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Microcap & Penny Stocks : VLVT (was CSMA) -- Ignore unavailable to you. Want to Upgrade?

To: Michael Bunnett who wrote (8018)	7/17/1998 8:14:00 PM
From: Richard L. Williams	Read Replies (1) \| Respond to of 11708

Michael-- You are making serious allegations. You sound like you know what you are talking about. All this makes me nervous, and bears out my misgivings about our little "gem." $50k/mo=$600,000/year. That's 2.5›/sh earnings, not bad to start, but if it is being siphoned off, as you suggest, then it won't do the company or its stockholders a lick of good. I am looking forward to further reports from you. We all need to know the truth about our small and not-so-small investments. Rick

To: Michael Bunnett who wrote (8018)	7/17/1998 8:28:00 PM
From: Gary Jacobs	Respond to of 11708

thieves huh? hmmmm. pretty serious charge for someone with nothing more than circumstantial information. but of course, before you would make that kind of charge you would probably have seen the books right? right? a lot things SEEM to be what they sometimes aren't. i would appreciate very much your approaching this with a bit more care. if there is something here it will be found. but so far all we have is your perception, nothing factual imho. keep digging and share with us facts when you find them. everyone, got your microscopes out yet? gary

To: Michael Bunnett who wrote (8018)	7/17/1998 10:33:00 PM
From: PeterR1700	Respond to of 11708

Michael - re: your post and thoughtful allegations. Would you mind if I e-mailed your post to Mike Millis? His response would be interesting, don't you think? Peter

To: Michael Bunnett who wrote (8018)	7/17/1998 11:05:00 PM
From: TraderGreg	Respond to of 11708

I guess I picked a great day to take a day trip to the beach. I was there with my Air Broker cell phone getting quotes, saw nothing really happening with the stock and figured : "Great, maybe merger news will come out next week." Then I called my broker and she told me that news WAS out. At that precise moment, an epiphany overtook me. Michael, with respect to the lack of rig unavailability, I agree with you. Now, I am not going to call anyone a liar, on advice of counsel, but let me say that I do not believe for one moment, in this age where those camel jockeys are eating sand because oil prices are so low, that they can't find an oil rig to pour that plug. If HK resurrects Jesus Christ, Mohammed, Gandhi and Mother Theresa to confirm the difficulty in finding an available rig, I wouldn't believe them. The reason there is no rig pouring concrete is because THEY AIN'T GOT THE MONEY TO PAY THE RIGGING COMPANY, IMHO, OF COURSE. Now, proceed with me. If you had this well (which is the one "fact" we know to be true), you would, as I have said before, move heaven and earth to get that well up to spec because every week that passes without dumping is lost revenue that cannot be recovered. Yet this company, that is running negative cash flow, doesn't seem to be that concerned with getting the job done. Where I differ from you Michael is that I don't believe it's a skimming operation. To skim requires the ability to close and this company has proven that it can't close any kind of deal, legitimate or not, to date at least. Virtually every SUBSTANTIVE deal that has been released has fallen through. That is why there was no reaction to the news release today. Too many ifs and contingencies still exist. Plus, don't forget my N and 1/Nth rule. This news, released in November/December, would have been taken more positively. I am sure we will soon discover that the oil/gas deals with Pickens will also/have been cancelled. This particular inability to close would suit me just fine, though. Nevertheless, I remain long in this stock. My reasons will be given in the next post. TG

To: Michael Bunnett who wrote (8018)	7/17/1998 11:11:00 PM
From: TraderGreg	Read Replies (1) \| Respond to of 11708

