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

To: Matt Brown who wrote (4412)	4/30/1998 9:59:00 PM
From: D LEE	Read Replies (1) \| Respond to of 6654

That sounds very right to me Matt! <eom>

To: Matt Brown who wrote (4412)	5/1/1998 3:19:00 AM
From: Frank Henriquez	Read Replies (3) \| Respond to of 6654

Matt, I have an example of a company that changed their business, trading symbol AND did a 15:1 reverse all at one time: TWTI. They started out as a lackluster credit union software and insurance company (ISGI) with a stock price of around $1. They made some smart (and stupid) moves, then got new management who decided that the telecom business was better. By the time the reverse went through, the stock was trading at around 0.30. Post split it was around $6. The company also got involved in Reg S, started putting out complete BS PR, and slowly dropped into the penny range after several quarters of huge losses, an enormous float (thanks to the Reg S) and severe mismanagement. By the end, it was clear that the "management" was using the company to line their own pockets. The company is bankrupt now - still trading as a shell. Some of the same people and companies involved with TWTI (in particular, with the Reg S issue) are involved with CVIA/WOTD. I have little doubt that after the split - at least the way things stand now - this stock is going to pull a deep dive back into the depths of the penny range. It's a pity, since with responsible management, this merger could have been very profitable for everyone involved. Frank