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Ok, the next time you want to talk about your stupid boat when it burns up, post it on the burning sinking boat message board.
http://www.investorshub.com/boards/board.asp?stupidburningsinkingboatboard_id=4343
Oh, and do you have someone at home cooking dinner for you every night?
Well, post your answer on the, "What I had for dinner last night" message board.
http://www.investorshub.com/boards/board.asp?whatihadfordinnerlastnightboard_id=4675
"just remember who's your daddy..??"
Sends me some of that child support Daddy, its way over due...
Needs me a condo in the city ;)
Sheesh miller, Im sure glad I didn't post that I save a box of kittens from going over a water fall yesterday, you would have jumped all over me.
i post it here to cheer A O's like you up ;)
Couple lose their home over $120 debt
By Michael Kolber -- Bee Staff Writer
Published 2:15 a.m. PST Saturday, January 24, 2004
COPPEROPOLIS -- A retired couple's dispute with their homeowners association has spiraled out of control in this Calaveras County community -- and now they have lost their home less than a year after failing to pay $120 in annual dues.
Anita Radcliff, who owns the home with her husband, Thomas, said she had little hope of winning back the house, which the association's collection firm sold at a foreclosure auction in December for $70,000.
"One of the unfortunate things about people is when you get a little power, it goes to their heads," said Anita Radcliff, 61. "The homeowners association has a lot of power."
Michael Woodbury, attorney for the Copper Cove at Lake Tulloch Owners' Association, said the association aggressively pursued the debt because unpaid dues increase the financial burden on other homeowners.
"It's also important to understand the association is nothing more than all of their neighbors combined together," Woodbury said. "Somebody has to make up that difference when the association doesn't get paid."
Marjorie Murray, a lobbyist for the Congress of California Seniors on housing issues who is advising the Radcliffs, disputed that notion.
"Copper Cove is not going to go out of business because someone owes them $120," she said. "That is one of the classic arguments that debt collectors use."
The tussle began last January when the Radcliffs didn't have enough cash to make the annual dues payment. Anita Radcliff said she became distracted over the following months by a series of ailments that struck her husband, now age 64. He had a knee replaced and then was bitten by a spider, which required months of recuperation.
Radcliff said she didn't realize the importance of staying current on the bill.
"It just did not occur to me that it would go to that extreme as soon as it did," she said.
Throughout 2003, the association and its collection firm, Coast Assessment Service Co. of Garden Grove, said they made nearly a dozen attempts to collect the amount due, which has increased to $1,952 with late charges and collections fees.
The Radcliffs said they received few of these notices and didn't know their home had been auctioned off until they received a notice to vacate the property on Jan. 7, which they haven't done.
Their case is a reminder that associations have the power to foreclose for past-due bills, regardless of the amount. State Sen. Rico Oller, R-San Andreas, said Thursday that he plans to author legislation this year that would take away the rights of associations to foreclose.
"It was $120, and they're going to take away his house. That should never happen in America," Oller said. "This is a case of an association exercising what is arguably their right, but in a totally unreasonable and extreme way."
Oller, who once lived in the Copper Cove subdivision, said he is working to return the property to the Radcliffs, but that may be difficult.
The Radcliffs can receive about $60,000 from the sale of their house after paying off the homeowners association and a lien for past-due income taxes. All expect the home's current owner to demand much more than the $70,000 he paid for the house to sell it back to the Rad-cliffs.
"I doubt if that would be a viable option. He's going to look for profit," said Don Morger, the senior vice president of Coast Assessment Service.
The new owner could not be reached for comment.
A week ago, the Radcliffs were notified that the property's new owner was suing them to leave the home or pay a $43 daily rental, as of Jan. 11. They can stay at the property until a court hearing is held, likely in about a month.
But their Sonora lawyer, Mick Macomber, did not sound optimistic when asked whether the Radcliffs have a chance of winning their house back.
"We're hoping," he said. "Ask 50 lawyers, they'd probably all answer in different ways."
The episode is particularly jarring for the Radcliffs because they just finished building the home themselves last year. Thomas Radcliff is a retired construction worker and his three sons are carpenters and painters. A week of publicity surrounding their plight, including an appearance on CNN, has been draining on Thomas Radcliff, who his family said was bedridden this week with dangerously high blood pressure.
The Radcliffs bought the three-acre lot in 1999 for $30,000. When the two-bedroom, 1,728-square-foot home was completed last March, it was appraised at $258,000, the family said.
There are 2,400 lots in the Copper Cove subdivision, most of them still vacant. Some of the developed properties include mobile homes and similar small homes, while others are larger. An upscale equestrian community is being built in one part of the subdivision. All residents have access to a large softball complex, clubhouse and boat facility maintained by the association.
On Thursday, Carolyn Rad-cliff, the Radcliffs' daughter-in-law, looked down the hill in front of the house.
"It's hard to believe it's not theirs anymore," she said.
Ex-Judas Priest Drummer Found Guilty In Sexual Abuse Case
Friday January 23, 2004 @ 04:00 PM
By: ChartAttack.com Staff
David Holland
The ex-drummer for heavy metal band Judas Priest reportedly wept in court today as a guilty verdict was read out, convicting him of the attempted rape of a special needs teen.
