re: #s 1986,1987,1988 My conscience will not allow me
to take them to task on such issues.
For example, your statement, Paul: "if they are savvy enough
to put together a reg-s deal they're savvy enough to know
what the SEC rules are." I choose to reason this way:
1) Reg s was savvy enough to judge this a worthy investment
for them. (however their interest can be severely against
that of the stockholder) They are, most assuredly, cold
hearted investors. In looking back, I don't think this
filing did came as a surprise. There was a good for-warning
if I recall correctly. Naturally the stockholder is sub-
ordinate to reg s in the market system. They filled a
present need to preserve cvia integrity in face of the
NASDAQ crackdown as well as other needs.
2) CVIA is savvy enough to politely stretch the sec rule in
an order to keep any related "news" element in harmony
with their present efforts. For all we know, this may
be preserving a window allowing them to file
a request to extend even further. They may find it
desirable to do so in the best interest of all concerned.
This is a delicate situation and rules are created as a
best guess for the average situation, which this is not.
Actually these are the same thoughts that caused me to
discontinue any guessing about the competition cvia/wotd
might face when things do get underway. I felt it was
counter productive.
(A speculator is a person willing to suffer the price change
either way so that a producer can go about producing
un-bothered by such temporary matters. He also can accept the
consequence by continued action without damaging his lifestyle
or must discontinue.)
As delicate and unusual as this situation is, I have to
admit that the term "investor" (that might apply to reg s)
and the term "speculator" (that might apply to the shareholder)
are quite different terms. And why the shareholder might
best adjust to look at this in a longer term perspective
where these "news matters" become non events.
Reg s will have their day first.
Of course, speculation today can become known as
investing in tomorrow at today's "discount price"
but your profit will most likely result from company success
and good future moves to protect your position, as opposed to news.
(Though, I am not talking about throwing money at it.
-I may post more on this.)
I can always be wrong, these are only my thoughts.
Dave |
