You bring up some good points, and hitting very close to home on all this. We are going to come out of all this in a very good position, I am growing more and more convinced of this. Look Jack Arnold has done a fine job for us, from this side of things, albeit he has made some mistakes, but nothing that can not be corrected... FOLKS THIS IS WHAT IS TAKING PLACE !!!!
This is my read on the current situation, WOTD intially thought they would move in on CVIA a run rough shod over us, I suspect they had the mind set they were dealing with day traders and short term traders who would just throw in the towel and accept any terms thrown our way.
1. They are refusing to reveal anything, due "to being a private company" this doesnt fly... it is clear it is put up or shut up time for them and we have called their bluff.
2. WOTD knows with all the complaints filed with the SEC, (would nt be surprised if they have already received notification)They will have a very very hard time converting over into this merger into WOTD any time soon. If the SEC is investigating you can bet the ranch NASD is sitting on any possible chance of a NASDAQ listing. So they will stick with the CVIA symbol and corporate logo "a bit longer".
3. WOTD knows for a fact that there is a very real possibility of a class action suit headed their way, out of this if they dont come back to the bargaining table, and try to fix this boon doggle.
4. I firmly believe they did this Reg S for their own benifit to capture the majority of the shares in the float, and to get their $500k back... they can kiss all this good bye if they even consider backing out. Try to sell 50 million shares on the market @.01 or less at this moment... unbelievable loss and CVIA keeps the $500k to boot.
They are up to their eyeballs in this, and they really have no options but cut us a new deal else take a multi million dollar pounding.
5. If WOTD is nothing more than a shell with liquid cash and the thought of using it and CVIA stock to build another Walmart... thats cool, it is better to have cash over tire shops already in place, they can pick and choose the most promising business's as opposed to having some possible less desirable locations already in place.
Bottom line I expect we will see some very real, very concessionary terms this next time around, expect a split, but expect some other "sweetners" also be mixed in. It is much cheaper and easier to do this than to face the very real problems that are looming in the not so distant future.
To bad they "just had to announce that 300 to 1 split" when they did I suspect if they had let this stock run to .06 to .1, most of us would have traded out and not still be here causing them all these head aches... but they didnt chose to do that and well we are still here and still hostile towards WOTD... well they created this situation, now let them deal with it.
KAA
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