up 50% on acquisition of velvogen news, page-10

Mr Asia... the negativity lays in the 'gonna' statements.

The deal isn't done. CVI have made hundreds of such announcements on the way from 39c to where we are now.

If you had read anything over the last couple of years, you'd realise CVI have a habit of releasing wonderful 'gonna' announcements then never following through.

Here is the basis of any negativity, as highlighted by Raks before:

"Acquisition of Velvogen"

"On July 13, 2009 CityView Corporation Limited (“CityView”) ASX:CVI, OTCBB:CTVWF announced that it was planning to acquire a net 18.325% interest in a South African coal fines company which is constructing two coal briquetting plants. After carrying out extensive due diligence CityView has determined that it would be more commercially attractive to acquire control of a smaller operation rather than hold a minority stake in a larger enterprise. Accordingly CityView has terminated the previous arrangements.
A new agreement has been entered into, which is subject to certain provisions and due diligence: the key terms are as follows:"-

NOTHING is done yet. Absolutely nothing. The announcement title is misleading. It should read "Plan to maybe, one day, when pigs fly, acquire Velvogen"