<<The movie began production long before NVEI entered the broadband business.>>
This is inaccurate, but is addressed in another post.
<<[Me] This movie deal smells very similar to the guy who in a desperate effort to keep his personal financial situation from going bust, begs and borrows whatever he can to come up with $$ for the deal that cannot miss. It is desperation at its best and worst.
[You] I have to disagree with you there. The movie is fully funded, and has a potential to produce some revenue when it might be needed most. Again, your lack of understanding of the timeline is clouding your judgement.>>
We will simply have to agree to disagree about this. But, it is a matter of perception and opinion, not fact, so it is not provable by either of us.
<<If the technology is truly commercializable, it could be worth hundreds of millions annually.>>
That is likely true, but the better question is whether they can make it to the point of commercialization. As I recall, it took a long time (more than five years) for DSL to move from concept to reality. Can NVEI hold out that long or even longer if necessary? Is a current investment going to be worth much of anything by the time they get to that point, if they do?
<<[Me] And, in the face of all this, one employees gets $600K a year in salary? I now know who is making money off this company. Is anyone else?
[You] You really lose a lot of credibility when you clearly have not done your homework. As many have pointed out, this is not correct. The figure you give is the total aggregate salaries of officers, not the salary of one employee. If you read the recent 10K, you will find that the CEO actually gave back some salary.>>
Okay, I blew it on that one as far as the $600K being for a single employee. I'll discuss this and related issues more later. I am not quite ready to do so yet. I don't want it to be incomplete again.
<<I would also like to point out that this is clearly a speculative investment.>>
You also hit the nail on the head and I agree. It is, at best, a VERY speculative investment. I did not get the impression from reading many of the posts that a lot of folks really understand how speculative it really is. Predictions of hundreds (or more) dollars a share, wreak of get rich quick schemes and expectations and not an objective evaluation of a speculative investment.
At the risk of sounding flippant, I would sure be interested in some of those immediate 50% return convertibles. That does not seem to be nearly as speculative. <g>
Troy
Troy
Those who shoot from the hip usually end up just shooting themselves.
Plan the grub and grub the plan.
Where is the party tonight? Who is bringng the drinks?
