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

To: David E. Meyer who wrote (10557)	1/17/1999 9:04:00 PM
From: Bootz	Respond to of 11708

David, No. Under Market Value there was N/A, for not available, but this is only to be expected at this early stage. Both companies will have to submit financials before a brokerage firm or MM will be able to work up a bid and ask on them. This won't happen overnight, but that doesn't mean there is anything necessarily sinister about the delay, either. Some things take time and this is one of them. Given their emerging status (or rather the timing of same) and the new NASDAQ rules, I assume there's a good chance they will turn up on the pink sheets. David Smith or Trader Greg might be able to elucidate this particular point. In any event, the fact that the shares are now being distributed has to be viewed as a positive. Let's say you had 2500 shares of CSMA. You will soon have 417 shares of Ad Hatters and 357 shares of Envirotech (or vice versa), along with your original 2500 shares of CSMA. Rounded off, 417 + 357 = 775, giving you a total of 3275 shares of something, the individual, or collective, value of all the parts not yet being known. That's a 30% increase in the number of total shares, however, which, at least to my way of thinking, is a far different creature than a reverse split. You now own shares in three companies, in other words, instead of one. No one has a clue as to what either will open at, but they certainly can't open at a negative value. Given all that's happened, I'm perfectly content to wait and see what the future brings with these two offsprings. But I can afford to do that. Those who can't should take David Smith up on his offer. There's also the possibility that there's a huge irony lurking in the wings here. If this comes off, if owners of CSMA eventually significantly profit from the two spinoffs, the shell still has life. It could advertize itself as something along the lines of SHAL, a company which does nothing but develop spinoffs. Wouldn't that be a trip? As I said, I can afford to wait and watch, having long ago written the experience off. Others may not be in the same position, so I'm certainly not advocating that anyone else adopt my approach. All I know is that I saw the cowboy hats in Wal-Mart and it doesn't take a rocket scientist to realize that Wal-Mart is an awfully huge market -- whether you're selling underwear, blue jeans, or air fresheners, even if the latter is going for only $3 a pop. Everyone should do what they think best. My shares are still long -- if only out of sheer curiousity at this point. Bootz