This is taken from RB and you can take it for what it is worth. In my eyes (blinded as they maybe), this sends a significant shiver down my spine (something might actually happen!) If it doesn't, I have been always known as the most gullible guy around.
This is also a very long post but well worth the time to read IMHO>
Cudos to Mustang411 in reporting this to the masses.
My conversation {as a shareholder} with Mr. John Howell last evening :
Question: According the PR, the tests seem to have just begun. Whatever
happened to October?
Answer: I cant really comment on it , but believe me it will all unfold in
the very near future. All I can say is we have the technology of
52mbs@9000 ft.
Question: We just brought Dr Rubinson on board. According to the PR, he
will be responsible for assisting the company in accelerating the research
and development efforts of the Cu@OCx technology. Is there something wrong
with our technology that he has been brought in for? If not what are his
exact contributions going to be?
Answer: Vishal {shareholder} what you need to do is, after midnight
tonight, the new New wheel website is going to be put up and that will
show you a some of the general directions the company is planning to go.
This clues us as to how Mr. Rubinson is going to fit into all that is
going on. The new website is going to point out towards our productization
goals that haven't really been discussed.
Question: When talking about a "Prototype", what is this prototype and is
it already built or are we in the building process. The last thing I can
remember is Pengy {shareholder} holding a card in his hand which he
mentioned when he was at the company, could you please elaborate.
Answer: What Pengy {shareholder} had was a circuit board, basically a PC
board . The prototype will contain the PC board. When we say prototype, we
are talking about beta test units which can be sent into the field for
testing.
Question: Now in the PR there is a line that says „as the Company
completes the prototype design, conducts field-testing, and ultimately,
begins to commercialize the technology for a variety of telephony and
networking copper infrastructure markets‰. This line says a lot, so lets
talk about it. Are we almost on the verge of completing the prototype?.
What is the meaning of „Infrastructure markets‰? To me, the whole world is
a market
Answer : Any type of testing has a prototype. Completion of a prototype
will depend on whom we negotiate field testing. For example, a company may
want D-SLAM cards and then on the CO end they might want a particular
black box configuration of CPE. As far as Infrastructure markets, we have
to see who our customers are. For example, each TELCO has its own
infrastructure. Take Quest for example, they use a lot of fiber and
copper, Southwest Bell has a lot of COAX so it all depends on what kind of
infrastructure we will be coming across or will have to provide for.
Question: Now Mr. Rubinson says „It appears that New Wheel Technology has
indeed developed the basis for extending the range of broadband
technologies over copper wire‰ Now there are four words here „IT APPEARS‰
AND „INDEED DEVELOPED‰ to me it seems we have the technology. Can you
state that, as a fact, we do indeed have the technology? I think the PR
pretty much guarantees its existence. Also, the words „much work left to
be completed‰... what is he referring to here?
Answer: Vishal {shareholder}, it is a fact that we have the technology.
There really are no questions about it. When Dr Rubinson says „ it
appears‰ what he means is, what he sees in the lab is going to have a big
impact on the world, but there is a lot of work to be done as to taking
the prototype from the lab and to integrate it into the real world.
„Indeed Developed‰ in simple terms means that we have what we have
claimed. The words „much work left to be completed‰ is referring to, in
simple mans terms, if we were to provide streaming video to the customer
using Blockbuster's Video Library (for example) into an individuals home,
there would be several little pieces to be developed just for that one
application .
Question: In the one of the previous PR‚s the company said that it has
achieved 52mbs@9000ft. Comparing that statement to a statement in the new
PR which says „New Visual is pioneering the development of a proprietary
broadband transmission technology with the mission to utilize existing
copper telecommunications infrastructure to deliver high data content to
the home or office at VDSL (52Mbps) data transfer rates‰. Tto me, the word
mission could mean several different things. One of which is that we are
trying to achieve this speed and that‚s what the goal is and secondly, we
have achieved this and are trying to get it out there in the real world.
Answer : What „mission‰ means is our efforts to take the technology and
implement it into the real world. It does not refer or mean that we don‚t
have the technology. WE HAVE THE TECHNOLOGY, VISHAL {shareholder}.
Question: The PR that New Visual came out with was more of a
disappointment, because the share holder community was expecting something
from Lucent or some sort of third party testing results. Why did the
company do this, knowing that it might adversely affect the share price,
which it has?
