Joe & ALL,
My understanding is that when CVIA got the $1.5 million in funding for their acquisitions from a lender in England, they gave some stock as part of the deal. I don't know the technical side of all this, but now I understand the English company is selling that stock. That has put HEAVY selling pressure on the share price... resulting in lower prices.
On the plus side, I think that by watching this stock VERY closely, it may represent an excellent buying opportunity!! I'm not trying to hype, I just really think that.
I don't know how much stock the English outfit still has to sell, so I have no idea of when it may bottom out. But CVIA (especially with TL Phipps) can be a very profitable operation.
I have seen many, many other businesses selling in this 10-12 cent range that are almost hopeless. In my opinion, CVIA is already well underpriced, but as long as there is heavy selling pressure, the price will remain low. But when the selling finishes... well, let's just say that I think this should be a 18-22 cent stock right now with possibilities of 50-70 cents yet this year, if revenues come in where they should.
I should also point out that while there are some brokers that are apparently not to happy with this stocks performance, I understand there are other brokers that some think may be doing much of the buying right now. The rumor mill indicates a block of interest in Colorado. And that's the best I can say... it's RUMOR. I have NO confirmation of that information.
But watch this situation closely!! I certainly wouldn't sell at the current price range. I might buy more, however, once I think the selling is done. Good luck!
Best wishes,
Brad |
