To: Milk who wrote (3692 ) 4/17/1998 1:40:00 AM From: Milk Read Replies (2) | Respond to of 6654
*LURKER POST* received via email Michael: Please feel free to post the following on the CVIA thread on S.I. unless you feel uncomfortable doing so. I finally felt the need to speak out. TO CVIA S.I. THREAD MEMBERS: (Esp, Milk, Wayne J, KAA.) I am a long time Thread Lurker of S.I., and honestly, I doubt that I will become a member because I rarely see the point in posting. I have experienced negative reverse splits, as well as significant gains from OTC:BB "penny" stocks. I currently own XX,XXX shares of CVIA at a variety of prices. The 300:1 reverse split "seems" to be a bad move initially. After consideration, however, the negative aspect of it comes from the fear of chance that some investors are feeling, and said FOC causing them to post negative hype. This in turn is read by others, lurkers and members, who in turn start basing trade decisions on these slams against CVIA, WOTD, and Jack Arnold. This in turn, IMO, seems to have a bigger impact upon the share price of CVIA than the actual 300:1. Stop the slams & threats of suit for a second. Catch your breath. Relax. The end of the world is not today, nor tomorrow, nor the day after. Gamblers in Vegas are welcome to their superstition, but gamblers in Vegas who constantly blame the house for their losses are generally not fun to hang around with. Anyone ever been at a craps table where everyone there is blaming the roll of the die on the house? Where the crowd verbalizes depression and resentment? How much fun is that? How often (if ever) have you made money in such a negative environment unless you're playing against the shooter on the "Don't Pass" line like shorters do in the market? Zero fun. So you leave the table and go enjoy play elsewhere. In this case, CVIA & WOTD is the craps table in the casino called OTC:BB. The table itself seems fine to me. The die are all straight. The pit boss (J. Arnold) seems fair and reasonable in expressing the rules and betting limits. Now the pit boss, stickman, and dealers, have announced that the table will no longer accept change and that everyone playing will have their coin bets (CVIA stock) converted into dollar-chip bets (WOTD stock). This seems fine to me. As long as, and this is an important "as long as", the pit boss and casino will back up the value of those chip bets. I'm betting they can. So I'm holding my meager xx,xxx shares on the table even if they convert to xxx shares. I knew the risk walking into the door of the casino, and if I lose all of my chips, I will have done so with free will & complete understanding of the rules game. The problem that I've seen with CVIA is one that I see on my trips to Vegas. Superstition. One guy at the craps table believes if he wears his hat backwards it will bring him luck. Me? I believe in always having a beer (Amstel Light) within reach and an unlit cigarette (Camel Light) in an ashtray right next to it. Superstition. If another guy believes that the rotation of the stickman and dealers means bad luck, then so be it. That is HIS superstition. It does not have to be mine. So here we are with people yelling and screaming out their superstitious beliefs that CVIA is going down the drain and the house is taking all of their money, and this in turn keeps others from taking any interest in this little craps shoot of ours. For what? To warn others from playing this game? To keep the casino from collecting any more money? In any case, "it" is definitely having an effect upon the value of the chips. Personally, I'm not ready to leave the table yet. I've got more than a half a beer and a full pack of cigarettes. I've got enough chips to continue play, regardless of what the table limit is. But most of all, I've got the one thing that all gamblers have. I've got faith. Two weeks or two months or two years from now you fellow CVIA shareholders may be laughing at this message. Laughing at what may "seem" to be my own optimism and naivete. I'll take that chance. Good Luck, CVIA/WOTD. Let's get this show on the road. The dice are hot and it's time for the come-out roll! - Morgan - psispirit@msn.com