Answer: First of all, the interim price is not what the objective of the
company is right now. The objective is to be prepared for the onslaught
that will be brought on by making that announcement. If we don‚t have Dr.
Rubinson in place to deal with some of these issues and to articulate the
technology to the academia and the industry critics, then we might expose
ourselves. Dr. Rubinson has learned to communicate very complex subjects
in a written format which is understandable in the community everywhere.
Question: Dr. Rubinson is a consultant, are we paying him a salary and/or
is his contract based on stock options?
Answer: I am really not sure of his compensation package. I don‚t really
get involved in that part of the business. That will probably show up on
one of our public reports.
Question: In our recent conversations you have mentioned we will be having
quite a few PR‚s coming out in 30-90 days. Seems like there is a rumor
that we may not be seeing any PR‚s till next year . Do you have any
comments on that ?
Answer: That is not true, starting with this PR the PR rollout process has
begun and you will be seeing a whole series of PR‚s. So just hold on
tight, you never know when the next PR might be.
Question: The PR says „New Visual also reported that validation testing of
the Cu@OCx technology has begun. Currently, New Wheel Technology engineers
are testing the core transmission technology.‰
What does „engineers are testing the core transmission technology‰ really
mean. To me it looks like we are still testing what we initially claimed.
Please tell me if we are testing the basics or if it is the capability of
the core transmission technology to achieve something else that we have
not claimed yet?
Answer: Our core technology will work over copper on a variety of
different systems and different speeds whether it is OC1, OC3, OC12. What
we are testing is the ability of the core technology, and what it can
achieve over many different applications.
Question: Does that mean that there may be a flaw to the tech?
Answer: (John laughs) No, we are testing on different mediums and we are
looking to see how far we can really push it on these different
infrastructures. In doing so, we are really testing the capability‚s that
the tech might have. Just one of the capabilities is 52mbs@9000ft.
Question: How does being on NASDAQ affect the company ?
ANSWER: That probably has one of the single most beneficial effects
because once on Nasdaq even the institutions can take positions. We are
talking mutual funds and even the street institutions, ie Meryl Linch,
Morgan Stanley Dean Witter, etc... They can represent our stock to their
customers and increase our shareholder base. What that will do is create a
whole new audience. We happen to be in one of the most important sectors
of today‚s technology which is the infrastructure sector. Once that
happens, we will have hundreds and millions of buying power that will
invest in the stock. And, as we all know, there is only limited amount of
shares to buy.
Question: Would the company consider waiting on NASDAQ to release any
news, considering the answer to the question above? I mean, if I were in
charge I would definitely want to wait till the company goes NASDAQ. Then
the MM‚s could'nt play with us which may not be healthy for the stock
price.
Answer: I can't comment on that part of our strategy.
Question: What is our expectation on NASDAQ. When is the last time we were
contacted by them?
Answer: As far as timeframe, I can't comment on when we will see NASDAQ,
we should have got it a long time ago. The last time we were contacted by
them was today (13 Nov 2000).
Question: Is the election going to affect any plans we might have ?
Answer: We have talked about it but I don‚t really seeing it being a big
factor. It does, of course, have a chilling affect.
Question: We seem to have a revolutionary technology. Why aren‚t any
companies taking positions, why don‚t we have any volume ?
Answer: Well everybody knows about the Lucent testing and there hasn‚t
been any announcement in regards to that so you would think people are
waiting on that. Even though we have stated that we have achieved
52mbs@9000ft, you have to understand that it is a very incredible claim
and a very broad market... most people just don‚t believe it.
Question: Why did the company choose Lucent? Why not just hold a huge
press conference and have renowned engineers and scientists in the crowd
to show the world what the company has?
Answer: Well that was a choice we made based upon our assessment done 5
months ago when we signed this deal with lucent. It was made based on the
credibility that Lucent has in the market place. Sure we could have picked
a bunch of engineers but we are trying to get more bank for the buck.
Question: Has anybody else seen the tech besides NVEI engineers and the
company officials ?
Answer: I can't comment on that.
Question: If the test is completed, how long does it take to release the
results because the test should not take more than a second, right? Is
there a time period that the company has to report to SEC to in regards to
the test ?
