CAVR (Carver Corporation),Book at 1.28,price 0.25. Message Board

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Microcap & Penny Stocks : CAVR (Carver Corporation),Book at 1.28,price 0.25.

CAVR 0.000300

0.0%

Nov 5 1:42 PM EST

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To: Rande Is who wrote (189)	6/6/1998 6:55:00 PM
From: Andrew H	Read Replies (2) of 319

>>The company also previously announced that it had closed a sale of 3,000,000 shares of restricted Common Stock of the company to one of its preferred shareholders, Renwick Special Situations Fund, L.P., for $375,000. These funds provided the company short term funding to obtain delivery of two products for which the company has been unable to accept orders from its customers for the past several months.<< Does this mean, then that the total shares outstanding has gone from 4.67M to 7.67M? I guess that reduces the book value considerably, but the company needed the money. Still you would think the company could have done better than .11/share. Sounds like this special situations fund is a special screw you fund.

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