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TFN- I read your post and it's loud and clear. You suspect that death spiral financing may have been used. I am telling you to do some DD before you accuse a company of doing that. I'll leave you alone now. You have some reading to do.
BTW, I'll be waiting for you to point out where the death spiral financing is located. 5000 shares to you when you find it.
TFN- Please give a detailed explanation of what death spiral financing is. Once you are done with that, I challenge you to find where they have done this. In fact, I'll give you 5000 shares of stock if you point out in the filing where it has been done.
Death spiral financing is when a company issues convertible debentures that do not have a floor set on the conversion price. These types of transactions usually occur offshore.
When New Visual issues shares, those shares are subject to rule 144.
Just the opposite of what you said is occuring. New Visual is NOT seeking out death spiral financing. They have turned many of those types of deals down. That is why they continue to sell RESTRICTED stock. In fact, I know of MANY shareholders who have bought restricted stock in the last year to 18 months and have NOT registered to sell that stock myself included.
I want you to keep in mind also that Ray has many many options priced at $3.92. Brad has a bunch for over a dollar. Why would they want to risk being thrown in jail? Ketch has stated publically in the RAQ's that the tech works better than anything out there. That is NOT subject to the safe harbor provisions my friend. Oh yeah...they're risking jail time for their salaries. WOW...THAT'S WORTH IT.
Do a little due diligence before you invest in a stock. It's amazing what you might find out.
Getting the money back from NV won't be a problem. It's getting it back from you that may prove to be a bit tricky.
34- That is an excellent idea you have there. The only negative I can see thus far is the fact that at least some of the shareholders will have to sell stock to raise the $5K. That would be rather disheartening. I think that by the time you have proposed your idea and had the paperwork drawn up, we would likely be pretty close to either revenues from the movie or an outright loan. But again, you are to be commended you for excellent idea and efforts. I just wanted to give you guys something to think about.
excel- If they do ask for another 50 million I hope it's for the purpose of doing a forward split in the future and not because they will need the shares to complete the tech.
EX- I am not missing reasons. They do not exist. You said that you were going to manage this company because you own shares and you do not agree with Brad and Ray's decision to keep the movie on the website. Yet on the other hand you state very clearly that you realize this will not have any effect on the final outcome of the company. When asked why you are so worried about it you try to tell me that you stated very clearly why you are so woried about it. You have NOT been clear.
I also mentioned that you come on the board and whine about something without doing anything about it. You responded: "We can do something about it. I started the process over a week ago."
Brad should not nor do I believe he will give any heed to whatever little efforts you have managed to muster to do whatever it is you're trying to do.
I'll ask you one more time. If you realize that this will not effect the final outcome then why are you so woried about it? You have not answered that one simple question. The reason they gave for not changing it is of no consequence because it affects nothing. You and I both know the movie being on the website doesn't affect the pps one way or the other. So what's the beef?
People put a LOT of time and effort into this movie. It is a part of who we are. When people go to the website, they will see a source of income. Whether or not you agree with that is up to you. My whole point is that you shouldn't always try to second guess someone with a track record. And I agree that this is a forum for debate. You just have a tendency of bullying people around yourself so I am taking it upon myself to put you in your place. I will say though that I believe you do a pretty good job of keeping the riff raff out of here. You just rubbed me the wrong way awhile back and your whole " I AM ALWAYS RIGHT" attitude is one of the main reasons for that. Maybe one day you will have ticked enough people off that you'll stop and ask yourself why. Have a good one.
We can do something about it. I started the process over a week ago.
EX- You didn't answer it "very clearly" as you put it. You said: " Yet with the website issue I brought up I can go to other tech companies websites and see they are focused on tech. "
Is that your clear answer? If so, then what you're telling me is that you want NV to get completely rid of the NVE portion of the website altogether because other tech companies have strictly tech related business on theirs? Come on excel. You and I both know that the movie stuff on the website has absolutely NOTHING to do with the shareprice. It also has NOTHING to do with whether people invest here or not. The same people have been buying and selling this stock for months. Anyone with any REAL money won't touch this right now because there are way too many unanswered questions. So I will go back to my original question that you still have not answered...
