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

To: Ditchdigger who wrote (2601)	5/10/1998 7:59:00 PM
From: LPasko	Read Replies (2) \| Respond to of 6528

TO ALL: I have been away from this board for a while, but I still hold 20,000 shares; all the shares I ever bought. For what it's worth, I do think Mr. Raabe would like to create value in this company. He has every incentive to do that. My concern is that we have way too many shares outstanding--I'm not sure if it's 150 million or 180 million, but it's somewhere in that range. Even at 3 cents a share, we're giving this company a $5 million valuation. If this company were put up for public auction now, would anyone here bid $5 million? Doubtful. So we are banking on the ability of Mr. Raabe to create value here. This is not impossible; this is also not easy. This company plans to grow by acquisitions. What usually happens is that the owners of smallish private companies are approached, and offered shares in a public company (here, Travis) for ownership of their private company. Very often, the founders will stay on permanently or for a reasonable period after such a transaction. After all, the stock they just received is usually restricted, and their only hope that they will see value to it is if the parent company--Travis--thrives. The first acquisition is of CRUCIAL importance because that will be the flagship for all future little companies who wish to join the flotilla. To acquire these companies, even MORE shares than are outstanding now will likely be issued, unless Mr. Raabe and his associates are holding a "block" of shares they can transfer over for this purpose. I think we will eventually have to see a reverse split; this type of reversal has gotten a bad reputation, but it CAN WORK SO LONG AS NO ONE PANICS. A reverse split allows for earnings to show, and in no way changes the company's fundamentals. Shareholders here will be best served by supporting management in their efforts to grow value here; offer ideas if you have them--no one has a monopoly on good ideas. I'd like to hear the company's plans from Mr. Raabe but that may take a while. Also, given the fact that if he misses his projections by a penny, complaints will flood in to the SEC, I can understand why he would be gun shy and cautious. Wouldn't you be? Building a company is a process. True value isn't built in one day and day to day price action is irrelevant. Mr Cayou has left. Mr. Raabe is now fully in charge. Let's give him a chance--he has more than enough incentive to see that we all prosper.