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Goldie, just one more question, your alias was born on June 15th AFTER the suspension. You have eight posts that all question the integrity of the company and general distrust from the way I read your messages.
Why did you appear? As if you do own shares more than likely you own them at less than $1.74 (I think wallstreetman, maniac79, bborden and LAKing are the only others I know of that entered over a year ago when the share price was over $2.00, I paid $2.50 for my first block of 10,000 shares or 25K) and your bitching a bit more than anyone else...
So really, why are you here?
TIA
Hey Goldie, how about these...
Tue, Jul 11, 2006
• Cavico Corporation Begins Inlet Tunnel Excavation on the $333 Million Dong Nai 4 Hydropower Project
Marketwire (Tue, Jul 11)
Tue, Jul 18, 2006
• Cavico Corporation Begins Construction of USD $211 Million SEREPOK 3 Hydropower Project
Marketwire (Tue, Jul 18)
Wed, Jul 26, 2006
• Cavico Corporation Signs US $16.625 Million Bank Loan Agreement for Construction Financing of Chien Ngan City Urban Project
Marketwire (Wed, Jul 26)
Mon, Jul 31, 2006
• Cavico Corporation to Begin Tunnel Works Excavation for USD $24 Million Nam Chien Hydropower Company Project
Marketwire (Mon, Jul 31)
Wed, Aug 2, 2006
• Cavico Corp Provides Forward Guidance to Investment Community, With Revenues for FY2006 to Exceed $80 Million and $130 Million Projected for FY2007
Marketwire (Wed, Aug 2)
Fri, Aug 4, 2006
• US $375 Million in Funding for Dong Nai 3 and Dong Nai 4 Hydropower Complex Completed
Marketwire (Fri, Aug 4)
• Cavico Corp Signs New Contract to Begin Service Road Work on the USD $168 Million ALuoi Hydropower Plant Project
Marketwire (Fri, Aug 11)
Here is the Press Release on the 500 million backlog, seems to be pretty specific. I believe YOU HAVE AN AGENDA!!!
Press Release Source: Cavico Corporation
Cavico Corp Reports US $500 Million Backlog, Company Reviews Active Projects and Historical Revenues
Wednesday August 16, 2006 6:30 am ET
LOS ANGELES, CA and HANOI, VIETNAM--(MARKET WIRE)--Aug 16, 2006 -- Cavico Corporation (Other OTC:CVCP.PK - News), a Vietnamese company working in the fields of infrastructure development, including the construction of hydropower facilities, dams, bridges, roads, mines and urban buildings throughout Viet Nam and the Pacific Rim, has reviewed historical revenues and backlogged projects in order to present the following update to its shareholders.
ADVERTISEMENT
Cavico, which is perhaps the only pure play available to US investors on Viet Nam's rapidly growing infrastructure development, was founded in 2000 as a construction and engineering firm specializing in large scale infrastructure and urban development projects. Merrill Lynch has stated that, "Vietnam will be the fastest-growing Asian country in the next 10 years..." and that, "Vietnamese shares were a 10-year buy on the strength of recent policy changes."
Cavico's first year revenues were US$ 2.8 million (un-audited), and have grown strongly since inception. Un-audited revenues for 2005 were US$ 45 million. The Company has projected to grow 2006 revenues conservatively to US$ 70 million and forecasted US$ 130 million for 2007. Cavico earned US$ 1 million (un-audited) in 2005, expects income to grow to US$ 7 million in 2006 and US$ 14.3 million in 2007. Cavico is cash flow positive, with current assets totaling over US$ 64 million. Current shares issued and outstanding are 93,142,282.
According to Timothy Pham, Executive Vice President and Secretary for Cavico, "We are working very hard to get our financial statements audited under US GAAP. This is extremely important and we are focused on the task at hand." He added, "As stated in a previous release, Cavico's goal is to have this process completed in the next few months and then apply to list our shares on a senior exchange. This should give us the ability to attract longer term interest in Cavico and enable us to fully capitalize on our status as a US public company."
Cavico estimates that its current backlog of infrastructure projects is approximately US$ 500 million. The backlog is forecasted through 2009. "Viet Nam's infrastructure construction boom continues to positively effect Cavico's operations," stated Mr. Son D Pham, Chief of Cavico's Planning and Marketing Department. An August 12th, Boston Globe article stated that, "Hanoi has plans to spend an estimated US$ 115 billion on infrastructure over the next five years," and "The government also has a stated plan to attract US$ 25 billion in direct foreign investment over the next five years, and investors poured $5.8 billion into Vietnam last year alone, helping the economy grow 8.5 percent and making it one of Asia's hottest, according to the Asian Development Bank."
