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Microcap & Penny Stocks : Corporate Vision (CVIA)
CVIA 0.4800.0%Jun 30 5:00 PM EST

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To: Jon who wrote (3085)4/6/1998 4:07:00 PM
From: John Sahakian  Read Replies (2) of 6654
 
Called and spoke to Keith today:

(1) 110 million shares outstanding
(2) Merger is a "done deal," paperwork and details with lawyers, and
their going over the small details
(3) Looking at a news release inside of "seven days"
(4) Just filed more paperwork with SEC
(5) WOTD mgmt. very eager to move to NASDAQ (don't want to be a BB);
expect information as to what reverse split ratio will be to come
out a little while after merger completion news release.

In my opinion, the reverse split will have to be big enough to get the share price over $4. He made it seem as if they wanted to do this very quickly (within a few weeks after news). Said they just need to get it at $4+ for over 30 days. If that's the case, that might mean they can already meet the asset requirements, etc.

Should be an interesting week.

Good Luck,

John

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