2005 - 11-21-05

I believe Carl Palmer, by default, inherited
the stewardship of Seychelle Technologies.

Should you invest in this company? Their
symbol is SYEV. Absolutely you should NOT!

SYEV now hardly qualifies for even being a
penny stock. It is now sold through what's called the "pink
sheets". On some days, it hardly trades at all. Technically
although Seychelle is a publicly traded company, there are
22,541,406 outstanding shares of stock. The "float" is only
2,979,820 shares. The rest of the shares, I believe, are
owned by a couple of scam artists in the Aspen, Colorado
area who would probably dump all the shares on the market
the instant it started to rise.

I have enormous respect for Carl Palmer. I
think he is a man whose work has massive benefits for
mankind. However, I suspect he has a couple of fatal flaws
which enable him to be sucked into business situations with
unsavory, dishonest people.

The first flaw, at least in my belief, is he
has no business savvy whatsoever. He's sorta like me. What I
mean is, he's so brilliant at what he does... he's able to
get by financially... in spite of making horrible business
decisions and blunders.

The second thing I believe is because of his
business experience with Shaklee he has been infected with
the "MLM Bug". Nowadays, when I discover someone has
contracted the "MLM Virus" I don't even try to talk or
reason with them. It's like trying to convince a Jew he
should convert to Christianity or vice versa. It's like
trying to convince a pro-lifer to be pro-choice or vice
versa.

I have an image of Carl in my mind. It's
rather sad. I picture him at home in California with his
beautiful wife, running a tiny Mickey Mouse operation, eking
out sales of his miraculous inventions. And trying to cope
with the responsibilities of being the major executive of a
pathetically crippled public company.