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Microcap & Penny Stocks : NVID International

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To: STEVE S. who wrote (497)12/12/1996 9:01:00 AM
From: Sid Turtlman   of 3244
 
Steve: Let me comment as an outside observer who has never traded a
single share in NVID, but was involved in a fraud investigation on
another stock a few years ago. I checked into that company with the
thought of possibly buying it, and the more I checked the more obvious
it was that the company was a fraud and the books were cooked. I posted
notes to that effect on the BB where it was being hyped, and I was
immediately attacked by all concerned, who were suspicious of my
motivation. I wasted a lot of time telling people (who never believed
me) that I was not short. They would have been better off looking at
my evidence - the company was indeed a fraud, and the SEC eventually
brought charges against the management. That doesn't mean that the
people negative on NVID might not have an ulterior motive, but they
might just be good people who honestly don't like to see fellow
investors getting bagged. I am not expressing any opinion on the
validity of the criticisms against NVID, I am just saying focus on
the verifiable facts, and don't worry why someone is posting something
negative.
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