"...why make such a big deal about it? I mean honestly...why in the world would you find it necessary to say that you " will continue to manage" this company if it's no big deal? "
I'll say this again.
Let Brad manage the company. You don't have the information or the track record to make decisions or manage a semi-conductor/ entertainment company.
flopflip- Brad says he is sticking to the timelines they have put out and I believe that was stated as recently as last week.
Excel- You said:
In the big picture getting NV entertainment off the website or at least off the front page has little meaning to our final success.
I realize that.
If you realize that, then why make such a big deal about it? I mean honestly...why in the world would you find it necessary to say that you " will continue to manage" this company if it's no big deal?
Arm chair quarterbacks always know the best way to do things because they are in a relaxed atmosphere. There are no pressures. The same goes with shareholders. We don't have the job of making decisions on a daily basis. We don't have to listen to people whine about every little decision that is made. Brad has stated on numerous occasions that they are doing things to benefit us long term. He certainly doesn't need any pipsqueak shareholders calling him on a more than infrequent basis questioning every decision he makes that that shareholder doesn't agree with. I say leave the man alone and let him do is job.
As a sidenote...I have for months debated with myself about Ray. After reviewing all available information, and after talking with numerous people including Ray himself, I have decided that Ray is a pretty good guy and deserves our respect. I do not believe he has been dishonest. Overly optomistic at times? YES. Dishonest??? NO. Have a good one.
KOK- They can actually get permission from the SEC to exclude that information as long as there is a good reason (ie company negotiating rights with overseas prospects).
excel- You said:
" Due to the fact my hard earned money is here being invested I will continue to manage. "
As Dutch stated, we don't have all of the facts. I'll have to agree with his statement that if a person believes a company is being mismanaged to the point that it is detrimantal to the company, that person should most definitely sell and move on.
Something else that I've noticed...you tell Austin that bringing the same point up over and over again on a message board is absolutely useless especially when you can't do anything about it. Well, we've been told before and we're being told again that management has made the decision and the information will remain on the website. It looks to me like you're beating the same dead horse you have told Austin he beats. Have a good one.
What is it that is holding things up then? How could they deliver it right away? Please elaborate.
Excel- I think what Brad is conveying to new investors is that the company does in fact have a source for revenues. Man I feel good about this investment.
Trex- Was that you tht bought the 100 shares to get the pps up off of the 22 cent misprint? lol
Best RAQ to date. Here's a copy:
It looks like it's going to be a little while yet but we're getting there. That's more time to accumulate slowly for those of us who don't receive money in large chunks at a time.
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Q: One thing really concerns me. I wonder how much the potential financiers get to find out about the tech. Could it be they've seen it and aren't sure enough about it's viability at this stage, to sink their funds into it? How much tech information do potential financiers require and how much does NVEI provide?
A: Potential financiers perform a technical evaluation, called a "due diligence" that is thorough and complete. We provide all of the information that they request.
Management has repeatedly said that the main challenge that we face in funding the company is not convincing investors that the technology is real. The main challenge is finding an investment that does not needlessly dilute our current shareholders, or dramatically drive down our share price.
We receive offers on a continual basis that would dilute our shareholders. An example of one type of offer that we reject is where we get cash now, but have to issue stock to the investor that then gets sold on the open market immediately. Another example of a rejected offer is one where a venture capitalist wants to invest several million dollars, but wants to end up owning fifty percent, or more, of the stock. Yet another example are those offers to buy just Embarq for a small amount, leaving shareholders with a shell company.
Even large equipment manufacturers and semiconductor developers have made investment proposals that are highly dilutive. The very fact that they stand to gain a competitive advantage when Embarq is developed means even more that they want control of the Company. We will not let them do that to you, our shareholders.
Each of these schemes have endless variations and subtleties that are time consuming and difficult to sift through. To date, Management has been successful in avoiding investment deals that needlessly dilute our shareholders, and we are confident that we will continue to protect shareholder value.
The types of investments that we are accepting are those that do not involve stock at all (long-term debt), or those where the stock is restricted from being sold on the open market for at least one year. Management and the Board of Directors all own, or have options to own, the same common stock that our shareholders have. Thus, we all benefit from less dilution and a higher stock price.
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Q: At what stage are you in NVEI's business plan, and also, can you be specific about the business plan in general?
