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

To: Tony who wrote (2934)	4/3/1998 12:43:00 PM
From: Jim Armstrong	Respond to of 6654

Tony and All - - - Just by way of tempering expectations . . . CVIA's worth is exactly what the WOTD folks think it's worth, no less, no more. It's a buyer's market. There is certainly some value, . . . and it is more than a truly empty shell would be. But, it's still not prime real estate. It's more like convenient real estate. It does save a bunch of money that otherwise would be consumed in the legal costs of establishing a new publicly traded entity. The other business equities are of undependable value. The carryover debt may be of value, but I think only if there is very near-term profit to offset. It did provide another element of value in providing a means for raising badly-needed cash, albeit via the less than desirable S-route. I'm guessing that the WOTD folks must have had their concept for a while, but had a sticking point with the issue of going public in order to raise enough money to make the business work. Somehow (dunno how or when) Jack Arnold sees their need and also sees an opportunity to recover something of what he was rapidly losing in the moribund CVIA. Discussion follows (the ability to raise cash is compellingly attractive), and they are off to the races. But Jack Arnold's personal opportunity lay in championing as much value for CVIA as he possibly could. His success with the stock value will be our success. But he has one very significant edge over us. He can be compensated more directly for his Herculean efforts to turn this sow's ear into a silk purse. [I dunno if that will be the case, however]. So, bottom line . . . in my view . . . it remains an open question as to what the results of the merger (reverse) and any stock reevaluations might be. I remain optimistic. And I still hold a pretty good chunk of CVIA in my sweaty hands, and I'm not going to let go any time soon. But, there is still the potential (in my view) for either euphoria or disappointment short term as the next few days unfold. Having said that, best wishes to us all, and thanks in advance (and again) to Jack Arnold for creating this intriguing opportunity. JimA