No Art, he is right. If one was to call the CVIA offices and talk to a CVIA representative, and asked a similar question. they would get the same story. CVIA WILL be a $5.00 stock by the end of the year... the question is at who's expense?
We had 116MM shares outstanding last week. We have another minimum 110MM shares entering the float when the Reg S gets converted giving us over 226MM shares, reverse them a minimum of 300:1 to get that $3 Nasdaq price tag, sell a few more shares to get the float back to 1MM (another Nasdaq requirement), acquire those profitable businesses, show some earnings, romance some fund managers, and poof, a $5 stock price at the end of the year.
Of course, the stockholders that believed and kept this ticker alive, will be left on the side of the road.
I would like the SEC to investigate WHO exactly controls that company that is buying those Reg S offshore. Cause if it comes back that its WOTD associates, this will get nasty. |