A: New Visual is a development-stage semiconductor manufacturer that now has a significant and long-term funding potential that comes from a legacy business, the film. We have no plans to create another film.
Our future is tied to the successful development and marketing of a semiconductor that enables regular copper outside plant wires to carry much more data than they currently can carry. We have, to date, proven the concept through a technology trial at Maine Telco, and released a prototype to two target customers. We are pleased with the feedback from those customers, and are in the midst of developing the second stage of the prototype, the FPGA. We will release the FPGA to target customers, receive their feedback, and then develop the high-volume, low cost final version, which will be an ASIC.
Management has not released projected dates or revenues for the FPGA or the ASIC, but will begin to characterize those projections when the development is more mature.
We continue to be excited about the market potential of our technology.
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Q: Have you encountered any troubling problems or setbacks in the evaluation process with the Embarq Technology? Where is the Embarq Technology in the evaluation process?
A: We have not had any negative reports or setbacks in the evaluation process. Embarq works, and customers are telling us that they are interested in buying it when it is complete.
During this period of time where our engineers are busily writing code, management has various ways of determining whether or not we are still "on track". We have a written, step-by-step project development plan that we reference on our regular conference calls and review meetings. Just last week we asked Dr. Walter Chen of our Advisory Board to visit us for a day of in-depth evaluation and advice. At the end of this session, he agreed that the technology is on track for completion.
To complete Embarq, New Visual must go through two more important stages - the release of the FPGA, and the release of the ASIC. We are working on the FPGA now, and will release it to several target customers when it is complete. We will begin working on the ASIC immediately upon the release of the FPGA, incorporating feedback from our target customers as we go. At a certain point in the manufacturing process, of course, the ASIC's design will be locked, and further modifications will be incorporated into the second ASIC release.
Some investors have expressed concern that the "window" for Embarq could close before we release the product. Management is not concerned that this will be the case, because we continue to believe that our competitors are far behind us. Embarq is a visionary product, and should remain ahead of the pack for some time to come.
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Q: Approximately how many interested parties Worldwide are there for the Embarq Technology.
A: Embarq will be placed into two separate and distinct spots in the telecommunications network. One spot is the central office / remote terminal (CO/RT), and the other is in the customer premise equipment (CPE).
There are twenty to thirty CO/RT manufacturers who drive ninety percent of the volume. Examples are companies like Alcatel and UTStarcomm. There are over a hundred CPE manufacturers, and examples include Westell and Corecess.
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Q: Are you still planning on licensing the Embarq Technology to all interested parties, or will it be exclusive by region or country?
A: We have not yet decided whether we will license Embarq or not. One approach is to not license it at all. In this approach, we would manufacture and sell the ASIC completely on our own. We would use a fab plant to build the chip, but then would market it under our brand name. A benefit to shareholders is that we would make more profit per chip sold.
Another approach is to license the finished chip to a third party. In this approach, they would manufacture and sell it on their own, under their own brand name. A benefit to shareholders is that our sales volumes would be higher.
Then there are mixes to the two approaches. We believe that it is too early to make a decision, and will consider it in due time.
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Q: When funds become available do you plan on retaining Quint PR's services, another reputable firm, or will that continue to be handled in-house?
A: Yes, we plan on having extensive public relations and investor relations activities when we have the funds to spend on them. For now, our priority is finishing the technology.
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Q: Upon the close of a movie deal do you plan on dismantling the New Visual Entertainment portion of your website?
A: NVE will generate significant profits for us for several years. For at least another year, NVE will be an important source of funding for NVC, and as such, will always be prominently featured in our investor communications.
We plan to reduce the amount of information on our web site as time goes on, but even seemingly minor redesigns to the layout of the site involve expense that we do not want to incur right now.
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Q: In the last RAQ there was an update regarding the BBX process/NVEI's application. It mentioned June 5th as the date we can expect the final application. Is that still the case? How long after that will we know about NVEI's status with the BBX?
A: The BBX will be a new listed market for small companies. The objective is to create a more transparent and better-regulated market that will improve investor protection and enhance the opportunity for small business to raise equity finance. Management believes that New Visual will attract much more attention from institutional investors once NVEI is listed on the BBX, and that this should help support our share price.
