posted
CSJJ -- Coastal Holdings, Inc. Com (1 Cent)
COMPANY NEWS AND PRESS RELEASES FROM OTHER SOURCES:
Coastal Holdings, Inc. Announces 1-for-2,500 Reverse Stock Split
Reverse Split Will Broaden Investor Appeal and Improve Liquidity of the Stock
HOUSTON, TX, Oct 06, 2006 (MARKET WIRE via COMTEX) -- Coastal Holdings, Inc. (PINKSHEETS: CSJJ), today announced that its Board of Directors has approved a 1-for-2,500 reverse split of its common stock. The reverse stock split will be effective today. The purpose of the reverse split is to increase the per share trading price of Coastal Holdings' common stock, thereby appealing to a broader range of investors. To the extent that the reverse split does succeed in attracting more investor interest in the stock, shareholders may also benefit from improved trading liquidity of the stock. According to CFO Yves C. Renaud, the reverse split is a necessary step in the restructuring of Coastal Holdings, including its plans to list the Company's common shares on the OTC Bulletin Board.
Upon execution, CSJJ shareholders will receive one new share of CSJJ common stock for every 2,500 shares held. CSJJ's common stock will begin trading on a split-adjusted basis when the market opens on Monday, October 9, 2006.
For more information on Coastal Holdings and its new strategic growth initiatives, CEO Andrea Cortellazzi advises all shareholders to contact Mr. Yves C. Renaud, CA.
Forward-Looking Statements
Please be advised that statements made herein, other than historical data, constitute forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those stated or implied by such forward-looking statements. The potential risks and uncertainties include, among others, potential volatility in the company's stock price, increased competition, customer acceptance of new products and services offered by the company, and uncertainty of future revenue and profitability and fluctuations in its quarterly operating results. Please also be advised that the company's stock is not currently registered with the Securities and Exchange Commission.
Coastal Holdings, Inc. Mr. Yves C. Renaud, CA Telephone: 1-514-581-3528 E-mail: y_renaud*sympatico.ca
SOURCE: Coastal Holdings, Inc.
CONTACT: mailto:y_renaud*sympatico.ca
Copyright 2006 Market Wire, All rights reserved.
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SUBJECT CODE: Electronics and Semiconductors:Micro-electronics and Nanotechnology Financial Services:Commercial and Investment Banking Pharmaceuticals and Biotech:Biotech Financial Services:Personal Finance Financial Services:Investment Services and Trading
Search for Dun & Bradstreet reports on this company.
skip
posted
will someone screw it up and create a short situation like AWBV->AWYB???
I hate companies like this, but could create a play next week...
love these POS's!
PS- i will have 3.5 share post R/S
a surfer
posted
I keep on radar Thanks skip
greenman
posted
So my 500,000 position will only be 200 shares. Damn, I got screwed. I wonder what the price will be on Monday. POS.
skip
posted
This thing has sucked for a while now. Reminds me a lot of AWBV...
promised, but undelivered dividends, stagnant price below .0001...
then a magical huge R/S in an attempt to get the PPS to a higer level...
which, in turn, exposes short positions that you know exists within it's gigantic presplit o/s, the brokers screw it up, the shorts get screwed, and it forces the price to be at a super inflated level in which you can dump more shares into.
brilliant plan really, amazing it's legal. I don't like it, but what are you gonna do? It's the game we play. This might be the start of a trend with these super subbers, perhaps? Hmmm....
My bet is that this is screwed up again after the r/s and this will pull a PAVC/AWYB/PAIM/(insert scam here) type move and go nuts here shortly.
Maybe not though, maybe the brokers or shorts, or whomever has learned their lesson...
somehow I doubt it, but we'll see. I will be watching for sure...
atleast
posted
quote:Originally posted by skip: exists within it's gigantic presplit o/s
and what is actual "gigantic presplit o/s"? Last time I saw something around 10 Billion... Is it correct?
skip
posted
oh boy, I looked at my account and I have 100k shares! Now I will have 40 shares after the R/S. Thought I only had 10k...
atleast...I'm not sure of the o/s right now, 10bil is probably right.
In any case, I won't believe anything until I see it on the daily list...
posted
looks like they did 150:1 forward split in June , makes you wanna think and RS now ????? hmmmmmmmmmm
atleast
posted
quote:Originally posted by MARY LYNCH: looks like they did 150:1 forward split in June , makes you wanna think and RS now ????? hmmmmmmmmmm
no, they did cancel F/S in August 2006:
August 30, 2006 - 10:45 AM EST
Coastal Holdings, Inc. Cancels Forward Stock Split Forward Split Deemed Not in Best Interests of Shareholders Coastal Holdings, Inc. (PINKSHEETS: CSJJ), today announced that it has cancelled the planned 150 for 1 forward split of the Company's common stock. Newly appointed CFO Yves C. Renaud recommended the cancellation to the Board of Directors, which was subsequently approved after analyzing Coastal Holdings' capital structure and the technical reasons provided by the Depository Trust Company (DTC). The Forward Split was deemed not to be in the best interests of the Company's shareholders.
For more information on Coastal Holdings and its new strategic growth initiatives, CEO Andrea Cortellazzi advises all shareholders to contact Mr. Yves C. Renaud, CA.
Forward-Looking Statements
Please be advised that statements made herein, other than historical data, constitute forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those stated or implied by such forward-looking statements. The potential risks and uncertainties include, among others, potential volatility in the company's stock price, increased competition, customer acceptance of new products and services offered by the company, and uncertainty of future revenue and profitability and fluctuations in its quarterly operating results. Please also be advised that the company's stock is not currently registered with the Securities and Exchange Commission.
