CAVU Resources Inc (CAVR)

[MyBad]

Draaz,

Here is a paragraph from a company PR, you can read the entire PR on post # 7929 or in the company news:

CAVU's recent Proxy requires a vote of the shareholders to approve the spinout of its newly merged subsidiary CAVU Energy Services, Inc. as a standalone public company. The management has spent the last three years building value for its shareholders; the proposed spinout will give CAVU shareholders ownership in two public companies. To clear up any confusion relating to this transaction, the shareholders of record on July 27, 2011 will vote the Proxy; in the event that the shareholders approve the spinoff of the subsidiary as proposed in the Proxy, then the shareholders of record as of August 19, 2011 will receive shares of CVE on a 1:40 basis. The shares of common stock of CVE will be issued with a restrictive legend that will prohibit the resale of such stock until CVE files a registration statement on Form S-1.

Go CAVR!!

MB