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

To: Milk who wrote (5395)	6/3/1998 2:14:00 PM
From: campe	Read Replies (2) \| Respond to of 6654

I find it hard to believe that the buy at $1.50 was intentional. I bet someone had in a GTC order, they forgot about, that got executed when they lowered the ask. The warrant dividend announcement might have been a good start but it isn't going to attract new investors or support the current price. It does, however, give the current shareholders some perceived "relief". All must remember, the Reg S that will start coming into the float is "bottomless". That means that the holder will get enough shares so as to reach $1,150,000 at 70% of the closing BID after he notifies Jack he is gonna convert. Assuming they'll start as soon as possible, chances are they'll convert at .70 and add a little over 547,000 shares to the float starting June 8th. (1/3 of $1.150M) This will also be experienced again on July 8th and Aug 7th. When all is said and done the float will have gone from 390,000 to over 2MM shares. Why would anyone want to buy CVIA shares before Sept '98? Jack needs to give a reason for folks to throw in new money. I don't think he has a good enough reason and so I support legal action to put an end to this stockholder travesty... From the last 8K... During April, 1998 the company received $1,000,000 net proceeds from a Regulation S private placement offering of $1,150,000 9% convertible debentures with due dates as follows: 1/3 on June 8, 1998, 1/3 on July 8, 1998 and 1/3 on August 7, 1998. The notes are convertible at the option of the holder into common stock of the Company at 70% of the closing bid price of the Common Stock for the (3) consecutive trading days immediately preceding the date of receipt by the Company of the holder's notice of conversion.