quote:Originally posted by Mr. CATIAEngineer: Hah!! Get this for instant heart attack.
I just got a phone call and it was ID'd as my office number. I answer, its the HR Manager. He starts off with "Yea Steve? I hope i didnt interrupt your dinner but when you come in tomorrow........" ARRCCGCGH! "you wont need to bring lunch because yada yada....."
Heh, office lunch tomorrow warranted a call home...and a heart attack. Like it was critical that i didnt pack a sandwhich LOL
Did they buy shares of CSHD?
Haha no, a couple of my colleagues did but this was an unrelated incident. Just something to test my nerves.
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posted
Why is everyone pissing their pants? Can someone explain to me why? Because the company issued a 6 Billion dollar bond to the gov't of Venezuela? Great, so they are in debt for 6 Billion dollars. So what? I'm lost at your enthusiasm...
Or did they BUY a 6 billion dollar bond from Venezuela? That would be pretty impressive, if they paid in cash.
-------------------- Stick with Repo's plan in '07 - FRPT/DKAM!
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quote:Originally posted by Repoman75: Why is everyone pissing their pants? Can someone explain to me why? Because the company issued a 6 Billion dollar bond to the gov't of Venezuela? Great, so they are in debt for 6 Billion dollars. So what? I'm lost at your enthusiasm...
Or did they BUY a 6 billion dollar bond from Venezuela? That would be pretty impressive, if they paid in cash.
we are pissing our pants because we new it would piss you off.
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quote:Originally posted by betting babe: did he buy u the beer?
quote:Originally posted by TaxBack04: You should hear the one about the small business CEO I met the day his company went public. I had an awsome conversation over two cans of "Budweiser" with a down home Southern boy who just became valued at several hundred million dollars. If it had not been for his trophy wife sitting next to him you would never had guessed he was filthy stinking rich.
I guess you could say he bought all the beer that night. He rang the opening bell in New York, and then flew home to Atlanta where he threw a huge out door IPO party in the parking garage next to the building. Pete Ellis was CEO of IXL the company I worked for at the time. Killer party and I was lucky enough to be in town for a team building exercise for the night of the IPO. Like I said very cool story looking back on it. I think Pete Ellis is CEO of Autobuytel.com now. Anyway very cool.
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Posted by: bluediamonds In reply to: bluediamonds who wrote msg# 83147 Date:9/26/2006 6:20:55 PM Post #of 83220
A quick CSHD book value calculation from HSM, FWIW:
Originally Posted by Flipperbw Alright, let's calculate book value:
579,149,833.00 Lehman bond 6,341,092,356.35 new bond .3B UCC Note .5B Venz Bond .959 Finland Bond
TOTAL: 8,679,242,189.35
divided by 120,000,000 o/s
EQUALS = $72.3270
now, this is BOOK
It assumes that all of the bonds are 100% assets. It takes NO jv's into consideration. It assumes the o/s is still 120mil. It does not say what the price will be, since most do 2x - 8x....but let's say 2x as the lowest end:
posted
Just as a side note. Finally heard back from Etrade on the naked shorting issue. Took a week and two e-mails for them to get back to me. Not a long response...
Conversion Solutions has a 100% margin requirement. This means that the security is not marginable, and therefore, cannot be sold short. Should you have any further questions regarding this matter, feel free to contact customer service at the number provided below.
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quote:Originally posted by Repoman75: 10of13, bonds are DEBT. How can they be considered assets?
Ok, so I read this. This is what I get from it. They are now in debt for $6 bil., or they are "holding" the bond... either, way it isn't theirs. So, they are going to use the money for what?
Well, here is what I read: CSHD's main service will be to acquire, fund and provide insurance to target companies in the currently underserved $15,000,000 to $100,000,000 asset finance market.
What does that mean to me? Well, if they ARE LEGITIMATE, they sound like venture capitalists, and to me, that means that will be using the capital to flip companies (kind of like Bain Capital does now). Insurance? I doubt that part... but anyways. In order to value this company, you have to determine how much WORKING CAPITAL they have, how much is really theirs (and not on loan), and determine the expected return on this capital. Then divide that by the outstanding. This will give you the book value.
Feel free to correct me if I'm reading this wrong.
