CVI 0.00% 0.3¢ cvi energy corporation limited

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  1. 5,526 Posts.
    here's an email

    The placements were all made under the facility we have with Global .

    This facility has been a lifeline for CityView as it enables us to access
    cash instantly over the telephone at a time when the world is suffering a banking crisis .

    I cannot think of anyone else who could have given us money on 24 hours notice with no questions asked . Why did they do it ?
    They really believe that CityView has struck a winner and their
    clients are going to make a fortune

    Whilst we are building our asset base in Angola we are constantly
    having to meet unexpected commitments at short notice . The key is speed . Because we have been so quick in our response , we have been able to get what we want .

    Global have been very good for CityView . They got the $ 100 million
    facilty for the oil permits over Xmas . They got the $ 200 million
    backing for the refinery . They gave us cash over the telephone
    and have distributed the shares over hundreds of individual clients .

    You will be pleased to know that we are coming to the end of our cash facility . I am only permitted to draw down a further 7.5 million shares
    and that is it . They want all future funding after this remnant to be
    institutional funding at 30 cents per share , otherwise none of their
    clients will be making the returns they are demanding .

    We have now got enough assets in CityView to attract the institutions
    so we no longer have to live from hand to mouth

    Am in New York all this week telling the CityView saga to the US institutions

    Regards

    Mark Smyth


    what a dead-set joke lol, full of BS
 
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