Shareholders kept waiting on the promise of some Caplin report for months.
Valuation by Price Waterhouse Coopers at 40-70c per share
Hard to trace details on international company transactions & shareholders like Global & others
$15M share placement at 22c to UK investment company/broker
Apparent immediate dumping of the same UK investment company shares on market down to 10c
An unknown small recently formed US company offering $1.1B finance called Pensador
$12M share purchase @ US$15 per share from the same unknown US company, this was for 4% of Pensador from my recollection?
Confusing share clawback deals
Pensador listed on the US stock market using a former porn company shell
Prominent Angolans involved, any African connection worries me
Mention of secret company plans in presentation, ie: Item J wasn't it?
Promise of some sort of oil deal with Falcon that never came to anything
Huge numbers of Stock up-rampers & down-rampers on HC
Emails from directors to a select few
Broken promises & extended deadlines by Mark Smyth
Frequant Paid For by CVI positive spin Board Room Radio communications to shareholders
Share placement for Operating expenses just after giving $12M away to Pensador
CVI needing money for Opex when Pensador owes them $1M
Oil refinery purchase commitment for $320M with funding source not confirmed but not Pensador for sure either?
20M share placement for an "introduction fee"
This is just what I can remember reading about here without drilling onto the research here on HC. All of the above has occured in just the last 3-4 months!
Irrespective of your position you have to admit, all things considered, many unusual and unorthodox and unexplained events have occured on CVI stock that just do not happen on any other credible stock.
I don't want to get into a "prove this" and "prove that" forum war with anyone as there are some pretty smart posters here who hold CVI stock who will wipe the floor with me as they have $$$ invested and are probably a lot more up to date at present on CVI than I am. I just want to summarise and point these things amazing events out. Feel free to correct me if I have made any errors. I am not downramping this stock, I have been in and out and sat glued to my screen for weeks only to eventually lose money. I would never re-enter this stock at any time, ever. Please do your own research do not take my advice on investing in CVI, I did not post to tell you how to invest, I just wanted to point out the fascinating CVI recent history and events.
CVI Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held