VLVT (was CSMA) Message Board

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Microcap & Penny Stocks : VLVT (was CSMA)

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To: David Smith who wrote (9881)	10/15/1998 11:31:00 AM
From: Carole	Read Replies (1) of 11708

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. Likewise the LPS Sea Soil deal. I sure hope CSMA didn't pay out a lot of cash to the person they have doing due diligence on their behalf. Or do they even have anyone doing DD? Sounds to me like management is either knowingly churning out press releases that they can say "oops, we made a mistake" or they are awfully unsophisticated or more likely strapped for the cash it takes to hire someone to do proper DD. How is it possible to get into deals that deeply without having all the pertinent facts. Beyond me. c

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