Source: Market Wire (August 30, 2006 - 10:45 AM EST)
IF they go through with this, someone will screw it up, just watch. And we'll have another super scam stock trading at ridiculous levels...hey, just like AWYB!
watch for this trend. nothing like a huge r/s and a rumor of massive shorting to get your POS scam stock to unreal levels so you can dump more shares. I could have turned $300 into $60,000 with AWYB (.003->.60+), this POS might do the same thing. Major scam no doubt, but so are the others in this position. We'll see. Nothing but a game on this one, interested to see if they actually do it.
CashCowMoo
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wasnt this stock pumped hard for a while?
skip
posted
I think so, it is a HUGE POS. Trading at sub .0001 levels lately. I hope nobody but me still has shares, and certainly don't buy any if you don't. I don't even know if the company does anything anymore, or if they ever did. Strictly a game here, might be an opportunity to make money if this scenario goes down like AWYB. Then again, they might not even do it. Who knows? I bought it as a joke to see if they would really do the 150-1 FS. They didn't. So nothing makes me think they will do this RS. If they do, it could be a great post RS mess. Maybe they'll open a new horizon on the sexual frontier like AWYB?
posted
Yep u r rite.... Hope the trade restrictions get lifted at TDAmtrade soon
madmoney
posted
I threw a hundred at this when they announced the 1000 for one forward split then they cancelled it and now announce a 2500 for 1 R/S!! what a scam!! figured this might happen but took a shot!! oh well on to the next one!
skip
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If this thing drops on huge volume tomorrow after the split, we could have another AWYB type drama in the making...some broker is bound to screw this up and allow non-converted accounts to sell...And I hope it gets some crazy short position so I can get this POS out of my portfolio!
Hitman
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Well I did get the sell order into TDAmtrade... however erlier 2day I got the order in and 20 minutes later they cancelled it.... so The sell order is in again... will have to wait and c what happens
J_U_ICE
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Coastal Holdings, Inc. Announces Postponement of Effective Date of Reverse Stock Split
Tuesday , October 10, 2006 15:50 ET
HOUSTON, TX -- (MARKET WIRE) -- 10/10/06 -- Coastal Holdings, Inc. (PINKSHEETS: CSJJ) today announced that according to the NASDAQ the 1:2,500 reverse stock split has been delayed due to the Columbus Day holiday on Monday. Thus, the effective date of the split has been postponed temporarily and a new date will be announced when available, at which time CSJJ's common stock will begin trading on a split-adjusted basis.
For more information on Coastal Holdings and its new strategic growth initiatives, CEO Andrea Cortellazzi advises all shareholders to contact Mr. Yves C. Renaud, CA.
Forward-Looking Statements
Please be advised that statements made herein, other than historical data, constitute forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those stated or implied by such forward-looking statements. The potential risks and uncertainties include, among others, potential volatility in the company's stock price, increased competition, customer acceptance of new products and services offered by the company, and uncertainty of future revenue and profitability and fluctuations in its quarterly operating results. Please also be advised that the company's stock is not currently registered with the Securities and Exchange Commission.
Coastal Holdings, Inc. Mr. Yves C. Renaud, CA Telephone: 1-514-581-3528 E-mail: y_renaud*sympatico.ca
Source: Coastal Holdings, Inc.
madmoney
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Hitman
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Man..... What A Penny Stock this one is!!!
madmoney
posted
quote:Originally posted by Hitman: Man..... What A Penny Stock this one is!!!
just think tomarrow we open at .25!! where we close?
EverGreen
posted
maybe not AWYB opened at .05 instead of .50 and then booommm (but that was a short squeeze)
quote:Originally posted by madmoney:
quote:Originally posted by Hitman: Man..... What A Penny Stock this one is!!!
just think tomarrow we open at .25!! where we close?
kermit42
posted
You'll open at .25 someday, but not tomorrow.
And the stock will immediately tank. A lot of people will be watching for signs of inexplicable volume. If selling volume is high (which it probably will be), they may assume there is shorting. Even if wrong, there will probably be a bounce back as speculators snap up "cheap" shares and traders with a good sense of timing will have an opportunity for a quick buck. Get in near the bottom, ride the bounce and get out while confusion still reigns.
When that day comes.
skip
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I'm tellin' ya, watch this POS tomorrow. If the R/S goes through in the morning, and volume is massive and the price plummets, I will throw some money at it again. I watched AWYB go from .50 after the split, down to .003, then back up to whatever it is now. In one day I could have made $20k from $300. It could happen here, I think these super POS scam stocks do these in hopes that brokerages will screw up. We shall see.
PLEASE, do not buy this if you don't know what you are doing...right, like I know what I'm doing...
kermit42
posted the effective date of the split has been postponed temporarily and a new date will be announced when available, at which time CSJJ's common stock will begin trading on a split-adjusted basis.
posted
Huh, maybe it will be tomorrow. I have no free cash, but this will still be interesting.
atleast
posted
OTCBB record of R/S at 1:25 PM PR of postponement of R/S at 2:50 PM
coin artists, they are not responding to calls neither emails... hope AWYB scenario will destiny this pos...
kermit42
posted
Today they announce that yesterday's holiday (which apparently took them by surprise) will postpone tomorrow's R/S. At least they have quality management.
posted ![[Big Grin]](biggrin.gif)