Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Norma Wilcox who wrote (2508)	3/20/1998 7:30:00 PM
From: john roney	Read Replies (6) \| Respond to of 3244

Dear Norma. Could not help but get a chuckle out of your last message. Mr. Bunte has been a friend of mine for many years. He never intended to deceive anyone or intentionally mislead them. He is certainly guilty of being nieve. He is trusting to a fault. On several occassions he told me about NVID and their projected growth. I never did purchase any stock....having been a stockbroker...I have my own criterion for purchasing stocks...none of which includes purchasing from friends! The market at best is a trecherous place and caveat emptor is the rule...I wish no one would ever lose any money in investments and the government is doing everything they can to insure everybody is a winner everyday. The world will be a better place when that happens....DON'T hold your breath! Do be more cautious in the future and don't let greed overule your common sense. Buy value and pay a reasonable price for it...leave speculation to the gamblers. You are obviously a very intelligent person and to invest in promises and claims by an officer of any company is foolhardy, as you have found out. Mr. Bunte is still a dear friend of mine and I respect him immensely. He was indeed duped, much to his dismay. His life will never be the same again. I would like to be able to convince you that his intentions were at all times honorable, but that would be almost impossible, given your situation. Wish you the best of good fortune with your investments in the future. John Roney

To: Norma Wilcox who wrote (2508)	3/28/1998 11:28:00 PM
From: Cindy Powell	Read Replies (1) \| Respond to of 3244

Hello Norma and all, I agree that the jury system sometimes leaves much to be desired. It's always tough for jurors to gauge deliberateness and judge guilt when hard evidence is lacking and the defense is capitolizing on the "I dunno" defense, "stupidity" and "perception". I personally think that sometimes plain 'ol common sense ought to go on trial in cases such as this, because tis too easy to get off the hook with the playing naiive and playing stupid approach. Common sense judgement and common sense leadership and decision making should be expected on the part of a president of a company. Bunte had several opportunities to challenge the issues of shares outstanding and the bogus new releases before this fiasco escalated into arrests and charges. The fact that he was so stand-offish and negligent in protecting shareholder's investment dollars shows me that he was a knowing participant in illicit and illegal goings ons. I 'spose it is a tremendous responsibility for jurors to feel that their decision may send someone to prison, and decisions that lean toward the heart rather than the head are most often the case with jury trials, it seems. We need jurors that are perfectly balanced between heart and head...and that is impossible. :o) No such thing as perfect. As far as the whether the system works or doesn't work... I think that sometimes the systems works and sometimes it doesn't work and still again, sometimes it just kinda works. There are too many variables to hope for perfection, and it isn't all or nothing. More important than the actual aquittal of Bunte is the fact that the SEC and Florida Comptrollers worked diligently and aggressively in shutting down the "magic potion" scam and putting NVID to the test. Much was accomplished and Bunte not being convicted is but a small and minor disappointment. The fact that your friend knew that due to "unusual circumstances" Bunte would be aquitted seems suspect though... Can you elaborate on this at all? Best wishes to all, Cindy P.S. To Arcane Lore Thanks for the link! It is encouraging to know that the system is at least geared towards change and improvement.

To: Norma Wilcox who wrote (2508)	3/30/1998 8:47:00 PM
From: Naomi	Read Replies (4) \| Respond to of 3244

Dear Norma, (and a P.S. to Ken Moss) Your information continues to keep popping back into my mind and I also find it suspect. When you were told this information, did it not occur to you that the Federal District Court and whole prosecutorial team would certainly have liked to have known a month before trial that the "writing was on the wall" and they were going to lose this case because of "unusual" circumstances and/or influence. They stated that it was to be a "test case" for internet fraud, so you have to know the importance they put on this case and that they certainly did not expect to lose it. Do you not know that there are laws in place to address this type of misconduct? Did you believe your friend's information to be absolutely believable or did you believe they were just boasting and it was more rumor than fact? You know that I am a firm believer in our judicial system and any time there are abuses such as this I believe it is most disturbing. It attacks the integrity of our judicial system and the system does investigate when matters such as this become known to them. Also, I am wondering by what you said about revamping our juror portion if you know what "voir dire" is, and why it is in place in our judicial system for jury selection? I think it addresses your concerns regarding any juror's life experiences. It is a very important part of any trial. Our laws are changed somewhere every day and the system tries to prevent any inequities. Don't think it will ever be perfect, but still the best there is and believe it is still trying to make it better for the citizens of our Country and continues to protect each citizen's right of "due process" under the law. WHAT A WONDERFUL COUNTRY THIS REALLY IS! I believe that juror's do take their duty to serve very seriously and because the prosecutorial team's strategy of using Klenovic as their star witness to corroberate "guilt", the jury did not think much of his credibility and he caused much reasonable doubt in their minds. I think they also believed that he had control of all of the records and that also made reasonable doubt in their minds. Because Karen Lacy testified for the defense of his past misconduct they put more emphasis on her credibility. I do believe that Karen Lacy agreed to testify for the defense because of her treatment by the SEC and her saying that they held it over her head for four years before releasing her as not cupable and she believed that Klenovic was the cause, a pathological liar and set her up to violate the law, and she found out after the fact that he had set up brokerage accounts to sell the stock he had her transfer to his wife and son. I am sure she is still trying to understand why she did not see what he was doing, but so many people do not know the law and the scammer tells them if they ask, that it is legal so they do what they are told to do since they don't believe the scammer to be a scammer. I am sure she has much animosity directed at Klenovic for what he has done to her life. This certainly is not unbelievable since he testified in open court in this case that he was the "control person" and would have been in her situation also. By testimony, it certainly appears Klenovic orchestrated this fraud from the beginning and knew exactly how to do it and enough of a con-artist to get others to do his bidding. I certainly thought Robert Bunte would be convicted by what I read on this thread, but that just goes to show you that the jury had all the evidence that had been allowed to be entered and they still believed that Klenovic was not to be believed. I have certainly gleaned more information than I knew before the trial and I will continue to be interested in the truth or watch the truth evolve. I still do believe that there is much more to be learned and will still wait patiently to see what happens. My regards, nhaynes P. S. to Ken Moss. Hi Ken, Derek Allen commented to you on this thread that he would see you in the Court room. Was he there? Did you get to meet him in person? Did he testify for the prosecution? It was not mentioned as to who all of witnesses were that either side called, though I believe the number of 12 was mentioned in the paper. but I would think that the SEC would have wanted him there because of his stating that he was a private investor and had planned to invest in this company and how he came to expose Klenovic on the internet and have him testify as to his conversations with Bunte. If he was, did you happen to notice if he wore a gold cross in his left lapel? His post sounded very disappointed and I can understand why after he posted so much regarding all's guilt that he was so sure of. He failed to mention Craig Sheffield so guess that is mute now. Wish I had taken the time to go watch this trial from beginning to end and take notes. I would have been able to determine this for myself, but other matters prevented me from going. Now wish I had taken the time since it only took seven days to try. Regards to you and the Mrs. also. Back to lurking nhaynes