One of the great features of the BBX is the "Autoexecution System" for trades. Unlike the OTCBB system, Autoexecution immediately executes your orders. Without autoexecution, an investor cannot be certain that his order to buy or to sell will be filled promptly. This guards against excess volatility in the stock, which benefits all shareholders. This system, plus other new, tougher rules, will give us all better protection against stock price manipulation.
Another feature of the BBX is stronger shareholder rights. If a company is listed on the BBX, shareholder approval will be required for transactions that involve acquisitions; the creation of stock options plans for officers or directors; large, below-market issuances of stock; and reverse mergers or changes of control. Fortunately for New Visual investors, all of these rights are already in place, per our corporate by-laws.
One unfortunate feature of the BBX is that we will be required to get a new ticker symbol. We have not decided what the symbol will be yet, but will inform you when we do.
The schedule for the shift to the BBX is as follows:
- June 5, 2003, provided that the application is released by the BBX on time, we will apply for the BBX.
- January 5, 2004, the BBX goes live
- July 2004 the OTCBB is retired
At a recent BBX conference, we were told that about one-third of the current OTCBB companies will not be accepted on the new exchange. Examples of companies that would not qualify are shell companies, those without outside directors, and those that have had significant SEC violations in the past. We are confident that we meet all of the listing requirements and that we will be accepted.
I believe that all is well with this stock. There's no way Brad is enough of an idiot to publicly state all is well if it were otherwise. He has reaffirmed the timelines as well. Of all the POS stocks that were flying high back in the day, this is one of VERY FEW that is still viable. There's just no way they could have kept a scam going for this long. I have been buying small chunks of stock for about 6 weeks now trying to get back up to where I once was. I plan to retire within 3 years and that's no shite. In my opinion, many of you will be sorry that you didn't send in every spare dollar to buy more but I completely understand why you're not. This is an idiot's investment right now but I believe it will soon become otherwise. Just wanted to reaffirm my position. Have a good one.
Simple living yields simply millions in savings
Many people who lead simple-living lifestyles are millionaires. Their wealth is the result of hard work, perseverance, planning and self-discipline.
By Janet Luhrs
Many people already lead simple-living lifestyles and don’t know it. And many of them are millionaires.
Proof can be found in the best-selling book, “The Millionaire Next Door,” by Thomas Stanley and William Danko. You’d never guess that the subject of millionaires could have anything to do with simple living, but it does.
Compulsive savers vs. the rest of us
The millionaires in this book were not born wealthy, nor do most of them have high-level, exotic jobs. What they do have are simple lifestyles! It’s the simple lifestyles, not the big paychecks that turned these people into millionaires. According to the book, their wealth is the result of hard work, perseverance, planning and most of all, self-discipline.
So why aren’t all of us hard-working souls rich?
Answer: We regularly and continually give our money away to other people so they can become wealthy, while we live paycheck to paycheck. We buy the latest cars, biggest houses, full wardrobes, daily espressos, high-tech gizmos and gadgets of all kinds. As a result, we’re on treadmills, never allowing ourselves the time to create the kind of lifestyle we want. On the other hand, the millionaires are described in the book as “compulsive savers and investors.” After surveying 1,115 millionaires around the country, authors Stanley and Danko came up with seven common denominators among those who successfully build wealth:
They live well below their means.
They allocate their time, energy and money efficiently, in ways conducive to building wealth.
They believe that financial independence is more important than displaying high social status.
Their parents did not provide economic outpatient care.
Their adult children are economically self-sufficient.
They are proficient in targeting market opportunities.
They chose the right occupations.
This list represents simple living at its finest. Here’s why. Simple living is about living consciously and with a purpose. This means being in control of your money and your life. When you save your money rather than continue spending, you buy yourself control. Then you have a say in how you’d like to spend your time.
With money saved and invested, you can live for years without earning money, or you can at least afford yourself the luxury of working part-time. This is vastly different from living paycheck to paycheck. These millionaires have created lifestyles and jobs that are meaningful to them because they took a look at the big picture and made choices accordingly.
The millionaire next door
“The flashy millionaires glamorized by the media actually represent only a tiny minority of America’s rich,” Stanley and Danko say in the book. “Most of the truly wealthy in this country don’t live in Beverly Hills or on Park Avenue -- they live next door.”
