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Thank you for the PM, sorry it took so long to get back to you, my on and off day job has had me busy all week. that said I am well aware of SI_GN
Was in it when it first got going for a short time. these days I just try to get into plays that are not on the radar as of yet, I did some extensive DD on a company that has been dark for over 10 years but are very much alive and things look like it may start getting some attention after I put out some DD.
I have not been very active on IHUB for a long time so I have no idea what kind of move it will make, but I think it will do well.
do you know of the whereabouts of him?
What's the float?
If only our Viva did this...it may have helped...
http://www.gadling.com/2009/01/26/get-up-close-and-personal-with-the-calendar-girls-of-vivaaerobus/?icid=200100125x1217355105x1201182283
I use to have quite a few shares of Axgi...vivi....rhwa but with the 800 to 1 reverse split in june 2003, 40 to 1 reverse split feb 2007 and now a 30 to 1 reverse split I simply don't have many shares left and as far as value approaching 0.00
The stock and company are a great fresh start to an old name.
featured logo and links on www.EquityDigest.com
I did not know this:
River Hawk Aviation sells Eastern Caribbean Airlines and Viva Air Dominicana S.A. to Southland Holding Corp.
Last Update: 6:01 AM ET May 11, 2007
TRAVERSE CITY, Mich., May 11, 2007 (BUSINESS WIRE) -- River Hawk Aviation, Inc. (Pink Sheets: RHWA)("River Hawk") announced today that it has completed a stock purchase agreement with privately held Southland Holding Corp. ("Southland") that provides for the sale of all of River Hawk's equity interest in its subsidiaries, Puerto Rico based Eastern Caribbean Airlines Corporation and Santo Domingo, Dominican Republic based Viva Air Dominicana, S.A. The agreement provides for the assignment of certain recorded liabilities of the Company, having an aggregate value of approximately $1.25 million, to Southland. Additionally, Southland has assumed any damages awarded against River Hawk in the outstanding litigation matter of Ivan Figueroa versus Eastern Caribbean Airlines Corporation and Viva International, Inc. (predecessor name of River Hawk Aviation, Inc.).
Calvin Humphrey, CEO of River Hawk, stated , "I am pleased to announce that River Hawk has reached a sale agreement of its interest in Eastern Caribbean Airlines and Viva Air Dominicana, which will enable River Hawk to focus on its aviation business and in the process strengthening our balance sheet. Our Board of Directors decided that Eastern Caribbean and Viva Air did not fit the strategic business plan of the Company and negotiations with the Southland group and their predecessors were initiated."
Mr. Humphrey, further stated, "The Southland agreement removes a number of obstacles that were blocking and inhibiting our path to developing our business and access to capital. As such, I expect a renewed sense of urgency and attention to our project; I look to moving this organization forward."
About River Hawk Aviation, Inc.
River Hawk Aviation, Inc., is an aviation parts and components supplier in the aviation industry, currently specializing in Saab and other commuter aircraft parts and components as well as a provider of consulting services, marketing and appraisals to the aviation community. At present, the Company maintains executive offices in Michigan and also has offices and inventory warehousing in San Antonio, Texas.
The Company's plan for future growth and development will focus on the acquisition of aviation-related operating businesses and airlines that display the potential for restructuring into profitable and sustainable aviation-related growth concerns.
Forward Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended ("the Exchange Act"), and as such, may involve risks and uncertainties. Forward-looking statements which are based upon certain assumptions and describe future plans, strategies and expectations, are generally identifiable by the use of words as "believe", "expect", "intend", "anticipate", "project", or other similar expressions. These forward-looking statements relate to, among other things, future performance, and perceived opportunities in the market and statements regarding the Company's mission and vision. The Company's actual results, performance and achievements may differ materially from the results, performance, and achievements expressed or implied in such forward-looking statements. Additional factors that could materially affect these forward-looking statements and/or predictions include, among other things: (1) managing acquisitions and expansion of operations; (2) our ability to obtain necessary financing and to manage existing debt; (3) the risks inherent in the investigation, involvement and acquisition of a new business opportunity; (4) the Company's ability to comply with federal, state and local government and international regulations; and (5) other factors over which we have little or no control. Further information on potential factors that could affect River Hawk Aviation, Inc. is found in the Company's Form 10-K and other documents filed with the U. S. Securities and Exchange Commission.
