To: Dusty who wrote (458 ) 11/18/1997 9:14:00 PM From: Brad Read Replies (2) | Respond to of 6654
Dusty, Shareholders are always complaining about OTC-BB companies that ignore them. So what happens when a company DOES tell you ALL they can within the confines of ongoing negotiations? I think it is IMPRESSIVE that they are letting the shareholders KNOW as MUCH as they can divulge, as OFTEN as they can. I have never seen a company OF ANY SIZE make this kind of effort to share the process. I think this is GREAT!! I see 3 Very Important things in this press release. 1. They have a signed Letter of Interest. "As expected, both parties are eager to move forward, and we are pleased to report we have signed a Letter of Interest with this leading candidate." 2. They have outlined the STEP-BY-STEP process so that we know what to expect as we go through the process. "If our preliminary analysis proves accurate, we anticipate our review will lead to a signed Letter of Intent in the very near future and culminate in a formal merger agreement as quickly as is reasonably possible." 3. They are committing to Update us CONTINUALLY! "As the process continues, we will provide updates via press releases and our internet address (www.cvia.com)." I feel confident they will announce every bit of information that they and the "merging candidate" agree to release. Remember, they are working with a "private corporation." Usually a private corporation wants to keep their affairs PRIVATE until a deal is DONE because if the deal was not done for any reason, the private corporation still wants to be just that... a PRIVATE corporation. For a mid-process press release, I have to say that, personally, I'm very pleased. Best wishes, Brad