The authors say that the typical wealthy individual is a businessman who has lived in the same town for all of his adult life, and owns a small factory, a chain of stores or a service company. He lives next door to people with a fraction of his wealth. Their survey indicated that while the paycheck to paycheck crowd drives new cars, most millionaires don’t. They’re not wearing expensive clothes and watches and their houses are relatively modest compared to their financial status.
You don’t need to be a millionaire to lead a simple life, and indeed, no one said that money equals happiness. But you can learn from millionaires how to get off the treadmill and create a satisfying life.
What the tax cut means to your wallet
Not every taxpayer gets a piece of the action. Married couples, parents and the affluent make out best.
By Liz Pulliam Weston
Now that Congress has passed -- and President Bush has signed -- a $350 billion tax cut, what will the new provisions mean to your wallet?
If you have kids, the new law will affect you starting in late July when the Internal Revenue Service starts to send out rebate checks worth $400 a child.
That's one way the new law promotes its family-friendliness. The law will also give new breaks to married couples and cut rates for higher-income taxpayers and investors. The bottom line for the typical taxpayer: you'll save $671, the Tax Policy Center estimates.
Taxpayers with adjusted gross incomes of less than $10,000, roughly 24% of the total, get no new benefit. However, few in this bracket pay any federal income tax and instead receive a refundable credit equal to about 10% of income, on average.
Here’s a rundown of how the major provisions of the legislation will affect taxpayers.
Boosts the $600 child tax credit to $1,000
Parents who took the child tax credit on their 2002 returns should get an “advance payment” check this summer for up to $400 per child to reflect the new, higher credit. These will function much like the advance payment rebate checks of two summers ago, when taxpayers received up to $300 each in the mail. The difference, of course, is that only parents will benefit; the childless won’t see a cent.
The checks will be mailed out starting July 25 when the IRS starts the first of three principal mailings to qualifying taxpayers. The other payments will be mailed on August 1 and August 8. Notices will be sent out to parents before the mailings informing them of their payment amount. Keep your notices, the IRS advises, for your 2003 tax tax return. You'll need to take the advance payment into account when determining the amount of your credit for your 2003 tax return.
Parents who filed after April 15 will get their checks after their returns are processed. These taxpayers are mostly those who filed for automatic filing extensions.
The $1,000 credit will last for two years before shrinking to $700 in 2005 through 2008. In 2009, the credit would rise to $800 before returning to $1,000 in 2010.
The oscillating credit is just one way Congress played with the numbers to reduce the total cost of the tax bill.
Who gets what
Adjusted gross income Avg. tax chg. Avg. tax rate, old law Avg. tax rate, new law % of total tax cut
<$10,000 -1 -9.9 -9.9 *
$10-20,000 -56 -4.0 -4.4 1.4
$20-30,000 -199 3.6 2.8 3.9
$30-40,000 -326 7.0 6.1 4.7
$40-50,000 -436 8.7 7.8 4.9
$50-75,000 -680 10.0 8.9 13.1
$75-100,000 -1,505 12.2 10.6 15.8
$100-200,000 -2,147 15.9 14.3 21.8
$200-500,000 -4,069 22.8 21.5 9.9
$500-1 million -14,142 27.5 25.5 5.7
>$1 million -88,326 28.7 25.8 18.7
*Less than 0.05%
What’s not clear is whether some parents with rising incomes will have to send the money back. The child tax credit starts to phase out for single people with modified adjusted gross incomes over $75,000 and married couples with MAGIs over $110,000. If the parents’ incomes were under those limits last year but have since exceeded them, the taxpayers may not qualify for the full $1,000 credit, said Neil Allen, spokesman for tax research firm CCH Inc. Unless Congress decides to allow taxpayers to keep overpayments -- as they did with the last advance payment program -- these parents could face a higher tax bill next April as a result.
Accelerates tax relief for married couples
The last big tax bill in 2001 promised relief from the so-called “marriage penalty,” which taxes some dual-income couples at higher rates than if they were unmarried and filing as singles. The relief, however, wasn’t scheduled to kick in for most people until 2005.
