To: Brad who wrote (1597 ) 1/14/1998 2:21:00 PM From: Wayne J. Read Replies (3) | Respond to of 6654
TO: ALL CVIA SHAREHOLDERS AND THREAD PARTICIPANTS! I just completed quite a lengthy telephone discussion with Jack Arnold! ( I'm hoping in the future they get a 1-800#?) I will attempt to be brief and to the point! But! Everyone! Please understand, that I didn't tape the conversation, ---so as always!----- ---Please take my shared opinions as just that ! My personal opinions! Here is a recap of the points from my telephone discussion today with Jack Arnold! ( If and when Jack happens to read this posting and feels that I have shared some information out of turn, out of context, or I have misunderstood what Jack was trying to tell me in today's telephone discussion! Then ! I invite Jack to contact me immediately if any points of information/dialogue needs to be re-addressed or clarified!) Thank You In Advance Jack! Point #1.--Jack clearly stated that he has been releasing any/all information via news releases regarding the CVIA merger and acquisitions, to the best of his ability, and only when he felt that the timing and details were all within the reporting guidelines available to him as a Management representative of CVIA! Point #2.-- He reinforced the fact that as time allows him! He reads all the postings on the CVIA Thread! And the information on the CVIA Shareholder's Webb Site! ( He did mention a high regard and praise for all the efforts of the CVIA Shareholder and Thread Team! But! He made special mention about MILK, D LEE and BRAD, as Thread Participants that appeared to have a good handle on the CVIA Developments--given the fact that they are not privy to all the details!) Point #3-- He was very impressed that the Shareholder Webb Site, is receiving posting, questions and responses, from both S.I. Members and Non-S.I. Members!--He also eluded to the significant time and research that was being dedicated by all particpants! In efforts to help one another look at the possible answers, solutions, responses, ----and allowing him the additional freed up time to work on the CVIA Merger/Acquisition efforts! Point #4--He realized that the announcement of the REG S would bring some temporary disappointment from current CVIA Shareholders! However! He did indicate that it addressed the current financial needs to continue to keep CVIA moving in a forward/positive direction! Although he admitted that it would not have personally been his first choice either! It did fill an immediate need/requirement! The positive results from the REG S provides an immediate and swift influx of much needed funds! Yes! It is his guess that it may very well have a short term affect on the trading and share price pattern of CVIA! But ! That whatever the result of the REG S scenario turns out to be! He feels it should happen very swiftly! By this I understood him to mean! Preferably he is hoping that a U.S Group purchases the REG S from the current purchaser's that have just paid CVIA $500,000.!!! ( I might add that it's 1/2 a million $$ more than we had last week!---Sounds much bettor to me than "ZERO $$" Any way Jack felt somewhat confident that a private group of investors might purchase the REG S before it hits the trading block! He did agree that he felt if the current purchasers of the REG S were still holding around the 41 day "hold period" ( Just my guess!) --that he felt that they were not a group that would hold for the long term! ( Basically he summarized by indicating that this purchase of the REG S was fullfilling a need for both parties!) In my opinion Jack was competely open and honest and straight forward! When addressing the REG S issue/concerns! He did indicate that he hoped that this would be the last time ever that CVIA would have to consider such a financing avenue! Then he went on to indicate, that over the last few months ! Time has not been on the side of CVIA!--Thus a need to make difficult decisions and specific actions were required to keep the future alive for CVIA and the shareholders that have decided to stick it out through the "Thick and Thin". A final comment about the REG S scenario! It is my understanding that an 8K REG S SEC Form has been or is in the process of being completed and being submitted to SEC for filing! ( Jack indicated that he imagined that it would be made public for all to see once the SEC reviews it and makes it's decision!) ---He mentioned that we should keep an eye out on EDGAR! As the information may be available at some point in the near future! ( Of course subjet to change/revision!) WOW! So! This is what I meant by a "point form " summary! Sorry it's so long! I will take a short break! Give you a chance to "digest" the top four points! Give you a chance to go out and get yourself some "Popcorn" and other "Refreshments!" And I will continue with Point #5. on a new posting!!! Stay Tuned! Best Regards, Wayne J.