David Holland, 55, had been giving the 17-year-old boy drumming lessons between June and December of 2002 at his home in England when the incidents occurred. The boy, who suffers from learning disabilities, was encouraged to take the lessons by his parents who had that hoped time spent with Holland would improve their son’s self-esteem.
Holland was found guilty of one charge of attempted rape and five counts of indecent assault by a jury at Northampton Crown Court in the UK. Spiros Laouitaris, 22, a frequent visitor at Holland’s home, was also accused of assaulting the teen. Laouitaris has been cleared of four counts of indecent assault.
According to the BBC, as the relationship between the teacher and pupil evolved the teen started to occasionally spend the night at Holland’s home. During the overnight stays, the former rocker allegedly allowed the boy to drink alcohol and smoke cigarettes.
The parents of the teen finally caught wind of the assaults after they received a letter from their son on December 14, 2002 describing the abuse. The boy, who is now 18, cannot be named for legal reasons.
According to BBC coverage of the trial during court proceedings, Holland denied that the relationship he had with the teen was in any way sexual. In his testimony, Holland claimed that he had an "affectionate" relationship with the teen, that the boy often called him his "best friend" and told Holland that he "loved him" — but that was it.
A member of one of the most influential U.K. heavy-metal bands of the ‘70s and ‘80s, Holland played with Judas Priest from 1979 to 1989 when the band put out such anthems as "Screaming For Vengeance," "Living After Midnight" and "Hell Bent For Leather."
Holland is currently awaiting sentencing
Wife in the news again...
AT OLD NECCO CANDY FACTORY, SUGAR WILL AGAIN BE CRUCIAL
Author(s): SCOTT KIRSNER Date: January 26, 2004 Page: C1 Section: Business
When the Swiss biotech firm Novartis Pharma AG announced that they'd be moving into the old Necco candy factory in Cambridge, there was a sticky problem: how to get 75 years worth of sugar residue off the walls.
Chemists and biologists, after all, need a spiffy and sterile work environment - one that doesn't exude the powdery-sweet aroma of Necco wafers. But once the last molecule of sugar has been scrubbed from the walls and scientists begin moving in later this year to what will be known as the Novartis Institutes for Biomedical Research, don't be surprised if a handful of the 700 researchers wind up working with . . . sugar molecules.
Glycomics, the study of sugars and how they function in living organisms, is a pocket of intense activity within the biotech field.
Last year, MIT's Technology Review magazine characterized glycomics as one of "10 emerging technologies that will change the world." Several privately held New England glycomics companies attracted funding in 2003, and one publicly held Boston company has a sugar-based cancer drug that's expected to start clinical trials - for a second time - later this year.
Not much is known about the role that sugars play in disease, and researchers believe that better understanding that role could make existing drugs safer and more powerful, and lead to the development of entirely new treatments.
But the sugars in your body are more complex, structurally, than DNA. While DNA has just four building blocks (the nucleotides adenine, guanine, thymine, and cytosine), some sugars have as many as 48 building blocks. So understanding the sequence of those building blocks and the function of sugars - what's broadly termed glycomics - has lagged behind genomics (understanding DNA) and proteomics (understanding proteins).
Some biotech execs think that figuring out how to sequence sugars could lead to a profusion of companies developing drugs based on the newfound knowledge.
"We draw analogies to the 1970s, when it first became possible to sequence DNA," says Alan Crane, chief executive of Momenta Pharmaceuticals in Cambridge. "It was the sequencing of DNA that laid the groundwork for the first wave of biotechnology companies, like Genetics Institute, Biogen, Amgen, Genentech. They all got started because they knew how to sequence DNA.
"But it's as if we were in the pre-DNA sequencing era with sugars," Crane continues. "The ability to sequence sugars, understand their biological activity, and use that knowledge to make drugs would open up a lot of doors."
The sugar molecules that coat the outside of your cells, and that float around between cells, seem to be important supporting players in various types of cancers, auto immune disorders, and diseases of the central nervous systems, but the science is still very young.
One of Momenta's key assets is a sugar-sequencing technology developed at MIT and licensed exclusively to Momenta for commercial use. Crane says that the company's facility near Fresh Pond in Cambridge is one of two labs in the world that can sequence complex sugars. (The other is at MIT.) Last year, Momenta raised a $19 million second round of funding, in part from local firms Polaris Venture Partners and Atlas Venture, bringing its total raised to $25 million.
But the company doesn't plan to sell its super-secret sugar sequencing technology to others - at least in the short term. Instead, Momenta will use the technology to develop generic versions of complex drugs, which will give the company an early infusion of revenue; improve existing blockbuster drugs; explore ways to use sugars to deliver large-molecule, protein-based drugs via inhalation; and develop drugs of its own.
Momenta's first big product development partnership is with Sandoz Inc., a division of Novartis that makes generic drugs. (As an aside, Sandoz is the company that, in 1938, first synthesized LSD.)
