Consumer Automotive Finance Inc (CAFI)

[Smith111]

E-mail from Scott:

I asked: Do you plan on releasing more information about the merger on or before Friday, July 15th? Many investors are expecting information at this point because of your "10 days" statement, so I just want to make sure.

Scott replied: Fair question, but one I have trouble answering because some matters are out of our hands. What I mean is this: the BB company, a 12g company, has governance matters with which it must comply before the agreement can be signed. While I expect them to be ready by end of next week, I cannot assure it. To be frank, we probably underestimated the amount of work they have to do up front, and might have been a little aggressive on the date.

I asked: If the BB company isn't ready by the end of the week, will you at least announce this to the public? If you keep investors on the same page, so to speak, it will prevent a massive sell-off. I have seen stocks sell-off before because of situations like this, so that is why I am concerned. If investors know what is going on, and that there aren't problems, they will continue to hold. I am holding regardless, but I would like to see a stable market value.

Scott replied: Most likely there will be an update at least.