Cavico, as the largest non-state owned construction company in Viet Nam, should benefit greatly from spending directed toward infrastructure development. Over the past several months Cavico has announced the following projects (beginning with the most recent):
-- August 11 - Signed a new contract to begin work on the US$ 168 million
ALuoi Hydropower Plant project. Cavico has been sub-contracted to build
the service roads for the project. ALuoi is an important contract for
Cavico, as it opens the door for the company to secure a larger role as a
main contractor as the project matures;
-- August 7 - Cavico completed initial boring for the Dai Ninh Hydropower
project tunnel. Cavico uses a state-of-the-art Tunnel Boring Machine
(TBM), in fact it is the only one of its kind in Asia. This machine,
coupled with Cavico's engineering expertise has made Cavico the 'go to'
firm for tunnel construction throughout Viet Nam. The company is actively
pursuing opportunities in other Asia Pacific countries as well;
-- July 31 - Signed the US$ 24 million Nam Chien Hydropower contract.
Cavico has been contracted to complete the tunnel works on this project,
which involves the Song Da Corporation, Petrol Vietnam and others;
-- July 26 - Signed a US$ 16.625 million dollar bank loan with the Son La
branch of the Viet Nam Development Bank to begin development of the Chien
Ngan City urban project. This is an important urban works project for
Cavico, which demonstrates their expertise across multiple disciplines;
-- July 24 - Cavico completed the US$ 20 million Ban Ve underground
tunnel project two months ahead of schedule. This was one of Electricity
of Vietnam's (EVN) main projects, in which Cavico was able to deliver ahead
of schedule;
-- July 18 - Secures US$ 54 million contract for its 37 percent owned
VINAVICO member company, on the US$ 211 million SEREPOK 3 hydropower
project;
-- July 11 - Signs US$ 26 million contract to begin tunnel inlet
excavation for the Dong Nai 4 hydropower project. Cavico is the lead
contractor for tunnel works on this project;
-- June 27 - The Hai Van Tunnel project received the United States Global
Technique Awards Association's highest honor. The Association had deemed
the project one of the 24 most outstanding structural accomplishments
existing in the world today;
-- June 14 - Cavico signs US$ 4.3 million economic contract to provide
construction service and supply equipment for the tunnel works, power
waterways, intakes, tunnel access, surge tanks and other works for the
Dasiat hydropower project;
-- June 1 - Cavico begins construction of the US$ 43 million dollar Van
Chan hydropower project. Cavico was the main investor and a major
contractor for this project;
-- May 25 - Cavico begins Song Tranh 2 bridge project. This US$ 1.26
million dollar project is slated for completion in December of 2006.
Timothy Pham added, "With Viet Nam's economy growing at 8-9 percent GDP year over year, we feel comfortable with our projected and forecasted numbers going forward. We continue to be presented with new opportunities within Viet Nam, and we are aggressively pursing opportunities elsewhere in the Asia Pacific region. If things continue on the same track our numbers may prove to be highly conservative."
For more information about Cavico, please refer to the company's website at: http://www.cavicocorp.com.
About Cavico Corporation
Cavico (www.cavicocorp.com), founded in 2000, is a major infrastructure construction, infrastructure investment, and natural resources conglomerate headquartered in Hanoi, Vietnam. The company is highly respected for its core competency in the construction of mission-critical infrastructure including hydroelectric plants, highways, bridges, tunnels, and urban community developments. One of the company's primary competitive advantages is its ability to nurture a project "from concept through completion" with a vertical portfolio of interrelated investment, permitting, design, construction management, and facility maintenance services. Cavico's project partners often include top multi-national corporations as well as government organizations. The company currently employs more than 3,000 people.
Vietnam's transition to a market economy has generated rapid economic growth. The country's impending ascension to the World Trade Organization is likely to provide an additional boost to economic growth and a further acceleration in the country's current infrastructure construction boom. The aggressive development of Vietnam's energy, transportation, and urban infrastructure is absolutely essential to the country's ability to compete internationally, and this aggressive build-out is creating huge growth opportunities for infrastructure construction companies such as Cavico.
silent, may I ask where are getting your information? I find the details a bit alarming as non of what you posted has ever been stated by the company or their IR, Hawk.
I must say that I completely disagree with your outlook and can't understand how you can ask what do they do. As whatever it is they do, they have contracts in place to do 500 million dollars worth of it for the next few years.
