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Microcap & Penny Stocks : Corporate Vision (CVIA)
CVIA 0.4800.0%Jun 30 4:00 PM EDT

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To: K A Anderson who wrote (6618)9/5/1998 1:42:00 PM
From: JCinTC  Read Replies (1) of 6654
 
Keith,
Maybe i'm reading this pr wrong because it's not very informative to the details, but as i see it if you were a stockholder as of 6/1/98 you should have been issued 1 warrant for each post split share you held as of that date. The warrants have a strike price of $3, meaning to convert them to 1 share of common you add $3 + your warrant to receive 1 share. IMO the warrants should & could be trading right now. I see no where in this pr that one has only 1 day to exercise them. The pr say's they are good for 1 year. Again i would issue the warrants as per the pr, BUT i would amend the time period(adding a few years) that they can be exercised.
Again, just because a warrant hit's a strike price every shareholder does not run to the phone ,call their broker, exercise their warrants & sell the common immediately into the float. People will convert at different times & sell at different times, unless the future of the co is in doubt in which case everyone will bail. I certainly do not feel this will happen with CVIA, because IMHO the plan the NEW bod has put together is ingenious & as deals get closed this stock will be worth an awfull lot of money.
Most people who may have had a short term time frame for CVIA(in the earlier part of the year), have since been forced to go real long or take a serious loss......then all appeared lost....Now we are back into serious potential mode.
Anyway i still think the warrants should be issued to the shareholders of record 6/1/98 & should be tradeable today & extend the time period to exercise them a few more years.
Thank-you,
JC....going fishing!
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