Raks,
Ive been reading your posts Re: CVI and the appalling situation that management has steered its company (and its shareholders) towards. Global crisis, or not, I believe this is where CVI had been headed for sometime.
There appears no sign of any turn around especially when the world economies are going to continue their falls.
My question is, do you think CVI can turn around their current state with Smyth as leader? If not(and presuming Smyth remains put), then how long do you think it will be before CVI becomes insolvent? I cant be convinced with an ounce of confidence that the company will manage to implement their forecasts for the 'oil venture', diamond mines or any of the take overs they have suggested.
Is it worth me selling my CVI shares at a gross loss or just keep them with the chance of a 'miracle turn around'?
Regards,
Seth
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