KA:
We need to keep the gun cocked on this one. I Emailed Jack a well worded message about what would happen if they came right out with a reverse split before WOTD gained our confidence. I also explained the animosity and resentment they would generate from the shareholders if they screwed this up, and it would carry on to WOTD. Well WOTD, the first half of my prediction was 100% on, are you willing to see how my 2nd half plays out. You have spent money, time and effort to get this project off the ground. I told Jack in that Email that I have been dealing with a tire retailer on another matter, (BTW they are the 2nd largest private tire company in the nation behind Pensky), you are dealing with some informed shareholders here in CVIA. Point is, I know talent and competent management when I see it, WOTD has not shown me anything positive yet. It has all been talk so far.
WOTD wants (and needs) four things from us:
1) Access to the stock printing press
2) Our $50,000
3) A 1 for 300 reverse split
4) Our support
If WODT fails to gain our support, obtaining a NASDAQ listing is going to become a very difficult process, especially amidst our pursuit of legal remedies and continued complaints to the SEC and NASD. They will find they have a very steep up-hill battle.
WODT is now going to have to take the time to do things right, the support they had a few days ago has turned on them. I want to see them ease off on the reverse split, maybe a proposal to carry it out in phases, and certainly, to a lessor degree than 1 for 300. I am not at all interested in 1 for 300, (let me speak in terms you might understand WODT, this is a deal killing issue). I hope WOTD now has a clearer understanding of the value that CVIA brings to the table (trust me folks, a clean shell ready to go with supporting shareholders has substantial value).
WOTD, you go back and re-think your proposal, there is support here for what you want to do, but not under the current terms you have extended. The CVIA shareholders are not unreasonable people, however we will not allow ourselves to be taken advantage of. Like I stated to Mr. Arnold in my Email to him a few days ago, if WOTD handles this properly, they will find that CVIA shareholders will cooperate and support them to the moon, but shaft us on this, and you are the captain of the Titanic. That was not a threat, but the reality of investor reaction.
It is your move WOTD, balls in your court!
Robert |
