ok board member heres the response from my email that i got from our respective IR, Mark Moline..take it FWIW..
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Sonny,
Everything is still on track as last reported in the PR regarding the auditors. Our estimate (which is just that, an estimate) is that they could be completed as soon as early November. They could finish sooner, or later than that, however with the November Trade Summit in Viet Nam my feeling is that they will work very hard to have the audits completed prior.
In my opinion the pps is a supply/demand issue. As a young public company we are challenged with creating exposure to the retail investment community, which is an ongoing task. As we build on our efforts, the stock should find a balance between supply and demand. No one knows at what level that will occur however, and therefore you have ongoing volatility as the market fights to find its price. The ultimate goal of any public relations effort is to create more demand than supply, which according to economic theory leads to rising prices. However stocks are fickle things, and common logic doesn't always prevail.
I know these are vague answers, but all I can tell you is that we are working as hard as we can to bring Cavico to fully-reporting status, at which time many of the fundamental questions will be answered.
Thanks again for your support and thoughtful questions.
Regards,
Mark B. Moline
Cinapsys, Inc.
(760) 458-4899 mobile
(949) 861-6388 eFax
mark@cinapsys.com
www.cinapsys.com
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From: sonnynnos@aol.com [mailto:sonnynnos@aol.com]
Sent: Thursday, September 07, 2006 1:57 PM
To: mark@cinapsys.com
Subject: A BIT CONCERN
good day to you Mark!
As I told you before I am bullish with cavico and I will be adding to my position which exactly what I did tuesday..I am not done and still half way thru to what my goal is but I am a bit concern why pps is down again today...Any particular reason that you know of? I know that today EU approved of Vietnam joining WTO which in my opinion is a good news..Any progress on the GAAP Audit that you can share with shareholder like myself ? I know I am asking too much but can you also give me some estimation when you think the auditing will be done..
Again, as always thank you for taking your time to read and respond to my email and look forward for your answer..
Sonny
Theres sometimes a fine line between goals & greed...
