Cavico Corp (fka CAVO)

[silentgold]

I will probably get out of this one

unless the Audit is very positive.

What I liked about Cavico ... what they were doing in a country that really can use their products and services. The overall outlook appeared so bright for the future.

What I Don't like about Cavico ... is the current arrangement with PRVH. PRVH is a Holding company whose president previously failed in the securities business. As such I assume (IMO) that the guy is completely ruthless.

Tie in the fact that Timothy Pham is a brother of the president of PRVH and the two companies share the same office. With this arrangemetn I don't think you can separate what is in the best interests of PRVH with what is in the best interests of Cavico.

Cavico had some very interesting subsidaries which would let the company leverage itself in many ways relating to updating the infrastructure of Vietnam.

Somehow PRVH has managed to convice the officiers of Cavico to spin of subsidaries into separate companies with Cavico holding stock in them as well as PRVH having stock (for their services). Other joint companies were formed to further diversify the company resulting in Cavico itself headed to be a holdling company.

Come on now, creating a joing company to help Other Vietnam companies to be listed in the US is in the best interests of PRVH, not Cavico.

Holding companies typically have a low PE and PRVH is no exception. Looking back at the deals that PRVH has done in the last year I expect their asset value will increase significantly. One can buy lots of stock in this company for just 6 cents a share at the present time.

I expect that when Cavico makes it to the OTC.BB there will be some bounce upward in the price. Since that is still a few months away there is time for me to reconsider pending the audit results and new contracts that Cavico will acquire.