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

To: emergencyops who wrote (555)	5/5/1998 12:48:00 PM
From: Bill Pearson	Read Replies (1) \| Respond to of 2211

Price is irrelevant if NVXE has the ability to raise capital, and implement their business plan; the plan we all thought they had in mind. It's equally as irrelevant if they don't..... This issue of filing required paperwork is a bit telling, and troubling. NVXE may not be required to file as an OTC:BB company, but they've always laid claim to being better than most OTC:BB stocks because they've always voluntarily filed with the SEC. I'd say right now is not a good time to decide to abandon that philosophy. Mark, I also have found as you have that when those of us who have met Ray (& Co.) say anything the least bit challenging about the company... the company's response is either "total silence", or it is disproportionately defensive. It would be nice to have a personal relationship with the management of the company we've each sunk a ton of hard earned money into... but any relationship takes two willing partners. Defensiveness and the silence treatment don't cut it in private relationships, and my experience in the business world has proven that it rarely benefits a professional relationship either. Re: The late filing - - No doubt NVXE management would rather file after they're funded...otherwise the filing is going to be pretty hollow, and not very helpful to their cause to "hang on". I have to assume they're cashless, and the debt is piling on, and they'd rather not reveal that without a bit of foot dragging. If I was in their shoes, I too would rather report that a recent capital infusion has the company flush with cash, the Star deal has been closed, and they're moving towards becoming profitable. But, that is NOT the current reality. Maybe it will be next week, next month, or by year end (if they survive that long...or if one or more of the team doesn't abandon ship). Come on NVXE....do the right thing. Take a couple days, prepare the required paperwork, take your lumps, and salvage the dwindling integrity you have with your investors.... it's slipping away fast. You've allowed a minor issue to become bigger than it needs to be. The bigger issue is...how is the company coming along with gaining the required funding they seek. I've never seen a business survive that could not get their hands on the capital that is required to grow the business. Bill

To: emergencyops who wrote (555)	5/6/1998 4:03:00 PM
From: emergencyops	Read Replies (1) \| Respond to of 2211

I believe it is important for everyone to know a little bit about Ray Willenburg and the NVXE crew. Ray became the CEO of NVXE by default. He had invested in NVXE early on and when he saw what the prior management had done to the company he stepped in to try to salvage it..The prior management ran the company into the ground and had it not been for Ray the company would no longer exist IMO. Ray sold a successful investment business and then stepped in to try to save NVXE because he recognized the future potential of the company. Since then be has basically gone without a paycheck and has invested a substantial amount of his own money in NVXE. He has used virtually all of his property, including his personal residence, as collateral for loans to keep the company alive. Additionally, the loans on his personal property are continuously delinquent because he has chosen to use the small corporate revenue stream to pay salaries, fund film projects and keep the telephone connected. It is my understanding that his personal residence is perpetually on the edge of foreclosure as a result of his efforts to keep the company afloat. The company that some very difficult funding decisions to make to ensure the ongoing viability of the company until a funding package is finalized. Frankly, paying the phone bills and paying for revenue producing film shoots is a higher priority. They do not have sufficient revenues to do everything. I have also been told by individuals ( not associated with the company ) that were present during funding package presentations to major investment groups that Ray is a total professional and they wish that other CEOs' they had introduced to the investment groups presented themselves as well. I will bet you 100,000 shares that nobody knows that Jack Honour slept on the floor of their San Diego offices for weeks because he was also not drawing a paycheck and he and Ray agreed not to sell any Reg 144 shares unless absolutely necessary. To this day they are still a part of the "Motel 6" crowd when they travel to business meetings out of town. There is no lavish spending going on! I understand the frustration that has been voiced on this thread, but I sincerely believe that Ray and the NVXE crew are doing the best they possibly can for the company given the deplorable condition it was in when they took over. I also firmly believe that they are on the verge of an extremely significant company turnaround that may very well be the "story of the year". I, for one, am going to do everything I possibly can to ensure the success of NVXE. To that end I have offered to attend a presentation tomorrow night to investment groups from Arizona and Las Vegas. I want to be able to tell these investment groups that I, as a current investor, have total confidence in NVXE and the management team. Part of my motivation, of course, lies in the fact that I have a substantial investment in the company ( something we should all consider ). However, my primary motivation is that I genuinely like these guys and I want THEM to succeed! After all of the personal hardships, grief and b.s. they have endured there will be no justice unless they become fabulously wealthy as a reward for their sacrifices and tenacity. I know that you will not all agree with me and that is fine. All I ask is that each and every one of you take a moment to ponder what I have said. Thanks Gary