SI
SI
discoversearch

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 0.4800.0%Jun 30 5:00 PM EST

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: MG who wrote (2509)3/18/1998 5:20:00 PM
From: Milk  Read Replies (1) of 6654
 
Marc,

A "shell" is a public company with (ideally) no assets or liabilities.
By merging into such "shell", a private company can become public.

CVIA became a shell after they lost their business(if you view the 'old' SEC filings/financials, you'll see that the things had been getting progressively worse until the previous management jumped ship). Jack Arnold, who was on Board of Directors, became CEO, and decided to revive the company, and bring value to CVIA shares.

This is what he said about CVIA being a shell: www2.techstocks.com

After the merger, the company will instantly become profitable ($3M in sales, 10-15% profit), and will no longer be a shell.

Regards,

Milk

* remember risks involved *
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext