KZAP, read CSMA's latest news release again.
biz.yahoo.com
A RS is imminent. CSMA will have to issue 100,000,000 shares for this new company to give them the value they need.
Now, in the first paragraph, it says that Veltex Industries, Inc.
has signed a Letter if Intent FOR ITS SUBSIDIARY, "VELVET TEXTILE MILLS,LTD.", to be acquired by CSMA.
CSMA is NOT planning to merge with VELTEX, only its subsidiary, "VELVET TEXTILE MILLS, LTD."
VELTEX INDUSTRIES may have value, but we don't know anything about its subsidiary "VELVET TEXTILE MILLS, LTD."
Therefore, CSMA may not have to do a Reverse Split as you imply.
TO ALL: We need to remain patient. No business succeeds overnight. Don't be influenced by the bitterness and negativity by many posts here.
There are no guarantees in penny stocks or the stock market in general. We all need to realize that CSMA was speculative and unfortunately it IS possible to lose all of our money gambled (not invested). It IS also possible that those who hold onto their shares WILL eventually profit.
Let's not give up yet. There is still lots of potential and very interesting times ahead with CSMA and its spinoffs.
Good luck to us all.
Ron |
