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SCAM PATROL, Why don't you tell us what it is?
deeba
halston, You are getting awfully nervous all of a sudden. You starting to catch heat from up above?
deeba
Too bad for you..........
deeba
October 26, 2004
President's Letter
Dear fellow shareholders of New Visual Corporation:
Hello, HelloSoft.
I am glad to tell you that New Visual has taken a major step forward. HelloSoft is a company that we are proud to be associated with. They have attributes that I look for, qualities that are desirable, in a partner. Let me describe them to you.
First, they get things done. A quick read of the press release section of their website will reveal that they regularly deliver finished software to their clients. This ability to consistently, reliably finish what they started will become very important to us as we move Embarq to market. New Visual requires a string of predictable, consistent deliveries and we believe that HelloSoft can give them to us. They get things done.
Second, they are in it for the long haul. They did not enter into this strategic partnership lightly. Let me tell you about the extensive research that they did before we committed to each other. All of the way back in April 2003 New Visual began talking with Bangalore-based software development firms. The HelloSoft engineering team immediately stood out. And to them, Embarq™ stood out from all of the other projects that they were looking at. Tom Cooper and I met the US-based corporate headquarters team for the first time in San Jose in October 2003. We had an extensive set of meetings where we talked about everything - the technology, the capabilities of HelloSoft, the corporate cultures, expectations, goals, resources - that we needed in order to figure out if we could work, and win, together.
In November 2003 HelloSoft and New Visual jointly went to Newton, MA to the headquarters of Adaptive Networks, Inc. to review the algorithms, software and hardware with Dr. Michael Propp. During this trip, Adaptive answered every question satisfactorily and provided a great deal of follow-up information, including estimations of time and resources required to finish the FPGA prototype and ultimately the ASIC. Also in November, HelloSoft came to Portland to delve further into the technology and into the business relationship with New Visual. They looked into our marketing and production plans. In all of this activity, both of us felt strongly that the other party was capable of winning, and that a great corporate fit was in the works.
In March 2004 we signed a development agreement with HelloSoft that was a big step forward, but also a complicated one. The way it is structured, the body of the deal outlines all of the business relationships, duties, "what ifs" and details that you would expect to see defined in a new Strategic Relationship. But it was silent as to the most important piece, which is the list of exactly what it is that they were to do, and how much it would cost. That information was moved to an attachment, and then left open to be defined later. The reason that we did this is that we on our side were simply not able to commit to beginning the program. But, we wanted to hold our "place at the table" until we were ready to commit. This complicated arrangement ended up working out great, and in fact this March 2004 is the main agreement to this day.
In April 2004 Dr. Propp from Adaptive visited HelloSoft in San Jose and gained a strong level of comfort that HelloSoft was capable of continuing with the development of Embarq™. He requested and received HelloSoft's Design-Verification Guideline, sample Verification Test Plan, sample High-Level design, sample RTL Design document, sample C Code and sample Verilog code, that showed the level of quality that HelloSoft brings to the projects that they work on. All of them passed Adaptive's rigorous scrutiny.
At last, in October 2004 New Visual was ready to define and sign the first amended step of the work that HelloSoft is to do. We announced it last week to all of you, and have received many positive comments and quite a few questions. Perhaps the most common question is a natural one, 'how many more steps will there be with them, how much is it going to cost, and when will the FPGA and ASICs be released?' In other words, many are wondering how the rest of the story will play itself out. I want you to know that many of these questions have been answered in the private relationship between HelloSoft and New Visual, but that I am not ready to release them to you yet. I can say that HelloSoft is capable of not only delivering the FPGA, but they can also take us to the ASIC and even beyond into other products. HelloSoft is committed to the long haul.
Finally, they are committed to our success. Back in March when Krishna Yarmalgatta, their Founder, Chairman and CEO, and I began discussing a relationship in earnest, he posed the question, "what can HelloSoft do to really help New Visual?" HelloSoft agreed to receive half of its payment in cash, and half in shares of common stock subject to Rule 144 for the final stages of development of Embarq™. Mr. Yarmalgatta jumped at the chance, because he believes, like we do, that New Visual stock will be eventually worth more than the cash would ever be.
