TVI Pacific Inc V.TVI

Lets summarize TVI developments.....

[rockingrooster]

1} Mr. Villar is spending his own money and now has ownership of TVI of 19.5%
2} TVI management has RESIGNED
3} TVI's Board of Directors RESIGNED and will be replaced with directors choosen by Villar {June 27}
4} Villar has provided the funds {loans} in order to pay out TVI Management and Directors

NEXT possible steps 

Villar increases his ownership of TVI  via 1] rolling Villars 69.5 % of TVIRD into TVI through an all share purchase.This would increase TVI outstanding shares phenomenally ( over 25 B ), therefore a reverse split will be most likely prior) All TVI shares issued to purchase TVIRD would be owned of course by Villar.

[JimmyVus]

Are you sure about the total number of shares outstanding after an all shares purchase of TVIrd? 725000000 divided by 0.3066 is about 2.36 billion shares. Am I not thinking correctly?

[rockingrooster]

You are right, just testing you.Seriously ,should be around 2.5 B , however this is still too many shares for a Canadian listed company..Thanks

[JimmyVus]

A 10 for 1 reverse split will do the trick and it won't reduce our value in the company at all. Any thoughts on St. Augustine.  How would we bring them into the TVI fold?

[rockingrooster]

I have thought about that .Villar owns 49.5% of St. Augustine and he could take full control if/when he goes over 50%.IMO IMO the king-king property will take too much capex .Perhaps in a few years once TVIRD has the 4 main projects going profitably.It would simplify reporting/boards  etc however to roll into TVI eventually.gltu

[Longtimer99]

And if he doesn't take your next possible steps, what happens to TVI then?  Isn't it possible things could get worse for TVI now?  I think all of the shareholders hope that isn't the case, but certainly a possibility.  Lets hope he does what you are suggesting.  Also, if they do a 10-1 stock split, would that mean the stock price on the market would be 20 cents a

[rockingrooster]

We all know there are no quarantees in life and I am not giving anyone any. All I know is that a person (Villar ) does not spend 3 to 3.5 M  to simply do nothing. Any forward action iTVI gets s better than what we have had with Cliff.gltu

[stever50]

Are you able to email the new guy

[rockingrooster]

Not at this point.Not sure if the new cfo for TVI will handle the pr function. I know TVIRD has a pr person, however,I dont think they will respond to anything having to do with TVI. The TVIRD website continues to be down and this probably coincides with the changes at TVI and maybe future changes at TVIRD. All we can do is wait.gltu

[rockingrooster]

Kaycee Crisostomo, spokesperson for TVI Resource Development Inc. (TVIRD) Do not know Kaycee's email address, Maybe once TVIRD website is back up.

[JohnT121]

All I can say is good riddance to Cliff!  Always remembered seeing a BNN interview with John Embry who was taking questions from callers about different companies.  Someone asked about TVI and John gave a very short abrupt answer that insinuated his distrust with Clifford James.  Something must have happened between the two of them at some point.  I had already bought into the

[rockingrooster]

Hi John, the email does not work,I will try some variations.Thanks

[JohnT121]

You sure, sent one and didn't comeback >>> [e-mail] no period at the end

[stever50]

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