Hello! Jay,
After reading your initial posting let me address my feelings/reactions to it in the following way.
#1. I appreciate the confidence that you expressed in my previous efforts to help support the CVIA thread early on in the CVIA Saga.
( Although I am not attempting to speak on their behalf but I also feel the same towards Milk and DLee !)...
#2. I also have a high regard for KAA, Novice Bob and GJC who for a significant period of time in my opinion played a very supportive role in the CVIA efforts! ( In my own opinion!)
#3. To the best of my knowledge I am not aware that KAA has ever called me names or a conspirator--in fact all three of the above stated gentlemen in #2. have always been very cordial, civil, and when I was more active on this thread we communicated more frequently
hopefully to bettor understand the challenges that CVIA faced and to see what ( if anything we could do to help)...
#4. I do not want it to appear like I am back tracking, but during some of the more heated discussions on this thread I recall that possibly a few individuals attempted to try and take their frustrations out on me with a couple of verbal inuendo's---and with all the hundreds of postings that have been contributed it may be that it was possible to make a possible mix-up as to who said what to whom!--I do recall that KAA and others sent me e-mail support telling me they had a high regard for my efforts and were not pointing the finger at a fellow thread member!
#5. My own personal style is to do what I feel is right for me to support my investments!--Of course dependent on the situation various types of action/follow-up can be contemplated!--SO! That could sometimes mean more or less energy in support of an investment! Plus! I try to see what the end result might be down the road! Taking into consideration, myself, other fellow shareholders, Company Management,
and where do I see the company being down the road---and a part of this that will vary from person to person----how do I want to feel when the dust seetles and all has been said and done?
#6. Over the several months that this thread was following the CVIA Saga--I now know I invested way too much of my time and got much more emotionally involved then I should have!-It was as though I was on some type of a Crusade!---It took up way too much of my time, and quite frankly took me away from focusing on other business opportunites!--But! Along the way I met some very interesting people, and learned a few things! ( Whether I was planning to or not!)....
#7. When I sensed that the news releases were not containing the information that I gave myself a deadline of receiving then it was decision making time!----It wasn't a matter if I thought that CVIA was going to be a successful entity down the road---the question that I asked myself was I prepared financially and emotionally to continue
being a CVIA Shareholder?
#8. Quite frankly my ability to make a decision was a much easier one to make when I came to grips with the following considerations!
---- I felt all along that there had to be a reasonable expectation from the shareholders that some sort of compensation program would be presented at some point in time to ease the anxiety that was felt by many from the 300 to 1 Share Consolidation announcement in mid-April, 1998...( Do I think the timing of the share consolidation announcement was shareholder friendly? Of course not! Was it necessary in the long range growth of the company? I'm not an expert in that field but personally I would have preferred a lower ratio---- Now in retrospect, I think that even Jack would agree that in conjunction with the share roll back announcement should have included some details that would have made the rollback a little more user friendly! i.e Compensation Program, acquisition details, etc...( Just my own opinion!).....
-------Once I personally felt in my opinion that CVIA was considering a compensation program--I felt that regardless of my decision I would most likely be a shareholder in CVIA down the road--if, as and when a Shareholder compensation program came into affect!
----So! As I expressed on previous postings when new news did not materialyze within the time frames that I set for myself, I divested of my CVIA Share Holdings!-Anticipating/Hoping that some day in the future that maybe I would still have some further value in my CVIA Investment via some form of Compensation program!-------
The other factor that was a consideration in divesting of my investment was I felt that some shareholder sentiment was building into taking legal action against CVIA!----
-----Now! I am not judging anyone's decision here, other then to say
from my own point of view my previous experiences with legal followup in matters such as was indicated by some on this thread--turned out for me to be financially costly, very stressful, and something I had told myself I would not be involved in again!----
------Also the other challenge that I had to come to grips with was I prepared to go after Jack at all costs?--The answer for me is NO!--Once again not intended to approve or disapprove of anyone else's efforts or intentions!----I still feel Jack was put in a difficult situation-and I admire his efforts to face the onslaught of phone calls that he did on a regular basis! In my opinion that took much committment and character!-----
Even though I am not currently a shareholder -I still feel that Jack believes that he is working in the best interests of the CVIA Shareholders for the long term!---I realize that I will have opened myself up for some criticism from that comment--but I wanted to express it anyway!---
The Pat Charles scenario is a difficult one for me to understand! By no longer being a shareholder of CVIA it is also my way of saying that until I see all the details of the mergers/ acquisitions, the BOM, business plan and projections-and what Pat Charles has in fact brought to the party it will remain a major question remaining unanswered to me!
Having said all this I have a "GUT" feeling that Jack's apparent committment to CVIA will pay off! Time will tell who gets the benefits and to what degree!
For those persuing the legal route , I wish you all well and trust that you achieve what it is you are going after, also an end result that is the best for "ALL" Shareholders?
I will now wait and follow the developments of CVIA and see what transpires!--I am personally encouraged by the fact that CVIA has indicated that a Shareholder Compensation Program is necessary! ( Or at least that's how I understand it!--In my opinion!)
I trust that whatever or wherever the legal actions that many of the CVIA Shareholders appear to be persuing does not hurt the chances of the shareholders that do not view that process to be in their best interests at this point in time!
Sorry for the lengthy posting but I felt it was appropriate!
We have some very sincere and caring/ sharing CVIA Shareholders on this thread ( and of course those that are non-S.I. members!)..
I wish each and everyone of you success in your endeavours!
I continue to encourage you to do what is right for you! It's your hard earned money , you make the decision!
Best Regards,
Wayne J. |
