quote:Originally posted by CRab: Right Repo...but the one thing you have to differenciate here IS the fact that we get the share...dilution the way most understand it is when a company increases the share structure and screws the shareholders...that just isn't the case here...THAT needs to be said as well...
No it doesn't. Are you inferring that because its given to shareholders, that you are banking on NOBODY selling shares on the open market and just holding? Is that Rufus' master plan?
"Farewell and adieu to you fair Spanish ladies, Farewell and adieu, you ladies of Spain. For we have received orders to sail back Boston, And so nevermore shall we see you again.
-------------------- Stick with Repo's plan in '07 - FRPT/DKAM!
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All I'm saying is...it's different when a CEO authorizes 500 million shares then sells them on the open market for himself...thereby lowering the shareholder value...
That is not happening here...and the difference needs to be known...
Do you think if the someone sells 10 shares at a $1 it's somehow worse than selling 1 share at $10?
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quote:Originally posted by betting babe: thx everyone for the input. ~BB
Technically it is dilution. Anytime you add more shares to the market it is dilution. However, in this case value is being added to make up for the addition of shares. In most cases the shares are added without the benefit of additional value and has a negative effect on the PPS because of that. The current book value after "dilution" is $11.78 per share x 7 shares, because you are receiving 6 additional shares= $82.46. NOW that is Book Value, the PPS will be determined by the action in the Market.
quote:Originally posted by CRab: That is a great website St.Matt...appears to be lotsa good info there...thanks!
It really is a great place to learn. If you are into options, you should use some of your CSHD money and go to a seminar. Once you join, you are a lifetime member. You can go every time they come to town. They have seminars for all levels. Yes, it can get pricey, but it's nothing compared to the money you can make from what you learn. Also, you can go to a seminar in any city in the world....then write the trip off.
-------------------- "If you go the Extra Mile there will be no Traffic Jams".
posted
I could've sworn personal investing seminars are nondeductable expenses...I specifically remember an example of one in one of my tax research classes...
There is actually a specific line of code prohibiting investment seminars/cruises/trips...
I'm still gonna check it out though...
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quote:Originally posted by CRab: I could've sworn personal investing seminars are nondeductable expenses...I specifically remember an example of one in one of my tax research classes...
There is actually a specific line of code prohibiting investment seminars/cruises/trips...haha...I'm lookin up that code...
I'm still gonna check it out though...
That's incorrect...I was able to write my Optionetics seminar fee off. But then I have an excellent accountant.
BTW...if you decide to look into it, go to the free seminar that will come to your town about a month before the real one. They will give you about a thousand dollars off of the retail price. You can find out when they are coming to your town on the website. Later all...I'm out until tonight or tomorrow.
-------------------- "If you go the Extra Mile there will be no Traffic Jams".
posted
Whew! Got home from school about an hour ago and have been reading the thread and trying to catch up.
quote:Originally posted by Cassity: Jo, you are the only person I know on this board that I feel bad for saling yesterday. I know what has happened the last several months and I completely understand why you would've sold. I'm really sorry to hear that you did, but I believe there is still HUGE growth left in the PPS of CSHD. GLTY
..... I said my feelings for Jo this morning. I understand why she sold and I wish she didn't. Jo has always been light hearted and pleasant to have on this board. I truly hope for the best for you Jo and non of my comments are directed towards you. You are the very reason I'm upset at the bashers. They scared you out of your money and it is WRONG
Thank you Cassity. Those are nice words. I guess I kind of got stomped by:
quote:Originally posted by Skip: 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
It’s okay Skip. I didn’t feel that the board was mocking me. Everyone here has been pretty understanding about my “plight”. Most other cults would have shunned the member who left the fold!
quote:My question still stands, Can someone show me in the 10-KA where the number of shares per shareholder is mentioned? All I see is the names of the shareholders of record as of Oct. 16th
Where is this list as of the 16th. I only see the one on the website as of October 3rd. (which I am on)
-------------------- "Great Day for Up!"....Dr. Seuss
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It shall constitute a "manipulative or deceptive device or contrivance" as used in Section 10(b) of the Act for any issuer of a class of securities publicly traded by the use of any means or instrumentality of interstate commerce or of the mails or of any facility of any national securities exchange to fail to give notice in accordance with paragraph (b) hereof of the following actions relating to such class of securities:
A dividend or other distribution in cash or in kind, except an ordinary interest payment on a debt security, but including a dividend or distribution of any security of the same or another issuer;
A stock split or reverse split; or
A rights or other subscription offering.