In New Hampshire, a start-up called GlycoFi is collaborating with Biogen and Baxter Healthcare on an approach to using yeast cells to produce therapeutic proteins, instead of the mammalian cells currently used in biotech manufacturing.
GlycoFi's scientific breakthrough was getting the yeast cells to produce proteins that were "decorated" with the correct lacing of sugar molecules; the company says that the resulting proteins are purer than those produced by mammalian cells. The company raised a third round of $10 million in December, in part from Polaris and Boston Millennia Partners.
Biotech companies have tried in the past to develop sugar-based drugs (not to be confused with sugar pills, or placebos). One notable failure was Alpha-Beta Technology, a publicly held Worcester company that brought a drug intended to prevent surgical infections all the way to phase III trials. But the trials failed to show any benefit, and the company went out of business.
The oddest player in the local glycomics field is GlycoGenesys, a Back Bay company traded on Nasdaq's SmallCap exchange. The company started out in 1992 as IGG International, developing biotechnology products for the agricultural industry (none is currently on the market).
In 1995, the company went public through a reverse-merger with a shell company. Then the name changed to SafeScience and the company entered the business of making environmentally safe household cleaners, including a really swell noncaustic bathroom cleaner (these were sold briefly, but none is currently on the market).
In 2001 it was time to adopt the current name and a focus on deploying sugars derived from fruit pectin, the goopy white stuff that encases oranges, to fight cancer.
John Burns, the company's chief financial officer, says its drug candidate, known as GCS-100, is "selective to cancer cells - it doesn't kill healthy cells." But clinical trials that seemed to be moving forward last year have now essentially been restarted with a new formulation of GCS-100 that contains less ethanol. (Ethanol, or grain alcohol, was a byproduct of the drug's manufacturing process, and its presence was a key factor in limiting the dose of GCS-100 that patients could take.)
The company's scientific founder left in 2000, and the board chairman, Brian Hughes, departed last February. At the time of his resignation, Hughes wrote a scathing letter: "The company has been unable to attract or retain the full team of scientific, medical and regulatory professionals required to bring the company's drug to market. For some time I have been unable to convince [chief executive Bradley Carver] or the board to make the changes I believe are necessary to solve this fundamental problem, which is a root cause of the other challenges facing the company."
"I think the field of glycomics has tremendous promise, and I think the compound they have has tremendous promise," Hughes told me last week in a phone interview. "My concern is that they don't have the right team to do it."
But Burns says the company is hiring researchers, and setting up a 3,000-square-foot lab in Cambridge's Kendall Square. Earlier this month, the company raised $4.3 million in a private placement stock sale. "2004 should be a pretty exciting time," says Carver.
In the 1920s and 1930s, Cambridge was one of the world's candy capitals, with more than 30 confectionary companies within the city limits. Today, only one remains: the Tootsie Roll plant on Main Street.
But the area hasn't lost its interest in sugar.
http://nl.newsbank.com/nl-search/we/Archives?p_action=doc&p_docid=1005481A9800CBED&p_docnum=...
New Data on Nazis' Victims Comes to Light
Possibly Thousands More Victims Than Previously Thought
By LARRY NEUMEISTER, AP
NEW YORK (Jan. 25) - A flood of new revelations about grisly medical experiments on Jews during World War II show there probably were thousands more victims than had been previously thought, an expert said Sunday.
So far, 1,778 Jewish victims of Nazi medical experiments from 33 countries have responded to Jewish groups dispersing money from Holocaust settlements recently reached through lawsuits filed in U.S. courts.
Their stories - shocking even to those familiar with what was already known - should prompt a re-examination of the magnitude of experimentation done by Dr. Josef Mengele and his Nazi cohorts, said Gideon Taylor, executive vice president of the Conference on Jewish Materials Claims Against Germany.
A few of the written testimonies submitted to a settlement committee in the last year are being released Monday, Taylor said.
''We certainly didn't expect this number,'' Taylor said. He added that many of those who responded said they were more interested in having their stories known than in the $5,400 payouts, which will begin getting mailed this week.
Taylor said such a large number of people making claims indicates there were thousands more who died during the experiments or have died since. ''Our knowledge has been significantly broadened,'' he said.
Data collected from the claimants show there were about 178 different types of medical experiments conducted in more than 30 camps and ghettos. Some victims were not Jewish, including a group of Polish nuns, Taylor said.
One 82-year-old man described an experiment in which Nazi dogs with poison on their teeth were let loose to chase him and another man and rip flesh from their legs.
A 73-year-old woman told of Mengele pulling her from a line of people headed to the gas chambers at Auschwitz to go to his laboratory, where she was injected with drugs and chemicals and ''they made cuts into my body and left the wounds open for them to study.''
''I was used as a guinea pig for medical experiments,'' she writes. At another point, she says, ''As bad as the experiments were, without them I would not be here today to write this.''
Reading the testimonies ''forces you to believe the unbelievable,'' Taylor said. ''These people have been through hell. There's no other way to describe it.''
The victims' written statements will be given to Holocaust institutions, including the United States Holocaust Memorial Museum in Washington.
