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Microcap & Penny Stocks : Corporate Vision (CVIA)
CVIA 0.4800.0%Jun 30 5:00 PM EST

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To: KC Jones who wrote (4658)5/8/1998 2:46:00 PM
From: Tony  Read Replies (2) of 6654
 
Just got off the phone with Jack Arnold.

1- CVIA needed to acquire WOTD as a C-reorg (I don't know what that means) for tax reasons. (I think we knew this)

2- Because we're now acquiring them, a new agreement needs to be signed. Expected to be ready Monday or Tuesday.

3- Major press release early next week outlining deal, including acquisition plan. Stream of releases to follow.

4- WOTD expected to show a profit in first quarter after the acquisition.

5- The new Reg S is to pay for acquisitions after the first one. Jack refered to Reg S as the worst kind of money because it is "impatient". I interprate this to mean the follow on acquisitions are to follow shortly after merger.

At this point I'm more confused than I have been in quite some time.
-Tony
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