News for 'CSJJ' - (Coastal Holdings, Inc. Releases Updated Statement of President of Future Audit Committee Mr. Jacques Vallee)
HOUSTON, TX, Mar 23, 2006 (MARKET WIRE via COMTEX) -- Coastal Holdings, Inc. (OTC: CSJJ) today released the following updated statement made by Mr. Jacques Vallee, the recently appointed President of the Company's future Audit Committee.
"I am writing to you as President of the Company's future Audit Committee. As you know, I am working with the team of Coastal Holdings to identify and formulate a business strategy focused upon maximizing shareholder value and protecting the shareholders' rights and interests.
"I am pleased to announce that we have already identified a few OTC BB shells that are strong candidates for a reverse takeover. Of course before we invest in an OTC BB shell, we have to conduct due diligence on it. We must purchase the one that is not only in good financial and legal standing but is also the best fit for our organization.
"I want to reiterate that my primary role in this corporation is to expedite its attainment of OTC Bulletin Board Status. We will achieve this goal soon. The Company's accounting and legal departments are working hard on the first acquisition of an OTC-BB listed company. We expect to close this acquisition on April 15, 2006."
For more information please contact CEO Andrea Cortellazzi at (514) 288-9699 or visit the Company website at www.coastalholdings.com. Please note that the website is currently under re-development to reflect the new strategy and operations of the Corporation.
Posted by dalton05 on :
Atleast they are making an effort.
Posted by JOELGA on :
Well, we will see if they pull it off by April 15th
Posted by dalton05 on :
I agree Joel but atleast they are keeping us informed as to what is going on.
Posted by Malloy on :
"We expect to close this acquisition on April 15, 2006"
This is the key date now.
Look at the MM upasking before opening...nice
Posted by JOELGA on :
Yeah, I think this is the first time we have ever had any sort of a firm date. Hopefully this will bring good things for us!
Posted by rabbu1234 on :
lok the vol today
Posted by dalton05 on :
good volume but not going up
Posted by TickTrader on :
Did anyone get a buy fill * .0001 today? Not me... but I have a standing GTC order for some more. Looks like covering after the PR?
Posted by rabbu1234 on :
lot of vol but still not going up.
Posted by TickTrader on :
Nevermind question above... got filled today... now I wait (a long time).
Posted by JOELGA on :
Volume picking up today. Should start to move in the next few weeks before the April 15th acquisition date. But beware, the owner has done some really shady things in the past.
Posted by Malloy on :
Almost 1.5B volume in last 3 days...something must be coming very soon.
Posted by stockvaper on :
Well, if they stay on schedule (per their last PR) this is the week we will here of their purchased company.
Posted by Malloy on :
I'm ready! Got a boat load of those.
Posted by Vagabond on :
I hope this has just been the lull before the storm. Been like watching paint dry the last few days. I'm ready for the run!
Posted by Vagabond on :
Now were getting a little action!
Posted by Malloy on :
9 Millions block buys...something's up!
Posted by Vagabond on :
IMO smart $ jumping in.
Posted by Agent S on :
Yeah, should be interesting to see what happens in the next few days. I'm in, and waiting for that run!
Posted by Vagabond on :
Had to quick check my sell order. I was thinking a while back about flipping it, wanted to make sure I had changed it with all these big block buys at the ask.
Posted by stockvaper on :
The last PR said they expected the acquisition of the OTCBB company to be completed by April 15. I'll give them the benefit of the doubt and wait for news today. But if there's another PR stating "intentions to acquire" I may have to unload this "neverending promises" stock.
Posted by Malloy on :
Something's up.
All buys at .0002 and the wall is falling fast.
Maybe will finally get news about the OIL project?
Posted by Malloy on :
That could be it:
Coastal Holdings, Inc. Announces Intention to Finalize Acquisition of Development Oil Well by the End of January
Posted by Malloy on :
wow...4MM left on ask...we had a monster wall there
Posted by stockvaper on :
I sent an email to them today. Asked them to please inform the stockholders of what is going on since they passed their 'expected date' of the completion of the acquisition.
Posted by dalton05 on :
we will go.
