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Microcap & Penny Stocks : AREE - Formerly TVSI -- Ignore unavailable to you. Want to Upgrade?

To: Riley G who wrote (2462)	5/6/1998 10:39:00 AM
From: David Sirk	Read Replies (2) \| Respond to of 6528

How high can this puppy go today with out news?

To: Riley G who wrote (2462)	5/6/1998 5:37:00 PM
From: TLWatson59	Read Replies (3) \| Respond to of 6528

Riley today you wrote: "Riley G on May 6 1998 10:37AM EST Steve was only there because of the merger with another company like Planet Sports. Steve bought TVSI, as a shell, and planed to merge it with another company now the merger is done...STEVE IS ALSO A DONE DEAL. His work is finished. Riley G" Could this information from a 10KSB have any relation to the trading volume and supply that seemed to be available today and not hanky panky by the MM's? "One of those interesting pieces of data is the stockholdings of of Stephen E. Cayou and Jeffrey R. Skinner, operating as Liberty Capital. The 10-K reports that, as of March 23, 1998, they hold 24,658,380 shares of TVSI common stock. Now, this wouldn't be all that interesting except that, as part of the reorganization of TVSI, they received at least 46 million shares. Once again, quoting the 10-K, "Liberty was issued 40,000,000 shares of common stock in satisfaction of its $100,000 post petition claim", and "Liberty conveyed this equipment to the Company and forgave back lease payments in the amount of $23,200 in exchange for 4,640,000 shares of common stock." In other words, Liberty Capital got 46 million TVSI shares, but, as of Monday of this week, they only have 25 million shares. So where did the 21 million shares go? Even more interesting, Liberty Capital/Stephen E. Cayou was able to sell those shares on the open market at any time. Again quoting the 10-K, "In both cases, the shares of common stock were issued pursuant to the exemption from registration under the federal securities laws provided by Bankruptcy Code Section 1145 (a)(1) or 1145(a)(2) and were, as such, free trading." In case you have not taken the time to do the math: 40 million shares were acquired by Cayou & Skinner at a cost of $0.0025 or 1/4 penny per share. 4.4 million shares were acquired at a cost of $0.005 or 1/2 cent per share after they gained control of TVSI. Valuing this holding, which is free for trading, at the mid point of today's trading range , approximately $0.045 the profit equaled $1.79 million on the 40 million shares and on the 4.4 million shares it came to $195,000. But we also know in another filing that in March of this year the holdings attributed to Cayou and Skinner were shy some 20 million shares from the original 10KSB filing and showed them still owning 24.7 million shares. This is more than enough to meet the demand of today's trading and still have a few shares left over. If any of those missing shares were somehow sold after the last "good news" announcement then the profit potential on those sales were of the astronomical variety. But these guys would never take advantage of plain investors like that would they?