The new tax act changes that. The standard deduction for marrieds will be raised from the current $7,950 to $9,500 -- twice the standard deduction for single people. People who itemize their deductions on their income taxes won’t see any effect, but the majority of couples who take the standard deduction will save $155.
In addition, the 15% tax bracket has been expanded for married couples from its former limit of $47,450 in taxable income to a new top of $56,800 -- which is twice the limit for singles. The savings would be $1,302.
Once again, the tax break will then shrink before growing again. In 2005, the top of the 15% bracket would shrink to 180% of the single-taxpayer amount and the standard deduction for marrieds would equal 174% of that for singles.
Both percentages then would rise over the next few years until they hit 200% of the single amounts.
That is, unless Congress decides differently.
Drops the top income tax rates and expands the lowest
Widening the 10% bracket has the effect of slightly reducing just about everyone’s tax bills, since the first $7,000 of income for single people and the first $14,000 for married people is now subject to the lowest 10% rate. (The limit previously was $6,000 for singles and $12,000 for marrieds.) This move alone will save singles $50 a year and marrieds $100.
The bill also accelerates the reduction in the top tax rates that was planned for 2006. The current 10% and 15% rates would be preserved, with the higher tax rates reduced as follows:
The 27% rate scheduled for 2003 becomes 25%.
The 30% rate scheduled for 2003 becomes 28%.
The 35% rate scheduled for rate becomes 33%.
The 38.6% rate scheduled for becomes 35%.
For a couple with $70,000 in taxable income, the changes would knock their tax bill from $12,606 to $11,120 this year, saving them $1,486. For a married couple with $400,000 in taxable income, the tax bill would drop from about $124,701 to $108,344, a savings of $16,357.
Reduces the top tax rate for capital gains and dividends to 15%
Until now, capital gains topped out at 20%, while dividends were taxed as ordinary income and just subject to higher income tax rates.
The rates on capital gains and dividends is lowered to 5% for people in the 15% tax bracket or lower. That now includes singles with taxable income of $28,400 or less, and marrieds with taxable incomes of $56,800 or less. For these lowest-bracket taxpayers, the rate drops to 0% in 2008. (The reductions are scheduled to disappear in 2009, returning rates to today’s higher levels.)
To illustrate: A married couple with $50,000 a year in taxable income last year would have paid $200 in capital gains taxes on a $1,000 stock sale profit and another $270 on $1,000 in dividend income. Under the new law, the tax on the dividend income would be $50. The tax on the gain would be $50. The total tax: $100. Total tax savings: $370.
Offers AMT relief
The alternative minimum tax, originally designed to ensure the wealthy didn’t use loopholes to escape tax entirely, in recent years has snared more moderate income people. The tax bill aims to reduce that number by increasing the so-called AMT exemption to $58,000 for married couples filing jointly, up from the current $49,000. The AMT exemption for single would rise from $37,750 to $40,250.
Looks like a loooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooong road ahead for those still holding this stock. You might be better off selling now and investing elsewhere for a while.
engineer- It is my opinion that the company would in fact put together a fax blitz and send it out in order to increase the share price.
Damn I missed those intelligent sounding posts. Your grasp of the English language is exceeded only buy your.........
sat for a minute and tried to come up with something. Thought about saying "exceeded only by your good looks" but that just didn't seem like the thing I'd want to say. When it boils right down to it, your grasp of the English language is exceeded by nothing that I know of. Have a good one. :)
Welcome back lotimer. LOL JMHO FWIW (personal joke)
austin- I have to say that you hit the nail right on the head. I have asked that several times and gotten the standard "we cannot disclose that" answer. It has been a concern of mine for a couple of years now. Hopefully we don't learn the hard way to pay heed to those types of red flags in the future.
Excel- It could be as simple as no one will buy the stock once the mm's raise the price a few cents. They've found a sweet spot where people are buying and we may very well have someone who has hired an mm to unload a substantial position. It really could be as simple as that.
cosmo- Once people saw that we were getting good reviews from Tribecca, it was assumed that a movie deal was right around the corner. Therefore, the price increase took place at that time (a couple of weeks ago). Once the deal was made public, it was a non event.
