CVIA NEW PLAN TO RETURN TO PROFITABILITY:
I realize this is a little down the road for us but here is what I see would be profitable for us if we decided to drop the WOTD deal since they seem like a bunch of morons and are treating us unfairly:
-New Board Members (replace ALL)
-Turn into Investment Company (No name change needed, sounds nice)
-Buy Solid stocks to assure profits; to rebuild shareholder confidence and to get our name back; to show any sign of profitability
-Before Earnings, buy back up to $250,000 worth of stock
-Announce Earnings***
-Never any more shares issued
-Under new CEO, we set up a program to say what stocks we want to buy, discuss them here, and send our request to him. This would be very interesting and would most definitely satisfy the investors.
- Possible Webpage with Portfolio with current holdings (might be good in beginning)
-Hire more management at a later date after nice profitability is seen; for now, to reduce costs, just keep at email contact; and maybe, if one of us takes the helm, then set up an answering machine with daily updates for everyone to call to get the latest info strait from the horses mouth...I have a 1-800# to my house. (thru MCI)
-Before we "re-construct" CVIA, have a meeting for all of us, at a hotel somewhere in a conference room and let's make an outline to turn this baby around. I think that would be a good start.
-For a while, while buying quality stocks and making nice profits, we would not have to pay taxes on that money because we have a tax-loss carryover of I think $1.5 million...??
-Investors decide CEO's salary
-Hire a CPA
-Buy only solid, well-performing stocks for the time being; diversify a little; no OTC's; We could make a lot of money with an initialy $2 million+
Also, Jack could have already sold out of this company without us knowing. Why? Because you only have to file with the SEC if you have 5% or more share of the company. Jack = 4% (just under the requirement). But I'm not sure, you might have to file still even if you are just a board member....Check me out on that one.
Regards,
Matt |
