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Panda, good info. Could be a developing thunderstorm.
Question for the board. Do you still consider NVEI a "speculative" stock?
pandaman, those look like some "buys" to me.
excel and hitimer, if you were an investor in Cooper's past success. And he made you a nice payday. Wouldn't you be inclined to have enough faith in him to take a chance after some of the positive vibs he's sent out about the NVEI tech? Especially at these ridiculous prices. I know if Joe Saunders of PVN moved on to a new company and merely stated he feels it will be successful in the future, I'd be "chomping at the bit" to invest, especially if grossly undervalued.
Even though I feel good about the PR, I'm still amazed at how little credence is given to NVEI by the investment community in general. How else can it be characterized than a skeptical or "ho-hum" reaction to the latest PVN progessive report. I really thought Cooper would "pull more weight".
Personally, I feel better about our chances after the last PR. I sense a very direct, professional approach to getting this thing off the ground. Although I'm still not sure how long I'm prepared to wait this out. As I watch the share price sink lower inspite of the progressive news. Eventually we are either going to look like mighty astute speculative investors or gullible, pie-in-the-sky crapola with egg on our faces and a lot leaner bank accounts. IMO
So Trexville, can revenues be realized from the tech in the current state of patent applications? If so, what channels of revenue from the tech are possihbilities before NVEI actually is awarded patents? Is patent pending status enough to get, say a licensing agreement?
How long will it take to get these patents? Will NVEI be able to get any revenue from the tech before they get patents? Somebody, please convince me this is not going to be a long, drawn-out process before we'll get much of a return on our investment. Afterall, the bottom line for shareholders is shareprice appreciation and getting a nice return on their investment in a resonable amount of time.
Rob, I agree. It was tough on eager shareholders. But obviously in our best interest.
A release of "white papers" soon or shortly (take your pick) would really indicate to shareholders "things are COOL".
CJ, good to hear. The PR was a real good sign of progress. I'm not sure how long it's going to take, but things are obviously moving forward. It will be very satisfying to finally achieve a successful product that brings in revenue.
Where are the buyers after this significant announcement? When will Cooper's contacts invest in this "hot" tech? What are they waiting for at these levels?
What's this "friend of NVEI" stuff mean?
Isn't "shortly" sooner than "soon"? lol
bobide, what exactly is the significance of Microsoft being listed here?
excel, I didn't say I'm assuming something is wrong. I just don't think there's anything really great to report yet or we'd surely hear about it. I would prefer to believe things are going fine and dandy. It's just hard for me to jump up and down with enthusiasm when so little information is available to shareholders. Saying the field test went as expected, while somewhat comforting, really didn't say a whole lot. Did Cooper really say we wouldn't be hearing anything for "a few months"? I thought he was refering to carrier trials. I really did feel we'd be getting some more frequent updates (like progress reports on the various field tests). Let's hope "silence is golden". We don't have much choice.
excel, with all due respect, how can you be so certain things are "fine" with the development of the NVEI tech? Are you basing that primarily on what Cooper has said publicly a while back or on recent private conversations with someone at the company? I'm not trying to go against the grain. I'm just curious. I do hope you are on target with your assumption. Sorry, I have to call it an "assumption" unless proven differently. Actually, what I am looking for is a bona fide "ray of hope" until the company sees fit to present the facts.
excel, that's what I'm saying. They realize anything less than substantial facts are practically meaningless to most investors. As evidenced by the lack of share price response to the impressive SH meeting presentations, the field test announcement, and movie credits without a distribution agreement. Believe me, I hope you're right about what's going on behind the scene. I don't want "fluff", but something to reinforce shareholders' confidence and inspire future investors' interest would be nice. Whether it be a simple sincere letter to shareholders (just to touch base), an insider buy, etc.
thanks spokeshave. NVEI just seems oblivious to how weary many of their loyal supporters have become. Maybe they now realize that anything they may insinuate has become meanningless because of the past. They must deliver something tangible to get anybody's attention. Hence, not much info to shareholders for quite a while. IMO.
