To the Lurker Lets Review.
A fully compliant SEC trading shell (equal to CVIA has a book value of apx $1,000,000) At one point in time CVIA had
1. 50,000,000 shares out standing or .05 a share in value
2. 150,000,000 shares outstanding or .015 a share value when fully diluted
3. Why do you think it has been so easy to raise $1,500,000 in Reg S capitol the pro's know this also.
Now that is why Jack didnt let CVIA die ! CVIA wouldnt have died, if nothing else a company or investors would have bought the shell. From the investors.
Now Jack takes over (Jack is at best minority owner) and since he has been there my calculator wont even give me a book value of all this dilution.
If they wanted to salvage CVIA they should have assigned a SECURITIES ATTORNEY to manage it as A TRUSTEE, until a favorable merger was found. But No one was around to make this decision so Jack stepped in.
WOTD probably targeted Jack because of his good nature, his desire to do well, willingness to co-operate and lack of experience in these matters.
I like Jack, think he is a good man, and the worst part about this whole deal is being placed on the other side of the issue from him on many of these matters.
KAA |