-------------------- Stick with Repo's plan in '07 - FRPT/DKAM!
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quote:Originally posted by cassity: Hey, I was 2 for 2 today......and to think 10of doubtfullness was making fun of me! LOL Oh ya, NICE FREAKIN 8K!!! whaHOOOOOOOOOOOOOOOOOOO!
Nope, actually they still have yet to PR. You havent won yet.
I think we can probably expect one tonight however. Right now only those of us that are watching the SEC really have heard this. It needs to hit the wire still. Would be better overnight so its fresh in the morning, in theory.
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quote:Originally posted by Repoman75: 10of13, bonds are DEBT. How can they be considered assets?
Ok, so I read this. This is what I get from it. They are now in debt for $6 bil., or they are "holding" the bond... either, way it isn't theirs. So, they are going to use the money for what?
Well, here is what I read: CSHD's main service will be to acquire, fund and provide insurance to target companies in the currently underserved $15,000,000 to $100,000,000 asset finance market.
What does that mean to me? Well, if they ARE LEGITIMATE, they sound like venture capitalists, and to me, that means that will be using the capital to flip companies (kind of like Bain Capital does now). Insurance? I doubt that part... but anyways. In order to value this company, you have to determine how much WORKING CAPITAL they have, how much is really theirs (and not on loan), and determine the expected return on this capital. Then divide that by the outstanding. This will give you the book value.
Feel free to correct me if I'm reading this wrong.
Ya know that actually plagued me heavily during the original bond fiasco. I dont understand the bond situation enough to know how it affects the book value dollar for dollar. Honestly, your question hits it exactly for me. People may come back with "This has been DD'd to death" but i guess i just never got it then.
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A bond is a debt, period. The gov't of Venezuela is not GIVING away $6 bil. to CSHD for the hell of it. I'm sure they aren't saying "Here's 6 billion, now turn it into $12!" Maybe if it was Berkshire Hathoway, then I'd believe it.
Now CSHD has the bond. Now what? What does it plan to do with the money? Expected return is how you measure book value for this type of company until they start booking positive returns from their investements in companies.
-------------------- Stick with Repo's plan in '07 - FRPT/DKAM!
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quote:Originally posted by Repoman75: CATIA - it isnt' rocket science.
A bond is a debt, period. The gov't of Venezuela is not GIVING away $6 bil. to CSHD for the hell of it. I'm sure they aren't saying "Here's 6 billion, now turn it into $12!" Maybe if it was Berkshire Hathoway, then I'd believe it.
Now CSHD has the bond. Now what? What does it plan to do with the money? Expected return is how you measure book value for this type of company until they start booking positive returns from their investements in companies.
Well, thats pretty much what we are all waiting for...even those of us without shares i imagine. If someone really IS handing these bonds over in this nature arent you a bit anxious to know why? It has to be pretty big right? Ive made my money on this and im sitting on enough shares to make a difference if this pays out. Ive got a front row seat. All IMO of course.
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posted
No I wasn't making fun of you ...I was really wondering if it was from your new Pm friend...
quote:Originally posted by cassity: Hey, I was 2 for 2 today......and to think 10of doubtfullness was making fun of me! LOL Oh ya, NICE FREAKIN 8K!!! whaHOOOOOOOOOOOOOOOOOOO!
-------------------- #1 Rule: Protect your capital! #2 Rule: Never fall for the BS on the boards!
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posted
12% what? CSHD didn't purchase the bond... where is an OTC company going to come up with $6 bil.??? 11% return is for purchasers of the bond. Are you telling me they bought debt with.. what, CREDIT?? Oh boy.
No. Either they plan to sell the bond themselves and pay off the gov't and use the proceeds for their venture capitalist activities, OR they plan to attract investors to the bond, and use the 11% return to generate say a 20% return, thereby netting 8% return. Either way, I would stop jumping up and down until they announce what their venture capitalist activities are.
-------------------- Stick with Repo's plan in '07 - FRPT/DKAM!
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posted
The bond is not bad, it is pretty good bond look for yourself. Today new bond and 2 8k's not a bad day if you ask me, now what will tommorw bring ....
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...I was really wondering if it was from your new Pm friend... 
