**CROSS POST FROM RAGING BULL**
TITLE : CVIA / WOTD, Jack Arnold, ETC..
AUTHOR : Texas Po' Boy
DATE: Monday, 11 May 1998, at 5:10 p.m.
<<<<<<<<<<<<<< ATTENTION ALL CVIA SHAREHOLDERS >>>>>>>>>>>>>>>>>>>>>>
As I suggested in reply to a previous posting, Jack and I had a conversation.. It wasn't a syrupy, sweet and sugar talk either.. I asked him to cut to the chase.. Thae facts, as they were related to me are:
1) There are *no* new authorized shares.. The post-reverse--split shares will be used for the reg S..
2) The duration of wait is 105 days for some of the shares, so we won't feel an immediate pump-and-dump.. unlike the other reg S, which was as short a duration as 41 days.
3) As some of you said, only an offshore entity can purchase reg S shares. So the money MUST be coming from an offshore source.
4) These reg S are to be used for aquisitions and other merger details..
5) If what I was told is true, there could be some interesting news coming.. (I won't speculate what)
6) Apparently, shareholders of record as of April 14 or so would be in on the stock option plan..
7) The FWIW dept: I haven't always agreed with Jack, nor the details of this merger, but he, unlike the head of so many OTC BB companies has returned my calls when he was unable to take them immediately.
8) News would have been released before now, but the pressure from the SEC has the laywers involved now, and they will carefully screen even the tinies detail in all forthcoming press releases.
Have decided to hold a little while longer.. Who needs to eat anyways? <g> If I have any further developments, will post here ASAP.
TPB
Cross-posting to SI would be appreciated, and would possibly give some long-awaited answers there..
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