Pugs and all:
I would like to take an opportunity to address a scenario that may fit the current state of affairs here with TVSI.
For a similar situation of a reverse merger between a 'clean' shell and another company wishing to become public, take a look at CVIA.
First there was this wonderful merger between CVIA and a company named Western Oil and Tire Distributors (WOTD) that would bring large revenue and profits to CVIA. It too was a small penny stock, trading in the 2-4 cent range with a large public float and many more shares authorized.
The CEO, a Mr. Jack Arnold, has a great way with words to any who would call him and inquire about the terms of the deal.
As time went on, there were delays on this merger, something that would happen "very soon", "any day now". No one knew or could find out anything about this WOTD or any of the principles. We did know from some PR's that this WOTD wanted to get on the NASDAQ quickly, which would probably mean a reverse split in order to get the price up to meet requirements
Around April, some resourceful shareholders found a Reg-S that Arnold tried to sneak in quietly. Then the bomb dropped. CVIA announced the merger was to be finalized. Along with a 300-1 reverse split, the authorized shares were not to be reduced accordingly. In other words, CVIA virtually wiped out any existing shareholder value while retaining the profits from the sale of stock. The price went from the 2 cent area to the equivalent pre-split price of .003 on Friday.
For an interesting account of how this whole mess has played out already, check out the CVIA thread for the last few months. Fortunately, there are some very perceptive investors of CVIA who have taken some radical legal steps to stop this merger.
What does this have to do with TVSI? How much do we really know about these mergers? What about Raabe, a securities attorney? Does he has any experience being a CEO of a large $100 million corporation? What do we know about Aggression Sports and any of it's principles? What about all these other acquisitions? Are there any, or just talk from the company to hype the price up in order to release more shares into the float?
I hate to ask these questions since I do have a investment in TVSI, yet these and others must be answered or we may see a similar thing happen as did in CVIA.
Please prove me wrong in the next few weeks.
JMHO
-Ken- |
