To: Michael Graham who wrote (5276 ) 5/31/1998 3:09:00 PM From: Novice Bob Read Replies (1) | Respond to of 6654
Jack told me the other day we are better off because CVIA now has the chance to have real value. Go Figure, we went from $0.02 to $0.004, unless my math is wrong, every $1000.00 is now worth $200.00, and we have been set up for massive dilution, (much more than we have already experienced). I spoke to Jack about our concerns. I told him about how it appeared that every company Mr. Charles had dealt with ahd lost share value through dilution techniques against the shareholders. I was told everything would be fine, Mr. Charles has everything in place. Unfortunately, it appears that what Mr. Charles has in mind is taking control CVIA's shell, legally stealing it from the CVIA shareholders. At one time, the CVIA shareholders owned CVIA, I do not think that is the case currently, and it certainly will not be the case in the near future. I work in the investment business, Here is an real case example that just happened within our company. Bought a building for $275,000 10/1/94, lease expired 9/30/97, re-leased the building. Building just appraised for $1,450,000; bank just approved new financing for $1.1 mil. Now the point: How can you buy a building for $32 psf and pull $129.00 PSF out in bank financing. Real Simple! The building generates cash flow, and you obtain financing based on the cash flow, that is how it works. How does this apply to CVIA? CVIA is an empty shell, and according to Jack it has no value (forget about all the money they just used CVIA to generate). That is TOTAL BS . 1) CVIA allowed Mr. Charles to do two Reg. S's generating about $1.5 million in cash, in very short order (HUGE VALUE) . That is right Mr. Charles, it is now clear to me that Mr. Arnold knows nothing about the tricks of the trade regarding a public company, where as Mr. Charles is very experienced, Jack is not driving the Bus! ) 2) CVIA is a clean shell actively trading, saving WOTD tremendous time and money in the process of going public (call a company like EUTRO and ask them what their fee is to take a company public and what the time table would be... (HUGE HUGE VALUE) 3) CVIA was reverse split allowing the stock printing presses to start rolling again (HUGE VALUE) All at the CVIA shareholders expense. This is the biggest scam and screwing of shareholders I have every seen or heard of PEROID ! My check to the Attorney is in the mail, I want to be part of a group that sends a message to CEO's and other people that are trying to rip off Investors that we will not roll over. Go to the SI Dog House thread and read post 22497 by Rande Is... Pay attention to points 1, 5, 7, 8, and 10, sound familiar. Remember my post on Reg. S, and the enforcement actions by the SEC. It is better to Give than Receive (so I have always been told), it is time we start giving rather than receiving. Robert This is just my opinion, I am sure other people feel differently and I am always open to listening to other people's opinions.