CVI - CVI Energy Corporation

[prawn_86]

Re: CVI - Cityview Corporation

Yeh highly amusing IMO.

Dont forget they also had 'world class' diamond and copper deposits somewhere in amongst all the crap the directors were spinning.

Its just a shame ASIC is useless and these sort of people will be able to continually get away with it.

 

[shadders]

Re: CVI - Cityview Corporation

Hi all,

I'm posting this on behalf of Raks:

=--------------------


First EGM draft currently being emailed out.

Sunday midday (16th November) Qld time, first draft emails of resolutions etc are going out.
It will take an hour perhaps to make sure I've covered everyone my list.

We anticipate final copies around in the next few days.

So this is a DRAFT and a chance for all to have some last minute input.

IF you HAVEN'T received a copy by late afternoon, please email. Quite a few of the contacts are from PMs on various forums so you may not be on the mailing list.

It is much easier for me to email the data.

Send to callegm@hotmail.com to make sure your details are on my list.

Thanks all......

 

[shadders]

FINAL EGM document have been mailed out

Hi All,

The FINAL versions of EGM documents have been mailed out this evening.

This is the version you need to sign and send back so please attend to this a quickly as you can.

If you haven't recieved them by email within a couple of hours please email callegm@hotmail.com to request your copy.

cheers

 

[salavat]

Re: CVI - Cityview Corporation

May be it will be consolidation 10 to 1 after subscription to the new issue, then price will continue to decline to 1 cent again

 

[shadders]

CVI Shareholder website is now live

For more information of the shareholders EGM action click here

We urge all shareholders to take the time to read it and get involved in a more transparent future for your company...

 

[canny]

Re: CVI - Cityview Corporation

Plenty of updates on the CVI shareholders website now - all pointing to some prety outrageous behaviour by management.

Voting documents have been sent out...

Holders more than ever need to realise the importance of giving us their yes votes.......

Please make sure you complete and send back your forms to US - and NOT to the company. (Check shareholder website later tonight for full details)

In one of the most unbelievable moves, we found that CVI are conducting their own count and audit of the EGM - to save paying the normal organising body Computershare approx $2k (figure supplied by Computershare)...yet they have spent what must be a small fortune seeking legal advice to weasel their way out of some of the VERY necessary resolutions we put up.

ASIC will look at the total removal of one resolution with no explanation, merely asking for copies of lease documents to be kept in the office for shareholder perusal! (Simplified version)

As we no longer have a neutral body running a very sensitive EGM, we feel the need to have the documents sent to us to collate the numbers, and we will then send them to the company. Providing all yes boxes have been crossed for shareholder resolutions, we have no objection to the chairman being appointed proxy, but if you want us to vote for you, then the proxy name will be different...again, see website later.

I would like to stress again that there are a MASSIVE number of small holders with unmarketable parcels of shares...these would have been worth a nice amount of money a few months ago, but are now worth less than $500.
Of 3866 shareholders, 2,184 of them have 40,000 shares or less.......more than half the holders....and today, the average holder has merely 133,697 shares.

We need you, and you need us to make a difference.
Don't think you are unimportant - all those small holdings WILL add up - and the media are VERY keen to see the percentage of shareholders, not just shares they own, that are supporting the shareholder resolutions.

Don't let todays 45million stop you from expressing your disgust at how the company has been managed in the last few months.....Smyth has driven it into the ground with his lack of progress on all fronts.
No mining
no drilling
no exploration
more paper issued
more project shuffling between entities
more unexplained money down the gurgler?

WHAT HAPPENED TO OUR $42million?????????????

We know that less than $5mill of this has gone to Fortitude since April 28th - even at $1.39 per share, (which Smyths emails to holders say we haven't paid)........

So many more stories that simply need to be aired......
what else will we find out that we don't already know?

We must get Cityview back on the rails and start to progress projects.

if you have bought shares since the mailout of forms, insist on being posted a voting document to have your say.

If Smyth has placed or places any more shares to a Global connection, how will you feel?

These are shares that you were entitled to as a holder, but didn't have enough explanation to want to buy them....we all needed to know that things were on track before pumping any more money in, but it didn't mean that we wanted our company diluted to the London money shufflers.

Get behind the shareholder group who are doing their best to make a difference for all of you.........
Thanks
www.cvi-shareholders.org

 

[prawn_86]

Re: CVI - Cityview Corporation

Its great to see a group of shareholders finally standing up to the corruption and greed that is present in small cap management circles.

Hopefully this thread will also be a good example of "buyer beware" and an example of how important management and results not words actually are.

All the best to all the holders, im watching with interest, as it may set a precedent if anything does actually come of it.

 

[canny]

Re: CVI - Cityview Corporation

Thanks prawn -
Yes, most certainly a chance to set new boundaries, and I cxompletely agree with your talk on looking for investments with good management down the track.

