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If NVEI continues the lack of tech information to shareholders, I wish somebody with some authority would find out what's REALLY going on. When will NVEI be forced to "shed light" on their tech and their operation? Don't shareholders deserve to be informed about their investment?
Brad, is that "Rolling Thunder" or the "Roof Caving In" I'm hearing? Time to "get your act togather" and "PRODUCE", not just talk. Seriously, how much longer can we pay huge salaries to people that don't produce positive results for shareholders? It's going to be an interesting Shareholders's Meeting if this lackluster performance continues.
hitimer, where are you? Oh well, deeba, how about you REALLY answering a TOUGH question, "What are your impressions of Ketch? Do you feel he's a "straight shooter" or a masterful "BSer"?"
OT: Sean Hannity for President in '08. That guy is brilliant. I feel he could be comparable to Reagan in the White House.
hitimer, thanks for the report. I'm fairly impressed with Ketch's resolve when he says such things as "the tech works" and indicates that he feels that tech revenues will happen this year. Obviously, I'd like to see evidence. But he does really seem to be detemined to make NVEI a success. What are your impressions of Ketch? Do you feel he's a "straight shooter" or a masterful "BSer"?
Has NVEI ever revealed their patent numbers. If not, what's their excuse?
louis, you are from Missouri? So am I. Whereabout's in MO? Can you try to arrange for Ketch to have a meeting in St. Louis or Kansas City? So we can talk with the "main man". Something like pengy, I think, arranged in the Cincinatti area a while back. I wonder if they are still interested in doing those sort of shareholder "get-togethers" anymore. We probably need something like that now, more than before.
rim, I can see you are getting somewhat impatient as well. Understandibly so. Have you called Ketch recently? The way I'm beginning to look at it is, what good does it do to call him? "The proof is in the pudding".
jjz34, as an attorney, please respond to this. Is there a point where Ketch will have to prove what he's said, that "the tech works"? You, or anybody, please correct me if I'm wrong, but I think he said that. If so, that could be construed as a misleading statement IF it's proven to be bogus. As CEO, how can he not be accountable, legally, if the tech never proves to "work" as he has claimed? I'd think some would claim that statement from the CEO of NVEI, influenced them to invest in NVEI.
For instance, if this drags on for another 18 months with no evidence that "the tech works", could he be face a legal challenge of some sort? At what point could or would the SEC intervene?
I'd also be interested in any other opinions on this matter.
NVEI's tardiness in delivering their tech wouldn't bother me if I knew "for sure" they have a viable tech that will produce revenue and increase shareholder value eventually.
I mean, if they REALLY have the tech, a little more time to "get it done right" doesn't bother me other than the further dilution of shares.
But from some of the things that are often mentioned on this board about NVEI's past, it's really difficult to give NVEI the "benefit of the the doubt". IMO
halston, the movie was a "viable product". Not a "blockbuster", but viable never-the-less. So, NVEI has shown that they are capable of producing a "viable product".
Whether they can produce a viable tech product is the question.
yep Chipwa, the dilution of shares for shareholders without any obvious results showing that they were truly earned is hard to accept.
Come on Brad, prove to us you are worth that handsome salary and all those shares. I'd gladly accept it, IF I see some worthy results. I have a feeling there are others that feel the same way.
I think that excel simply feels that he was misled, is VERY, VERY pizzed about it and is trying to remind Ketch about that and "put some heat on him". JMHO
I got my info on the SB-2. I don't understand why NVEI can't comment on the FPGA though.
Does this mean that the FPGA is completed and NVEI has submitted their PR to the SEC for review and approval before the PR can be released?
I e-mailed this to Ketch,
"Brad,
Please tell me (in laymen's terms) what is holding up the FPGA? In other words, what specifically (in laymen's terms) are the nine engineers working on? I'd really like to share your response with fellow-shareholders on I-Hub. I hope you consider this as a legitimate question from an interested shareholder."
Ketch's e-mail reply, (for which I do appreciate)
"We are in a "black-out period", which means that the SEC does not want us to comment. The black-out period ends when our SB-2 is declared effective. We have no control over the SEC in this regard."
I'd really appreciate somebody enlightening me on, "The black-out period ends when our SB-2 is declared effective." What an "SB-2" and when is this likely to be "declared"?
jjz34, thanks for that "thoughtful" response. The fact that, obviously astute and respectable, individuals like yourself are still "hanging in there" helps keep "hope alive" for me as I ponder my investment in NVEI.
I, too, like the fact that, when talking with Ketch, he doesn't appear to be "BS ing". I can't say that I've always felt that way in talking with some other NVEI personel in the past.
I sure would like to see him finally deliver something "tech-wise" though. It's getting harder and harder to rationalize something positive possibly happening.
jjz34, what's your take on why funding has been so difficult to obtain? Doesn't it seem like some potential investors have probably had a chance to study what NVEI has much closer than the average shareholder and weren't impressed enough to invest?