Are you hoping to get cheap shares? This thing is not going to flounder on the open after suspension and re-listing on the OTCBB. Making the move to that exchange puts them one step closer to a NASDAQ type listing, does it not?
How do numbers NOT look good, according to who? The company projected or gave guidance of approximately 80 million in revenue for 2006 and 130 million for 2007, I am going to continue to go with the information publicly stated by the company and ask you again to provide some back up to what you post, as it seems much more like an opinion otherwise.
Actually they will have financials out, take the next step towards a senior exchange and be off the Pinks, this is NOT good in your opinion?
Read the news again, it's good.
Shares remain valid - thank goodness!
Dear Mr. G,
According our attorney who assists in completing Form 10 the nature of
the current shares such as class and number of shares will not be
affected.
Thank you for writing to us.
the shares of all
Timothy Pham
Cavico Corp
17011 Beach Blvd., Suite 1230
Huntington Beach, CA 92647
Tel: 714-843-5456; Fax: 714-843-5451
Efax: 1-270-897-0243
www.cavicocorp.com
Sichenzia Ross Friedman Ference LLP Ranked Number One
Sichenzia Ross Friedman Ference LLP Ranked Number One as Legal Counsel to Public Companies for Three Consecutive Years. NEW YORK, April 9, 2007 (PRIME NEWSWIRE) -- Sichenzia Ross Friedman Ference LLP (www.srff.com) is once again ranked the most active PIPE issuer law firm year-to-date in 2007, making it No. 1 for the 36th consecutive month. This comes on the heels of the firm's ranking as the most active PIPE issuer law firm in both 2005 and 2006. As of March 31, the firm has been credited with representing 13 issuers in over $120 million of PIPEs transactions, averaging $9.24 million per transaction. For the same period last year the firm represented 19 issuers in over $73 million of PIPEs transactions, averaging $4.0 million per transaction. While the actual number of transactions is fewer, the total dollars advised has increased by over 50%. While the average transaction size has increased Almost 250%. "We continue to see strong growth in the PIPEs market in part because larger companies are seeking financing in this area," said Gregory Sichenzia founding Partner of Sichenzia Ross Friedman Ference LLP. "Additionally, we have been able to clarify the issues that the SEC has raised concerning these financings and do not view them as an impediment to the future of the PIPEs market. Our firm has capitalized on the trend towards larger PIPE deals by increasing our average deal size by more than 250%. Still, even with the larger PIPE deals, our firm remains dedicated to helping micro-cap companies raise the funding they need and we continue to provide clients of all sizes with the high level of service they have come to expect of us." Sichenzia Ross Friedman Ference LLP (SRFF) provides experienced, professional representation in all matters involving the securities industry, as well as in all general corporate and litigation matters. SRFF's clients range from start-ups to established, listed companies. They include private and public corporations, partnerships, broker-dealers, bank-affiliated broker-dealers, investment advisors, registered personnel, public and corporate customers and investors, partnerships and other entities. SRFF also advises institutional investors on transactions involving complex securities law considerations. The firm's practice includes the representation of clients located in the United States and throughout the world, including Argentina, Austria, Australia, Canada, China, Germany, Hungary, Israel, Korea, Malaysia, Mexico, Switzerland and the United Kingdom. For more information, visit www.srff.com. For interview and media requests, contact Avalanche Strategic Communications at 201-488-0049. NEWS. OH
Courtesy of OldHerder from Raging Bull
Hey Guys and Gals, I happen to be at the Infocomm show in Anaheim this week and wanted to share some interesting information.
I work in the professional audio business as an OEM supplier of components. Yesterday I met with several clients and potential clients and was very surprised to hear, several times...
"This project will be build in either China, Indonesia or VIETNAM" Not once mind you, several times.
I have been working in this industry for over 25 years and this is the FIRST TIME EVER to hear Vietnam mentioned as a potential location to have turnkey audio products built. Offshore used to mean China, Malaysia, Singapore, Hong Kong, Korea, etc. never, until this point was Vietnam ever mentioned as a potential site for a business partner or contract OEM manufacturer.
I was extremely happy to hear this and wanted to share with other investors that it seems the country on a whole has moved to a more acceptable status.
GLTA
Thanks Freewash. However I see a very different scenario unfolding. By the company taking immediate action to clear up this 8 year old paperwork trail, they are in fact keeping in compliance for the future listing on a senior exchange.
In other words, imo we will NOT fall back but forge ahead in anticipation of the long awaited GAAP Audit.
I see an open in the range we were halted at and then blast right through the two dollar mark and never look back.