Pretty slow were most uf us, in realising that the bloke who we trusted to be telling the truth and delivering the goods actually doesn't give a flying fig about his shareholders, and is only interested in money shuffling projects around his London buddies and making money on the rise and falls.....

ASIC have a lot of information, and yes, the small cap end of the market is rife with this cowboy element.

I urge all shareholders (and as I pointed out, currently over 2000 of htem are 'trapped in' with unmarketable parcels) to support the shareholder group.

Remember as shareholders you OWN the company - Smyth only THINKS he does!

If, at the end of the day we don't succeed in achieving the required numbers because of these shortfall placements, then we will know we have stood up, and done our level best for holders. IT will NOT mean the end -

The media are looking forward ot seeing if he's sleazy enough to place more to Global entities.....the story is growing very interesting for them!

With shareholder representatives on board, we can begin to bring some honesty back and make Smyth more accountable.
They are the most critical resolutions....
we can't do the audit or make it happen from the outside.

 

[pilots]

Re: CVI - Cityview Corporation

Canny, this is the ONLY life line that CVI share holders have now, even if you have only 100 shares you should vote. What I am worried about most people will sit back and whinge and whine about MS, this is the ONLY chance you have to get your own back. VOTE. Don't come back here and other forums later crying, do it now.
It is sad it got to this, but the writing was on the wall a long time a go.

 

[JTLP]

Re: CVI - Cityview Corporation

Raks,

I had always been skeptical of you and others in the past...most likely due to your association to the other Stock Chat site and so on.

But I really must take my hat off to you. I have long voiced my protest at this company and its board of directors...trying to give people an accurate viewpoint of the situation (maybe in less then pleasant terms). For you to take it to this next level and literally go out and try and round up every small time shareholder, present facts time and again to ASIC and to try and at least bring justice and scare other poorly managed microcaps into some sort of honesty policy is just fantastic. There is no positive descriptive word out there to justify what you are doing.

Kudos to you and everyone else and I sincerely hope these guys get some serious jailtime for the quite blatant money shuffling between the boys...

 

[ironfist]

Re: CVI - Cityview Corporation

yesterdays ann was good for option holders

we saw some automatic buying albeit a small amount

basically gives options holdrs an extra 12 months on top of expiry, if the cy goes well in 09 then the extra bonus options will be double what we originally had

in a way some will have all losses in cvi wiped out when they list

 

[canny]

Re: CVI - Cityview Corporation

Raks,

I had always been skeptical of you and others in the past...most likely due to your association to the other Stock Chat site and so on.

But I really must take my hat off to you. I have long voiced my protest at this company and its board of directors...trying to give people an accurate viewpoint of the situation (maybe in less then pleasant terms). For you to take it to this next level and literally go out and try and round up every small time shareholder, present facts time and again to ASIC and to try and at least bring justice and scare other poorly managed microcaps into some sort of honesty policy is just fantastic. There is no positive descriptive word out there to justify what you are doing.

Kudos to you and everyone else and I sincerely hope these guys get some serious jailtime for the quite blatant money shuffling between the boys...

Thanks JTLP.
We will do our level best - and then at the end of the day at least we can say we did what we could, and I just hope it's enough to make a difference.

It will set the bar for honesty and caring for shareholders in all manipulated little spec stocks.

The thing that has me stuffed is how Smyth took so many of us for a ride for so long - he is the ultimate salesman, though a few did see through him much earlier.
I have to change the ring tone on my alarm bells!!

 

[ironfist]

Re: CVI - Cityview Corporation

pilots said "Canny, this is the ONLY life line that CVI share holders have now, even if you have only 100 shares you should vote. What I am worried about most people will sit back and whinge and whine about MS, this is the ONLY chance you have to get your own back. VOTE. Don't come back here and other forums later crying, do it now.
It is sad it got to this, but the writing was on the wall a long time a go."

pilots(sue12) even got caught up in this and bought or still(probably) owns stock

you need to lose the anger from depreciation in value of holdings sue12 and be positive mate

otherwise why would u still post on cvi?

have a nicer day

 

[pilots]

Re: CVI - Cityview Corporation

Ionfist, Can you show me a post that said I ever held any CVI stock. If you come over to the EGM I will be happy to take you to our broker and show you what we have held.

 

[pilots]

Re: CVI - Cityview Corporation

Ionfist. I think the only positive post I have ever made about CVI was the one to Canny(raks), saying this is your last chance at getting CVI under control again.

 

[tigerboi]

Re: CVI-ceo the most out of touch in business history!

