>>Somebody is dumping this stock! <<
Guess who.... if you only had to pay 1/4 to 1/2 of .01 would you sell at these prices ? Nuff said.
To: +David Sirk (2229 )
From: +s martin Tuesday, Apr 7 1998 8:32AM ET
Reply # of 2316
ubject: Re: 10KSB -
Date: Fri, Mar 27, 1998 11:03 EST
From: TLWatson59
Message-id: <1998032716032901.LAA19291@ladder01.news.aol.com>
zmoney234: In case you did not read far enough:
One of those interesting pieces of data is the stockholdings of of Stephen E. Cayou and Jeffrey R. Skinner, operating as Liberty Capital. The 10-K reports that, as of March 23, 1998, they hold 24,658,380 shares of TVSI common stock.
Now, this wouldn't be all that interesting except that, as part of the reorganization of TVSI, they received at least 46 million shares. Once again, quoting the 10-K, "Liberty was issued 40,000,000 shares of common stock in satisfaction of its $100,000 post petition claim", and "Liberty conveyed this equipment to the Company and forgave back lease payments in the amount of $23,200 in exchange for 4,640,000 shares of common stock."
ubject: Re: 10KSB & zmoney
Date: Fri, Mar 27, 1998 12:15 EST
From: TLWatson59
Message-id: <1998032717150401.MAA27887@ladder01.news.aol.com>
In case you have not computed the arithmatic: The 40 million shares were acquired at a cost of $0.0025 per share. That's 1/4 of a penny. The 4.4 million shares were acquired at a cost of $0.005 per share. That's 1/2 of a penny. That means that even at today's severely depressed price of $0.026 ( a little over 2 1/2 cents) Cayous profit is 10 fold his original cost on one and 5X the cost on the smaller lot.
If any of those missing shares were sold any time during the one miracle run to 30 cents you tell me what kind of incredible profit was rung up by these two scam artists.
In other words, Liberty Capital got 46 million TVSI shares, but, as of Monday of this week, they only have 25 million shares. So where did the 21 million shares go?
Even more interesting, Liberty Capital/Stephen E. Cayou was able to sell those shares on the open market at any time. Again quoting the 10-K, "In both cases, the shares of common stock were issued pursuant to the exemption from registration under the federal securities laws provided by Bankruptcy Code Section 1145 (a)(1) or 1145(a)(2) and were, as such, free trading."
One last piece of information from the 10-K Report;
"Effective September 29, 1992, Mr. Cayou and Mr. Skinner executed a Settlement with the District Business Conduct Committee for District No. 3 of the National Association of Securities Dealers, Inc. in connection with a Complaint in which allegations of violations of certain Rules of Fair Practice of the Association were neither admitted nor denied and under which certain sanctions were imposed by the Committee."
Draw your own conclusions.....
Bob Davis
The Napeague Letter
napeague.com |
