From EESV 10KSB - Looks like one of CVIA's largest shareholders is loosing faith...
The Company recorded unrealized losses in the years ended December 31, 2003 and 2002 of ($533,782) and ($114,604), respectively. The Company's large unrealized loss in 2003 was primarily the result of declines in the market value of the Company's interest in CVI common stock. At year end, the Company held a total of 13,272,469 shares of CVI common stock purchased under the agreement with a historical basis of $917,875. In 2002, the Company entered into an agreement with CVI to purchase up to $2,500,000 of its shares at $0.125 per share from payments received under the technology license agreement, and purchased shares of common stock under the agreement during 2003. After purchasing the CVI common stock, CVI was delisted from the OTC Bulletin Board as a result of a failure to file certain periodic reports with the Securities and Exchange Commission, and sold substantially all of its operations, which caused CVI's common stock to drop considerably below the purchase price paid by the Company. As a result, the Company notified CVI in August 2003 that it was terminating its obligation to purchase additional shares of CVI common stock. The Company subsequently settled its dispute with CVI on terms that materially reduced the Company's purchase requirements and the purchase price under the agreement. At this time, it is not known when and if CVI will ever be able to relist its securities on the OTC Bulletin Board.
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