Just thinking out loud here... but...
Is it possible that the spin off of Envirotech and Adhatters is
designed to deny litigators anything substantial to go after ?
CSMA is involved in legal action with Mr Harmer from last year, and
now might be entangled in proceedings with LPS. By spinning off the
2 subsidiaries, CSMA is effectively a shell with little or no
significant earnings or prospects, except for an (as yet ?)
unproductive gas field.
If CSMA had reverse merged with Buffalo, it is still in effect the
same company under a different name, and subject to the same legal
actions. But by stripping CSMA of Adhatters and Envirotech, there
is almost nothing left to go after, and the 2 spin offs can start
earning serious cash without fear of legal reprises.
Plus, the shareholders benefit by owning shares in Envirotech and
Adhatters, separate from the almost worthless CSMA parent shell.
"CSMA" will dive to zero or close to it, but perhaps we'll see a
renewed Adhatters and Envirotech in the black and making earnings
for the shareholders ?
If this is an accurate guess, then as a current CSMA shareholder, we
still stand to benefit from the projected growth of Adhatters and
the significant revenues from the Class V disposal well of Envirotech.
So, after the reverse split, sell the "CSMA" shares for a few cents,
and hang on for the ride with ummmmm... ETCH and ADHT ?
Perhaps I'm way off base here. The above was all JMHO of course, and
based on the ravings of a heatstroked desert dweller. I'd be interested in hearing others' points of view though.
Curious,
Durro |
