Corporate Vision (CVIA) Message Board

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Microcap & Penny Stocks : Corporate Vision (CVIA)

CVIA 0.480

0.0%

Jun 30 5:00 PM EST

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To: campe who wrote (6429)	8/25/1998 5:43:00 PM
From: K A Anderson	Read Replies (1) of 6654

<sigh> Ever have one of those questions asked that is hard to explain? See if I do explain it, then I am being forced to put words in Jacks mouth, I am forced to put words in (previous to Jacks)old managements mouth. Even Terry's mouth. So I am not all that comfortable speaking for all these guys. So I will bottom line where we are at the moment fair enough? Most of that report is not accurate as far as I can tell. In the Spring of 1997 the previous management acquired a sizable interest in Phipps for $450k cash and that stock. The deal was done. Any how when Jack was trying to merge with the other company he gave back a sizable holding in Phipps company, but chose to retain 25% and Phipps gave back CVIA stock and basically parted on freindly terms. "Also, it states there were certain inaccurate representations by Phipps relating to accounts receivable of T.L. Phipps & Co. and that the production studio of T.L. Phipps & Co. had been closed, excess equipment sold, and the employees of the Company terminated (blah blah blah...)" I have no idea where that come from... basically Terry has a top flight outfit <IMO> and has grown and developed his business. As for putting on a show... we dropped by Phipps un-announced and Terry was relatively surprised to see Joe Siebert and myself... but was very nice about it and showed us his operations and let us meet the staff and as the meeting progressed started verifing the questions we were asking. KAA

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