Replies to post #2011 on Wastech fka WTCH

[ST James]

I'm not trying to be evasive, but discussing this issue at length here on IH is not the best place.

Suffice it to say that if there is a there there that is financible, then there are ways to structure the deal that would ensure that the money would be utilized in a proper fashion, i.e. oversight, inspection, covenants, escrow requirements, etc.

If we can ascertain that a real business could be realized utilizing CVIA operations and assets then we the financing can create a runway for the company to make money and at last give shareholders a real chance to be made whole.

I think, but don't know, that the company did not want to open themselves up to due diligence examination. But, who knows, maybe Bill will surprise me.

[campe]

Good question.

Only way to secure a $5M would be with straight S-8 shares or a floorless depenture. I would not want CVIA taking on any financing until they have some accountability on how it would be spent. Paying off existing notes will not help generate future revenues. CVIA does not have an income problem, they have a spending problem...