Corporate Vision (CVIA) Message Board

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Microcap & Penny Stocks : Corporate Vision (CVIA)

CVIA 0.480

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Jun 30 5:00 PM EST

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To: Bill Monahan who wrote (1630)	1/19/1998 9:52:00 AM
From: Brad	Read Replies (3) of 6654

Hi Bill! I think there could be some confusion about the way the $500K was raised. The press release said they HAVE the $500,000 so I think the shares have already been issued. But I DO NOT think they gave 50M shares for that money. Here's why. I understood by reading the press release, that the $500,000 AND the first acquisition will BOTH be accomplished using shares from the original 100M that were authorized. The EXTRA 50M shares that are being added appear to be planned for ADDITIONAL Acquisitions. So... I would estimate that probably 20M shares (of the original 100M) were used to raise the $500,000. And then probably another 20-25M shares are being used to complete the acquisition of the $3.5 Million Tire company. I think we still have the full complement of the 50M additional new shares to acquire MORE tire companies. My guess is they could probably get 2 (maybe 3??) more acquisitions out of that amount. Assuming a similar profit margin, we would have a total of THREE Tire Companies with profits totaling around $1.3 Million on Revenues of about $10-12 Million. I could be wrong, but that's the picture I get. Best wishes, Brad

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