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Microcap & Penny Stocks : NVEI (Was NVXE) - New Visual Entertainment Inc. -- Ignore unavailable to you. Want to Upgrade?

To: jjs64 who wrote (1875)	7/30/2000 11:32:30 AM
From: jjs64	Read Replies (2) \| Respond to of 2211

Does anyone else remember IAUS, a "high-speed modem" scam from a few years ago....they too had set a "date" for testing, etc. Sound familiar? Intl Automated Shares Plunge; Company Fails to Show Technology American Fork, Utah, June 28 (Bloomberg) -- International Automated Systems Inc. shares plunged as much as 75 percent after the company failed to deliver a long-promised demonstration of its new telecommunications technology. International Automated's shares fell 20, or 50 percent, to 20 in midafternoon trading of 98,500 shares. The tiny company's market value registered a one-day decline of $489 million earlier, when its shares plunged to 10. The stock, which traded at 3 1/4 last July, touched a record high of 57 on May 24. At that price, the market valued the company, which has 16.3 million shares outstanding, at $929.1 million. International Automated has run newspaper advertisements for months promising to introduce its new ``digital wave modulation'' technology on June 27. The company said its DWM technology ``will spearhead a revolution'' in ommunications, claiming it is nearly 200 times faster than today's modems in transmitting information. In its ads, the company said the technology ``redefines the boundaries of science.'' Buyer Beware!

To: jjs64 who wrote (1875)	7/31/2000 5:18:29 PM
From: Michael A. Johnson	Respond to of 2211

Restricted Shares: Do not be misled. Make sure you understand what is really happening. Are these really sales? In my case, I have held 144 (restricted) shares for some time now and have filed Notice of Proposed Sale on several occasions. No shares have been sold to date, nor do I have any intention of doing so in the near future. However, I plan to refile my Notice for those SAME shares every 90 days. This is just good business practice. This way I will be in a position to sell should I decide to do so if the stock runs to 50 or so in coming months. I hold far more unrestricted (regular) shares and have sold none of these either. As a longterm investor (since .04 pre-split) I am quite content to let this story continue to play itself out. Other astute investor friends of mine follow the same practice. Regards, Mike