By receiving stock, HelloSoft is putting itself in the same place that you, I and the other stockholders are. They will make their money when, and only when, NVEI is worth more than it is now. They, like me, believe that it will be.
By receiving stock, HelloSoft is making an investment in New Visual. Many shareholders have asked me over the last two years, "if New Visual's technology is so good, then why isn't a technology company making an investment in it?" Here is our answer. HelloSoft is a smart technology company. They have lots of money in the bank. They are growing and adding new clients all of the time. This investment in New Visual's future, which could ultimately be valued above a million dollars, is a very big deal. They are committed to our success.
You can see that HelloSoft gets things done, is committed to the long haul, and is committed to our success. This new relationship has been carefully crafted to take Embarq™ to the next level, and I am excited about it.
Please join me in saying hello to HelloSoft.
Sincerely,
Brad Ketch
President and CEO
New Visual Corporation
dilt, Thanks for the info. Much appreciated.
I knew I could count on you.
deeba
Does anyone here know approximately how many shares NVEI has in the float?
TIA
deeba
OT: Congrats dutch and mag, and whoever else is a Cards fan!!!!
Great game tonight. It should be a very exciting World Series.
deeba
WHP, Thanks for your lesson on how business works in the real world.
deeba
427, Thanks for enlightening us last night with your DD.
HelloSoft is a rather small company, but with some pretty heavy hitters all around them. I would not be surprised at all to see one/some of them being on our BOD.
I like what I am reading about our partner.
deeba
Ol Henry, I found it interesting to learn that HelloSoft is taking half of the $185,000 NV owes them, at this time, in our according to some here, nearly worthless "wallpaper" stock.
They must like what they see.
deeba, UPOD
Thanks dog. Check out some of the companies HelloSoft hangs with:
http://www.hellosoft.com/partners/default.htm
deeba
Ol Henry, I noticed that very same thing. Do you suppose that the purpose of today's PR was intended for bigger fish than some of those that post here?
deeba
iOwn, I have not, but was wondering the same thing as you.
deeba
427, Thanks to you and your friend for the info. I too am not sure what to make of it.
deeba
Grove, This is what I see on WallStreetCity. With total volume of 109,800. Somehow your service is giving you too many Zero's at the end, I believe.
deeba
Last 10 trades
Time Price Volume Exchange Info
16:11:22 0.137 40000 OTCBB
15:56:23 0.130 5000 OTCBB
15:55:42 0.130 5000 OTCBB
14:40:15 0.130 900 OTCBB
14:29:37 0.130 100 OTCBB
13:50:20 0.140 2000 OTCBB
13:45:26 0.140 900 OTCBB
13:31:27 0.130 1600 OTCBB
11:59:20 0.130 900 OTCBB
11:50:24 0.130 300 OTCBB
New Presidents Letter:
http://www.newvisual.com/letters/pres_letter_8_18_04.cfm
Wednesday, August 18th, 2004
President's Letter - August 2004
Dear Shareholders,
I am pleased to tell you that today New Visual's registration statement has been declared effective by the Securities and Exchange Commission this week. I am very happy to have fulfilled this obligation to our new investors and want you to know that we are working hard to reward their confidence in us.
Now that this registration and the so called "quiet period" are behind us, we can resume regular updates of our business developments and plans, subject, of course, to applicable rules governing disclosure and other related matters. I am excited about the things that we have to share, and am confident that you will see, as I do, that New Visual has gotten much closer to its ambitious goal of becoming a powerful semiconductor company.
In the coming days and weeks, I plan to provide you with updates on our progress in our technologies, our film and the financial and the organizational areas. I think that you're going to like what we've been doing, now that our 'quiet period' is behind us.
Sincerely,
Brad Ketch
President and CEO
New Visual Corporation
deeba
porscha, Thanks for the post this morning. You are truly a breath of fresh air.
deeba
iamshazzam, Thanks for the laugh this morning!!!!!
deeba
rub & EW, Good idea. I know that there has been some buying in the last few weeks at the bid. I am curious to see if it still is going on.
deeba
OT:
Groove, You failed to post this part:
"Kerry has missed more than 80% of Senate votes this year, the AP reports."