Notice shall be deemed to have been given in accordance with this section only if:
Given to the National Association of Securities Dealers, Inc., no later than 10 [calendar] days prior to the record date involved or, in case of a rights subscription or other offering if such 10 [calendar] days advance notice is not practical, on or before the record date and in no event later than the effective date of the registration statement to which the offering relates, and such notice includes:
Title of the security to which the declaration relates;
Date of declaration;
Date of record for determining holders entitled to receive the dividend or other distribution or to participate in the stock or reverse split;
Date of payment or distribution or, in the case of a stock or reverse split or rights or other subscription offering, the date of delivery;
posted
posted at 01:28am, lol...I can understand if some of ya'll weren't around to read it...
quote:Originally posted by CRab: The call just ended with Rufus...(edit)Simon is actually taking off tomorrow and is going to replay tonight's interview with rufus...
I suggest ya'll listen...WELL worth it...pretty long but worth the listen...(edit)Simon did a geat job by the way...
And just to clarify...in case this was not made clear...Rufus said that there are no due bills...that is actually why I started listening in the first place just to find that out, lol...
quote:Originally posted by CRab: posted at 01:28am, lol...I can understand if some of ya'll weren't around to read it...
quote:Originally posted by CRab: The call just ended with Rufus...James is actually taking off tomorrow and is going to replay tonight's interview with rufus...
I suggest ya'll listen...WELL worth it...pretty long but worth the listen...James did a geat job by the way...
And just to clarify...in case this was not made clear...Rufus said that there are no due bills...that is actually why I started listening in the first place just to find that out, lol...
Night all...
I think you are actually talking about Simon the host of SubPennyRadio. And yes there will not be a live show tonight but he is replaying the talk with Rufus last night.
quote:Originally posted by Jo4321: Whew! Got home from school about an hour ago and have been reading the thread and trying to catch up.
quote:Originally posted by Cassity: Jo, you are the only person I know on this board that I feel bad for saling yesterday. I know what has happened the last several months and I completely understand why you would've sold. I'm really sorry to hear that you did, but I believe there is still HUGE growth left in the PPS of CSHD. GLTY
..... I said my feelings for Jo this morning. I understand why she sold and I wish she didn't. Jo has always been light hearted and pleasant to have on this board. I truly hope for the best for you Jo and non of my comments are directed towards you. You are the very reason I'm upset at the bashers. They scared you out of your money and it is WRONG
Thank you Cassity. Those are nice words. I guess I kind of got stomped by:
quote:Originally posted by Skip: 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
It’s okay Skip. I didn’t feel that the board was mocking me. Everyone here has been pretty understanding about my “plight”. Most other cults would have shunned the member who left the fold!
quote:My question still stands, Can someone show me in the 10-KA where the number of shares per shareholder is mentioned? All I see is the names of the shareholders of record as of Oct. 16th
Where is this list as of the 16th. I only see the one on the website as of October 3rd. (which I am on)
Jo did you see the post from HSM from somebody in your situation. Sabra said they will reimburse you
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posted
Member Rated: posted 17-10-2006 15:31 -------------------------------------------------------------------------------- Quote: Originally Posted by kewlman no i didn't b/c you can't release a 10k with a record shareholder date of oct 30 then turn around 4 hours after the close and say opps it suppost to be monday the 16th. I had shares for about a month and sold before the close on moday b/c the 10k said i had to oct 30 to be a record shareholder. Well i did call Sabra Dabbs and told her what happen and she said as long as my name was on the oct 3 list and i sold right before close on the 16th i should still get the 6 additional shares i had when i sold. She said their should be another pr soon about if you sold before the market closed on the 16th.
quote:Originally posted by Neptunetrader94: Ok, guys-2 Questions:
WHen is the cutoff date-is it the 30th of October-as long as you posess shares then, you get whatever the output is?
