Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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 : CLVE It's about to Break it's 52 week high! -- Ignore unavailable to you. Want to Upgrade?

To: Mr Metals who wrote (124)	7/7/1999 11:58:00 PM
From: joepcf	Read Replies (1) \| Respond to of 166

AH MAYBE NOT!!!!!!!!!!!!!!!!! This was posted by Jim Bishop on SI.. CLVE - I haven't seen the news posted anywhere else, so here it is. Now, for those that don't know. David Sirk has sworn to leave SI forever, if CLVE doesn't hit $1 in the month of July. I took no chances and bought a few. ClassicVision Entertainment Announces Signing of Financing Agreement and Intent to Consummate $3.95 Million Acquisition of Advanced Video Fluoroscopy & Nuclear Imaging Inc. SAN DIEGO, Jul 7, 1999 (BUSINESS WIRE via COMTEX) -- ClassicVisionEntertainment Inc. (OTCBB: CLVE) President Stephen Nemergut, announced today that ClassicVision has signed an agreement for the sale of Convertible Preferred Stock. The sales agreement with GEM Advisors Inc. is for a term of five years and the stock is convertible at the lesser of $1.00 per share or 65% of the average daily bid price for the five trading days immediately prior to conversion. Nemergut went on to state that the funds will be used to acquire Advanced Video Fluoroscopy & Nuclear Imaging Inc. ("AVF"), a mobile medical video firm. ClassicVision announced its Letter of Intent with AVF in a press release dated March 26, 1999. Terms of the agreement call for the company to pay a total of $1.2 million in cash plus common stock in the value of $2.75 million. AVF currently has over $3.5 million in assets, of which $3.1 million is in accountsreceivable. AVF provides mobile video fluoroscopy examination, with licensed physician in attendance, throughout New York City. Its current gross sales are approximately $200,000 per month with a profit margin of 50%. ClassicVision intends to begin increasing the number of mobile units immediately. Plans call for a total of five units within the next twelve to eighteen months. Based on current need, the company feels that at least ten full-time mobile units could be used in the greater New York City area. Nemergut stated that current AVF management would remain in place for the foreseeable future. ClassicVision Entertainment Inc. is quoted on the OTC Bulletin Board as "CLVE." CAUTIONARY STATEMENT: This news release may include certain "forward-looking statements" within the meaning of Section 21E of the United States Securities Exchange Act, as amended, and/or the U.S. Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact, included in this release are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. All forward-looking statements in this release are expressly qualified by this notice. Copyright (C) 1999 Business Wire. All rights reserved. -0- CONTACT: ClassicVision Entertainment Inc. Stephen Nemergut, 619/259-1159 Thor Gauti, 888/575-8825

To: Mr Metals who wrote (124)	7/10/1999 9:10:00 PM
From: Zeev Hed	Read Replies (1) \| Respond to of 166

MM, long time no see. We had a lively discussion on the Floorless thread" about CLVE. Whomever is invested or considers investing in CLVE should read the posts out there. We tried, I must say, in vain, to explain while CLVE is not just you regular BB bad investment, but why with the floorless and the recent acquisition of a cash draining mobile medical imaging group, this stock will prove to be a disaster or mammoth proportion. I do not have the time to repeat the whole exchange here, however. See ya around. Zeev