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Re: McCloud post# 12774

Monday, 06/16/2003 9:47:48 AM

Monday, June 16, 2003 9:47:48 AM

Post# of 78736
Mr. Ernie McCloud, what you are saying might in fact be what NVEI was telling us, however, I have a real problem with that argument on their part. In the past year, NVEI has issued about 30 million additional shares. Now lets say the average discounted share price was .25 (based on avg price charts), this would indicate an approximate capital of $7,500,000. Now I find it very difficult to believe that out of those funds they simply couldn't budget approximately $80,000 - $100,000 each for another few engineers. Heck, they could issue a few more shares it that's all the holdup was regarding the completion of the tech. JMHO.

Disclaimer: all my posts are my opinion

1,000,000 - 2,300,000 - 4,000,000

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