investor sentiment is always a hard thing for companies to control. with the advent of message boards, vocal posters that are either overly negative or positive, the natural instinct for most people to believe the worst of what they may read and you have a recipe for disaster for even the most seasoned of investor relations experts. i've seen very well run OTCBB companies with revenues and profits get hit by a crew of bashers and have a horrible time maintaining a positive investor sentiment.
so when it comes to a company like NVEI that has been beset with delays, dilution and long term price decline the job of maintaining a positive sentiment is thrown out the window and has been replaced with trying to rebuild their credibility and reverse a rising tide of mistrust. as we have witnessed here, that's no easy job.
so i guess when a company like NVEI does start to make some positive and investor requested moves it comes as no surprise they are either completely overlooked or turned into negatives by their investors ( or those who have sold their stock but still choose to voice their opinions ).
it was recently reported in a filing that NV management have declined to take their salaries over the past few months, something almost everyone has been calling for for sometime. it certainly could be argued the reason was just a simple lack of money to pay themselves. but this isn't the first time they have done this and for the most part they have done this without any publicity nor fanfare.
it also seems they have dismissed their san diego employees and closed that office. this is certainly a cost cutting measure and something they said they would do when they first announced the move to portland. but somehow this move has been twisted into a negative and if you listened to what you read up here the first step in the total demise of the entire company. the company tells their investors they are going to do something, they do it, and then it becomes a negative instead of a positive.
then we have an " officer " of the company, obviously brad or ray, that has put up their own personal collateral to secure the company a line of credit. of course this means if you want to go along with the whole pending failure of the company they would lose or in the very least spend alot of money in court trying to get that money back. but once again this is somehow perceived as part of the " grand plan " by management to milk even more money out of their investors. while i've never been one that falls for the whole notion the only reason the company is still around is for ray and brad to cash their monthly paychecks, as an investor you certainly have to keep that possibility in the back of your mind.
so on the surface it seems the company is starting to make some of the moves that investors have been clamoring for. now whether these moves are the start of something good or just the result of sheer desperation still remains to be seen. what will be interesting is to see what happens in the future and if what does happen is positive how long it takes for management to rebuild their investors confidence.