VLVT (was CSMA) Message Board

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Microcap & Penny Stocks : VLVT (was CSMA)

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To: David Smith who wrote (2296)	12/2/1997 7:10:00 AM
From: tradesman	Read Replies (2) of 11708

<<<<WRONG! WRONG! WRONG! M3 is selling the property to CO&G. M3 initially paid for the property and they have the whole purchase price to loose if CSMA shares looses value.>>>> David, I doubt M3 owned the property, more likely they leased the rights to drill. They traded the lease rights, of questionable value to CSMA for stock of real "current value". If M3 had drilled the lease property which resulted in a dry hole or otherwise non-productive well, they would lose a great deal of money in drilling costs. If CSMA drills a non-productive well, M3 still has some value in CSMA stock and has lost rights to a non-productive lease, while CSMA (us)is stuck with a worthless lease and drilling costs. If CSMA drills a productive well, M3 wins twice, once with income from the well(s) and once from stock appreciation. Once again I point out these gas well deals are designed to enhance reward while reducing risk. The investors of CSMA are holding the risk and it still smells like the program was to hype the stock, raise the price, then execute the pre-arranged joint venture once the capital was obtained from the inflated stock price.

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