To: Wayne J. who wrote (3660 ) 4/16/1998 7:56:00 AM From: K A Anderson Read Replies (5) | Respond to of 6654
You have to admit the events of the last 36 hours have left everyone upset, and dis_________ (pick your favorite word that starts with Dis and fill in the blank) <g> I am not angry at anyone on this thread, to be honest this group that posted and are posting, are a very intellegent group of investors. This thread could have been used as a role model for SI... its a shame that CVIA decided to TRY and throw these investors to the dogs. (Personally I dont think they were expecting the investors to turn the dogs loose on them though). I have had experience with this in stocks and business before, and KNOW how this will turn out... that is why I am proceeding under my own terms and conditions now, I dont need anyone to agree with me or disagree with me, I AM going to get some LEGAL remedies started ASAP, and if I can put this togather, I will post the info for everyone to have access to, be it ASAP, 6 months or a year from now. People are always leery of OTC stock for this 1 simple reason, and liken it to gambling, in many cases this is correct. But not this time... In this case you had a company executive and BOD decide to just simply take 96% or more of your money away from you, under the premisis of "long term growth". I will bet you a dollar to a donut that the present and incoming people will take part of that 96% and put it in their personal pockets, under the premisis "hey we deserved it" for what ever reason, I personally invested in the well being and future merger of a company not some Rooky CEO and Future CEO(s) personal well being. Jack the BOD and WOTD had better hope the corporate veil cant be pierced or they all become personally liable on top of CVIA/WOTD liability. CVIA had $500k in the bank and 40 million shares they could have used towards a "mom and pop", if they were concerned with our well being they would have used it. $1.3 cash and stock will get you 1 or 2 " mom and pops" its just that simple... instead they chose to take 96% of your investment away from you. Ask yourself this what exactly is WOTD bringing to the table that would merit costing you 96% of you investment? I will promise you what ever it is wont justify a 300 to 1 split and 46 million more shares to delute the 4% you've been left with. Now or years to come. I am the CEO of a corporation, and know how this works, In fact in Sept Oct and March we declined several OTC mergers, and chose to stay private, because of a similar situations. Like I said agree or disagree with the approach I am taking I will post this Legal contact for all of your benefit, (when it is done) and you can decide anytime in the future if it is or isnt right for you. I have meetings with 3 law firms today, and hopefully this evening I will have something helpful to publish to you all. KAA