SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Microcap & Penny Stocks : VLVT (was CSMA)
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: TraderGreg who wrote (8946)8/13/1998 3:33:00 PM
From: David Smith  Read Replies (2) of 11708
 
I know you are trying to make a point with this scenario to convince them that they cannot get controlling interest. I agree with you that they will not get controlling interest and I believe it is academic anyway. Ad Hatters and Envirotec should do very well after the spinoff and will have the cashflow to support themselves. The remaining CSMA shouldn't have much overhead associated with it after the spinoff.

THEY WILL HAVE 50MM AUTHORIZED TO DRAW FROM AS THEY NEED!!

That is true, but they are nowhere near using their authorized right now. They could have diluted 10's of millions of shares, RIGHT NOW, without the reverse. They haven't, and most principals are not drawing any salary. The company is not trying to shift money from CSMA shareholders to the company as evidenced by reasonable G & A figures.

The reverse split is not being done to allow dilution to take place. They don't need a reverse to dilute. The company is being split into 3 smaller companies that don't warrant the number of shares outstanding.

I know that your post was to make a point and I understand that. I just want to let everyone know how I view this specific reverse split. I said it before, I don't like reverses, either. Didn't some company just do a 1 for 2000 reverse? In comparison, a 1 for 5 doesn't seem too bad to me.

David
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News