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

To: campe who wrote (4660)	5/8/1998 3:19:00 PM
From: Milk	Read Replies (4) \| Respond to of 6654

Hi GJC, This is what we all heard after the first Reg. S placement was made: Corporate Vision, Inc. also announced they have received $500,000 to participate in the purchase of the first acquisition for the post-merger company WOTD. This amount includes CVI's commitment to provide operational expenses under the merger agreement. Corporate Vision indicated this funding was obtained through a Regulation S offering. However, negotiations are underway to have private long-term investors buy out the debenture holders' interests, and CVI does not believe this type of financing will be necessary again. Corporate Vision interim CEO Jack Arnold said, "In order to accomplish our goal of rapidly launching this new program, we determined this method of funding was our only available alternative for this first acquisition. Capitalization of this nature was our least desired option, but it will expedite the process of bringing long-term value back to CVIA." Mr. Arnold continued saying, "In order to finance additional near-term acquisitions, we are seeking to increase the number of authorized shares to 150 Million. In regard to long-term growth, we have made positive contact with a number of private entities interested in investing in WOTD beyond this first step." I am now wondering, do they really have any private entities ready to invest in them? What was this placement made for - to acquire WOTD? I need answers. I personally think this new Reg. S is a very bad indication. Milk