Cosmo- right now I'm just as happy as a tick on a hound dog that New Visual has completed something. We will get news for sure. Also, if you'll remember, New Visual could have had a deal a long time ago but they were holding out for a better deal. You can just about bet your bottom dollar that this deal will be a good one for all involved. Have a good one.
I will look forward to getting the details very shortly. Surely New Visual doesn't intend to keep those a secret as well.
34- I have to agree. While Mikey and I totally disagree about New Visual, I do not agree with the deletion of that post. When dealing with people, it's not always a matter of black and white. A little gray area is a MUST or else a person is guilty of being without conscience. And just for the record, I don't care what the I-Hub rules say. They're excellent guidelines, but rules are meant to have exceptions sometimes. So whoever deleted that post, whether it was excel or matt, might have taken a little more thought as i believe it was a decent post. Have a good one.
By the way...it looks like I broke the chatroom rules by posting this conversation out here. Why don't you go ahead and have the vote to kick me out tomorrow. The sooner the better. Adios.
Just for the record...
I had a conversation with a person whom I believe to be somewhat unreasonable. I refuse to deal with the politics of this board any longer. Austin, I do not agree with some of the accusations you made on this board. However, I believe that having a post deleted just because someone disagrees with what you said is VERY immature. I think some people get too wrapped up in this board and the administration of it. It's just a message board. My gosh...
There was a time where I wanted to meet some of the good people in this stock but I think they are gone. They've been alienated from this board. Brady is a good person. I met him and liked him from the get go. I think someone needs to learn how to get along with others and admit when they have crossed the line. Maybe if this person ticks enough people off he may start to get the picture.
Again, Austin, I was trying to make a point to you about your questions by being sarcastic. I didn't mean for you to have your freedom of speech stomped on. Have a good one.
wheels
Movie contract by June 15th (I don't think they can move fast enough to have it officially done by the end of May)
Funding- I will not jinx funding by making a guess
Tech results- We will not see information on tech progress. We will only see a signed contract
Signed contract- September 15
Buy out- March 30 sounds good to me
Austin- I'm sorry about the deleted post. You're a good and decent human being and I wouldn't mind meeting you someday. I was halfway joking when I made those smart alec posts to you. I didn't mean any harm.
austin- you're not the only one who doesn't get it. Ivan hasn't done a thing for NV as it relates to funding as far as we can tell.
Austin- I think a decent movie deal will get the shareprice up to 94 cents. However, if we get a teriffic deal, we're looking at a shareprice of $1.29. One thing to consider though...if we get more than 1.62 million dollars in upfront cash then you will need to add .024 to the shareprice for every $68,274 above the 1.62 million. Hope that helps. Have a good one.
OK CW...I have some time now. Here's the deal from my perspective. I could care less about the intricate details of the movie contract. In fact, I hope New Visual has more of a short term outlook as it relates to the deal. What I mean by this is I hope they gave up more money later for some money now. Do I really believe that will happen? No Sir I do not due mainly to the Browns. My long term outlook for the company is in getting the tech to market AS QUICKLY AS POSSIBLE which takes money NOW...not a year from now (long term). By the time we begin seeing significant revenues from the movie, we had better be well on our way to having an ASIC produced. At that time though we will have almost certainly gotten a loan because we will have signed a contract or we wouldn't have gone into ASIC production in the first place.
PS- Just to clarify matters a bit, when I say significant revenues from the movie, I'm talking about DVD sales etc. I believe we will be doing good to get anything significant from the release in theatres mainly because it is a documentary style picture.
CW- I totally agree with you about the long run and right now I think the best thing is to get money upfront to help increase the shareprice so that we don't have to sell as many 144's to get us to ASIC production.
I have placed my bet and am speculating that New Visual has been either holding out for upfront money or an outright buyout of the movie. What a nice little POP that will be. <<<The time to get in is NOW>>>
Trexville- Thanks for the report. One of the questions I have always had is can the movie contract be used as collateral for a conventional loan (non equity type)??? I assume it can so I guess the real question is...WILL NV DO IT??? Thanks.
You're not going to believe this guys...
I went to the store the other day and instead of choosing Corel Office Suite, I decided to put MSFT Office on my computer. PUT OUT A PR!!! WOLFY CHOSE OFFICE!!! YEAH!!
man oh man.