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Non-Tech : Secret Squirrels hit! -- Ignore unavailable to you. Want to Upgrade?


To: CrazyTrain who wrote (1210)10/5/1998 7:34:00 AM
From: Brian H.  Read Replies (1) | Respond to of 12872
 
Monty,

I don't think there will be any take-over of SETO. What I would continue to expect is SETO acquiring more undervalued Malaysian companies with little to no debt, positive cash flow, and earnings.

SETO is sitting on over $1.2 Million in cash as of today (Almost $.12 cash per share). The last time I spoke with Mr. Pian, he told me that they expect to grow revenues at 100% over the next three to four years. These are huge growth rates, but if he continues to acquire companies like the Fuji Fabrication plant (Cellular Batteries) Then he will have no problem.

SETO's biggest problem is lack of exposure and not having a supporting Market Maker on board yet. They are working on that as well.

Another thing that may be hurting SETO is the fact that they have $.11 EPS for the 1st and 2nd quarter and the stock is trading at $.31. People that have not been following SETO, and not knowing what has gone on over the past nine months, may see these numbers and not take them seriously. Fortunately for SETO, they are reporting and their accountant is KPQ/Pete Marwick!!!!!

Brian H.