Cavico Corp (fka CAVO)

[Looking2Retire]

As fyi re Cavico:

Cavico is moving ahead on plans to do a reverse stock split. Cavico sent out a notice to current shareholders that a reverse stock split would be submitted to shareholders for approval. No timeline was set for securing shareholder approval, but we assume it will coincide with the Annual Shareholders Meeting in late April. The reverse stock split ratio would be set by the target stock price to list either on the NASDAQ or the newly rebranded NYSE AMEX Exchange. Cavico management is considering the advantages/disadvantages of both exchanges and the post reverse stock price necessary to meet listing standards.



At this point only a few investment banks have visited Vietnam. The extreme US market conditions and continued economic slow down has discouraged many funds from visiting Vietnam. Cavico is developing a virtual video tour of Vietnam to incorporate into a virtual road show concept to encourage more investors to visit Vietnam. A NYC retail brokerage firm is putting together a tour of Asia to include mainland China, Hong Kong and Vietnam. Concern about current US market conditions keep pushing back the date of this trip.



Cavico presented at the Rodman & Renshaw Conference in November 2008 and is tentatively set to repeat at the November 2009 Conference. Cavico has been invited to the DA Davidson Conference in September in San Francisco. Cavico will be presenting as part of the Vietnam track at the China Rising Conference in NYC on May 18th. Cavico is considering presenting at the Las Vegas Money Show for retail investors on May 11-14. Cavico is currently pursing an invitation to present at the Oppenheimer Conference in NYC on May 20-21. Cavico is also considering attending various for-pay conferences in NYC later in the year.



The deadline to file the year end financials is tomorrow March 30th unless they file for a 10 day extension. If they file the 10K tomorrow, we will issue a press release and schedule an earnings conference call before market open on Wednesday. The auditing firm is reviewing the numbers and will make the final recommendation.