VLVT (was CSMA) Message Board

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Microcap & Penny Stocks : VLVT (was CSMA)

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To: Richard L. Williams who wrote (9879)	10/15/1998 8:45:00 AM
From: David Smith	Read Replies (4) of 11708

Anybody--can somebody explain Michael O.'s involvement in CSMA? I remember he touted as a good sign that this company was going great places, but all Pickens ever did here was gibber and jest. Pickens had a contract to deliver the Conroe Block to CSMA. Pickens had reported that this was about 1250 acres as stated in the unsolicited M3 report. Pickens could not deliver the stated amount of acreage, only about 10% as represented. Additionally, he represented free and clear title but there was a $2,000,000 EPA cleanup fee attached to the property. He failed to live up to his commitment and place this fee into an escrow account. David

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