OK, so what we know is that they can't pour the class V because they allegedly can't find an available rig, but no one on this thread really believes that right? They have a terrible track record in closing deals and thus, this news today was ignored/scoffed at/laughed at. (Believe me, I would have to see BUFF shares appear in my account before I ever believe it is for real. A confirmation phone call from Artie Levitt of the SEC and Mary Shapiro of the NASD would help as well.) Hundreds of thousands of dollars of Class V revenue are going down SOME OTHER HOLE and they continue to delay, delay, delay. Nevertheless, I continue to remain long in this stock. Here are my reasons, and they are honest to the point that I make these statements swearing on the lives of my children. I will not swear that the reasons won't change but if they do, you will know. 1. I do not believe this management can ever pull it off in the short run. However, some day, they may, repeat may, become imbued with some phenomenal ability to stumble into success. The most likely scenario of pulling this off is by selling the Class V well or the AdHatters operation or the whole friggin company to industry leaders in those respective fields, e.g., BFI, Waste Management, Proctor & Gamble, etc. At this point in time, that is what I am betting on. A far less likely scenario is that they may acquire the ability to actually pull this off themselves, though at this point I would say they have two chances of doing that...and slim is out of town. 2. Assuming they are half way competent and at least able to consummate the merger with BUFF or some other reporting company someday, they may actually attract some interest from a fund(off shore most likely) that would put some bucks into the company. That infusion would see us take off from our current levels. 3. While waiting for the above to occur, I now must hope that the stock gets further hammered and then I will hold my nose and average down in a big way. If that happens, the pop from 1. or 2. above could bring me back to a break even or slightly profitable position. I will not liquidate NOW betting on this to happen because, for all I know, 1. or 2. could, repeat could, occur BEFORE the stock has a chance to come down to the teen or sub teen level. I would hate to be on the sidelines then. Remember, when there was nothing here, repeat nothing, the stock held in the teens and twenties. 4. My downside risk is minimal here, so I don't believe now is the time to sell. More to the point, my downside risk is actually 0 at this point. And I make that statement for 7, 11 , or 13 reasons...not sure exactly.( The sharp ones among you will know what that last sentence means...CHAPTER and verse). In the meantime, lest there be no misunderstanding here, I must and will treat this stock as the cheapest trollup in a Tijuana, Alongapo, or Saigon bar. I will BTS it, take profits at any point, buy on a major tank or on dips following sells. I have shares from the 30s all the way to $2.12 and have no intention of selling any of those shares at Schedule D losses, so I plan to be around for a long time. TG

To: Michael Bunnett who wrote (8018)	7/18/1998 12:58:00 AM
From: KZAP	Read Replies (1) \| Respond to of 11708

<<<<No wonder there has been no Form 10. No wonder we read today that the Buff deal could have some delays. That was one of the purposes of the press release this morning.>>>> I think the news today was a "Must" do today. A last ditch attempt to show someone something. I don't think it worked. The stock went NOWHERE! If the events that transpired over the last month or so would not have taken place, and certain other things that happened just this week would not have also taken place. CSMA would have bolted out on todays news! JMHO What was these events? Man will this take a while...... No, I won't even attempt at this late hour. Just in short. Things have a way of catching up with you. Sometimes when you least expect it! Like the walls of Jerico came crashing down! KZAP p.s. I think we lost a post Greg. I can't think of which one, but I could have sworn this should have been post #8042

To: Michael Bunnett who wrote (8018)	7/18/1998 5:38:00 AM
From: Steven Durrington	Read Replies (1) \| Respond to of 11708

Michael, Well, at least now we know where some of CSMA's revenue is going to come from - from suing your ass for some of the accusations that you have made. Look, I'm as disappointed as anyone about CSMA's current performance and repeated delays in getting their house in order. But, some of the best lies are wrapped around in shades of truth. I cannot dispute some of your facts about delays and thought some similar things about the financial state of the company (the revenue that is, not about skimming). BUT, when you go and outright accuse company officials of corruption and stealing, you have crossed a line of no return. Some of your suppositions are based on truthful events, but your conclusions are not worth contemplating unless you can back them up with facts. SHOW ME THE MONEY...umm...TRAIL! I, for one, question the sudden appearance of an anonymous entity with hostile intentions who makes some pretty serious allegations. Prove me wrong by all means, but until you do, I cannot support the statements that you have made. Coconino has been the victim of previous shorting, and perhaps during the final weeks of weakness, before the Class V well come on line and adhatters reports even more growth, (remember thread participants gleefully reporting seeing adhatters products popping up all over the place?), someone is trying to get a few last kicks in, before the rebound north happens. Yes, I have my doubts about management's performance, but I also have strong doubts about your intentions. Somewhat wary, Durro