RE: RE: RE: news todayHey Frenchfry,
It looks like you have read SET's recent annual report? I am very concerned about SET's 2009 operating and sales expenses that combine to 3.6 million ?? !!!
Sales: it looks like the CDN military order is worth 3.6 million but it also looks like that is a potential, not a for sure!
issuing shares? In the report, it looks like managers and other partners have already traded "debt for equity", I cant see SET issuing shares ? I think there are plenty of shares.
To be blunt, this company is running on a string and I hope it can somehow get some decent orders and more consistent cash flows BEFORE the bank shuts them down. SET appears to have a plan but obviously execution is the key.
as for contacting the management? I may once I do a little more DD
it is a truly speculative WATER play with lots of moving parts, the big question is if their products are truly needed and competitive in the water market?