PS. Didn't Cooper indicate we'd be getting regular updates on the tech's progress? If he did, can we read anything into the lack of information given?
spokeshave, it is nice that Cooper seems confident that NVEI can deliver on this "bonanza". Let me ask you this, are you at least somewhat befuddled by the current shareprice in light of all this potential and this "monumental" tech coming down the "stretch drive" to fruition? It tells me many potential investors either don't know about what NVEI is trying to develop or they remain skeptical. Also, in your opinion, what are the potential "stumbling blocks" that could prevent NVEI from delivering this "last mile solution"?
deeba, movie credits look good. Let's get it rolling so NVEI can finally reward shareholders with something tangible. Sound like a good idea? lol
Thanks spokeshave. Since news from the company hasn't been plentiful of late, your well-thought and expressed post helps keep interest alive.
excel, I'm not planning on bailing out now. But this "just have faith in our mystery tech" is sure getting old.
excel, it's not what Mikey says that might take us back to the .50s. It's what NVEI is NOT saying. I know what's been discussed as to the reasons for the lack of info. I just think there is something PR-wise they could do to reinforce shareholders's conviction and create some legitimate interest in the stock. Like some insider buying.
Are we heading back to the .50s before we get any substantial information from NVEI that REALLY means something?
Could somebody tell why shareholders are being kept in the dark about the specifics of the tech?
excel, some insider buying would reinforce NVEI being "well on their way towards our goal". Surely, management can scap up enough change amongst them to buy some shares to ease shareholders concerns somewhat.
wheel, I'll second that insider buying suggestion.
SIMIONDINGER, at some point this high salaries/NO product situation will have to be addressed. I sense more and more loyal NVEI supporters getting uneasy about the situation. Cooper's "credibility" is what's holding this thing together right now. IMO I sure would like to see him sink a few "good faith'" dollars of his own in to NVEI. Loyal NVEI investors really deserve something along those lines to bolster their confidence while they patiently wait. IF NVEI truly "delivers on the promise" then Cooper get's his money back easy from this "good will" gesture.
SIMIONDINGER, wouldn't some insider buying (at least some token insider buying) be a nice tonic for shareholders? Like a gesture of good faith that would reinforce what's been touted lately. (In the SH meeting speeches and the recent field test) Am I way out of line on this? It just seems like a reasonable thing to do that would send a poignant message. It would speak volumns to new and old investors. Now that would be an example of "Rolling Thunder" to me. IMO
I'd love to see something like this from NVEI's CEO.
SOURCE: Form 4
ISSUER: PROVIDIAN FINANCIAL CORPORATION
SYMBOL: PVN
FILER: SAUNDERS JOSEPH W
TITLE: Chairman of the Board
TRANSACTION: Purchase 25,000 08/22/02 $5.95
OWNERSHIP: 525,000
The Form 4 is filed with the Securities and Exchange Commission by any
insider buying or selling their company's shares. This form must be
filed by the 10th of the month following the month in which the
transaction was executed.
Insider data source: Washington Service (info@washserv.com or 202-778-1384)
(END) DOW JONES NEWS 08-29-02
BIGMACK. very interesting. Are there really a lot of big dumps going thru? If so, why, being so close to the "Promised Land"?
excel, it will be a glorious day when I know FOR SURE the NVEI skys are as blue as Seattle's.
hitimer, you make a good point.
I guess you have to ACTUALLY have something to push, at the proper time, but NVEI's PR hires seem to have been lacking as to what they've actually been able to deliver. IMO. Remember Elite, and what do we know for sure Fleischman-Hilliard has been able to do for NVEI? Now this "Rolling Thunder". It does get somewhat discouraging.
Cooper's "credibility" is what's keeping my hopes alive at this point. Also, I'd sure like more info on the tech and let's get this movie on the screens. NVEI needs to demonstrate that they are more than "just talk".
I feel like I'm riding an "Emotional Rollercoaster" with NVEI. Every now and then I read just enough to get me going up the hill then sure enough down she goes again.
I'm ready for some "Rolling Thunder".
excel, thanks for the clarification.
"at least one of the big four carriers will have their opportunity." Is that the same as "at least one of the big four carriers WILL"?