The company either needs to do a reverse split or get their share price up to a minimum of $5.00 for a NASDAQ listing. They could move to AMEX at $3.00 but I think that would be a waste of time and money.
I believe when the audited numbers come in a reverse split will not be required, numbers speak louder than words.
Next stop is the OTCBB and then a NASDAQ application should be in order.
IMVHO anyone thinking that they will scoop up cheap shares is either in denial or have their own individual pipe dream.
This dog CAN hunt!
Regardless of the audit being released before June 30th, this thing is poised to "BLOW".
500 MILLION in contracts through the next three years already in hand, signed, done and in progress and preparation.
The FIRST Vietnemese public company that will be listed on a SENIOR EXCHANGE and get their five minutes on "Squak Box" not to mention every single financial news network and maybe even the standard broadcast circuit.
By the company taking immediate action to clear up an obvious eight year old oversight issue that was not uncovered during discovery shows their commitment and dedication to not derail the progress and the time lines of moving forward.
Money is and will continue to pour into this new WTO memebers territory, and as the expansion continues, so does the need for infrastructure.
You do not need a crystal ball to see the long term outcome for this companys. Just time and patience, oh and a few shares to watch grow in value.
This is of course my observation and opinion. Had I not been in a position of having over 300K stuck in another investment, that too would be invested here. Only holding 30K shares and started buying my first 10K at $2.50 with the same outlook I have today, this company is a potential 800 pound Gorilla in the years to come.
GLTA
skeen, this stock was never in the low pennies. I think it fell as low as .35 or .38 and that was a one day event. This stock price was $2.70's a year ago after I entered at $2.50.
Are you sure you bought the right symbol?
Think Willy was wize in selling, only time will tell. I'm glad Willy made money and I hope everyone has the opportunity to do the same and know when to sell and take their profits off of the table.
People just have different goals and expectations.
I'm comfortable sitting back and watching this unfold, there is a heck of a story here that's for sure.
GLTA
King, mine aren't available at $3.00, I set a minimum of $7.50
As I entered at $2.50 and was looking for a triple, it's just my plan from June of 2006 and I'm stickin' with it.
Nothing worth having ever comes easy, boy isn't that the truth!
They are still going to be suspended until June 30th
By: 98point6NY Send PM Profile Ignore Add To Favorites
Posted as a reply to msg 1239 by bborden
Re: WE ARE HALTED!!!!!! AND NOT FOR PENDING NEWS....
Thanks for the information, I do not recall that name.
Yes, I agree, what better way to get some breathing room as a two week window.
Now, come out of suspension, announce a string of PR's (we're back, another contract) and finish it off with Audited GAAP numbers that provide at least the company is still if not more profitable than in the past and the future should be strong and steady in my very honest opinion.
GLTA
We are halted and we were Laminaire, unfortunately...
By: bborden Send PM Profile Ignore Recommend Add To Favorites
Posted as a reply to msg 1236 by 98point6NY
Re: WE ARE HALTED!!!!!! AND NOT FOR PENDING NEWS....
Good find. Laminaire has always been the name associated with the Symbol CVCP ever since I started researching this stock.
What is strange about the SEC halt is that there hasn't been any filings since 2000 so why would they halt now.
Maybe this will get CVCP management to get these filings done.
http://www.nasdaq.com/asp/quotes_sec.asp?mode=&kind=&symbol=hls&symbol=&symbol=CVCP&...
read the link I provided, due to nnot filing required docs with the SEC, two week suspension and a word of caution to all investors.
Now that's not the NEWS I was looking forward to.
Yeeeeeesh!
LAMINAIRE IS LISTED ON THE SEC DOCUMENT AKA CVCP?
I'M LOST AT THE MOMENT, BUT WE ARE HALTED UNTIL JUNE 26TH ACCORDING TO THIS DOCUMENT
http://www.sec.gov/litigation/suspensions/2007/34-55902.pdf
WHAT WAS THE NAME OF THE SHELL CVCP BACKED INTO?
AS A LINK PROVIDED BY MY FRIEND MANIAC79 ON RAGING BULL WE HAVE BEEN HALTED DUE TO FAILURE TO FILE REQUIRED DOCUMENTS WITH THE SEC.
http://www.sec.gov/litigation/suspensions/2007/34-55902.pdf
THE NAME USED I AM NOT FAMILIAR WITH, ANYONE???????
With all due respect, are you the King of the Court, as I am NOT your or anyones Jester my friend.
I'm jest another shareholder who insists on the truth.
Truth is, I know more than ALL of you, but jest can't say.
