posted
This is from thelatest filing , so we are expecting big news.
13-Sep-2006
Other Events
ITEM 8.01 OTHER EVENTS As previously reported, China Direct Trading Corporation ("China Direct") entered into a Letter of Intent on 13 July 2006 with a minority investment group to establish a new majority-owned subsidiary (to be named "Complete Power Solutions of Miami, LLC" (A Florida limited liability company)) ("CPSM"). China Direct is still in the process of finalizing the structure and negotiations for the formation of CPSM, which did not commence operations as anticipated in mid-August 2006. Currently, the final structure of the relationship with CPSM would have CPSM operating as a subsidiary of Complete Power Solutions, LLC, a Florida limited liability company and a 51%-owned subsidiary of China Direct, ("CPS") rather than as a direct, wholly-owned subsidiary of China Direct. This alternative structure is being pursued because CPSM and CPS anticipate working closely together on sale of commercial and residential standby power generators as well as possible other, related businesses and CPS being involved in and responsible for more of CPSM operations than initially anticipated by China Direct. This proposed cooperation between CPSM and CPS argues for, in the opinion of China Direct and CPS, for CPSM to operate under CPS. China Direct anticipates that CPSM, as a subsidiary of CPS, will commence operations in late September 2006 or early October 2006.Posts: 24 | Registered: Sep 2006
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posted
i like CHDT very much, it has good fundamentals (positive net income improving each quarter!) and we will see more acquisitions in the near term
Posts: 51 | From: Belgium | Registered: May 2006
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