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

To: SusieQ who wrote (1452)	2/28/1999 2:10:00 PM
From: TraderGreg	Respond to of 3222

Core seto at 200K and TT at 2mm gross earnings per year and distributed over 20 mm shares (with a lot of debt I might add), took SETO to a buck. The core seto has now projected 300K earnings for last year, having owned the battery company for only the last 4 months. The battery business growing nicely and can reach the 50K unit/month this year. Even at 50K only for the year 2000, we could see nearly 10 cents a share for the year from that operation. And there are other activities, SEAGATE and the speaker company, in addition to the current business lines. I could see this stock at $2+ next year and testing the $1 level this year, near term. It's a steady performer, and a safe one, that has gone unnoticed except for negative hits over the TT backout. Those hits did nothing but slam the company for the deal falling through, giving no credit for the acumen needed to have put the backout protection in the original clause, and giving no mention to the FIFTY PERCENT reduction in the share count. Because of those hits, it now has to deliver like a listed stock even though it's still just a BB, a fully reporting and profitable BB I should add. BTW, I believe the heavy buying last week probably came from some of those naySAAyers who slammed it down last year. JMO of course since I can't prove it one way or the other...unless and until they reverse course and put a buy recommendation out in the near future. So, because of that baggage, SETO will have to deliver twice as much to get half its due. This in spite of the fact that a diluted, non-profitable, non-reporting TNRG hit 50 cents a few weeks ago and is now trading at the low 20s, with SIXTY million shares out. I may be crazy but if TNRG has a current market cap in excess of $12 million then SETO's 11 mm shares at $1 isn't that much of a near term stretch. Yeah, I think it can get to a buck near term. TG