Answer: Well the parameters set for the test are quite complex and I can't
comment on how long it might take. What else besides the test may be
involved in the process. Once the test is completed there will be no doubt
as to what this technology can do.
In regards to reporting to SEC about the test, I am not really sure what
the time limit might be but I am sure there is a responsible response time
to follow, I am just not sure what it is.
Question: I have heard rumors that we have been offered substantial amount
to get bought out. If the company did decide to get bought out then what
kind of a price we will be looking at ?
Answer: That‚s a very good question, we have discussed pretty much
everything imaginable but I really could not put a price on the
technology. I guess we will have to look into consideration future
revenues back to present day value. But I really don‚t have a number.
Question: A lot of people have said that they are skeptical whether NVEI
can come through with this, and that the law of physics says that this is
not possible .How long do you think it will take for everybody to shut up,
are we looking at a long wait ?
Answer: I don‚t think so (in a more confident voice). Once the validation
announcement comes out we will be saying "what do you mean its not
possible, we just did it".
Question: Is there any part of the technology still on paper ?
Answer: If you are talking about the core technology, no its not. Whats on
paper is what we have planned for future.
Question: Is there any way possible that what the company claims may not
actually come through, for instance, I now if a turn a light switch on the
bulb will light up, if not then I know its just a part that I might need
to change. In case of what we claim is it possible that if the test is
done again we may not achieve 52mbs@9000ft .
Answer: The core technology is solid and is not fickle, if that‚s what you
are asking me.
Question: Any comments on LB financing, and if we have used any money from
them yet ?
Answer: I shouldn‚t comment on that. After the press releases start coming
out, starting with today‚s press release, everything will unfold and the
world will be looking at us.
Question: Do we need to file for any international patents?
Answer: Yes we do, in every nation on this planet. I can't comment on how
far we are as to this process but we will make announcements when
different portions are complete. All these pieces will come together when
our news releases start coming out very shortly.
Question: Any comments on the price drop ?
Answer: Yeah, its amazing they have got the price down on hardly any
volume.
END OF CONVERSATION as posted on Raging Bull. Here's a direct link to the
post as well:
ragingbull.altavista.com
----------------------------------------------------------------------
NVEI Corporate Summary (Update coming soon)
----------------------------------------------------------------------
New Visual Entertainment, (OTCBB:NVEI), which applied to be listed on the
NASDAQ Small Cap Exchange on June 27 2000, through its New Wheel
Technology Subsidiary is pioneering the development of a proprietary
broadband transmission technology named Cu@OCx. The first in a related
series of patents to protect the technology was filed by the company on
June 28 2000. This technology has the ability to transfer data over
existing copper telephone wiring infrastructure at the speed at VDSL
52Mbps. On July 17, 2000 NVEI's New Wheel Subsidiary announced they had
successfully tested the technology at the distance of 9000 feet under the
same conditions that Lucent's Network Care Division which was originally
scheduled to begin on September 18, 2000. However the testing was
rescheduled for a date that is to be announced as the engineers at New
Wheel have discovered some robust enhancements of the Technology, and will
be testing those in the near future.
This distance is very significant in that existing VDSL technology
presently in the marketplace has the same speed, but can only transfer
data at a distance up to 1000 feet. With New Wheel's Cu@OCx technology
being able to deliver high speed content at a planned distance of 9000
feet telephone companies will have the capability to compete with cable
companies for television and Internet services while still supplying their
consumer base with phone service over existing phone lines. Taking that
into consideration, this is a truly disruptive technology in that it has
the potential to change the way that many communications are handled
today.
Upon Lucent's verification of the Cu@OCx technology NVEI can then begin
the licensing process. This process will include presentations of the
technology by NVEI to telecommunications and other related companies. Any
licensing agreements that the company may enter into could very well
result in a proverbial windfall of revenues for NVEI.
52Mbps. Why is that significant? What does that mean to me? First of all,
transferring data at the speed of 52Mbps over existing telephone lines to
the home and business consumer can potentially save the telecos billions
of dollars in upgrading the present infrastructure to fiber optics. In
addition to that, at the 52Mbps speed, it will allow the telecos to
compete with the cable companies by enabling them to offer HDTV, Internet,
and Phone Services all over the existing infrastructure. That is very
significant. Competition for the cable companies. Let me break that down
even further. You start with 52Mbps. Then you subtract the speed that it
will take to offer TWO HDTV signals over the line, which would be
approximately 40 Mbps. That leaves you with 12Mbps for your computer and
phone lines, which is significantly greater than today's technology, which
runs at approximately 1Mbps or less for most present DSL services.
