This is the companies recent news many of you have already seen.
Coastal Holdings, Inc. Announces Forward Split of Company Stock and Status of OTC Bulletin Board Listing
HOUSTON, TX, May 05, 2006 (MARKET WIRE via COMTEX) -- Coastal Holdings, Inc. (OTC: CSJJ) today announced that during a Special Meeting of the Board of Directors the Company approved a 150 for 1 forward split of the Company's common stock.
The Company is filing the necessary information with NASDAQ Market Integrity. Further details with respect to the effective date and shareholder date of record of the forward split will be released following the regulatory approval of the application. Stockholders of record on a specific date, to be determined shortly, will be entitled to one hundred and fifty (150) shares of common stock for each share of common stock held as of the record date.....
My question is does anyone, anyone at all, have an explanation of how that could happen given the PPS? If it is a tall tale, then I can't even see how it is logical, unless there is an, as of yet, unannounced R/S that would precede the F/S. Now you would think if you were going to throw out "fake" news you could come up with something better than that!!!! What are your ideas about the split and if it is even possible, and yes we all know what you think of the CEO!
Thanks!
Vagabond
Posted by Vagabond on :
Aw come on, I thought this board was full of experts.
Vagabond
Posted by Chris4205 on :
I bought some based on that news. It would be great if true. Considering how my luck is going lately it will probably be a 1000 to 1 reverse split. Posted by Max Shrap on :
What is the O/S? Never seen it done before. Looks like a PAIM move. Dilution can't help this thing at .0001. Assuming the A/S is ONE billion, it will become 150 billion. IF it is more than one billion, do the math, not good. Maybe a few will get lucky and sell at .0001 after the F/S, but do you really want to turn your million shares into 150 million shares? Imagine all the countless billions on the ask with not enough on the bid to make a difference. I say avoid it. F/S is only good when the pps is a penny or above and you have a solid prospect for growth. Obviously this is JMO.
Posted by gnulnx on :
I have 1.5 million shares for sell at .0001. If anyone wants them just put in an order and it should go through. Enjoy!
BTW I also have 1 million PHBT for sell at .0001.
Posted by gnulnx on :
Thanks for buying! Hope you enjoy holding. Maybe you will have the patience for the momentum play...I guess I am just to darn impatient
Posted by gnulnx on :
still got a million CSJJ for sell. Get your fresh hot CSJJ shares..bargin basemen price of .0001. Yes folks that's 1/1000 of a cent.
Come one you know you want them...just place the order..it's only a hundred buck!!!
Would i swindel you? Posted by Vagabond on :
At least you know you're next in line!
Vagabond
Posted by gnulnx on :
true.
Posted by Intimatrader on :
To mee it is obvious ...there is something big going on with csjj ....And it will be good for share holders . there is something after the 150 to 1 forward split and it may not be a R/S ...What if it is a part of the process to expand the equity of the company by aquisitions and posible mergers and taking this to the bullitin boards . It seems to me they may be doing just that and more . And it it works ....Thats a win win ... Posted by gnulnx on :
intimatrade. I have a million shares for sell right now at .0001. You should buy them and see if your hunch is right! Posted by gnulnx on :
Still got 750,000 shares for sell...
Posted by Vagabond on :
Did you break your order in small chunks?
Vagabond
Posted by gnulnx on :
Ameritrade seems to do it for me. I still got 431,000 now.
Posted by Vagabond on :
I use them too. I'm not sure why that is happening, it just supprised me with all the buys that have gone through. I thought it was FIFO.
Vagabond
Posted by gnulnx on :
"I thought it was FIFO."
apparently not in the pennies. I have had 3 seperate sell orders now and I still have just over 400,000.
One think I have learned is that all the normal rules go out the windows in penny land. MM's literally do whatever they want. I'll just be glad to get rid of them so I can get more PBLS.
Posted by Vagabond on :
I found this on another thread on this board!
"Fact: public traders like me are not allowed to short penny stocks as per SEC rules. Therefore, these new people, and im guessing many more, are in fact market makers who lurk on these boards, or post, in order to find or create "pops" which are short targets.
Newbies beware: you are being totally scammed."
Hummmmmmmmmmmmmm!!!! Very Interesting
Vagabond
Posted by gnulnx on :
I'm certain MM's lurk...and probably post for that matter. It's actually pretty easy to become an MM. In fact it's about this simple:
Finally...out of CSJJ and PHBT. Took a loss,but I was tired of seeing them in my port everyday...lessoned learned for this cat!
Posted by Intimatrader on :
I bought your shares .......phbt is an obvious win win
csjj is a very low risk potential mega gainer.
Posted by gnulnx on :
cool. Thanks for grabbing them from me. I think your right on PHBT..I just needed to get more funds for PBLS before it starts moving...trying to get in the million share club.
Posted by TickTrader on :
quote:Originally posted by Vagabond: My question is does anyone, anyone at all, have an explanation of how that could happen given the PPS?
Yes. I can see two specific positive results of a forward split for this company. There is a third positive effect, given other possible conditions.
So, explanation --> 2 positive results, and possibly 3. (Clue... all 3 have nothing to do with pps.)
GLA
Posted by TickTrader on :
quote:Originally posted by gnulnx: I'm certain MM's lurk...and probably post for that matter. It's actually pretty easy to become an MM. In fact it's about this simple:
gnulnx, I considered posting a quiz for newbies so they could learn how to identify sharks, wannabe sharks, and shark stoogies.
Most serious investors in OTCs don't post on boards and most don't even visit. The reason for posting this is to remind all wannabe sharks and stoogies that they are only shark food when entering the deeper waters. Before diving in, take a look at the statistics for 'new shark food shelf life'. Now that's scary.
Thanks for your post, gnulnx.
Disclosure --> I'm retail, long, and happy about it.
Posted by wallymac on :
Present Share Structure:
AS: 5 billion. OS: 3.7 billion.
After Forward Split
AS: 750 Billion
OS: 555 Billion
Posted by Vagabond on :
quote:Originally posted by TickTrader: Most serious investors in OTCs don't post on boards and most don't even visit....
Now that's a true statement....Hummmmm... I wonder why?
Vagabond
Posted by gnulnx on :
I would say primarly because professional investors gather all the information they need to make an investment and message board posts only serve to cloud their judgement. Just a guess tho. I mainly visit these boards because my job is so damn boring! LOL.
Posted by Sith Trader on :
quote:Originally posted by Vagabond:
quote:Originally posted by TickTrader: Most serious investors in OTCs don't post on boards and most don't even visit....
Now that's a true statement....Hummmmm... I wonder why?
Vagabond
bcs most of the people on these boards pumping stocks are mms who are shorting stocks or the ceo who wants to dump billions of shares
almost all of these stocks go down
Posted by Vagabond on :
quote:Originally posted by Sith Trader:
quote:Originally posted by Vagabond: Now that's a true statement....Hummmmm... I wonder why?
Vagabond
bcs most of the people on these boards pumping stocks are mms who are shorting stocks or the ceo who wants to dump billions of shares
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