Jim,
You are expressing valid concerns, I have the same concerns about many of these issues.
As to this legal action, yes you are right when lawsuits are filed, it hurts everyone, really there is no winners. And yes I am "ready to whup someone". But trying to keep my emotions in check, and do this on a business-like manner. No one is blindly rushing head long into a class action suit, but rather approaching this to protect our investment and share holders rights on this issue. I WILL SAY THIS AGAIN A CLASS ACTION IS THE LAST RESORT.
1. Now the State of OK. has a law that we will use to the fullest extent. Basically this law states " a share holder of an Oklahoma company has the RIGHT to examine/inspect all all the Corporate books, records, stock ledger, lists, and records (including the BOD minutes) Yesterday I assigned the lawyer my right to do this. He is requesting immediate access to this information, and will try to forward it to me... those of you living near NYC are welcome to privately view it also, but we can not publically post or use this info to hurt CVIA.
2. This lawyer is aware of our call for a proxy vote, and has agreed to witness it on the share holders behalf.
3. Shareholders are given legal rights in order to keep companies from running over them, in less than disagreeable situations. I am using this guy to enforce my share holder rights. No one is telling anyone to send money any place I am paying the bill to enforce my rights, and my rights alone. But I am willing to share this information with my fellow shareholders (as much as the law will allow)
4. This lawyer said those that also have a shares in this, can email him and they will be on file ONLY IF A CLASS ACTION IS FILED, and that will be only after all avenues of compromise has been explored. I am taking this one step at a time, in as freindly of a manner as CVIA will allow, but I will not roll over and play dead for them while watching my investment value decline on a daily basis.
I had a conversation with Jack Arnold on April 16 and agreed to back off and let him "put things right", his idea of putting things right is continue with this "proposed" 300 to 1 reverse split and another Reg S. He knows CVIA shareholders sentiments in this matter, and yet disregarded them. (He wouldnt have told us about this Reg S except for a few of us watching the SEC filings on a daily basis.)
I told Jack in this conversation I would support giving him a chance to get us a better deal, so I backed off. Now look what backing off got us in the way of a better deal another $1,000,000 Reg S and no reason why it was done (more dilution).
I am doing exactly what I said I would, I am going to protect my investment, and if it takes all this nastiness with Lawyers, SEC and Proxy votes then so be it, if they choose not to take this serious, then its going to be a major mistake on their part.
There is a difference in risk and letting someone just run your investment into the ground, while some other party benefits from it.
KAA
|
