Rocketeer
The IR firm hired by CAVICO got 1 million shares to answer the phone and a few emails for us (see disclosure below). At today's prices that is a half a million bucks for one years worth of effort! I have no idea what Hawk Associates got paid but, based on past experience with Hawk, I would guess between 50-100,000 shares.
"Disclosure:
Cinapsys, Inc. has signed a 12 month PR/IR contract with Cavico Corporation for 1 million shares of Rule 144 stock. As of June 2006, the Rule 144 stock was restricted for 12 months."
Who knows the fate of the other "insider shares". We don't know who owns them, if they are trading them (which I suppose they are) and how many shares are out there. I know their website and the iBox claim 93,142,000 issued shares but we do not have any proof that these numbers are accurate. They may be but they also may not.
FWIW - I asked these questions to the company (not the IR firm for hire) and I still haven't heard back from them...HMMM.
Good luck in your quest for the truth, I'll let you know if I find out any FACTS as well.
Maddog
Do your homework - hope is NOT a strategy!
Maddog
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