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

To: OSCURO who wrote (6975)	4/30/1998 10:14:00 AM
From: Richard L. Williams	Read Replies (1) \| Respond to of 11708

Oscuro-- Thanks for the link. There is nothing here to be pleased about. Buffalo is a two-bit organization with $412 (yup, four-hundred and twelve smackaroos) to its name. How can it assist CSMA in any way? Is losing your corporate identity worth $25,000+ in Form 10 filing costs? I guess CSMA thinks so. This paragraph in Buffalo's 10Q in particular raised my eyebrows: The Company will carry out its plan of business to seek out and take advantage of business opportunities that may have potential for profit, and acquire such businesses, or a controlling interest therein. The Company cannot predict to what extent its liquidity and capital resources will be diminished prior to the consummation of a business combination or whether its capital will be further depleted by the operating losses (if any) of the business entity which the Company may eventually acquire. Looks like Buffalo management may be harboring ideas different from what CSMA seems to think. CSMA seems to think it will still contiune along under a different name. We'll see if these predators at Buffalo really will allow that. As Han Solo did when he first saw the Death Star, I have a really bad feeling about this. Rick

To: OSCURO who wrote (6975)	4/30/1998 12:20:00 PM
From: Kurt N	Read Replies (2) \| Respond to of 11708

Thanks for the link. I was wondering what the exchange ratio for CSMA to BUFF would be. Appears to be 1 for 1, for CSMA to retain 95% ownership. If you take into account the BUFF warrants (exercise price $2/$4) that leaves 72% (but of course we get money $19.3 million which could be used for expansion). Seems cheaper to me for CSMA to issue 100,000 shares (to raise the 25k for the 10k), but not as expedient. Kurt ... On January 15, 1998, shareholders surrendered 12,000 shares of the Company's no par value common stock, reducing the number of outstanding shares from 135,000 to 123,000. On January 30, 1998, a 10 to 1 forward split was authorized, increasing the outstanding shares to 1,230,000. On February 2, 1998, an additional 30,000 shares were issued in exchange for consulting services. As of February 28, 1998, 1,260,000 shares of no par value common stock were issued and outstanding, along with 4,830,000 Class A warrants and 2,415,000 Class B warrants entitling the holder to purchase one share of stock for $2.00 and $4.00, respectively. ...