Corporate Vision (CVIA) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : Corporate Vision (CVIA)

CVIA 0.480

0.0%

Jun 30 5:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Jim Armstrong who wrote (2070)	3/4/1998 8:17:00 PM
From: Luminous	Read Replies (2) of 6654

Pure Speculation Below: The Reg S was announced on Jan 13. After receiving the funds ($500,000), Preferred Shares are given to the investor with a conversion rate typically 30%. These Preferred Shares are restricted for 41 days after which they may be placed with a broker. The conversion period for 100% of the shares is 45 days AFTER which the investor may convert all of the shares to common and sell. The 46th day after Jan 13 would be last Saturday Feb 28. If the Preferred Shares were actually issued 3 or 4 days after Jan 13 could we be seeing the results of the conversions today?? At a 30% discount from the 3 day closing bid prior to conversion, the conversion price today would be 0.7 * 0.015 = approx .01 $500,000 / .0105 = 47,619,047 shares Can we expect 47 million shares to be dumped & could this be why on such large volume we have so little price movement??

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next