posted
Okay folks, here is the deal. CDCI was CDNC. On Jan 23rd 2007 they did a reverse split at 30 to 1. AT that time the O/S was 534.6 million now it is 17.8 million. The stock was trading at .15 on Jan. 22nd. On Jan. 23rd the reverse split happen that morning. Nobody knew until after hours on the 23rd. The next day the PPs did not adjust for the 30 to 1 split. .15 x 30 = $4.50 Instead of adjusting the price dropped because Evergreen a creditor dumped their 130k of shares that can be released monthly. CDCI two days ago had 534 million O/S * .15 = market cap of 80million. Now CDCI has 17.8 million shares * .09 = 1.6 million market cap. Last qt. CDCI revs were 9.9 million. This is a over looked gem now!
CDNC closed at .0038 the last day before the split. It opened at around .11 just as it should have.
Where'd you get your information?
Goodones
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I was looking at bigcharts.
PCola77
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They always split adjust charts. If it shows that it was trading at .15 on January 22nd, it's already adjusted for the split. Is that the confusion?
Goodones
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I learn something everyday thanks.
PCola77
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No problem. They almost have to do it that way because otherwise you'd see huge jumps or drops when companies do forward or reverse splits. Tis way the split is invisible, which it really should be.
Spectacles
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Cola,you are the balls,,,thanks.(from a newbie)
PCola77
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Since I don't have any idea if being "the balls" is good or bad, I'll just smile and nod.
Livinonklendathu
posted
Quotes: [first lines] Bill Lawson: [narration] There was a time, a time before cable. When the local anchorman reigned supreme. When people believed everything they heard on TV. This was an age when only men were allowed to read the news. And in San Diego, one anchorman was more man then the rest. His name was Ron Burgundy. He was like a god walking amongst mere mortals. He had a voice that could make a wolverine purr and suits so fine they made Sinatra look like a hobo. In other words, Ron Burgundy was the balls.
PCola77
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Woo hoo!
Sadly I have two young children (that's not the sad part) and so I havent' seen a (non-animated)movie in like 3 years. That's on my list of movies to watch once the kids go to college
Goodones
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Pcola please help with this. Evergreen entered into this debt deal with CDCI were $750k of debt was exchanged with 3,250,000 shares. For Evergreen to come out even on this deal the PPs must be above .23 Why would Evergreen do this unless the PPs was going up?
PCola77
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Sorry man, can't help you there. First I don't know if it's as simple as the way you explained it. And I'd guess that it's not. In essence, Evergreen could have gotten 3.25 million shares for about $360,000 on the open market, so what's the incentive to do the deal you mentioned? There's more here than what you've stated, I'm sure, I just don't have the desire to look into it more.
Repoman75
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Evergreen... marketing?
wrangler
posted
nevermind
wang
posted
Not playing R/S screw up here.
CDCI 18mil O/S market cap of $1.2mil $10mil revenue last year. Way undervalued.
posted ![[Smile]](smile.gif)