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Microcap & Penny Stocks : Corporate Vision (CVIA) -- Ignore unavailable to you. Want to Upgrade?


To: J.R. who wrote (1290)12/23/1997 12:04:00 PM
From: Milk  Respond to of 6654
 
I am still awaiting Jack Arnold's reply too. <eom>



To: J.R. who wrote (1290)12/23/1997 1:12:00 PM
From: Milk  Respond to of 6654
 
Just received the following from Jack Arnold:

Dear Michael,

Thank you for your e-mail.

Regarding your question about authorized shares.

The question of an increase in authorized shares and the question of a
reverse split cannot be accurately answered at this time. Obviously, some form of addition or reverse will be necessary as the main value CVIA brings to the table is a fully reporting clean public shell which enables a private entity to go public. This scenario saves a private company significant time and hundreds of thousands of dollars in going public.

The current letter of intent may include an increase in authorized shares.
These details are being worked out at this time.

Thank you for your interest and support. I attempt to respond to everyone that contacts us in as timely a manner as possible. Thank you for your patience. Sometimes, due to meetings, etc., this can take a while.

Sincerely, Jack Arnold CEO



To: J.R. who wrote (1290)12/23/1997 1:27:00 PM
From: Frank Henriquez  Respond to of 6654
 
J.R.
I'm not too savvy about all this, but I agree (from painful past experience) that a reverse split is usually bad news for a stock's price.

Why couldn't the company buy back stocks at the current level (which would reduce the float and increase the stock price somewhat) then reissue the stocks - or make a new offering - at a more profitable level? If they have a sizable amount of cash, it would only be a short term pain with long term benefits.

Frank