J.R.
I am sort of torn on the issues you and others are bringing up, Jack Arnold is being honest and up front with his intentions, so it shouldnt cause a great panic, and Novice Bob summed it up very well.
I hope that CVIA/WOTD will also be as patient with the investors, as the investors have been with them through the merger talks.
I think Mr Arnold respects his shareholders and listens, but ultimately has to decide what he feels is best for the company as a whole.
I hope CVIA/WOTD will hold off on the reverse split until, at least .1 preferably at .25 so the stock and company can gain a little strength and "buff up" a little. At .02 to .06 a reverse split is going to be tough on everyone, the investors, the management, and think about the merger candidates reaction.
NOW FOR THE RECORD CVIA HAS 110 million tradable shares, but can issue upto 150 million... those left over 40 million shares are NOT ISSUED yet and can not be considered a factor at this moment... in the future maybe... but not at this moment. They could issue these 40 million shares for the first acquasition, before the first merger with out a reverse split.... so let not start jumping to conclusions yet, Jack hasnt hurt us yet, and I personally see no reason why he would now.
Look at it this way CVIA has $500k in cash and $800,000 in UN-ISSUED stock... we are not in dire straights yet, and I cant see a big need to rush a reverse split. At least at the moment.
KAA
|
