To: emergencyops who wrote (528 ) 4/19/1998 11:48:00 AM From: Len Giammetta Read Replies (1) | Respond to of 2211
I know we're all very frustrated with this company, their lack of information, and projects that seem not to work out. Over and over again we hear the "excuses" they give... too busy... not enough financing ,etc. It appears that due to their lack of verifiable successes, though, that they're simply spinning their wheels. IMO this company has at least 2 excellent sources of additional financing, the merger with Star, and their own unissued stock. If they would post some of their verifiable successes, if they have any, progress on the projects already in the works, or new contracts, it would be a sign of good faith, and much needed encouragement, and would more than likely drive up the price of their stock. At that point they could issue some more stock, and have the additional funds they need. A major reason a company goes public is for this source of financing, and they never have to pay it back. Again I have to insist that their lack of information is counterproductive, they're hurting themselves and the shareholders. I for one would like to know exactly what they are all doing with their time. Also, their lack of timeliness in filing their reports is inexcusable. If, in fact, the price of NVXE already has all the good or bad news factored in, they have nothing to lose by releasing those reports. It's time for them start acting like responsible management. They are legally accountable to their shareholder for the performance of their company. If it is being mismanaged we all have a right to know, so we can then take the appropriate actions. That NASA thing really concerns me, and I for one want some answers as to why nothing came of it. Well, enough said... just food for thought.