To: jas244 who wrote (1254 ) 12/22/1997 4:08:00 PM From: Wayne J. Read Replies (3) | Respond to of 6654
Hello! James, I just read the response that Brad posted, addressing your posting #1251. I'm glad Brad responded first! In my opinion , the recap that he provided presents an excellent summary to ponder! ( Just my own opinion!) I phoned CVIA today , and spoke to a CVIA Management Representative, in efforts to get some response and feedback to the questions that James posted on #1251. First let me tell you that it was definitely not a Christmas Party that they were having! But I did sense that with all the merger activities being discussed/negotiated and the results from the "CVIA Shareholder's Action Plan" that they were extremely busy , working to maximize the companies value on behalf of the CVIA Shareholders! The impression that I got from my discussion with CVIA Management today is that the $3.5 Million Acquisition target, was a total separate , entity from Western Oil and Tire Distributors,Inc. ( WOTD). I was told that the financial information relating to (WOTD) has net yet been made public! So I would expect that we can look forward to another news release in the not to distant future, providing some further details relating to (WOTD). "1161 SHAREHOLDER EXPRESS CALL TO ACTION PLAN" Although the Management Representatives that I spoke to indicated that they were just waiting for Jack Arnold to get back from one meeting before being rushed to another meeting, I was asked to pass on the following information! #1. Jack Arnold and the rest of the CVIA Management Team expressed their gratitude , for the excellent support that the CVIA Shareholders have been providing ! #2. I did get the sense that your combined efforts are making a difference ( in a positive way! By helping to speed up the process!) #3. Thus far I was told that over 6.5 Million Shares were accounted for in the e-mails that you have sent directly to CVIA, in only two days! ( Quite incredible , especially when you think that we are in the midst of the Holiday Season "Shut Down" in most companies! Next Steps! Is There Anything Else That We The CVIA Shareholders Can Do To Help Our Own Efforts? The Answer is "YES!" ( Just my opinion). Of the 6.5 million CVIA Shares that the company received confirmation of via e-mail, to this point theCompany has received only about 3.0 Million Shares by FAX on the CVIA Shareholder Consent Form! In efforts to help ease our minds, I asked CVIA Management if our shares or the ability to trade them before this merger process is complete, would be affected, if we signed and faxed our CVIA Shareholding support to the Company! The answer I got was , by signing and faxing the consent form, we are in no way restricted from doing whatever we want with our CVIA shares! ( Now! Please understand that is not my opinion, that is just feedback from CVIA Management) But! Personally I am OKAY with it! ( And once again just my own opinion!) Another " safety valve" that was pointed out to me, if you take a look at the date on the top left hand corner of the "Consent Of Shareholders In Lieu Of Meeting" Form, you will notice that the date noted is Dec.15, 1997 and the execution date of the the Letter of Intent was December 3,1997. So the way I see it, if you were a CVIA Shareholder on Dec.15,1997 you are entitled to fax in your share information, and since that time has now come and gone, you can do what ever you please with your shares! ( Once again just my own opinion!) CVIA Management asked me if I could remind the CVIA Shareholders and other interested parties that if anyone is still planning to send in their consent forms by FAX , --------please start using this new Fax number immediately! NEW CVIA FAX NUMBER: 1-918-748-9683. ( Starting Right Now!) NEW CVIA PHONE NUMBER: 1-918-747-2842. (Starting Right Now) It is your individual right and choice if you decide to fax in your supportive "Sharehloding Consent Form"! Wishing you judgement and strength in your decision! ( What ever you decide!) Best Regards, Wayne J.