Here is a list of the countries from which victims have responded and the number from each: Argentina, 6; Australia, 53; Austria, 6; Belgium, 12; Brazil, 10; Canada, 99; Chili, 1; Croatia, 1; Denmark, 6; France, 38; Germany, 65; Great Britain, 16; Greece, 5; Hungary, 182; Israel, 389; Italy, 3; Luxemburg, 1; Monaco, 1; Netherlands, 25; New Zealand, 2; Norway, 3; Peru, 1; Romania, 7; Serbia-Montenegro, 4; Slovak Republic, 66; South Africa, 3; Spain, 4; Sweden, 52; Switzerland, 6; United States, 707; Urugay, 1; Venezuela, 2 and Yugoslavia, 1.
01-25-04 22:41 EST
Hoooooo! From Massachusetts!
Pats are taking the superbowl!
We got 19 million in funding!
Well, not me but my wife's start up is listed on the back of the fist page of a section in the Wall Street Journal that lists VCs that fund companies. I need to run out to get it.
The VC is Polaris my wife's company is called Momenta Pharma.
I would like to see NV there someday!
OT: AMEX (RTK) ;)
Pengy, good thought, it makes sense. EOM
OSCAR NOMINEE LIST
Coming January 27: Who will have their chance at going home with Oscar® this year?
MAL: Will see if SIL is on the list 1/27
Cable hot-box people getting sued by Comcast
I got a call from a buddy of mine from NJ the other night about an advocate working for Comcast sent him a letter stating that if he did not respond and send them $4,000 within 10 days they will come after him. He called the contact on the letter and asked what it was all about. They said they went after the company that was making the hot-boxes and bankrupt them and seized their computers and he was on file with his AMEX back in 1991. My buddy said he bought one but sold it soon after but the guy didn't want to hear it. He went to his lawyer and was told not to talk to them and maybe he can get out of it for $1,000
Soon after the cable company showed up and was checking all the lines in his 18 unit apartment building and found one apt that was hooked up illegal but not his.
So if you got illegal cable look out baby they are coming for you big time!
And I thought that $60 a month I pay for cable is a rip off now Im glad I always paid for my service! sheesh
You also left out if NV does a deal with Mc Donald's.
The Happy Meal SIL action figures, complete with a big ball of wax. That should bring in a few mill $$$
Can't wait to get my John Howell action figure, comes with a blue Z3 BMW and scale size bank. You can drive JH to the bank when you buy NV at the ask.
I kid I kid, just having some fun ;)
That data is from the transfer agent. Iv been collecting that data for 2 years now. On a few occasions they yelled at me for calling too much. Im glad they don't yell at me anymore so I can bring that data to you :)
As of 1:52pm the Outstanding share count for NV is 76,095,683
5/5/03 the count was 63,254,247 a 12,841,436 share dilution up to today.
Going back another 9 months to 9/12/02 the OS count was 48,433,938 a 14,820.309 share dilution up to 5/5/03
There has been close to a 13.5% (1,978,873 OSS) reduction of outstanding share dilution between 5/5/03 to today.
Use that data for what its worth.
Semiconductor firm plans Portland move
Aliza Earnshaw
Business Journal staff writer
A publicly traded California company that combines telecom-semiconductor development with movie production said this week that it plans to move its offices to Portland.
New Visual, which has six employees, plans to locate permanently in Portland during the first quarter of next year.
However, the company's presence here may not be of long duration. In its most recent quarterly report filed with the Securities and Exchange Commission, New Visual states, "We have continued losses in each of our years of operation, negative cash flow and liquidity problems. These conditions raise substantial doubt about our ability to continue as a going concern."
New Visual Corp. (OTCBB: NVEI), now based in San Diego, also announced that it has hired James Cruckshank, a local partner with finance and information-technology consulting firm Tatum Partners, as its new CFO in connection with the move.
Cruckshank was formerly CFO for Christensen Electric Inc. and Assisted Living Concepts Inc., and was corporate controller of The Schnitzer Group.
New Visual's public statements reveal a company in a state of transition.
The company, which is incorporated in Utah, has co-produced a surfing documentary, "Step Into Liquid," which opened in movie theaters this summer. However, the company also entered into a development and license agreement about 18 months ago with a Newton, Mass., company called Adaptive Networks Inc. to develop a semiconductor for the telecom market. New Visual announced the prototypes of the new product, dubbed Embarq, a year ago.
New Visual's CEO, Brad Ketch, said in an interview published on the company's web site in January that during this year, the company intended to move past the prototype stage and release "a final high-volume, low-cost product."
He added, "We believe we are one of a very few companies in what is normally a highly competitive worldwide industry that is actually rolling out a new product in 2003."
New Visual has not, so far this year, announced any customers for the new product, nor has it announced a production run.
New Visual has recorded no revenue for the past two years, and has recorded just $12,200 in total revenue since Nov. 1, 1999. Since that date, the company has recorded a total net loss of more than $36.3 million.
For the time being, New Visual is looking to future revenue from the film it co-produced. So far, no revenue from "Step Into Liquid" has appeared on New Visual's books.
