBride and Cronies to take over majority control of SEVU, possibly leading to subsequent Privatization... + An 8K should have come out within 15 days of the event, as doubling the outstanding is VERU MUCH a Material Event... But it would have disclosed who benefitted most from the PP and McBride doesn't want that... investorshub.com investorshub.com BTW, McBride continues to Flaunt the SEC Laws, among others and Separate Specific complaints will be filed with SEC shortly, which will include among others: - Continuing misleading PR's... - Violations of SEC Rules governing 8K's... - Repeated Breaches of Rule 17(b) by posting without a Disclaimer, under the name of "Rich McBride" and "Printerman2", while being compensated... - Failure to disclose original SEVU holdings in a 13D Filing, Form 3 and subsequent Form 4's every time his SEVU holding changed... - Breach of Rules and Regulations governing the issuance of PP's He really thinks he's above the Laws, as he's been getting away with it for so long with only 6 years Probation for pleading NO CONTEST to a charge of Felony Fraud... Just my Honest Opinion, F. Goelo + + investorshub.com

To: who cares? who wrote (1912)	8/20/2001 9:10:52 AM
From: StockDung	Respond to of 1992

*¶REPORT on McHand-in-Till-Bride.... Posted by: Francois+Goelo Date: 8/19/2001 4:16:09 AM (ET) Post # of 11270 ¶*REPORT on McHand-in-Till-Bride.... The Attorney needs a picture of the Funds that "Hand-in-Till" McBride has PILFERED from SEVU's Coffer, in order to calculate the Interest Bill he's going to have to pay, to help make the PP REDUNDANT... Period March00 June00 Sept00 Dec00 March01 June01 SEVU Cash $418K $674K $202K $41K $4K $129KPILFERED $1,146K $469K $491K $513K $318K $325K Hand-in-Till Pilfered more Interest Free Money for his personal use than was left in SEVU's Cash account for 5 out of 6 Quarters... Over the March 2000 Quarter, he appropriated close to half the original PP money to allegedly buy Condos, Yachts, Planes, what-have-you..., leaving about a third of that in SEVU's Cash account... Over 6 Quarters, he Pilfered an average of $544K, leaving ONLY an average of $245K in SEVU's Cash Kitty... In other words, on average, over 2/3 of SEVU's Cash was in Hand-in-Till McBride Pocket during this 6 Quarters Period, earning him interest and DEPRIVING SEVU shareholders... IMO, this is Tantamount to systematic Theft, by robbing interests due SEVU and we plan to present McBride with a compounded Interest Bill of close to $100,000... He said it was normal for Officers to do that?... Perhaps, for short periods, paying interest and using less than 10% of a Company's Cash... I predict that the Judge will be very unhappy with Hand-in-Till's Blatant disregard for the interests of shareholders and that the case will go from Bad to Worse for him, thereafter... In my View, Hand-in-Till has GRAVELY harmed the interests of SEVU shareholders and is solely responsible for the current state of affairs... In other words, he should be LIABLE all the way... Just My Honest Opinion, F. Goelo + + + investorshub.com