Hi TG,
I agree, CVIA is now better then just a 'shell', they have received $500,000 cash, have $2.5 tax loss carry forward, and own interest in 2 small companies. (IMO, Jack Arnold is the most valuable asset of this company, the amount of work he has done so far is tremendous.)
Just wanted to clarify on what's happening now: CVIA will be merging with WOTD first. After the CVIA-WOTD merger, the new company, WOTD, will acquire a 20yr-old profitable oil & tire company. WOTD will provide corporate management, operational facilities and acquisition procurement. CVIA will provide initial funding ($500k obtained through Reg. S, this amount includes CVI's commitment to provide operational expenses under the merger agreement.) and investor relations personnel.
That's when we should finally see some EPS, and everything that comes with it!
The fact that they have a tri-lateral agreement may explain why we've been waiting so long.
Best regards,
Milk |