The company agreed in April 2000 to invest up to $2.25 million in the film, and will receive a 50 percent share in all net profits from worldwide distribution and merchandising, after receiving return of its initial investment.
As of July 31, New Visual had funded just under $2.2 million of the film's production costs, according to the company's quarterly filing with the SEC. As of Nov. 9, the film had grossed almost $3.7 million in box office sales, according to the Internet Movie Database web site and other sources.
At the August shareholder meeting, Rich Wilson III, New Visual's vice president and secretary, said that New Visual estimated that "Step Into Liquid" should gross about $40 million over the following 12 to 18 months, which would bring about $7 million in revenue to New Visual.
During the shareholder meeting, CEO Ketch said that he realized shareholders were concerned about the bottom line, and wanted to know how soon the company would turn a profit.
"I want you to know that next year we will make money," reads the script from the meeting. Ketch added that he did not yet know how much New Visual would make, but that he would tell investors "when I have a good feel for it."
"Moving from loss to profit is a giant step forward for your investment, and I am confident that the markets will value your investment much higher because of it."
New Visual's stock currently trades on the over-the-counter bulletin board at 24 cents per share.
For the nine months ended July 31 2002, New Visual lost 19 cents per share, or nearly $7.4 million. During the first nine months of this year, the company narrowed its loss to 2 cents per share, or just under $2.3 million. New Visual's fiscal year ends Oct. 31.
New Visual has funded its operations by issuing equity and borrowing. During the first nine months of this fiscal year, $2.5 million in cash flowed into the company from its financing activities. During the same period last year, the company received nearly $4.4 million from its financing activities.
However, expenses outstrip the inflow of cash. For the first nine months of this fiscal year, New Visual has seen a decline of $194,059 in cash, and as of July 31, held $117,578 in cash. Total current assets were $188,294, of which just over $9,000 is listed as "receivable from officers."
"Management believes funds on hand and available sources of financing will enable the company to meet its liquidity needs for at least the next three months," New Vision's filing reads. "However, funding for the company's operations has become more difficult to secure and more expensive than in prior periods ... our continued existence is dependent upon our continued ability to raise funds through the issuance of our securities or borrowings."
At New Visual's annual shareholder meeting, held in Portland in August, shareholders voted to re-name the company Rim Semiconductor Co., in order "to reflect our current and future business activities and strategic direction," according to the proxy that New Visual filed with the SEC.
However, the company is still using the name New Visual on its web site and in current press releases.
© 2003 American City Business Journals Inc.
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New Visual finances fine, CEO insists
Aliza Earnshaw
Business Journal staff writer
A publicly traded tech company relocating to Portland has been struggling with its cash situation, but its CEO says the company has been working hard to turn that situation around.
The company is developing a semiconductor for the telecommunications market.
New Visual Corp., now in the process of relocating from San Diego, Calif., to downtown Portland, reported $1.7 million in accounts payable in its most recent quarterly filing with the Securities and Exchange Commission. That money is owed mostly to vendors, said Brad Ketch, who joined New Visual (OTCBB: NVEI) as CEO in December last year.
"Over a long period of time, the company has accrued debt, to service providers in most cases," Ketch said. "We've made considerable progress in reducing that."
In fact, New Visual's accounts payable had reduced by more than $536,000 as of July 31 this year, the end of the company's third quarter, from just under $2.25 million as of Oct. 31 last year.
One method for conserving cash has been to issue stock instead of paying cash to employees, executives and vendors, said Ketch.
"We in essence are saying to them, you have an opportunity to receive from us for services rendered either cash or stock. I owe you a hundred grand, and I say, 'Will you take stock instead?' And if you believe the stock will be worth more than that, you'll take it."
Investors in New Visual, Ketch added, "see that we are successful in issuing stock, and they take it as a vote of confidence."
As further evidence of confidence in the company's future, both Ketch and New Visual chairman Ray Willenberg, Jr. purchased New Visual stock last week. Willenberg, who already owned almost 2.6 million shares, or about 3.8 percent of the company, purchased another 400,000 restricted common shares for $100,000, or 25 cents per share. Ketch, who owned only options until his purchase, bought 40,000 restricted common shares.
Both Ketch and Willenberg are paid in cash, as well as stock options. Willenberg, who served as president and CEO of New Visual until June 1, 2002, received a salary of $258,406 in 2002. Ketch's base salary since he became CEO is $20,833 per month, and he was issued 1.5 million options at 64 cents per share. Earlier this week, New Visual stock was trading over the bulletin board at 24 cents per share.
As in the past, New Visual continues to negotiate some of its consulting and employment agreements to include payment with stock. Consulting agreements made earlier this year, for example, involved issuing 3.2 million shares to pay the consultants.
Some legal settlements that New Visual reports in its latest quarterly SEC filing have involved share-based payments made to past consultants and former officers of the company.
In December last year, New Visual settled with one former vendor for $15,000 plus 51,562 shares of common stock, valued at $23,203 at the end of January this year. A lawsuit settled between New Visual and two former officers resulted in the return of 2.2 million shares to the company, which were recorded non-cash gain of $1.47 million for the first 9 months of 2003.