Ive never owned this stock but have read every post on this thread recently & have just listened to a bbr interview at... www.brr.com.au/event/54502

then i looks over the proposals...wow talk about trying to shaft the shareholders & to raks & co...go hard after this sphincter smythe...

unbelievable this knob is blaming cvi holders on forums for the shareprice...

all i can say to finish is...bury this pommie dill & send him back to the old dart...in rags!

surely asic wont let this mongrel just do as he pleases??...tb

good luck to the guys challenging this ar5e,seems you may have to much eye of the tiger for this phony...tb

 

[psychic]

Re: CVI - Cityview Corporation

CVI was issued with a speeding ticket late yesterday afternoon, the share price has come back a bit, but wait for the T+3 traders to return. They will be back within the 3 day period to ramp up the share price and dump, as per usual

 

[canny]

CVI AGM - urgent update for shareholders.

Shareholders, at the AGM as you know, you will be represented by Douglas Armati from the Australian Shareholders Association.

We have all been working on voting direction and questions as you know.

The ASA, after consulting with their legal team, ASIC, and talking to MANY people have agreed on the voting intentions to form a path for your future.

You may appoint them as your proxy - and please see this link/ site for details:
http://www.asa.asn.au/MO_VoteShares.asp?ID=VSR925.xml

PLEASE take the time to vote - this is YOUR future on the line.
Pull those forms out and get them in the post this weekend.

Remember a board of directors is appointed to WORK FOR THE SHAREHOLDERS. This has obviously not happened with Mr Smyth in the hot seat.

 

[canny]

Re: CVI - Cityview Corporation EGM voting

Critical reading for the 'stuck' shareholders with unmarketable parcels. There is strength in numbers - PLEASE take hte time to send your forms in.


Here are the ASA voting intentions and proxy details.
May I add that the ASA don't take their duties lightly, and Doug Armati would be happy to act as proxy for all holders unable to attend that haven't yet sent in their forms.

Just mark "Australian Shareholders Association" as your proxy.

From the ASA website:
http://www.asa.asn.au/MO_VoteShares.asp?ID=VSR964.xml

Company: CITYVIEW CORPORATION EXTRAORDINARY GENERAL MEETING
. View Meeting Details - http://www.asa.asn.au/VoteShares.asp?ID=VS964.xml

Issue 1: Approval of Issue of Options
. Our vote: AGAINST
. Despite monthly updates intended to salve shareholder concerns, we are still unconvinced that the management of this company is genuinely (or at the very least competently) pursuing commercial and revenue-generating activities in the interests of all its shareholders.
. The rationale for the issue of these options – to provide working capital – seems plausible, however, as we would prefer the assets of this company, such as they are, to be under other management, we will oppose this resolution, if only to mark our ongoing disapproval of the cavalier fashion in which its affairs are conducted.
. In the absence of fresh information which may convince us otherwise, we are strongly of the view there should be a change of management, which should result in an early and decisive disconnection from the interests which currently appear to control the company to the detriment of ordinary retail shareholders.
Issue 2: Ratification of Previous Share Placements
. Our vote: AGAINST
. Although we look forward to being proven wrong, as noted above we are still unconvinced that the management of this company is genuinely pursuing commercial and revenue-generating activities in the interests of all its shareholders. Absent comprehensive answers to our questions on a range of issues, the true rationale for this placement and use of the funds raised by it are unclear. Without more complete explanation we are unable to support the resolution.
.
.
Issue 3: Approval of Issue of Shares
. Our vote: AGAINST
. Our concerns about CityView have not subsided since our attendance at their AGM in May, 2009 [see report in July 2009 Equity]. If we could be convinced that the issue of these shares (almost doubling the currently >1 billion shares on issue) would result in other than the further dilution of retail shareholders and may lead in due course to real commercial and revenue-generating activities, we may be inclined to take a different view. However, it would appear that, if approved, such an issue would only serve to further obfuscate the share register of this company, already riddled with non-transparent entities registered in jurisdictions like Belize.
. We are also concerned that the cited rationale for the issue (to enable the company to take up interests in a South African coal venture) is simply a smokescreen. We have seen no evidence that the management of this company is genuinely interested in its shareholder owners as a whole. The idea that anyone, other than those with another agenda, would be interested in taking up this issue, proposed at ~3 times the current share price, seems extraordinary in itself.
. We are still to receive answers to the many questions posed on behalf of entirely despondent Australian retail shareholders at the AGM. Those same shareholders wait in hope for regulatory action. Given all of the above, we have no option but to vigorously oppose this resolution.

 

[haddadf]

Re: CVI - Cityview Corporation

Hi all,

Was hoping someone would shed some light as to why CVI is still suspended from trading. It was suspended by the ASX on 1st April for not lodging the full year accounts.

Full year accounts was lodged that same day. I would have thought the ASX would have reinstated trading the next open day. Other suspended companies have commenced trading after submitting their accounts.

Am I missing something.

I disclose holdings in CVI.

Cheers