*** LURKER POST ***received via e-mail (camp_e@hotmail.com)
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I've been a supporter of CVIA for a while now, with more than a million shares in this company, but I am a little disturbed when someone accuses MM's of any wrongdoing and when others imply that the company is supposedly worth more than it is now. Let's look at the facts: as far as we know, CVIA is nothing more than a shell company with perhaps a couple pieces of furnature, a phone line, and $500,000 cash on hand. Now, assuming that there are no expenses, such as rent, salaries, lawyers, etc., we are looking at most of a company worth $1m. Now, follow my logic: since the company isn't making any money, the fair market value of each share in this company SHOULD be $500,000 Divided by 150m <--Number of shares, or 0.3 cents a share, or 1/15th what the current market value of the shares are. Even if the company is worth $1m, the shares are still trading at more than 7 times the value of the company. Now granted, I'm not a MM and I don't have a level 2 access, I do know that the only two times a buy order gets filled is when the ask price hits your price or when the MM feels that he can make a little allowance and still make a profit. Often, my orders don't get filled even when the ask price hits my buy price because there just aren't enough shares to cover up to my order. For instance if there are 10 orders in front of mine and each has 1m shares and there are only 200,000 shares to sell at that given ask price, mine won't be filled. I'm sure people are buying into the speculation of a merger, me included, but we should put this in perspective: some of us are a bit tired and weary. People have been
saying "not long now!" and "in a week" for well over two months. WHAT'S GOING ON? Can someone at least speculate based on past experiences? How long do lawyers take to look over papers? Why haven't they done this while the mediations and negotiations were on? What else can we expect as far as delays and how long should those delays take? etc. I'm still a big supporter, but my patience is wearing down.
John
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