To All,
I am on the 30 day trial and will probably sign up for life. In the mean time I want to thank all of you for the insightfull information on this thread.
I am President & CEO of my own privately held company, and have been asked many a time to go public, and refuse to do it for the simple reason that in my particular business, the profit margins are slim, I have a clean shell company that owns an automotive business (no tires)
If I were to go public, it would be a similar situation to CVIA, and I can only see it benefit myself, at share holders expense.
Now, with CVIA and their possible acquisitions it certainly could be profitable, but it has come only from the fact that we as investors have financed this opportunity, for these acquisitions to take place. If I were in Jack Arnolds position, I would be obligated to my share holders, as they are technically my bank, my confusion lies within this next statement.
If we all hold and buy more shares, we can maintain a value to the stock that "might" benefit us, but most certainly will benefit CVIA/WOTD, and it is this decision I am having trouble with, due to the fact that the earlier mentioned 300-1 reverse is an obvious statement to the share holders, (Im sure many of you can translate that statement many ways). I know I can!!! So I keep asking myself, do I buy more, in hopes of lessening the split ratio, and help them dilute their new shares with an even higher value, ( fool me once shame on you, twice, shame on me) Or do I sell off, chalk it up to experience, and hope Jack Arnold gets a case of incurable Jock itch?
Any thoughts are appreciated in advance.
PZ |
