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


To: CL Lewis who wrote (2617)7/22/1998 12:35:00 AM
From: John Sladek  Respond to of 3244
 
Charles,

Thank you for the post,

You continue to bring up the past
I can't help it if I have good memory.

and don't acknowledge that Dave and Mike are doing a great job of reviving what was a dead company. They are not hyping the stock and they have worked their tails off for the stockholders.

Well if you say Mike and Dave are doing such a good job with the company, then I'll have to take your word for it. You obviously know them much better than I do.

I wasn't my intention to talk about about how good or bad a company NVID is, or how good a job Mr. Larson and Redden are doing, or how good or bad an investment in NVID would be. I have no way of being able to make a reliable assessment of the company, since the company is non-reporting.

Also, please don't put words in my mouth. I have never said or implied that Redden or Larson is involved in hyping the stock. I have clarified this once already, but I will clarify it again, and hopefully will not be required to do so again. I did say that I thought that SOMEONE is trying to pump the stock, but I never said it was NVID's management.

Give them credit for hanging in there and not abandoning the company and it's stockholders

Well they were being paid. Or is that no longer the case?

We recently had the opportunity to review NVID International, Inc.'s letter to shareholders dated October 1, 1997. ... For all intent and purposes the company is broke. It has $180,511 in cash and $155,449 in liabilities, exclusive of employee back salaries and expenses. ... Meanwhile, in view of the foregoing does it seem a little unusual that Larson and Redden would pay themselves $87,500 and $62,500, respectively, per year?

Message 2454147

Regards,
John Sladek