To: Milk who wrote (1155 ) 12/19/1997 10:25:00 AM From: Milk Read Replies (3) | Respond to of 6654
*All CVIA shareholders:* To keep you folks posted, I recently communicated with Jack Arnold to compliment him for his ongoing effort and attention to us shareholders (I truly appreciate the latter, I personally haven't seen too many companies respond in such a prompt manner). Here is his response:Dear Michael, I am grateful for shareholders such as yourself. I have found it quite difficult to convince skeptical shareholders and potential shareholders that we truly are trying to reperesent their interests in restructuring this company. Apparently, deception and exaggeration is quite common in the stock market, making it difficult to convey my sincere desire to make this work. When I took over CVIA, the company had no assets, no prospects, and no one to lead it back from the grave. I decided to get involved because many of my friends had purchased stock from the previous management group, and I felt compelled to see what might be done to keep the ship from totally sinking. Through some personal and professional contacts, I located the opportunity that is before us. Given the weak bargaining and financial position of CVIA at the time I assumed responsibility, this opportunity truly has the best chance of creating the most value for the shareholders in my opinion. My primary objective is to return as much value to each shareholder's investment as I can. Obviously, there is no guarantee everyone will get out cleanly (especially those who bought 6 months ago, 12 months ago etc. and did not average down their shares by buying at the recent $.04 & $.05 prices), but I am taking responsible steps to extract positive value from this public shell. Thank you for the much needed positive feedback. Comments from folks such as yourself make my efforts worthwhile. I trust I can bring something good to fruition to justify the trust you and many others have put in us. Sincerely, Jack Arnold