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

To: Wayne J. who wrote (1359)	12/29/1997 12:26:00 AM
From: paulbk	Read Replies (2) \| Respond to of 6654

Wayne, Many of the shares traded in the past two months were convertible debentures being cashed in,regards p.b.

To: Wayne J. who wrote (1359)	12/29/1997 3:54:00 PM
From: paulbk	Read Replies (5) \| Respond to of 6654

Wayne, I've been a little pressed for time so excuse me for not being able to post all the time. I based my assessment on the UFH s-3 of 8/22 showing them as a 10% owner, meaning the share count then was around 80,000,000. Correct me if I'm wrong but did'nt Arnold say at one point that the share count is 100,000,000 now? I'm glad to hear Arnold say the conversions are over but the last I heard about it was the 11/11 news release where Arnold says they are"virtually over". I have no reason to disbelieve him but there has been a dearth of sec filings on the matter, I also know of no material reason why he could'nt give details of the conversions - if they are over it should be a matter of public record I know of UFH as an organization that deals in reg-s type offerings as they have come up in other pennies (NCII,MTCI) I have owned and I would not expect to see them hang around as they make their money on the conversions. In other words, they are not a long term type of investor. You can e-mail and ask them but I would bet if they are not gone already they will be shortly. As far as issuing more shares, do they even have them to give without going for a vote? I personally don't think it will happen that way and I'm looking for a conversion ratio. This is not a reverse split per se although it accomplishes the same thing and it is not axiomatic that the stock price will decrease when it takes place. Positive earnings per share should result in an increase. What does the merger canidate earn based on 1,000,000 shares with pretax earnings of $ 350,000/yr.? I'm not trying to sell this but I feel all should be prepared for these possibilities. I may be helpful to say I have X dollars invested in cvia instead of xxx,xxx number of shares, later,p.b.