I'm trying to remain as upbeat as I can, but this seems to be a negative indicator to me. I'm hoping you can offer something on this that makes me less concerned about this. Possibly, Ketch may have said something regarding this to you.
What is the essence of this "quiet period" discussion? Is there speculation that NVEI has filed for an announcement of significant news and NVEI is adhering to a "quiet period" requirement which is the reason we haven't heard from the company publicly for a while? Would that news possibly be a funding announcement or tech update?
spokeshave, you said, "Why have I received vulgar slurs regarding my daughter who has cancer?"
That, sir, really bothers me.
Come on people, if you put this dubious investment above human, cherished life, you need a prayer.
wheels, you got any idea as to what kind of news that could be so significant that it would require a "quiet period"?
pengy, have you had any recent conversations with the Central Office? If so, can you share anything with weary NVEI investors?
Chipwa, I get the feeling you wouldn't mind seeing a buyout or merger either. That could be what Ketch and Ray have in mind. Whatcha think? I've emailed Ketch on the subject. Hope to get some kind of a reply or see something in an RAQ.
Could the FPGA lead to a buyout or merger? With the apparent lack of sufficient funds, will NVEI entertain a buyout or possibly a merger after they produce the FPGA? Or will the FPGA be the catalyst that brings in the necessary funding to eventually get revenues? Any thoughts?
Another RAQ would be appreciated. I'm pretty sure Ketch has some questions to answer. I know I've sent him some. I'm trying to rationalize the lack of information, but I'm having trouble believing it's a positive. Any thoughts on the lack of info to shareholders? Maybe I need to take my own advice and call him.
louis, I'd really like to ask whomever just invested over $50,000 in NVEI the basis for their optimism at this particular time when there is SO much negativism toward NVEI and SO little information from the company. I'm intrigued by this and slightly encouraged.
Somebody please explain to me how there could be a buy at .26 when the ask was at .235. Nevertheless, a 200,000 buy is pretty impressive. I'd like to find out who that was and get their reasoning behind such a big accumulation at this particular time.
Cobra, is Ketch still sincerely upbeat about the FPGA and getting revenues this year? Have you talked with him recently? If so, can you please share?
excel, just how do you suggest shareholders go about "asking Brad for accountability"? I'm serious, how can we get him to respond publicly to our concerns? Sometimes, it just seems like they just do what they want to do, with little, if any, regards to shareholders and we have no choice.
NorthernTrader, what do you base that optimism on?
I do hope you're right.
What will the tone of the shareholders' meeting be like if there is no FPGA by then? I'd think sort of "nasty".
How long has it been since Ketch has said anything publicly about the status of the FPGA? I feel this "lull" of tech info (at least a general status report) really adds "fuel to the fire", considering the recent IR deal hasn't produced much to justify the deal, as yet.
This is a tough stock to try to maintain confidence in. Maybe it's time to give Ketch another call.
cosmo and MWL, cosmo, but if I recall, he was right on two "hunches". So, his batting average is still respectable. LOL
Also,
MWL says, "NVEI would NOT have hired MP unless they had something of fruitation going to take place. They could have just sold more 144's and more offshore financing."
Very could point, and I agree. I just have trouble understanding the "lull". Hopefully, they are just trying to get it "right" before unleashing solid news. Time will tell !!!
iamshazzam, any new "hunches"?
halston, please list about five or ten, if you want, of "those posters who pushed this stock to be completely GONE", that you have in mind. Maybe they will still voice their support if challenged. It would be nice to see that they still have confidence that NVEI will be a successful long-term investment.
Here it is the end of February and no FPGA.
2004 is moving on and still no FPGA. Just like 2002 and 2003 did. They shouldn't have any problem figuring out why shareholders are upset. Especially after the recent IR deal.
I sometimes wonder if it bothers them in the least that shareholders are upset and wary.
If I were Brad Ketch, with all the harsh criticism that he and NVEI are getting on a regular basis, I'd be "chomping at the bit" to prove the critics wrong. The fact that we haven't seen much to answer to the harsh criticism other than the IR stuff, with nothing solid to back it up, is really starting to concern me. I mean all Ketch needs to do is offer some solid evidence that the tech is viable. This "no FPGA crap" is getting a little old. Come on Brad and Ray, show shareholders you're worth those nice salaries. Right now, I'm starting to wonder. Can anybody blame me, based on lack of results?
Has NVEI really "burned through a couple of hundred million dollars"?
If so, they are REALLY long overdue to produce something tangible "SOON" for shareholders. Don'tcha think, Brad, Ray, Cobra, Pengy, Trexville, iamshazzam and deeba?
Brad, it's "high time" to give this abundantly compensated IR crew something worth publicizing.
deeba, same here.
ElderWolf, the only level 2 that I have is what I have access to here at IHub.