Michael, I think you "hit the nail on the head." But there might be a silver lining here.
There were a lot of things the old management (and PR guy) did that "in my opinion" were handled about as poorly as I have ever seen.
Sheryl Mabie was the CEO and Gifford Mabie (her husband) was getting paid in stock and $$$ (according to their SEC filings) to handle PR and Investment Relations. I'll just say that I was EXTREMELY disappointed with what I learned about how they were actually handling things. (BTW, I think Gifford Mabie is now involved in a company called Maxxon, Inc... MXON-BB)
BUT... They are OUT ! I think New Leadership will help A LOT !
At this point I think CVIA is a good target for a private company to take over. The share price is so low that I think it could be quite attractive.
If a business that was already successful was to take over or "merge," it could be beneficial for the business as well as CVIA shareholders.
I have talked to Jack Arnold about this scenario and, of course, he was not able to confirm or deny anything. But I was glad to get my "2 cents worth" in and he seemed to be listening. Time will tell.
I figure with the price this low, it's worth a shot. I don't know the details, but from what I hear, Jack is working as hard as he can to make something happen.
Worst case... Come December it can be written off. But for right now, and especially at this low price, I'm BUYING !
Best wishes,
Brad |