What is the exact formula? The one they posted was (15/x) - x
But the one that makes more sense (given a book value of 15/share is: (15/x) - 1
Join Date: Jul 2006 Location: Georgia Posts: 60 Quote: Originally Posted by MysteRay With all due respect, 1.80 is not the share we hold, but the price per share we hold.
I am happy with the six and thank you, but I just wanted to make my statement.
$15.00 USD (United States Dollars) Option C
Actual Closing Price = $1.80
15.00 USD / 1.80 ACP = 8.30
8.30 – 1.80 (the share you held on 10/16 at close) = Shares to you (6.53) rounded down to 6
Each share holder (of record on 10/16 10/k filing date) gets 6 newly issued shares from the company
quote:Originally posted by a surfer: Member Rated: posted 17-10-2006 15:31 -------------------------------------------------------------------------------- Quote: Originally Posted by kewlman no i didn't b/c you can't release a 10k with a record shareholder date of oct 30 then turn around 4 hours after the close and say opps it suppost to be monday the 16th.
Hehe.. sure you can.. if you want all those that you know will start shorting and flipping again to jump.. haha
quote:Originally posted by Neptunetrader94: Ok, guys-2 Questions:
WHen is the cutoff date-is it the 30th of October-as long as you posess shares then, you get whatever the output is?
What is the exact formula? The one they posted was (15/x) - x
But the one that makes more sense (given a book value of 15/share is: (15/x) - 1
Join Date: Jul 2006 Location: Georgia Posts: 60 Quote: Originally Posted by MysteRay With all due respect, 1.80 is not the share we hold, but the price per share we hold.
I am happy with the six and thank you, but I just wanted to make my statement.
$15.00 USD (United States Dollars) Option C
Actual Closing Price = $1.80
15.00 USD / 1.80 ACP = 8.30
8.30 – 1.80 (the share you held on 10/16 at close) = Shares to you (6.53) rounded down to 6
Each share holder (of record on 10/16 10/k filing date) gets 6 newly issued shares from the company
Sorry, is it confirmed that this guy is Rufus, or are you just taking his word for it? This is nothing like the statement written in the 10-K.
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quote:Originally posted by Neptunetrader94: Ok, guys-2 Questions:
WHen is the cutoff date-is it the 30th of October-as long as you posess shares then, you get whatever the output is?
What is the exact formula? The one they posted was (15/x) - x
But the one that makes more sense (given a book value of 15/share is: (15/x) - 1
Join Date: Jul 2006 Location: Georgia Posts: 60 Quote: Originally Posted by MysteRay With all due respect, 1.80 is not the share we hold, but the price per share we hold.
I am happy with the six and thank you, but I just wanted to make my statement.
$15.00 USD (United States Dollars) Option C
Actual Closing Price = $1.80
15.00 USD / 1.80 ACP = 8.30
8.30 – 1.80 (the share you held on 10/16 at close) = Shares to you (6.53) rounded down to 6
Each share holder (of record on 10/16 10/k filing date) gets 6 newly issued shares from the company
quote:Originally posted by Neptunetrader94: Ok, guys-2 Questions:
WHen is the cutoff date-is it the 30th of October-as long as you posess shares then, you get whatever the output is?
What is the exact formula? The one they posted was (15/x) - x
But the one that makes more sense (given a book value of 15/share is: (15/x) - 1
Join Date: Jul 2006 Location: Georgia Posts: 60 Quote: Originally Posted by MysteRay With all due respect, 1.80 is not the share we hold, but the price per share we hold.
I am happy with the six and thank you, but I just wanted to make my statement.
