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


To: Dusty who wrote (1362)12/29/1997 2:56:00 AM
From: Captain Jack  Read Replies (1) | Respond to of 6654
 
Hello All! I just read through about two weeks worth of CVIA posts! You guys and gals have been busy! Everything looks very intersting to me so far. The only aspect of the merger that worries me is the occurance of a reverse split. I would much rather see an increase in the number of shares. All of the ingredients for a new profitable company in the future (next month, year?, who knows) seem to be coming into place. I have about 35K shares right now and I was wondering how to show my support for the merger? Should I e-mail the company or is there a form that I need to obtain? Thanks again all, Have a great new year! Captain Jack (Chris)



To: Dusty who wrote (1362)12/29/1997 8:45:00 AM
From: Milk  Read Replies (3) | Respond to of 6654
 
Hi Dusty,
Great job as usual. You should post your findings regarding Coast Northwest's credit rating.
A reverse split is a possibility, I hope the parties involved are aware of all the negativity surrounding reverse splits.. Can anyone tell me of a single positive experience with a reverse split? That would be helpful..
Dusty, you said <It would take a very large company or group of companies to absorb all the shares in float>. At 0.038 a share, the whole float would be just around $2M, and could be absorbed by a few companies or big investors, IMO. I think if there is a plan to do a reverse split some time in the future, it's to bring the price up to non-BB level, and to move to a larger board. If we only knew who the major holders are, and what they want do with their proxies should there be a reverse split decision.. Here is one, to start with:

Leu, Werner c/o UFH Endowment Ltd.
Drescheweg 2, Postfach 828
Vaduz
Liechtenstein, FL-9490

8,876,035 shares as of 8/10/97

Like many other thread participants, I'd prefer to see an increase in shares authorized/oustanding. I asked Jack Arnold about this possibility, and here is his response of 12/23/97:

"...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...

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


Full text: Message 3031191

Milk