quote:Originally posted by dollar13: ok let me get this straigth ,so if i buy shares on friday 27 ,then MONDAY the 30th i will have 6 more shares for each ones i bought friday is that right??????
NO. It's based on the number of shares you held at EOD yesterday the 16th. The 30th is when the shares will be delivered.
ok that mean than if someone buy today he/she will not get those extra shares the 30th right?
Posts: 4112 | Registered: Jun 2006
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quote:Originally posted by dollar13: ok let me get this straigth ,so if i buy shares on friday 27 ,then MONDAY the 30th i will have 6 more shares for each ones i bought friday is that right??????
NO. It's based on the number of shares you held at EOD yesterday the 16th. The 30th is when the shares will be delivered.
Ok, so in the meantime if I were to flip and sell all out making money, I may then buy back those shares that I started with before the 30th, possibly cheaper and still make out!!!! AWESOME!!!
-------------------- I buy fast and sell faster! Posts: 2018 | Registered: Jan 2006
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quote:Originally posted by stocktrader22: Here are some of my thoughts:
I really love how this is all playing out, but I can't get the too good to be true out of my mind. I am holding long and strong, but here is what doesnt make sense to me. After the 6:1 ratio the book value will be $11.00 based on current assets, but not even based on another 8 billion Rufus says he has "contracted".
If we go to Nasdaq this will surely boost price too. The one thing that concerns me is that yes we have all these bonds, but where is the business plan and the JV's etc...that will make investors see the true worth of the company. If he has 15billion in bonds, but doesnt use it, then it means nothing.
Also here is the clincher...how in the world can Rufus make many investors millionaires or more. I put in a measly $8,000 in this stock, and if the price gets to $25 at one point post 6:1 ratio is $929,950.
So if this company was for real, with the assets they have compared to other companies, most of the companies trade in the $60-$150 range.
So if we can hit $25 and be on nasdaq, im a millionaire? Seems impossible.
Stock, did you listen to Rufus last night? This company is huge. We are going to get even BIGGER! Rufus is a very intelligent business man, he has never failed us even ONCE. Let's just sit back and thank God that he has given us a financial opportunity like this. GLTY and enjoy it!
I did hear Rufus last night. But keep in mind what else has he done, besides being the CEO of BBAN a crappy penny stock? What I'm saying is, the company has the potential to be huge, but the one thing that concerns me is where the money from the bonds will be going, we havent seen any business plan at all!
Trust me, I want this to be HUGE, being 20 years old and making close to a million dollars is HUGE. But the question is, will investors ever have enough confidence in this one to be able to trade it close or past its book value?
-------------------- Disclaimer: Not accountable for anything I say Posts: 6266 | Registered: Jun 2004
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posted
At the end of the interview last night(around 1:20am) he went into exactly what they do...and how they make cash...you really should listen...it will open your eyes...
Not to mention the rest of the three hour interview...all of these questions are answered...listen to the interview people
Posts: 2024 | From: New Orleans, LA | Registered: Apr 2006
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quote:Originally posted by St. Matthew: No offense Skip...but any investor that can't see this as a wonderful opportunity to double, triple, quadruple their money in the next 6 months should not be investing...period!
actually, that is kind of offensive.
Note that I wished you all luck and hope for the best for you all. Allstocks has traditionally been a board for stock discussion. I was just discussing my thoughts. I knew I shouldn't have posted that, I figured I would get some backlash. I just feel for your "brethren" that sold yesterday (such as Jo) and now everyone is mocking them.
again, good luck to everyone. I respect most of the folks on this board and hope this all pans out the way you want it to.
I am going to jump in only because I have worked with you, St. Matt, here, and have worked with Skip elsewhere on the board....both of you are super guys with great intentions.
Skip, I don't believe the people who sold yesterday are being mocked, though I do feel very sorry for them. To me, this was a classic case of rewarding longs vs. flippers, and any one of us could have gotten caught with our pants down. I do agree that there are amazing opportunities coming even without getting the extra shares, though I think St. Matt's choice of words was more from excitement than intending to cause offense.
Hope my comments don't cross either of you the wrong way...I want to see everyone make loads of dough, or at least be happy with the choices they make. [/QB]
SherriT...thanks, you are correct. I was just saying there is so much opportunity to make more money in this stock. If people can't see that...well, I can't help them. I am truly sorry for those who got out...honestly. If you go back and read my posts, you can see that I only want positive results for all (except the shorts).
Jo...I didn't know you got out...sorry to hear that. I'm not saying that I never considered it weeks ago when we were waiting, waiting, waiting for the 10-K and we were told it would be here...only to see the extension filed. Wow, was I bummed...go read my posts. But I believed in this group and the DD we do and I knew it would be OK. I listed to the clues and knew it would be a mistake to get out, or try to flip.
Skip, wait for a good entry point and get back in...the water is fine. Hey, I didn't hear about this stock until it was over a buck. My average purchase price is about a buck fifty. I was a bit bummed that I heard about it 2 days after the merger news and could have bought shares for a song, but I'm happy with what I have now because I believe in this company and where it is going. Again...GLTY.