An engineering company sued New Visual last year for breach of contract, and New Visual settled in February, paying the engineering company $40,000.
New Visual has "stopped spending more than we receive," said Ketch. "Investors will see in the future that the current section of our balance sheet will improve."
New Visual's current assets, as of July 31, totaled just over $188,000, down from over $323,000 at Oct. 31 last year. In addition to $117,578 in cash, down from more than $311,000 as of Oct. 31 last year, New Visual reported just over $9,000 "receivable from officers" in its current assets, along with more than $61,000 in "other current assets."
New Visual has not generated any revenue for the past two years, and has reported $12,200 in total revenue since the company's inception in late 1999. The company's current cash strategy, as it transitions its business model, is to raise new investment. New Visual is exiting its film-production business in favor of a new business, developing and marketing semiconductors for the telecommunications industry.
"We are expecting new cash investments soon," said Ketch. New Visual announced in early November an infusion of $300,000 in unsecured, short-term debt financing, and "we are expecting cash investments in the first half of 2004," said Ketch, of between $1.5 million and $2.5 million in convertible, unsecured debt financing.
New Visual has reached a non-binding "agreement in principle" for this longer-term debt financing. The $300,000 bridge financing will be repaid from the larger, longer-term convertible, New Visual said in a press release.
As of July 31, New Visual owed just under $1.2 million in convertible notes, and just over $730,000 in "notes payable," in addition to the accounts-payable figure of $1.7 million. Total debt decreased to $3.7 million as of July 31 from $4.9 million as of Oct. 31 last year. "We've had a year of disciplined chopping away at liabilities," said Ketch.
One New Visual debt that has been entirely paid off, according to the company, is the remaining $138,000 that was owed to the Adaptive Networks Inc. as of July 31. That was the final money owed as part of New Visual's agreement with the Newton, Mass., technology company to develop a semiconductor for the telecommunications market for New Visual.
The chip, named Embarq, is the first product that New Visual is developing in line with its new business model. Until less than two years ago, New Visual was focused on film production. Its first film, "Step Into Liquid," is a surfing documentary that was released this summer. Now the company's involvement in filmmaking is limited, said Ketch, to marketing "Step Into Liquid"and realizing the return on New Visual's $2.2 million investment in the film. In line with the new business model, New Visual will change its name to Rim Semiconductor Co. during 2004.
© 2004 American City Business Journals Inc.
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All contents of this site © American City Business Journals Inc. All rights reserved.
For a minute Ex I thought you were talking about this gal lol
Tammy Faye Messner Hosts 'Drag Bingo'
DURHAM, N.C. (Jan. 5) - A "drag bingo" event hosted by Tammy Faye Messner drew about 700 people to raise money for an AIDS service organization.
The former Tammy Faye Bakker said she was one of the first women to speak out about caring for people with AIDS when she was on the "The PTL Club" television show with her ex-husband in the 1980s.
"I was just doing what Jesus wanted me
to do."
-Tammy Faye Messner
"I was just doing what Jesus wanted me to do," said Messner, who has remarried and lives in the Charlotte area. She divorced televangelist Jim Bakker in 1992 while he was serving a sentence for financial fraud.
About 15 drag queens participated in "An Evening with Tammy Faye," including "Sierra Nevada," who wore a royal blue dress and heels.
"I am wearing sensible shoes and this church dress because it is Tammy Faye, and because my feet still hurt from wearing 8-inch heels a month ago," Sierra Nevada said.
The event was expected to raise $10,000 for Alliance of AIDS Services-Carolina. Those who attended filled out bingo cards as numbers were called by Messner, who joined the drag queens in entertaining the crowd.
Messner will appear on the WB network's "The Surreal Life" starting Jan. 11.
This was posted on one of my firearm message boards.
I have very little regard for shooting noble animals for the sake of sport. Hunting for food is one thing, shooting vermin or immediate threats is another, or possibly for population control reasons, but shooting big cats for bragging rights is pretty despicable.
I wish that lion would have took that girlie screamin guys head off, then at the end they all high five?
http://www.huntn.biz/media/lion.wmv
OT: Smoked again by my wife lol: Momenta Pharmaceuticals to Present at the 22nd Annual JP Morgan
Healthcare Conference
CAMBRIDGE, MA — January 9, 2004 – Momenta Pharmaceuticals, Inc., a leader in applying advanced technology for complex sugars to the discovery and development of pharmaceutical products, announced today that it will present at the upcoming 22nd Annual JP Morgan Healthcare Conference.
Chairman and Chief Executive Officer Alan L. Crane will provide a corporate overview on Wednesday, January 14, 2004 at 11:30 a.m. PST at the Westin St. Francis Hotel, 335 Powell Street, San Francisco, California.