The uses for the Cu@OCx technology do not end there though. Further uses
for the Cu@OCx Technology include chipsets for sale to manufacturers,
industrial controls, military applications, and general computer controls.
As you can tell, the Cu@OCx Technology will not only allow your computer
to get data faster while broadcasting two HDTV signals, and phone service,
but it will also enable the computer to process the information that it
gets at a faster rate. This is what is meant by the term " disruptive
technology ". This technology truly has global implications that will
drastically change the way the world now communicates. For further
information on New Wheel Technology visit their web site at
newwheeltechnology.com
Now for the rest of the Company:
New Visual Entertainment was originally started as a True Stereoscopic 3D
company. With it's 3D Technology, they can produce true stereoscopic 3D at
a far less cost than any of the competitors presently in the marketplace.
Some of their 3D productions include: MTV Spring Break-San Diego,
California- "Four-Wall" exhibition of "Beyond 3D" to more than 20,000
attendees over the course of one week, "Edge of Reality", the world's
first extreme wide angle action sports film shot entirely in true
stereoscopic 3D, and my personal favorite, "Miss Hawaiian Tropic '99", a
short 3D film of the Miss Hawaiian Tropic bikini contest at the Tropicana
Hotel and Casino in Las Vegas, NV, to name a few. There are downloadable
shorts from the Company's website at newvisual.com
In addition to the projects that the company has done in the past, on
April 10, 2000 they signed a production agreement with Bruce and Dana
Brown to produce "Top Secret Surf Film". The "Top Secret Surf Film" will
chase storms around the world in search of great surfing adventures. Other
credits by Bruce Brown include: "The Endless Summer" and "Endless Summer
Two". Both are high-grossing documentary style films. In addition to the
"Top Secret Surf Film", NVEI will be producing a 3D behind-the-scenes
short for release to special venues.
On January 5, 2000 NVEI purchased Impact Multimedia which operates as a
full service production studio capable of producing CD-ROM, DVD, or
web-based multi-media presentations utilizing the most advanced
technologies in animation, graphics design, compression, digital audio,
motion capture, and vectors for corporate, commercial, and consumer
applications. Impact specializes in CD-ROM business cards and website
development. For further information about Impact Multimedia visit their
web site at newvisualmedia.com
On March 31, 2000 NVEI entered into a definitive merger agreement with
award winning Intelecon Services, however this merger agreement was
terminated in September 2000 in order for the Company to focus almost
exclusively on the development of the proprietary Broadband Technology.
On June 12, 2000, NVEI hired the nationally recognized public relations
firm Continental Capital and Equity, or CCEC. CCEC has since started a
National Investor Awareness Campaign for NVEI, and has already sent out
color brochures about NVEI to over 100,000 of their contacts. For a copy
of the brochure, or for further information, you can contact CCEC at
407/682-2001. Their website is insidewallstreet.com.
In August 7, 2000, New Visual Entertainment added two members to the Board
of Directors. Both Ivan Berkowitz, and Bruce Brown bring a vast array of
knowledge and experience to the company. Mr. Berkowitz also serves on the
board for several NASDAQ listed companies. In addition to that, John
Howell has been named Executive Vice President of the Company and will be
focusing on overseeing critical operational issues associated with the
ongoing development of the Company's patent-pending broadband transmission
technology. Yet another block is in place for the foundation of this
company.
On August 10th NVEI issued a press release stating that they will be
instituting a " poison pill " to thwart any possible hostile takeover
attempts in the future. A full explanation of that can be found on
AlexCPA's post # 6521.
On August 22, 2000 the Preston Langley Group released a " sell "
reccomendation pr for NVEI. The press release was written in such a form
that it not only mis-stated several facts but omitted almost all positive
developments of NVEI. It didn't take long for investors to come up with
research that shows that the Preston Langely Group has been under
investigation by the SEC and fined and sanctioned on several occasions.
More information that was compiled by NVEI investors can be found on posts
# 8606 and 8616. |