$15.00 USD (United States Dollars) Option C
Actual Closing Price = $1.80
15.00 USD / 1.80 ACP = 8.30
8.30 – 1.80 (the share you held on 10/16 at close) = Shares to you (6.53) rounded down to 6
Each share holder (of record on 10/16 10/k filing date) gets 6 newly issued shares from the company
Sorry, is it confirmed that this guy is Rufus, or are you just taking his word for it? This is nothing like the statement written in the 10-K.
You are likely just looking at the original 10K - there was an amended one filed later in the day that has the date as the 16th and how many shares each holder as of COB yesterday will receive on the 30th.
-------------------- Study before you buy, Sell before you think about it....
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posted
So...there is no incentive for anyone to buy now...after the 16th. Unless you believe that the price will go even higher after those who held get their shares (not very very likely). So...this thing should tumble at least until the 30th, if not after because anyone buying after the 16th won't get squat....ohhh I see. Get ready for a major drop if what this HSM poster said was true.
How do you know for a fact it is him?
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quote:Milliam wrote: I feel for Jo as well. But think about it, the pps could be at .25 right now and Jo could have been the smart one to get out. I think Jo did what Jo felt was right to do.
I felt it was right based on the 10k at the time. Had the real 10-K been issued, I would have held on. (maybe not to the newer shares, but at least to my long ones). I feel was truly misled by the first pr.
quote: Originally posted by stocktrader22: I just have to laugh. Okay, first off Rufus didn't want flippers who just wanted to get out at reset, what better idea than to do what he did yesterday.
quote: Originally posted by a surfer: Wow, they are even taking care of you panic sellers. Thats going above and beyond. ________________________________________ Originally posted by TimW: They should have no responsibility for such... Everyone has known about the reset for quite some time, yet continued to take the risk of jumping in and out.
Those that got out monday are the type that rufus wanted to get rid of, supposedly. Why would he want to go back and help those that weren’t in it for the long and only for the quick buck
Surfer and 10 of 13, thanks for pointing out the post from the other board. I hope this is true. I will explain why I think he’d want to go back and help someone like myself and a surfer. It is because I am NOT the type that Rufus wanted to get rid of.
The shares I sold yesterday were some from July 27. I held those shares through all the uncertainty, through all the late nite interviews, through the extension. As far as penny-land timelines, I’d consider over two months holding as being long. I did sell half my shares at the end of September and my intention was just to keep the other half until the NASDAQ listing. As time went on though, I felt confident enough to purchase even more shares. More on 10/10, 10/12 and then even more on that fateful day of 10/16.
When the 10-K came out with the October 30th date, I read it and understood what the date meant. I had no intention of selling. The price started falling. I didn’t know why, I thought maybe I was missing something in the 10-K. It was so close to the closing bell that I couldn’t possible read the entire 10-k. My newer shares were not very cheap, so I decided to sell so that I could read the 10K after hours, digest it and then decide how many shares to buy the next day. The fact that CSHD changed the 10-K to read October 16th instead of October 30th seems very unfair. I know that sounds like whining, however, one can only go by what they read in official filings. The date said October 30th and that is what I based my decision on. If they truly do what a surfer says they will do, it would be an attempt to right a wrong against shareholders who got caught unintended in the inaccurate 10-K.
I am not a "flipper", I am not a "daytrader", I am not a "shorter". I am not the intended target of the events of last night. I was just an unfortunate pawn in the checkmate.
Jo
-------------------- "Great Day for Up!"....Dr. Seuss
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quote:Given to the National Association of Securities Dealers, Inc., no later than 10 [calendar] days prior to the record date involved or, in case of a rights subscription or other offering if such 10 [calendar] days advance notice is not practical, on or before the record date and in no event later than the effective date of the registration statement to which the offering relates, and such notice includes
"is not practical" and "in no event later than the effective date"
first, could have a hard showing why impractical, given the amount of planning, PRs and so forth; second, the amended/corrected stuff came out after trading and today.
Also, the way I'm reading it, I don't see "other" as applying; from "but including a dividend or distribution of any security of the same . ..." I'm seeing "distribution of any security."
-------------------- Nashoba Holba Chepulechi Adventures in microcapitalism...
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