About Momenta
Momenta Pharmaceuticals, Inc. is a leader in applying breakthroughs in understanding the chemistry and biology of complex sugars to the discovery, development, and commercialization of drug products. In its short history, Momenta has built a diversified pipeline of product candidates comprised of novel therapeutics and the application of its technology to existing products and molecules. Momenta’s proprietary technology provides a more complete understanding of disease and drug action by enabling high throughput sequencing, precise chemical structure characterization, and engineering of complex sugars and glycosylated biomolecules. Founded in 2001, Momenta is headquartered in Cambridge, MA. Additional information about Momenta is available on the company’s website, www.momentapharma.com.
I hope some day we can see NV put on a demonstration at a JP Morgan High speed Internet Conference :p
LOL, Yah!
Well, you heard of Jews in space, now......
Iran to launch military satellite in mid 2005
Defense minister Ali Shamkhani at space conference in Tehran announced Monday that Iran plans to launch military espionage satellite in 18 months. Satellite systems, rocket and launcher will all be of Iranian make. DEBKAfile’s military sources: Iran would become first Muslim country to have military spy satellite.
I guess we got to shoot that suka down!
“If God wills it, the end of America is near.”
Sounds like one of NV's PRs
So in the PR it says, "If God wills it" That could mean... Soon or a few months from now? Does it depend if Osama gets funding?
Now, when they say, "America" are they talking about Canada, US and South America, or are they just talking about the US?
I think someone should call Osama to clear this up.
Besides, God is on OUR side :)
I have no idea why they give this SOB air time each time he puts out a tape. When we get a copy of a Osama tape, we should overdub Osama say funny stupid stuff in his language and send it back to Aljerzra to play back for him ;)
Al Qaeda Threatens to Nuke New York on February 2
Italian Il Giornale:
Special Report
The banner headline spread across the front page of Il Giornale, the respected Milan daily reads:
“Al Qaeda: We will destroy New York within 35 days. Threat on the Internet. Countdown begins.”
The threat was contained in a video clip featured on a web site associated with the fundamentalist terror group. It announced al Qaeda plans to destroy New York in a nuclear blast on February 2. Il Giornale claims the FBI blocked and removed the web site.
The video clip showed three possible scenarios: 1. A bomb or giant fireball from the skies that will cover the metropolis with a radioactive cloud. 2. A storm of radioactive clouds that will topple skyscrapers one by one, along with the Statue of Liberty and Brooklyn Bridge. 3. An explosion on board a charter aircraft that will cause a radioactive cloud to spread over the city.
The video clip was accompanied by large, red-lettered Arabic captions saying: “If God wills it, the end of America is near.”
DEBKAfile’s counter-terrorism sources say they cannot verify the authorship or gauge the seriousness of the threat because the Internet site is no longer accessible. But the report appeared in a newspaper widely viewed as the flagship of Italian prime minister Silvio Berlusconi. Such reports - even if not authenticated - tend to contribute to the mounting sense of alarm generated by “Orange Alert” in America and other Western countries. It comes against the backdrop of appeals to New Year revelers to stay away from the traditional New Year’s Eve celebrations in Times Square, Rome’s St. Peter’s Square, Moscow’s Red Square and London’s Trafalgar Square – or even Disney World and the Las Vegas Strip. All these sites are surrounded by heavy security.
Could have Wilson been forced out as a condition of NV's funding?
WILSON!!!!!!?????
"The death certificate will be changed to reflect cocaine as the cause of death."
I feel bad for the family also, If he had a large life insurance policy to help his family along in the event that he passed away, they may loose it.
Hatfield's Death Said Caused by Cocaine
KALAMAZOO, Mich. (Jan. 6) - Righteous Brothers singer Bobby Hatfield's death in November was caused by cocaine and not just heart failure, according to the official autopsy report.
Dr. Richard Tooker, chief medical examiner for Kalamazoo County, told the Kalamazoo Gazette in Tuesday's editions that Hatfield's death was triggered by acute cocaine intoxication.
Hatfield, 63, died Nov. 5 just hours before a Righteous Brothers concert. He and his partner, Bill Medley, had hits like "Unchained Melody,'' and "You've Lost That Lovin' Feeling.''
"This is a shock to me,'' Medley told The Orange County (Calif.) Register from his Newport Beach, Calif., home. "I never saw him (use cocaine). I knew absolutely nothing about it. If I had known, I would have said something to him.''
An initial autopsy found Hatfield had advanced coronary disease. A heart attack due to the disease was listed on Hatfield's death certificate.
However, Tooker said a final cause of death was not determined until after toxicology reports were completed. The death certificate will be changed to reflect cocaine as the cause of death, he said.
Tooker's office received the report of cocaine intoxication on Dec. 24, but he asked for the information to be released after the holidays out of respect to Hatfield's family.
Messages left Tuesday with Tooker and the William Morris Agency, which represents the Righteous Brothers, were not returned.
01/06/04 10:48 EST
I think NASA would be lucky to find Slime on Mars ;)
Anyway, Just hang in there Ole buddy, we can hang in a little while longer. If not, we will bring out the Gimp. Oh wait, that was mikey the last time, now he is pro NV. We need a new secret weapon. Sime can you summon your slime horde with your powers of telekinesis? Oh, I forgot you sold it off to the highest bidder at the super hero convention. I guess we are powerless, I hope they don't bring salt, then we are doomed!