-------------------- "If you go the Extra Mile there will be no Traffic Jams".
St. Matthew Posts: 885 | From: Dallas, Texas | Registered: Sep 2006
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posted
Sandusky is correct...and Sandusky...go ahead and answer...sometimes the poster asks a question of someone...but that someone doesn't come back on to post...so DON"T shut up...LOL
quote:Originally posted by Sandusky:
quote:Originally posted by dollar13: ok let me get this straigth ,so if i buy shares on friday 27 ,then MONDAY the 30th i will have 6 more shares for each ones i bought friday is that right??????
NO. It's based on the number of shares you held at EOD yesterday the 16th. The 30th is when the shares will be delivered.
-------------------- #1 Rule: Protect your capital! #2 Rule: Never fall for the BS on the boards! Posts: 8890 | Registered: Jan 2006
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quote:Originally posted by stocktrader22: Here are some of my thoughts:
I really love how this is all playing out, but I can't get the too good to be true out of my mind. I am holding long and strong, but here is what doesnt make sense to me. After the 6:1 ratio the book value will be $11.00 based on current assets, but not even based on another 8 billion Rufus says he has "contracted".
If we go to Nasdaq this will surely boost price too. The one thing that concerns me is that yes we have all these bonds, but where is the business plan and the JV's etc...that will make investors see the true worth of the company. If he has 15billion in bonds, but doesnt use it, then it means nothing.
Also here is the clincher...how in the world can Rufus make many investors millionaires or more. I put in a measly $8,000 in this stock, and if the price gets to $25 at one point post 6:1 ratio is $929,950.
So if this company was for real, with the assets they have compared to other companies, most of the companies trade in the $60-$150 range.
So if we can hit $25 and be on nasdaq, im a millionaire? Seems impossible.
Stock, did you listen to Rufus last night? This company is huge. We are going to get even BIGGER! Rufus is a very intelligent business man, he has never failed us even ONCE. Let's just sit back and thank God that he has given us a financial opportunity like this. GLTY and enjoy it!
I did hear Rufus last night. But keep in mind what else has he done, besides being the CEO of BBAN a crappy penny stock? What I'm saying is, the company has the potential to be huge, but the one thing that concerns me is where the money from the bonds will be going, we havent seen any business plan at all!
Trust me, I want this to be HUGE, being 20 years old and making close to a million dollars is HUGE. But the question is, will investors ever have enough confidence in this one to be able to trade it close or past its book value?
This investor does, cause I go off of filings!
Net Income for the fiscal year ending of June 30, 2006 was $18,530,865. Total Assets for the fiscal year end was $830,009,352. Total Shareholder equity for the fiscal year end was $789,508,292. Total issued Shares as of year end was 62,489,721, given the corporation a calculated book value of $12.63 as of June 30, 2006. With the addition of the Lehman Brothers Holdings PLC Bonds of $450,000,000 Euro ($564,092,494.32 USD as of October 16, 2006 at 7:26 pm), the Republic of Finland Sovereign Bonds of $749,000,000 Euro ($939,000,348.90 USD as of October 16, 2006 at 7:26 pm) and the Contract expansion with the Caracas Group of $5,000,000,000 USD the corporation currently has an asset portfolio of $7,292,601,135.22. (!!!!!!!!!!!!!!!!!!!!!)
posted
I just want to know where they are going to get all of the money to pay out to share holders. Say there are about 4,500 share holders total, and say on average each person makes $45,000 that's $202,500,000. I don't know many companies that can afford to give out that kind of money to its shareholders...
Posts: 127 | Registered: Oct 2006
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quote:Originally posted by dollar13: ok let me get this straigth ,so if i buy shares on friday 27 ,then MONDAY the 30th i will have 6 more shares for each ones i bought friday is that right??????
NO. It's based on the number of shares you held at EOD yesterday the 16th. The 30th is when the shares will be delivered.
Ok, so in the meantime if I were to flip and sell all out making money, I may then buy back those shares that I started with before the 30th, possibly cheaper and still make out!!!! AWESOME!!!
that is what i thou.... good play for FLIPERS like me
quote:Originally posted by dollar13: ok let me get this straigth ,so if i buy shares on friday 27 ,then MONDAY the 30th i will have 6 more shares for each ones i bought friday is that right??????
NO. It's based on the number of shares you held at EOD yesterday the 16th. The 30th is when the shares will be delivered.
Ok, so in the meantime if I were to flip and sell all out making money, I may then buy back those shares that I started with before the 30th, possibly cheaper and still make out!!!! AWESOME!!!
-------------------- #1 Rule: Protect your capital! #2 Rule: Never fall for the BS on the boards! Posts: 8890 | Registered: Jan 2006
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posted
I think Jmoe is confused...and me thinks you guys selling out...are going to miss out...it was stated in the interview last night...you sell you are going to miss out...
Posts: 2024 | From: New Orleans, LA | Registered: Apr 2006
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quote:Originally posted by MoneyMoneyMoney: Ok, I'm out. Guaranteed profit.
