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porscha

03/14/02 9:45 AM

#2784 RE: WTMHouston #2770

WTM - hopefully the following quote from today's shareholder letter from NVEI will put an end to this movie debate. i have also emailed the company asking for any clarification on the convertible notes they may be able to provide. if i get an answer i will post it.

" In accordance with the terms of our joint venture agreement with Top Secret
Productions, New Visual provided $2.25 million in production financing for the
film. Upon release, we will be entitled to receive the first $2.25 million in
revenues to recover this investment and then collect 50% of the net revenue
thereafter.
"