SOURCE: River Hawk Aviation, Inc.
For River Hawk Aviation, Inc. 18KT.TV,LLC. D/b/a EquityDigest.com Media & Investor Relations: Joseph J. Malone, 786-375-0556 Information@EquityDigest.com www.EquityDigest.com Copyright Business Wire 2007
--------------------------------------------------
~F8
EquityDigest.com - penny stocks to blue chips has a River Hawk logo on its site and did their PR.
Damn so many bad corporate citizens out there nowadays - like Raven Moon. Something like 5 r/s in a little over a year. They just r/s'ed on March 8 4000:1 opened at 40 cents and in just 2 weeks down to .0003 - now thats what I call a tank job. Anyway, GLTA. I doubt if I will be back here.
And how firmly is your tongue planted in your cheek?
Cant wait for the EC Air spin off so I have some more quality shares.
Well............I guess I'm happy!! ~G~
I wont be happy until I have 1 share left from R/S's
Surely you jest. I know "Don't call me ......." ~G~ They're just diluting again.
Sounds like this is going down, again.
Developments? They're still selling shares so Bob can get his paycheck. Same old story.
I did - I was in/out before the r/s under the old ticker. But I still check in from time to time to see if there are any developments but it seems there is not.
Bob Scott should have his CPA license revoked
hardasset stop dreaming and get out while you can.
This stock was always worth zero
OH MY!! Away for a month and raped again.
HARD, Bob Scott has been stringing this scenerio on for 5 or more years. Nothing they say ever happens. He gets his check though!
I think Bob Scott should have an incentive laden contract where he makes .50 a year if he doesn't produce.
Actually, the bum should be in jail for his past.
Obviously a failure so far. I wonder if there is a chance these guys will ever do anything. If they keep losing out and giving away the money they raise in the market then they are either greasing everyones palms or just plain inept as entrepreneurs. Will just keep watching. Maybe.
There have been 2 R/Ses in the last few years. One was 800 to 1 if I recall. This stock really is .0000something or worse.
Anyone know what is happening with this ? I guess its what these guys are trying to do right now.
Viva International Plans to Merge Caribbean Subsidiaries With U.S.-Based Transportation Company
Feb 12, 2007 4:26:00 PM
TRAVERSE CITY, MI -- (MARKET WIRE) -- 02/12/07 -- Viva International, Inc. (Viva) (OTCBB: VIVI) announced this morning that it has issued a letter of intent to Transportation Associates, Inc. (TA) that proposes merging Eastern Caribbean Airlines Corporation (ECA) and Viva's 49% in Viva Air Dominicana S.A. (VAD) with TA. The contemplated merger would then been subsequently spun-out to the shareholders of Viva.
Transportation Associates, Inc. is a holding company specializing in the acquisition and management of trucking companies. Transportation Associates, Inc. has previously estimated the annual revenues of its subsidiaries to be in a range of $15-20 million.
Under the plan, ECA will issue 1 million shares of Series A Convertible Preferred Stock to TA in exchange for all of the Capital Stock owned by its shareholders. The preferred stock will be convertible after 12 months at the rate of 1 share of Series A for twenty shares of common stock of ECA.
As additional consideration under the merger and subsequent spin-off, $1.5 million of liabilities (Viva and subsidiaries) will be absorbed or assigned to the new merger (ECA and subsidiaries).
Upon the effective date of the spin-off, Viva will issue, as a dividend to its shareholders, 100% of the common stock of ECA issued and outstanding at the time of the spin-off, on a pro rata basis. The exact number of shares will be determined at the mutual agreement of the parties prior to the spin-off, but the parties contemplate that a total of approximately 5 million shares of ECA will be issued in the spin-off. Accordingly, qualifying shareholders of Viva will receive approximately 1 share of ECA for each 15 shares of Viva that they own at the effective date.
