Here is also a report from someone who went to visit last week:
Subj: NVID---SPECIAL REPORT
Date: 96-09-08 11:17:33 EDT
From: YJPX88A@prodigy.com (MR BRAD DRIESEN)
To: maunger@aol.com
From: "Bacon B Delivers...." <grizz@wsnet.com>
Subject: NVID SPECIAL WEEKEND REPORT
September 8, 1996
For NVID Shareholders:
The following special report was provided to WUCEH Newsletter,
and the BBNS by a fellow member of the group. I would like to add
a special thanks to David for his reporting and the time he took
to visit the company. And I would like to Thank Raleigh for his
efforts in preparing and consolidating the report. Although for the
sake of an argument, one could conceive some negatives but one
could also easily see that those negatives could be subjective...I
personally still believe that NVID International is an excellent buy..
there are just too many positives that far outweigh the negatives....
As with all stocks of this nature, there is risk....but all
investments
carry a certain degree of risk...but, I think NVID will reward
shareholders
with some pleasant returns on your investment.
Lastly, read the report carefully, and make up your own mind as to
whether
you will continue to HOLD, BUY or SELL...
Personally, I am convinced to buy more come Monday...
Enjoy the read...and thanks again to David and Raleigh...
IF YOU DID NOT RECEIVE THE ORIGINAL REPORT DONE ON NVID
EMAIL ME AND I WILL SEND IT TO YOU...INCLUDES ALL OF THE
NEWS RELEASES AND OTHER COMMENTARY..
From: Raleigh Baughman
Subject: WUCEH Special Report - NVID
Content-Length: 6879
Phantom's WUCEH - Special Weekend Update Report
NVID
As promised, I have enclosed an excerpt from the report that was
given by
Dave K., who made a personal on location visit to NVID headquarters
on
Friday. He will be adding more to this, possibly still yet more to
come this
weekend. As you will read, he will be paying another visit later in
the week.
>From what I have been able to gather, everything seems to remain
favorable.
I especially liked the cash flow, cash position, and the existence
of
patents on both products.
In an earlier conversation, I was able to conclude that 23 million
shares
outstanding exist, fully diluted.
I am still having trouble getting an exact number as to the float,
but my
estimate is between 13 and 16 million. Although substantial, in
comparison
to the potential prospects that Microsafe represents, this may be a
mute
matter.
Here is a partial report from Dave K.,
Upstairs where we went to talk is a suite devoted to a nice
conference room and
a training area. Other suite contained 50-75 neatly stacked cartons
containing
various sizes of the ionizer. Most of the rest of that area was taken
up by
their mobile display booth which I must say was one of the nicer and
most
professionally done I've seen and I've seen thousands.
Lot of bucks went into
its making which was undoubtedly done by a skilled cabinet maker.
When they are
exhibiting at shows the booth is a complete- with- water
demonstration of the
system. We saw all but the water tank including the new computerized
one that
can be repaired by modem. First class all the way!!! Attractive,
well
manufactured using very high quality materials. I took this as an
indication
that they know the value of not trying to shortcut up front only to
pay later in
repairs and service calls. System is guaranteed for 10 years!!
He had prepared a due dill. package. for us ahead of time which I
still have not
had time to open. He talked for the first hour covering most of the
things you
two had already told us about. I interrupted a few times trying to
get to those
items more important to us investors. I made little progress in this
regard so
finally took time to impress upon the importance the two of you have
to his
company. I backed this up with material from both of you as well as
charts and
volume stats on companies you have covered, pointing out the
coincidence of your
coverage's and increases in volume and price, which I had up through
12 noon
yesterday. FTEL proved especially helpful. It was timely, dramatic
and I bought
because of you two. As a consequence, the 2nd hour was much more
productive.
There was nothing I saw anywhere that even remotely suggested the
existence of
Microsafe. A can of Lysol sat on one window ledge. He talked a lot
about it but
never offered anything that might substantiate its existence. BTW, he
agreed
that if I wanted, we could meet again next week, which I'll try to do
because
there is a lot more to cover and he did offer that if I would sign a
confidentially agreement there are many more details he would share
with. Sounds
tempting but that could pose problems and constraints on my reporting
to you,
which I don't want. I might save it for later in the process and
especially
after I buy shares because I suspect he is alluding to at least some
"inside"
info
HERE IN BULLET POINT FORMAT ARE STATEMENTS HE MADE
WITHOUT EMBELLISHMENT OR EDITING ON MY PART:
1)Employee shares are restricted for at least two
years, his for 3 & 4 years. All said stock has been issued, he has
certificates
in his safe. Every employee owns some
2)Tom Pluto started what is now Aqua Bio 5 years ago. Bunte became
involved 3
years ago at behest of Klenovic, also from Cleveland
3)Wants to do secondary offering/underwriting in '97. Goal is full
NASDAQ
listing, not small cap
4)Lab is one person located in Lake City FL That person has done the
referred to in-house testing of Microsafe and the person and location
where
product became known to veterinarians. Several vets in that area
have been
experimenting with it for the past month. Bunte doesn't know results
to date.
5)Private placement in early '96 was a 504D
6)Books show $480,000 loss in '95
7)Nothing is capitalized. Co. has no debt, strong cash position, no
accounts payable, and is generating more than enough cash flow to
meet all
expenses. Other than the 480k loss last year there is no accumulated
deficit. We
see no need now or in the future to dip into capital. The only thing
not paid
for is a $2000 lease/purchase of a copy machine.
8)Some staff were, on Friday, on Fl East coast working on a large
deal,
some others were at one of state's major universities bidding on job
involving
57 cooling towers and a 3 year maintenance. contract.
9)Meetings that were held Tues. and Wed. were with high finance
person to
get financing for lease program . Very optimistic. Could be very
lucrative
steady cash flow what with downstroke just about equaling their cost
and
monthly service charges being all gravy
10)Giving serious thought to forming a new financing subsidiary to
reap
the benefits of doing their own on the leased equipment
11)Wants a new building within a year in which all functions would
be
consolidated in Sarasota including lab and assembly plant.
12)Has appeared on radio program "Inside Wall Street" twice in July
and
twice in August touting Microsafe and ionization system. Says host
wants him on
regularly because of the listener response he's generated
13)In re; books, try to discount everything back to present value so
can't be accused of fluffing figures
14)Blue skied now he thinks in 35 states
15)Larson was with Pinch A Penny Pool Supply. More than willing to
leave
for the potential he saw in NVID. Same salary but gladly accepted
incentive of
stock which has 2 year restriction
16)Entire operation is now computerized to the extent that next audit
can
be completed in January
17)Microsafe is patented as is new computerized ionization system
18)As we speak Microsafe is beating the hell out of Lysol in side by
side testing.(would not name labs but will soon and we'll know who
the are.
19)Had major university do 70 page marketing analysis for Microsafe.
Results were that based on a conservative market share of 10% would
bring $700
million to company
20)Person doing testing of Microsafe is so well known and respected
that
his involvement will likely lead to fast tracking and reduced expense
at USDA
21)Have hired a firm out of Miami to help negotiate with whomever for
the
marketing of Microsafe. They are nationally known specialists in
acquisitions,
mergers, etc.
22)Would do whatever is best for co. and shareholders including
selling
all rights to the product (Microsafe)
23)New board should be announced in October. Shareholders will be
impressed.
24)Should be 2 news releases by end of month
More later. Best regards, Dave.
BBNS (Bacon Butt News Service) (tm) |
