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Seitel, Inc. (SEI) Message Board

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  • I'm more impressed with the 12 million
    increase in receivables while accounts
    payable remained the same. The real
    question is whether they are selling
    data at firesale prices to obtain cash.
    If this financial report is clean the
    noteholders have no reason to close in.

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    • well, if they are fabricating these #'s, they should be shot and shareholders should examine why they held on.

      after all this company has been through recently, i would hope that they have a comittment to honesty and full disclosure. but as we have seen, way too often recently, corporate america exists too frequently to enrich the managers while shareholders are crushed like grapes