Milk you are right, I have a copy of that old proxy around here someplace, I will post it on Monday... (my scanner @ home became a tragic victim of a 3 year olds curiousity).
Yes we did vote for the merger, to increase the float, and reverse split if needed.
Now in an email several months ago Mr Arnold addressed this issue to me, and stated a reverse split might happen, "only as last resort" <---- KEY WORDS
Ok every one that has bought CVIA recently ask yourself "why did I buy CVIA?" Everyone that has talked to Mr Arnold ask yourself "did I believe him?" If you believed him and bought CVIA because you think he has done right by TRYING to put this merger togather, make this stock/company worth something and as kept his word... then consider this CVIA has another 50 million shares to issue for a future merger.
Bottom line I just can't imagine a reverse split yet, unless he does 2 more mergers, and needs the shares to finish the 2cd merger... I just dont think this will happen this quarter, and if it does what the heck? 2 more mom and pop shops joined up... or maybe another larger shop.
Maybe we need a reality check... Mr Arnold has stated he intends to acquire and expand this company via mom and pops, one of the few options he has is offer CVIA/WOTD shares... so COUNT ON AN REVERSE MERGER EVENTUALLY... this is not a move to artificially raise the share value or generate day to day expense operating money..
(the sign of failing companies and falling prices) THE REVERSE SPLIT WILL BE USED TO EXPAND THE COMPANY.... a difference a wide as the Grand Canyon.
I ran the figures and CVIA/WOTD would be foolish to even think of a reverse split before .25, unless they had to for merger purposes.
Now about this price drop, all this is is an MM shake out... I have been expecting it for since March 17th... even posted get out at .019 if you couldnt handle riding it out. I expect the weak hearted are bailing... judging from the volume thats not too, many but the MMs are exploiting it for all its worth... and building their inventories up again... ya know what I checked the trading logs and this is not the same MMs that sold the Reg S... these new MMs are now in the drivers seat and WANTING A FAT INVENTORY for when the merger news hits.
They just love for you to sell to them at .015 .017 ect ect... and then buy back after the merger news for .03 .04 or higher... thats how they make their money.
KAA
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