Just thought I would make sure this part was here too.
deeba
Look at these last trades of the day, all while the Bid was .125 and the Ask at .13
3:59:32 PM Trade 0.13 5000
3:57:44 PM Trade 0.16 4180
3:57:44 PM Trade 0.145 1500
3:57:42 PM Trade 0.135 1400
3:57:40 PM Trade 0.15 12100
3:57:38 PM Trade 0.13 9650
3:57:34 PM Trade 0.18 177000
Interesting!
deeba
777, I guess we will see if we have had an excess of, as you say HOT AIR, or if we have had an excess of, as I say BAD GAS on this board of late.
deeba
WOW spoke. I hope everything turns out OK for your granddaughter.
deeba
Groove, I check 2 different sources to see the "historical" volumes for yesterday. Both had the same volume of 176K, which included those trades made above the ask. So I would say they are legit.
deeba
427, Thanks for your continuing DD.
deeba
I see that 75K was filled at .01 below the ask. Current bid at 17, ask at 20. Total volume 86,950.
10:11:40 AM Trade 0.19 75000
deeba
Groove, According to NFRT there were a total of 252,900 shares traded in the last 7 1/2 minutes of trading today. Of those trades, this is how it broke down:
At the Ask 201,900, most all at .20
Tweeners 11,600
At the Bid 39,400
3:54:36 PM Bid 0.16
3:54:36 PM Trade 0.20 42,500
3:54:34 PM Trade 0.20 39,400
3:54:34 PM Trade 0.19 39,400
3:54:16 PM Trade 0.20 50,000
3:53:34 PM Bid 0.19
3:53:34 PM Trade 0.20 10,000
3:53:34 PM Trade 0.18 10,000
3:53:28 PM Trade 0.20 50,000
3:53:08 PM Trade 0.20 5,000
3:52:54 PM Trade 0.17 1,600
3:52:30 PM Bid 0.18 5,000
3:52:30 PM Ask 0.20
3:52:30 PM Trade 0.18 5000
deeba
427, BRAVO!!!!!
deeba
Pretty normal trading of late for NVEI, right?
2:29:24 PM Trade 0.20 shares 25000
2:29:24 PM Trade 0.20 shares 25000
2:29:24 PM Trade 0.195 shares 25000
2:29:24 PM Trade 0.195 shares 25000
2:28:02 PM Ask 0.21
2:28:02 PM Ask 0.20
2:28:02 PM Bid 0.195
2:28:02 PM Trade 0.21 shares 19550
2:26:38 PM Ask 0.21
Ya right.
deeba
mag, Yup, I guess anything is possible!!!!!!!!!!!!!
deeba
Craig, You got that right, a nice little shakeout! And speaking of the MM's playing it, did you notice that yesterday the first 12 trades that were not at the Ask, at .22, were below the bid. That totaled about 68K shares, which were either .005 or .01 BELOW the bid. Pretty smart investing, LOL.
Good to hear from you again.
deeba (DJ)
jjz, Thanks for sharing your info from Brad.
deeba
louis & cj, MMM, every chance they get.
deeba
98,500 shares traded after hours so far today. Notice that the 48K trade was below the bid, the others are at the ask:
16:13:07 0.226 48000
16:04:29 0.240 500
16:04:27 0.240 50000
deeba
louis, MMM.
deeba
excel, So are you saying that Brad & Coop & all the others from NVEI are flat out lying to their shareholders when they have repeatedly stated that the tech works?
deeba
72, Thanks for the info.
deeba
Per NFRT with volume of 573,537:
At Ask 373,938
Tweeners 37,675
At Bid 161,924
Definitely some accumulation going on today. GVRC on the BID most all day usually by themselves.
deeba
EW, Appears like that is what was happening. From .265 at open to .30 at 10:40:14 all by themselves.
deeba
Ben, GVRC sure seems determined on the bid side, they just keep moving on up. And mostly NITE on the ask, along with ALEX now taking the lead.
deeba