*** LURKER POST ***received via e-mail. Spoke to Jack Today...
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GJC,
How are you today? I thought I would relay this info for the cvia
board. I just finished an informative call with Jack.
Here are some of the answers I received:
There will be a news release by the end of the month. The will be a serious plan to take care of the shareholders, details to be announced very soon. Some possible ideas are warrants, etc. The reverse has happened just waiting on the paperwork & the change to the new symbol of WOTD.
The board members will be:
Patrick F. Charles (CEO)
Jack Arnold (Investor Relations)
Sam Eisenber (not sure of spelling)
Terry Pickens
I asked why they did not come out with a plan, or announcements before the reverse to try and get the stock price up. WOTD wanted to get everything done ASAP. Their goal is to to get their share price to $6.00 and a Nasdaq listing as soon as possible. The Nasdaq listing sounds to be very important.
WOTD Western Oil and Tire Distribution has been around for 3 years, with the idea of buying up oil & tire companies. They have a strategy and a plan in place. In my own opinion, I believe they have a couple acquisitions done. But just my own opinion.
There should be a constant stream of good news shortly. Examples: Wotd purchased xxxxx for this amount with a annual revenue of 10 mil, 2 mil, 50 mil, you get the picture. As far as where they are going to get the $ to buy up the companies? They have millions of $$$$ in private placement funds ready to be used.
I also have some info on Patrick F. Charles the CEO of WOTD. Not to be confused with R Charles or many other names I have seen on the threads. He comes from 20 years of experience. He was director at Coopers and Lybrand, in charge of 33 MBA,s in accounting. He has a Bs from U of Washington and MBA from Arizona, for more info pull up Coast Northwest Inc, or www.creativezone.com/wow/cnw.
I am not trying to hype this stock, just relaying some facts.
This is still a long term hold for myself and a small group of investors I am with holding many shares. And I am close to putting another buy in at current levels. Even with the 300 to 1 reverse their goal is $6.00 per share that is a double.
Thanks and Regards.
Verify any info you like with Jack Arnold at CVIA...............
Good Luck
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I might as well add some of the links discussed earlier that apply.
Coast Northwest
Message 3042834
WOTD Address/Phone
Message 3032087
Thanks D- for making the call and keeping us informed.
GJC |
