Hello! Red Baron,
I felt it appropriate that I follow up on the comments that I made on a recent posting to you!
In a nut shell I indicated that if there was no significant news release during market trading hours on Monday May 11th., 1998,---that in turn I would divest of my remaining original CVIA Share holdings!
The reason that I made that statement was that I felt I had a fall back position, or a few options available to me!
Since the original news release announcing the proposed 300 to 1 share rollback scenario took place on April 14th,--and the fact that I had a significant CVIA Share position at that time ( significant for me in my opinion!)----I would fully expect that if there is a compensation plan/ package, be it warrants, stock option plan, whatever, that the fact I was a shareholder of record on that date, that regardless what takes place from that point forward, myself and others would be included in any compensation consideration! ( Just my own opinion!)....
Several of the CVIA Investors have taken the initiative to proceed via contacting advising the Company their intentions via proxies!
I have personally already been through one of those proxy scenarios!
I'm not judging it, just stating a fact!
The impression that I got from the news release that came after market trading hours today--was that because of the SEC Lawyers now involved it somehow delayed the timing of the distribution of the news release!
In my opinion one can only speculate that the proxy efforts slowed down that process! However in my mind at least it is a consideration, to think about! ( JMO!).....
Generally speaking, in my opinion, I didn't see anything new in today's news release! Other then the possibility that the proxy efforts are having some affect and might have been partially responsible for delaying the news release to later in the day?
( I don't know! Just my opinion! A possible consideration!)...
Red Baron! Bottom line is there was no new/ news during market hours today--as a result! I have divested of my CVIA Share Holdings!
As I mentioned on an earlier posting as I deem appropriate, I will keep an out for the CVIA /WOTD Developments and if in my opinion I see some opportunities to re-enter based on my assessment at that time
then I will act accordingly!
Here is a point of interest that I plan on following! namely, I plan to keep appropriate copies of any Transaction Statements that would substantiate my shareholdings as of April 14th, 1998,--in the case it is required as proof of my CVIA Share holdings at that givenpoint in time! ( In the case that a Shareholder Compensation Plan is implimented!)...
Wishing All Of The CVIA Shareholders A Successful Completion and Outcome To Your CVIA Investment Efforts!
Best Regards,
Wayne J. |