Calvin Humphrey, Viva's CEO and Chairman, released the following statement: "The need for Viva to plan for the merge of our Caribbean subsidiaries and their subsequent spin-offs is necessary for several reasons. Primarily, it is necessary to be able to properly finance the respective operations of the aviation-related businesses and acquisitions that we have planned for Viva while recognizing that it would be easier for our Caribbean-based subsidiaries to be financed as part of a respective merger with an entity such as Transportation Associates. Secondly, as we go forward it is becoming apparent that with the focus of our efforts being toward aviation-related businesses like River Hawk Aviation and Flight Test Associates that our management team does not have sufficient time available to devote to the Caribbean airline subsidiaries. Accordingly, the time to address what is best for both organizations, as well as our shareholders, is now and I believe that our plan provides the opportunity to accomplish this."
About Viva
Recently Viva International, Inc. (Viva) agreed to purchase of the assets of River Hawk Aviation, Inc. (River Hawk). Prior to this, Viva was primarily dedicated to the formation and development of airlines along with the acquisition of aviation-related operating businesses and airlines that displayed potential for restructuring into profitable and sustainable aviation-related growth concerns. The Company's primary involvement was with two developmental-stage carriers in regional markets from hubs in Puerto Rico and Santo Domingo, Dominican Republic. Our hub in Puerto Rico was maintained through our subsidiary Eastern Caribbean Airlines Corporation and our hub in the Dominican Republic was maintained by Viva Air Dominicana, S.A. Each of these companies remain as subsidiaries of the Company and are being evaluated to determine the best course of action to return them to active operations.
The Company has now expanded its focus to also participate as an aviation parts and components supplier in the broader aviation industry, currently specializing in Saab and other commuter aircraft parts and components as well as a provider of consulting services, marketing and appraisals to the aviation community. At present, the Company maintains executive offices in Michigan.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended ("the Exchange Act"), and as such, may involve risks and uncertainties. Forward-looking statements which are based upon certain assumptions and describe future plans, strategies and expectations, are generally identifiable by the use of words as "believe," "expect," "intend," "anticipate," "project," or other similar expressions. These forward-looking statements relate to, among other things, future performance, and perceived opportunities in the market and statements regarding the Company's mission and vision. The Company's actual results, performance and achievements may differ materially from the results, performance, and achievements expressed or implied in such forward-looking statements. Additional factors that could materially affect these forward-looking statements and/or predictions include, among other things: (1) managing acquisitions and expansion of operations; (2) our ability to obtain necessary financing and to manage existing debt; (3) the risks inherent in the investigation, involvement and acquisition of a new business opportunity; (4) our ability to successfully complete financing and due diligence under the River Hawk Asset Purchase Agreement; (5) the Company's ability to comply with federal, state and local government and international regulations; and (6) other factors over which we have little or no control. Further information on potential factors that could affect Viva International, Inc. is found in the Company's Form 10-K and other documents filed with the U.S. Securities and Exchange Commission.
Contact
Viva International, Inc.
(231) 932-7490
About 2.5 cents - the opening price the day of the r/s was $1 and has since declined to 55 cents.
Volume is gone. No interest at these higher levels. Anyone know the pre R/S-R/S price?
If nobody buys this crap their plans for dilution won't work. No dilution, no company.
Where are all the VIVA hypesters? Dissappointed with another R/S and subsequent plunge? This will go to .05 again and ANOTHER R/S will occur.
BS did it again! How long to the next one!
E/S will never work - watch the price drop
to low teens!
...huh...what...oh, sorry, I wasn't paying attention...
Has this been halted or is there no interest in this stock?
Some of us have been here a while ...
http://www.investorshub.com/boards/read_msg.asp?message_id=30094
Just scrap pieces.
Does Riverhawk have the 747s and Saabs.....????
2 QUESTIONS!!!! will they issue my VOXX dividend? Have the 747s arrived??????????????????
weeeeeeeeeeeeeeeeeeeeeeeee
O/S under 2 millions now.
75-76 millions.
what was the O/S before the R/S?
Will be ugly!!
Still a lot of shares to dump! See for yourself in a few hours!!!
Anybody STILL holding shares to dump? I thought everyone bailed long ago.
Too friggin funny! Bob Scott is the master! ANOTHER reverse and name change? The scam can stay alive another year until the process repeats itself.
And yet the government never arrests that criminal, Bob Scott.
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