VLVT (was CSMA) Message Board

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Microcap & Penny Stocks : VLVT (was CSMA)

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To: Paul D. who wrote (9710)	10/1/1998 10:12:00 AM
From: Richard L. Williams	Read Replies (1) of 11708

Paul D: You see this as a reverse, I see this as the creation of worthy stand-alone companies. In his letter for shareholders, Mr. Elrod discussed his reasons for spinning off the two subsidiaries, and they seemed very sound to me. I don't have CSMA's bylaws handy, Paul...could you please quote chapter and verse where shareholder approval is needed for this operation? Usually, small companies leave outs in their bylaws so that they can do these sort of thing unilaterally. And to say CSMA is "nothing" is not polite, Paul. Hamlin's golfing buddy "Swede" will be out there sniffing out oil and gas propeties just ripe for exploitation. And if you think energy prices are going to stay this low...well, it's gonna be a long, cold winter, Paul, and didn't you just read where U.S. oil reserves are at a five-year low?

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