NDA
Willy, this is you correct?
Posted by: willy1015
In reply to: 98point6NY who wrote msg# 3073 Date:6/7/2007 10:30:40 AM
Post #of 3135
Took my profits at 1.60
In this market take your profits when you get them. Do not listen to all the hype!
* Now you have the nerve to say you sold a minor percentage @ $1.60 but the lion's share in the $1.90's, please spare us the drama.
Then today you want to reassure yourself you did the right thing bailing at $1.60 while the stock sits at $1.76.
Do me a big favor, never be a witness for me at a trial. LOL
King, did you see the MM's try to shake this thing, 2X now today, at the open and about 5 minutes ago.
Gotta love it!
Dear Willy, I think you feel Silly. You closed your position last week as you stated in your email, now you sold a small portion but cashed out at $1.95 I'll assume (you know the breakdown of ass u me, correct)
Good luck on the Moon Shot!
See Willy, stay the course. Up 15% from when you sold. Doesn't mean you didn't do a good job taking profits. It's just other people may be in at a higher price or are willing to take the greater risk for a greater potential reward. It's called Greed and what feeds the markets and the frenzys! imo
I paid $2.50 a year ago, so 1.69 doesn't work for me. You did sell right Willy, let others choose when to buy and sell their own shares.
Are you sorry now you sold at 1.60? It's not going back to .50 so sit on the sidelines and watch or buy back in while the price is still under $10.00
Up to you as it is for each of us, yes?
IMO, News next week (not necessarily the final audit, but NEWS) and we kiss $2.00, sweetly.....
Good Job Willy, no one can say you left your profits on the table. I have been here about a year and will certainly wait to see the audit.
IMVHO, the numbers should be solid with business booked though 2012 to the tune of almost 600M that we know about. Remember, there are multiple subsideries as well as venture capital investments in progress on the part of the company.
Hydro-Electric facility owned and operated to come as well Cavico Towers not to mention the Cement Factory.
At a dollar and fifty cents I find this company's shares to be under-valued based on confirmed pipeline load, again imo.
Good Luck to you and all!
Moving up steady in anticipation of GAAP Audit. This should be one heck of a ride. I'm in since $2.50 last year and added/traded during the swings.
Could be a "Monster" if handled properly.
Can't wait to see them "Ring the Bell" on Wall Street.
Get 'em while they're still cheap my friends. Well aware of the missed time lines, however have not seen any retractions or corrections of PR's that state in excess of 500 Million in contracts already booked for the next five years. Once major money comes in, watch out it's going to be fast and furious trading of this little gem. Of course this is all in my personal and honest opinion.
GLTA
Thank you for sharing the email from Hawk and best of luck with your investment! LOL!
Cavico Signs New Contract Totaling US $1.1M for Additional Construction Work on the Daksrong Hydropower Project
Market Wire - May 30, 2007 9:30 AM ET
Related Quotes
Symbol Last Chg
CVCP Trade 1.26 0.00
Quotes delayed at least 15 minutes
Cavico Corporation (PINKSHEETS: CVCP) announced today its two subsidiaries, Energy Construction Joint Stock Company and Cavico Mining & Construction Company, have signed an additional contract to execute further construction work on the Daksrong Hydropower plant project. The works include: Package number 18 to build the power plant, spillway, and 110KV Power Station. The total value of the project is estimated at US $1.1M and will be completed within 12 months.
This is the third package that has been assigned for this joint venture. Two previous packages (15 & 16) were signed with a total value of US $3.5 million. The Daksrong Hydropower plant is owned by the Daksrong Joint Stock Company. The plant will have 18MW of capacity upon completion and a total investment value estimated at US $20M. The plant is located at Kong Chro village, Gia Lai province, 50 miles from Pleiku City.
At present, all the preparation works have been evaluated and processed by the mentioned subsidiaries. Cavico expects to deliver this project within the delineated timelines to the project's owner, Daksrong Joint Stock Company.
Cavico Corporation is a Vietnamese company working in the fields of infrastructure development, including the construction of hydropower facilities, dams, bridges, roads, mines and urban buildings throughout Vietnam and the Pacific Rim. Its subsidiary Cavico Mining & Construction Company is currently listed on the Ho Chi Minh Stock Market under the symbol MCV. For more information about Cavico, please refer to the company's website at: http://www.cavicocorp.com.
About Cavico Corporation
Does anyone know the current outstanding shares and float? I love what these guys and gals are doing, just seems to be billions and billions of shares outas of today.
TIA & GLTA
Keith