Posted by Vagabond on :
Yeh, some more buys like that and we should see .0002 x .0003
Posted by stockvaper on :
Does anyone have any ideas as to why trading stopped on CSJJ shortly after noon today? I couldn't find anything on trading halt sites.
Posted by dalton05 on :
I think a trade just went through - I just think no one has any interest in this.
Posted by stockvaper on :
This traded 69 million shares by noon...there's interest.
Posted by IwantMore$ on :
Has anyone tried to contact these pepole? I have when I called it was busy, emailed them no response.. Anyone with better luck?
Posted by IwantMore$ on :
Tuesday in the am a pr will be out.
Posted by sportsguy on :
Since this as been sitting .0001-.0003 for so long now, I guess it's worth a risk. Can't really get much worse Posted by IwantMore$ on :
False hope goes along way around here..
Posted by DQ. on :
Coastal Holdings, Inc. Updates Shareholders on Major Investment via COMTEX
Coastal Holdings, Inc. (OTC: CSJJ) today announced that it is in the final stages of closing a major, multi-million dollar investment. It has taken longer than originally anticipated to close this acquisition and release further details on it to investors due to the size and complex nature and structure of the transaction. The Company is pleased to report that it expects to finalize this acquisition by the 5th of May, 2006 at which time further details on it will be released to shareholders.
For more information please contact CEO Andrea Cortellazzi at (514) 288-9699 or visit the Company website at www.coastalholdings.com. Please note that the website is currently under re-development to reflect the new strategy and operations of the Corporation.
Posted by ChrisLee on :
Well whats going on with them LISTING THE SHARES ON THE OTC??
Posted by mbmaid on :
Nice--this guy may actually make it happen this time. Time to add...
Posted by DQ. on :
Hope so, been holding this one a while and am ready to make some money.
Posted by stockvaper on :
I've been in this for a long time too. The only reason I hadn't sold this was because it couldn't go any lower. I had nothing more to lose. Posted by DC Trade on :
not bad... i've been in for a while, flipped from .0001 to .0002 a few times, have some free shares... ready to run! maybe...
Posted by Malloy on :
10M block buys...heum
Posted by Malloy on :
they bought out all at ask...only 1MM left...looks like it's gonna break
Posted by Malloy on :
With only 1MM on ask, this could be the day we've been waiting for...
Posted by dalton05 on :
Good volume early - we need to the ask to hit .0003
Posted by Malloy on :
More than 100M buys in last couple minutes...wow
Posted by Vagabond on :
Lost my L2, who's the MM at the ask? Thanks!
Posted by cm3i on :
Anyone still looking at CSJJ Getting ready to move. Talked to the CEO today. Looks like a major PR in 5 to 7 days. He says it will blast this off. They sure bought back alot of shares today. MAYBE READY TO GO
Posted by mbmaid on :
We're supposed to get an affirmative on their move to OTCBB on Friday. GLTA.
Posted by Malloy on :
all buys this morning...
Posted by Malloy on :
Lots of buys...lots of 9M block...someone really loading big last couple days.
Posted by Vagabond on :
quote:Originally posted by cm3i: Anyone still looking at CSJJ Getting ready to move. Talked to the CEO today. Looks like a major PR in 5 to 7 days. He says it will blast this off. They sure bought back alot of shares today. MAYBE READY TO GO
Just curious cm3i, how do you know that "they" bought back a lot of shares (I assume you mean CSJJ). Did the CEO say that?
I'm ready for it to move!!!!
Vagabond
Posted by cm3i on :
Andrea the CEO said they were buying back all they could when I last spoke to him
Posted by dskalka on :
I don't want to seem like a basher of this stock but the last time this stock went on a run the ceo killed the momentum by flooding the market during the early stages of the run. I have been holding long on this stock for nearly two years waiting for it to go up high enough to recoup my loss. I truly hope this is the real deal. The difference between now and then is we have a new figure in the management who I hope is more honest than Andrea.
Posted by Vagabond on :
quote:Originally posted by cm3i: Andrea the CEO said they were buying back all they could when I last spoke to him
Thanks for the info. I really think this stock is ready to move. Looks like everything is in place to me.
![[Cool]](cool.gif)
![[Wink]](wink.gif)