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Microcap & Penny Stocks : Corporate Vision (CVIA)
CVIA 0.4800.0%Jun 30 5:00 PM EST

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To: FloridaGatorMike who wrote (5347)6/2/1998 12:27:00 AM
From: Milk  Read Replies (2) of 6654
 
I've also lost a lot recently, so we're in the same boat.

Of course, the way this deal has been developing so far, it's very difficult to say anything positive...But the warrant dividend was a good start. Let's take it easy on Jack, he's been taking all the blame recently. I am sure the situation is more complicated then most of us think, and Jack is not the only one making decisions.

"..all funds earmarked for the closing of the WOTD deal only. The funds from the April offering have not been released from escrow.."

The PR doesn't explain that much, but (please correct me if I'm wrong) my impression is that each shareholder will receive 1 {free} warrant for each share they own. You don't have to buy them, it's a dividend distribution. They definitely need to elaborate on this.

It's hard to say how much these warrants will be worth to us, but it's better then nothing. Just like $1M sitting in escrow is better then nothing.

JMO,

Milk
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