Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : VLVT (was CSMA) -- Ignore unavailable to you. Want to Upgrade?

To: Carole who wrote (6384)	3/27/1998 8:44:00 PM
From: charles messick	Respond to of 11708

Carole,...........My best guess is that you might present a very difficult argument to overcome should he choose to meet you at the local Italian Bistro. Glad you are watching over us. I can use all the help I can get. Later, Chuck Messick

To: Carole who wrote (6384)	3/28/1998 11:47:00 PM
From: Bootz	Read Replies (1) \| Respond to of 11708

<This should get interesting, since Bootz and I discussed the importance of the Form 10 filing and we ended up where we started, by disagreeing.> Carole, We disagreed about some things, obviously, as you're now out of CSMA whereas I'm still in. But I didn't disagree about the importance of filing financials. It's simple, really, you either do or you don't. And the reasons are simple likewise. You've got something to hide - or you don't. You've got something that you think would be of interest and concern to your stockholders, and feel a duty to inform them, or - what? Admittedly, I can think of any number of obvious reasons (so obvious, in fact, that they don't even need to be stated) as to why a company might want to delay financials, but those reasons aren't the ones given here. Instead, we're told that the delay is over a matter of how a paragraph about an existing lawsuit is to be worded - as if any attorney worth his or her salt couldn't come up with a weasel-worded sentence or two that would let everyone off the hook. Migod, isn't that what they get paid for? Now I'm probably going to get flamed for being "negative" and someone is going to want to come over and apply their own sharp-toed or cow-patty-encrusted boots to my behind - or, what is even worse, apparently, send their wives in their place! What they don't know, of course, is that my wife can lick their wife - and if she can't, her mother can. (And where's a sister, anyway, when you really need one?) To clear up KZAP's Konfusion about my "long" and "looking to be long" statements, I view the recent Class V permit and disposal well as a potential license to print money. The company's financial statement will tell us how much money CSMA intends to "print" thereby and how they intend to spend it. For example, the cost of drilling a gas well near Conroe, I'm told, is about $60,000. With the disposal well running at full capacity, you could theoretically start drilling one of those puppies every four hours or so. So, even if the first well doesn't hit, it wouldn't necessarily be bad news. Chicken fat pocket change. It needs to be kept in perspective that companies like CSMA operate in real time, whereas threads like this - and the maniacal minute-by-minute watch of the ticker tape - take place in compressed, hypertime. A year ago, CSMA was an $8.50 a share stock, based on AdHatters alone. I don't see any reason why it shouldn't be an $8.50 stock again a year from now. So that's what I mean by long. (I got in first at .63 so have passed up at least a couple of chances already, at $2.50 and a dollar, to take a nice profit, thanks.) And I'm "looking to be long" as long as everything continues smoothly forward. And one of those things that needs to move smoothly forward is the financial filing. In that vein, I don't think it's negative - or arrogant - to ask that the company state a specific date for filing same, a date sometime in the near future. As comfortable as I feel with CSMA, I could be made to feel more comfortable - and so could any other stockholder who feels CSMA is an investment, and not merely another opportunity to pump and dump, or daytrade. This is either a real company or it isn't. And real companies file financials. Or did I sleep through Capitalism 101? Hell, even BAAT filed financials. Terrible, weren't they? And yet it was back into the 90s Friday. So, given the unlikelihood that the financials will cause CSMA any lasting injury - whatever the numbers - that's all the more reason for asking: where are they? And if not now, then when? Given the amount of money I've got invested in this company, a date doesn't seem like too much to ask for. That was one more thing Carole and I agreed upon. Bootz