Dolphin
good to hear from you, but I have to strongly disagree when you say the shares at any time went from 2 cents to $1.80. They never 'went' from 2 cents to 1.80. Instead the 2 cent shares became about 1.73 shares due to the 1:150 split. Infact, just before the split the shares in Dec 2009 were about 1.1 cents, which became $ 1.73 shares, for about a day, or so, then they slid from 1.70 straight down to where ther are now, and they will continue to drop to about 1 cent or lower.
Which means : the 1-2 cent shares from a year ago LOST 98 -99 % of their value from then.
A split-adjusted chart of 2 years would show that NVSR/ NVST shares went roughly from $ 10 to the present 2 cents. Which shows exactly what confidence people have in this company, almost zero. Attracts mainly gamblers and gung-ho people who dont actually want to research the Co. and all the promises they have been making for YEARS, dont have the time to read all the posts from 1-2 years ago;
The company had a product, a voice-activated navigation device, of which they were going to sell 10's of thousands, allegedly ready to be sold in one of the biggest drugstore chains in the country, in May of 2009, only to CANCEL all those plans in the last minute, because they probably never had any such 'product'.
They can make any kind of claim, to have whatever type of 'product', at anytime they want to; they always have a 'product' that matches the need of this or that govt. regulation, or law, but nobody is able to, or even interested in verifying if they really have this or that device or 'product'.
They were promising a "Pet- tracking" device about a year ago. What happened with those plans ? Anybody know, anybody care ? Anybody remember ? Apparently not. People have a short memory in our society.
They had a "contract" (?) with a trucking company over a year ago to sell a GPS device.. What happened with that contract, or plan ? Anybody know, anybody remember, anybody care ? Apparently not. The same thing happened with that plan and contract as with all the others: Nothing, Nada, Zip, Zilch, it disappeared in the quick sands, but nobody remembers, nobody cares. Its OK, because it is now a "NEW", "different" company because there is now a NEW federal law (maybe), for which they will have another completely NEW device, of which they will surely sell thousands, if it exists ...
Probably nobody here even knows that this Co, has existed as far back as 2003 or 2004, they had a product even then that they were going to sell in UK (Great Britain). I asked the CEO about that, since of course they never sold any of those products either, and he told me that was just a 'prototype'. Another project that disappeared in the quicksands of time.