I will look to get back in cheaper with the exact same number of shares I held on the 16th.
Good luck all and I'll keep an eye on it for sure!
greed kills the fact that its filed to the sec i feel MUCHH better cuz if he ****s us over hell be where he belongs, in jail
Posts: 3086 | From: miami | Registered: Nov 2005
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quote:Originally posted by BuckyBarnes: Has any one been able to pull up the CSHD website this morning? It seems the site is down at the moment to me......
Bump............still down? and can not pull up SONGWI.COM either.
-------------------- "No nation was ever ruined by trade." Benjamin Franklin Posts: 533 | From: Dooville, Indiana | Registered: Jul 2006
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quote:Originally posted by jmoe20: I just want to know where they are going to get all of the money to pay out to share holders. Say there are about 4,500 share holders total, and say on average each person makes $45,000 that's $202,500,000. I don't know many companies that can afford to give out that kind of money to its shareholders...
The money is made when some one else buys your stock.
Posts: 942 | From: Wisconsin | Registered: Jan 2006
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posted
I'm an idiot, i didn't mean to word it like that.... It's hard to come up with something when i have to keep minimizing my screen cause my supervisor is walking by....
Posts: 127 | Registered: Oct 2006
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posted
jmoe when people sell. how much they make will be dependant on the pps at the time of the sale. The company isn't buying these shares from anyone.
quote:Originally posted by skip: hey, I was just talking with you guys, now some peeps knock my rating down? I was respectful and wished everyone well.
oh well, ratings mean...yeah, nada.
I won't bug ya anymore, good luck all.
SherriT, thanks! St. Matt, no worries bro. everyone else, GLTY!
Skip...I would give you some stars, but your rating thingy is off.
-------------------- "If you go the Extra Mile there will be no Traffic Jams".
St. Matthew Posts: 885 | From: Dallas, Texas | Registered: Sep 2006
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quote:Originally posted by jmoe20: I'm an idiot, i didn't mean to word it like that.... It's hard to come up with something when i have to keep minimizing my screen cause my supervisor is walking by....
Jmoe20 nothing is probably going to happen that you can't catch up on tonight. Watch out for your supervisor.
Posts: 942 | From: Wisconsin | Registered: Jan 2006
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quote:Originally posted by MoneyMoneyMoney: Ok, I'm out. Guaranteed profit.
I will look to get back in cheaper with the exact same number of shares I held on the 16th.
Good luck all and I'll keep an eye on it for sure!
You may have just sold out of your 6:1 ratio.
Not if my name is on the list twice and I kept a few shares to stay on record. I should have said almost all out. I may then pick up less or that amount in which I held the 16th depending on how I feel in a few weeks.
-------------------- I buy fast and sell faster! Posts: 2018 | Registered: Jan 2006
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Originally Posted by Cowboys5Rings I called CSHD to find out if any shares purchased today would qualify for the 6:1. They said they would not. Come Oct 30th any share purchased after the close of Oct 16th would not receive any additional shares. Let me make it simple. 1000 shares purchased on trading Oct 17th will be 1000 shares on Oct 30th. 1000 shares owned prior to close Oct 16th will be 7000 shares on or around Oct 30th.
Personnal opinion, I don't see this price moving up much until they can get off this pink sheet manipulation and onto the NASDAQ.
I am new to writing on the board but have been reading for weeks. Thanks to all have written good posts. MM's and shorters go away. I am in this LOOOOOOONGGG.
Posts: 1453 | From: Wisconsin | Registered: Jul 2006
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quote:Originally posted by milliam: So from all of this, we are up $1.70 for the day??? (1.80/6 = .30)
This seems like a hard thing to calculate. I'm new to this (well, it sounds like we're all new to THIS), but I was wondering about what the pps is going to do based off of this 6:1 deal.
At first, I thought the price would be divided by 6 on the 30th, but it sounds like the shares were based off of yesterday only, thus the price would adjust based off of yesterday's close.
If this has yet to adjust based off of the 6:1, then we need to be trading at $10.80 before the adjustment. That would put us back to $1.80 (where we'd all actually have $15 per old share). If we fall below $1.80 then we'll all be under $15 per old share.
I don't think there will be a sudden adjustment, but I figure the pps will adjust at some point. Then again, I guess you can't base the pps just off of the 6:1, you need to factor in the new BV as well. Now, if you could only get some people to factor in that BV!
Bump....do these numbers make sense to anyone?
Posts: 1028 | From: Georgia | Registered: Jul 2005
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posted
rufus said many times that buyers are coming in...these people are working with government foundations and projects... sawwweeet
Posts: 3086 | From: miami | Registered: Nov 2005
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posted
So if a share purchased today only gives you one share after the 30th, then the naked shorters would have to buy 7 shares today to cover!
Posts: 1028 | From: Georgia | Registered: Jul 2005
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-------------------- "I will smack you in the mouth, I'm Neil Diamond"- Will Ferrell Posts: 4190 | From: Rhode Island | Registered: Mar 2006
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