I have a few thoughts from your submission to the AOL Board
But I'll have to write a while!
Mostly, I think it depends on what style of player you are,
and your appear to play more of a professional role than most.
They take it seriously all right, but as you know the value of
the outcome, (a successful WOTD), the type of discomfort you
are feeling is different than others.(will get you farther too!)
Others are naturally going for the money from a shell rescue effort.
Nothing wrong with that, and will continue to hold as they see fit.
I think you are more interested in the concept of WOTD itself
not the shell, though the shell is one avenue towards ownership
of WOTD stock. I also think your main goal was to possess a good
portion of the company and let it grow in your hands, so to speak.
The main thing is that the owner/owners of the WOTD concept want to
possess as much of it as possible too. And these guys are smart.
They need something like the CVIA shell, but why pay more than
necessary for it. (And this is the type of people you want running
the company you hold shares in. They go up BEST, and you go up too!)
I think the trouble is that investors aren't given the privilege
to short penny stocks. -This leaves the field opened to the companies
themselves to take advantage of; and the roll of the "speculator" is
fulfilled. He accepts harder odds on the hope he will beat them.
The company likes the odds, and takes advantage of them if smart.
All this creates stability where there is none, or nearly none.
(The cost usually falls on the speculator).(not always).
Which is more important to WOTD at this very moment?
1) getting CVIA cheap as possible
2) getting on NASDAQ
If I was a shrude tough operator, I would let CVIA flounder for
a moment, then pick it up. Then go for NASDAQ if I felt like it.
But I don't really think the fate of WOTD entering NASDAQ hangs
on CVIA in any sort of long run. That's WOTD's responsibility!
It might even be to my advantage to pretend NASDAQ was necessary
to create the illusion that CVIA Shareholders must willingly
accept a split right now so WOTD CAN FLOURISH.
The result is obvious, and orchestrated,
and not Jacks fault despite his release on Apr 14 before tax day.
Am I at risk suggesting WOTD could plan this way, after all,
you don't necessarily compliment the seller of a used car before
buying it if you want the price knocked down.
That's how my intuition is treating things right now, but
the creativity of their ideas is being hidden during this
and there is doubt. This is a temporary sellers market for
cvia shareholders where the future success of WOTD remains to be
seen and merger remains behind closed doors. It is not the long
run situation, and a clear head is necessary.
From this scribbling it's easy to understand investor nervousness
since the 14th and also the need to relay thoughts for everyone
to watch things play out with some degree of calmness like you did
Matt. And for the benefit of true investors quite a valuable
service.
Rather than experiencing trouble in any beginners course because
of the temporary action taken by WOTD (that has shaken everyone a bit);
More like "a slight stumble in a grad class". Not to perk the
spirit, so much as to say, Investor, you will have the portion
of WOTD you want on your terms. It's just a matter of time.
I think it was a very good comment Matt!
I just had to write this down to think about it, let alone
judge what you had to say. Cause everyone thinks different.
sorry so long!
Dave |
