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


To: Dave Gore who wrote (2401)5/15/1999 10:09:00 PM
From: Sportfish  Read Replies (1) | Respond to of 3222
 
Dave... been trying for 3 days to get filled (3k) @ under 1/2. No Go, even with a lower bid/ask. I'll probably cave in early next week rather then come to the party short-handed. But, as you've said, buy at ask only if you really, really sense a bargain! Sportfish



To: Dave Gore who wrote (2401)5/15/1999 10:27:00 PM
From: KZAP  Read Replies (1) | Respond to of 3222
 
Thanks for reminding us Dave.

BTW, did you know that after SETO bought
Fuji Fabrication, two months later they bought
another company? The Yahoo links have expired,
but I don't really remember SETO announcing that
buy out. Do you or anyone else? TIA

This was on the notes to the Consolidated Financial
Statements:
"On September 1, 1998, the Company issued 1,270,000
shares of its common stock to acquire a Malaysian
Company, Southsonic Corporation, Inc., SDN BHD.
Soughsonic's only asset consists of four buildings
which the Company intends to occupy. The value of the
pruchase amounted to $657,894 or approximated $.51 per
share. The acquisition was accounted for as a purchase."

Note the chart from Sept. 1998 to March 1999. Could this
be the reason SETO kept going down?

KZAP