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Wow Mikey, you are making some good money today
How about that DOW!
Hurry NASA, I want to move to Mars!
Royal Dog Sent to Psychologist to Avoid Death Sentence
LONDON (Jan. 4) - Princess Anne will send her dog to an animal psychologist to avoid having it euthanized after it attacked a royal maid and fatally mauled one of Queen Elizabeth II's beloved corgis, the Sunday Telegraph reported.
Princess Anne stands with her English bull terriers. (AP Photo/PA)
Psychologist Roger Mugford said he expected to begin work with Florence the bull terrier next week. Mugford said that he believed the attacks were related to an underlying medical factor.
'We are not talking about an inherently aggressive or dangerous dog,' Mugford was quoted as saying in newspaper. 'I am sure it is just a dog who is feeling a bit out of sorts about something, perhaps pain or old age, and is feeling a bit cranky on the day.'
Buckingham Palace has refused to comment on whether Florence would be put down.
The royal maid, 55-year-old Ruby Brooker, was treated for a minor bite following Saturday's attack at the royal Sandringham estate in eastern England, the palace said.
The Mail on Sunday quoted Brooker's husband, David, as saying the queen had personally apologized to his wife over the incident.
Five days earlier, Florence attacked a corgi named Pharos at Sandringham, injuring him so badly that he had to be euthanized. Media reports had widely blamed another of Princess Anne's bull terriers, Dotty, for the corgi incident, but Buckingham Palace cleared her Tuesday and blamed Florence instead.
British media reported that Florence had no history of violent behavior, unlike Dotty, who bit two children in a park in 2002 and landed Princess Anne with an $880 fine.
01-04-04 21:32 EST
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It would be something if NV did not release news at the end of the year to let people take advantage of a good deal.
In other words: No news at end of year, people sell, price drops, people can't buy in for 30 days and other buyers get to take advantage of low share price.
Because he did a good job running it down to buy and will hype to sell it at a profit.
Its been done 1,000 times before.
trst
Ephedra Products Sell Fast Ahead of Ban
Updated: 10:20 PM EST
Ephedra Products Sell Fast Ahead of Ban
By JENNIFER PETER, AP
WATERTOWN, Mass. (Dec. 31) - Products with names like Speed Stack, Ripped Force, TrimSpa and Kranker started flying off the shelves at the Lo Fat Know Fat Gourmet Cafe after the Food and Drug Administration announced plans to ban the dietary supplement ephedra in two months.
AP
Ephedra products on the shelf of a health supply store in Watertown, Mass.
"People have been buying it like crazy," co-owner Christopher Pappas said. "They know it's going to be taken off the shelf so they're stocking up."
After months of rising concerns, the FDA announced Tuesday that it would ban ephedra next year and strongly urged people not to take the herbal supplement in the meantime.
Ephedra, used for weight loss and bodybuilding, has been linked to 155 deaths, including that of Baltimore Orioles pitcher Steve Bechler last February, and dozens of heart attacks and strokes.
Across the country, some stores reported sharp increases in sales Wednesday, while others said some customers knew the ban was coming and stocked up some time ago. Some said the demand for ephedra decreased long ago in favor of products advertised as ephedra-free.
GNC, which has 5,000 health food stores across the country, banned ephedra-containing products in June. The NFL banned its players from using ephedra as a dietary supplement in 2001.
"We have customers who have been stocking up for several months, knowing what was coming down the road," said Claudia David-Roscoe, co-owner of Claudia's Natural Food Market in Toledo, Ohio.
In Overland Park, Kan., Russell Wood of Fit 4 Less said that after the ban was announced, one woman wanted to buy two cases of 24 bottles each. Normally, Wood said, he sells 30 to 50 bottles per month.
At the Lo Fat Know Fat Gourmet Cafe, manager Ryan McElhiney, who takes ephedra himself, said one customer spent $369 on ephedra tablets Tuesday soon after the announcement.
Kate Morreale, 22, a regular customer and part-time worker at the dietary supplement store, did not wait that long. She bought two cases of an ephedra-containing drink, called Speed Stack, over the summer when a ban seemed imminent.
"It should last me a while, at least through the year," she said.
12/31/03 19:16 EST
Ephedra, used for weight loss and bodybuilding, has been linked to 155 deaths, including that of Baltimore Orioles pitcher Steve Bechler last February, and dozens of heart attacks and strokes.
"People have been buying it like crazy," co-owner Christopher Pappas said. "They know it's going to be taken off the shelf so they're stocking up."
People are funny in funny ways ;p
What is BILLABONG ODYSSEY?
http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&item=3372964157&category=1419
Not much work out there for an out of work clown with a bum heart.
I think in Iraq they are taking applications for suicide bombers, they said you would have a blast working for them.
It will be ok Slime, we just need to hang in there a bit more to see what news comes out about what Brad promised us.
Unless you know something we don't. If your heart gives out before NV puts out, you know where to have them to send the shares.
Happy New Year
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I could just cry ;)
NV follow!
Take a brake from NV
play a game :)
http://www.egg2.com/games/slingshot_santa.htm