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Microcap & Penny Stocks : NVID International -- Ignore unavailable to you. Want to Upgrade?

To: Eric Savage who wrote (2394)	2/5/1998 2:48:00 PM
From: Kenneth R. Moss	Respond to of 3244

Hi Eric, Thanks for the update. Did you say mice ??? Didn't you mean rats????? I think that would be a better discription :-) Are you going to be in Tampa for the Bunte trial ? Ken

To: Eric Savage who wrote (2394)	2/5/1998 8:26:00 PM
From: dan ricke	Read Replies (2) \| Respond to of 3244

I have been following a company named Harvard Scientific. The Co. appears to be a fraud. Looking in there past company SEC fillings your name came up as one of the former board members. Can you shed any light on the Harvard Scientific stock scam, since you appear to have been involved in this mess Thanks DRick

To: Eric Savage who wrote (2394)	2/6/1998 7:49:00 AM
From: Batman	Read Replies (1) \| Respond to of 3244

Thanks for the post. Interesting that Klenovic himself promoted the stock to you (and I appreciate your trusting me to tell me this information). I suppose I only have one question: Who do you think put Klenovic on to you? Or did you answer some sort of investment advertisement? How do you think you ended up on Klenovic's list? As a CFE candidate, I have four other comments: (1) It comes as no surprise that Klenovic was/is an accountant. The Association of Certified Fraud Examiners teaches the fact that more accountants are in jail per capita than any other profession (including lawyers). Trivia: the reason?: it's not that accountants are inherently more crooked; it's that they have more access to cash than any other professionals. (2) The fact that Klenovic was under an SEC consent decree/judgement just goes to buttress the CFE Association's belief that it is more important to perform a DD on the backgrounds of the individuals involved than the products being promoted. There is no substitute for a good hard DD on people's backgrounds. In a way, I think this answers Mitch Aunger's question of what constitutes good DD. Investigating the promoters' backgrounds must be an integral part of any DD. And, from the portions of the thread that I have read, I would guess that the people on this thread kept their eyes gazed on the products, not the people (which is exactly what promoters/hucksters want). (3) It should ALWAYS be a red flag when a senior member of management promotes his company's stock. If the chairman of a BB has time to talk to a holder of $10,000 worth of stock (as Klenovic/Bunte apparently did), something is wrong. (4) Runyon's statement that it is virtually impossible to determine who lost what and how much is true. This is usually the case because of the sheer labyrinth of stock transactions/prices. It is regretful that you are not going to get your money back, but that is the usual outcome of cases like this. Basically, in most frauds, once you hand over your money, you'll never see it again. It is unrecoverable, either through sheer complexity, or lawyers fees that eat it up. If you have any other information regarding how you got talked into it, I would appreciate it. Batman

To: Eric Savage who wrote (2394)	2/6/1998 10:18:00 AM
From: s martin	Read Replies (1) \| Respond to of 3244

Eric you mentioned the insert in the investor package, were you one of those 200 investors who bought stock directly from Klenovic or Bunte ? I am also curious about how direct sales were made to the 200 investors mentioned. >>About 200 investors bought NVID stock directly from Bunte and Klenovic, who are both alleged to have taken the money directly out the back door and used it to buy expensive Sarasota homes. Some investors paid 50 or 60 cents a share, which would have been a retail price. Others, including public relations companies and other business associates, received stock for pennies and may have aided and abetted the hyping that was going on. The rest of investors -- estimated by prosecutors at 800 or more -- bought and sold stock on the over-the-counter market. Some actually made money as NVID ran a volatile course from 50 cents to 90 cents before plummeting to its current level of 4 cents a share.<<