SI
SI
discoversearch

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 : Corporate Vision (CVIA) -- Ignore unavailable to you. Want to Upgrade?


To: Luminous who wrote (3154)4/7/1998 2:27:00 PM
From: Captain Jack  Read Replies (1) | Respond to of 6654
 
This is not the news everyone was hoping for, but the points about normal trading patterns and potential tire and oil distributors being lined up are very positive. I doubled my position today and I may add more if we dip back down under 0.02
I think we are onto a winner here folks, just hold tight and wait be patient. At least maybe we won't have any illegal shorting of Reg S shares now.

good luck all

CJ



To: Luminous who wrote (3154)4/7/1998 2:47:00 PM
From: K A Anderson  Respond to of 6654
 
I understand what you are saying, I guess at first glance that does look sort of like a far fetched statement, but now for the rest of the story to fill in the gaps left by that statement.

The reason this Reg S came about was CVIA didnt have time to raise the funds any other way, (privately) so CVIA went ahead and issued the 50 million Reg S. Else risk loosing the merger.
During this time CVIA was still working on getting private investors togather to retire the debentures. ( Most Reg S have like a 41 to 47 day hold time and then they can be sold back into the float.)

I think by the time Mr Arnold was able to finally get the private investors togather, it was to late to stop the Reg S from entering the float, so they bought it back off the open market. The Shares are now back in friendly hands, for the most part. Since the Reg S hit the float the volume turned 161 million shares, for the month of March........ now we are back to 3 to 6 million volume days.

KAA