Robert, put on your thinking cap because its SPECULATION TIME AGAIN
Your post really brought things back to a positive prospective, I had to sit back and really give it some thought. CVIA is almost masterfully crafted.
The tax carry over is enough to sustain WOTD and its aquasitions for a solid year, maybe longer, (to many variables to predict) but this is like a $2 million Christmas present for them. But lest you forget that CVIA also has minority ownership in those 2 companies Promar and Phipps also a perennial tax write offs. I don't have the exact numbers, but I am sure it is significant.
The CVIA/WOTD situation is a perfect match, for what both companies are trying to do, so much so that it reinforces the thought that WOTD knows it and does not want to let, the current CVIA shareholders of less than 400,000 shares (if the reverse split is left in place.) Jeopardize their future NASDAQ listing. The more I think about it the more I am sure that WOTD will come back and make things right.
I am starting to think someone gave the WOTD people some faulty stock advice/analyzation... (most analysts and stock under writers will not have a very high opinion of a .02 stock, a "struggling" shell or its share holders in the first place)They took the veiw that the CVIA shareholders would be a non factor, and the CVIA president is a good guy with good intentions, but somewhat lacking experience in mergers (not a slam Jack). So they figured if they gained control of the float, via a Reg S, followed up with buying on dips. They could nuetrilize and by pass the current CVIA share holders, and approach this as an IPO rather than a reverse merger............ with me so far ?
Well sticking with that game plan and possibly now having a huge percentage ownership (if not the majority) of the float, it was time to steam roll over the "minority" share holders, and move on to next step... remember that "day traders and short term trading" remark? This reinforces they misjudged this, because after the Reg S there has been no volume showing daytraders in CVIA, it almost reminded me of being read off a script, or a remark coming from far left field......... still with me?
It strikes me they were so confident their "merger take over plan" would work they just stuck to the step by step approach plan the "stock analyst" planned out, so they just didnt watch the over all picture, just stuck to the script.
Once they reach the point they wanted to be at... hit us with the merger news of 300 -1, we are the minority so can be steam rolled over, just S.O.L. if we dont like it. Mean while WOTD does exactly what they want too, and by sticking to the script, and proceeding to the next step, without a care............ WRONG !!!!!
The past 4 days of the CVIA fire storm truly shocked and halted WOTD game plan... they underestimated their "opponents" the one key variable their "stock analyst" underestimated... "those .02 a share "gamblers" didnt just roll over and play dead... but actually went on the offensive, causing the price to crash 100% in 2 1/2 hours, then publically expressed their discontent via the internet, for all of Wall Street and other investors to read, then horror of horrors started lodging complaints with the SEC and NASD which in turn stalled the FILING and Transfer process. To really throw them all off balance all this happened in less than 18 hours... thus beating them to the "merger signing" which I firmly believe was slated 24 hours after the PR release........ still with me?
WOTD knows they blundered, called off the merger for 14 days, the script and game plan is in smoking ruins, and are trying to figure out a way to placate those ".02 gamblers" and get all this back on track........... wow I sure wouldnt want to be the "stock analyst" that put this merger/take over plan togather... you know his ears are still burning <g>.
WOTD knows CVIA is a perfect match for what they want to do, and WOTD is into this too deep to back out, and they know with hostile CVIA shareholders they will be shredded if they even try a NASDAQ lisiting... so WOTD had to return to the bargaining table, and put togather a new plan for those CVIA shareholders, its the only choice they have or their plan is dead as is the NASDAQ listing along with the "mom and pops" they have ready to merge.
The moral of this story? Never under estimate you opponents or the power of the internet. So the play continues... I am holding out.
KAA
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