quote:Originally posted by jmoe20: So does that mean the shares i bought 2 weeks ago, i won't be compensated? That doesn't seem accurate... The Corporation hereby chooses option (c) to reset the Share value to an equivalent of $15.00 by issuing additional shares to each shareholder of record as of the close of business on October 30, 2006 10 business days from the filing of this form 10-KSB. The ratio of share issuance will use the following formula ($15.00 divided by the Actual Closing Price on October 30, 2006 (x) minus Actual Closing Price on October 30, 2006) (15 / X - X).
Isn't that $15 / 0 ???? That's an unsolvable math equation!
-------------------- Stick with Repo's plan in '07 - FRPT/DKAM! Posts: 6379 | From: PA | Registered: Dec 2004
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You cant blame this downtrend on the MM's. Its the people ethier not understanding or not liking the 10k think about it day traders dont want to wait until the 30th.
Posts: 242 | From: Michigan | Registered: Apr 2006
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by the equation, if this was at $15 on the 30th, divide by 15, equals 1, then minus the 15.....thats -14....doesnt make sense?
Posts: 379 | From: Peoria, AZ. | Registered: Apr 2006
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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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Remember that RPH said there would be a short elimnation (among all of his comments) and Sabra's reference to CSHD having a game plan.......we should be having faith in our company's officer's words........Just the same, CSHD needs to get the PR out that explains away the confusion and questions that are prevalent at the release of the 10-K, and what the broader plan and future ventures of the company mean, ......actually I'm surprised the 10-K was released before the close.....I was speculating the 10-K and the PR would be done together after the bell.
-------------------- "No nation was ever ruined by trade." Benjamin Franklin Posts: 533 | From: Dooville, Indiana | Registered: Jul 2006
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I can't understand why anyone would not be thrilled. This is just what we wanted. It doesn't matter what happens to the PPS because we will get the eqivalent of $15 PS on the 30th. Whether it is in shares or cash, in my opinion; the same value.
Posts: 557 | From: UpState New York | Registered: Sep 2006
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The shorters really can't win on this, can they? I like that part of it, but not all that happy with the rest. Just feel like there something "hidden" in there somewhere that's gonna change everything. Need time to work through all of this.
quote:Originally posted by Chad: by the equation, if this was at $15 on the 30th, divide by 15, equals 1, then minus the 15.....thats -14....doesnt make sense?
Read before you speak again.
-------------------- - "Pay it Forward" Posts: 1524 | Registered: Jun 2006
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The Company's plan of operations for the remainder of 2006 is to raise capital against its asset base and develop its’ role in the niche market for securities offerings using asset based funding techniques. This entails the development of the CSHD business model. CSHD intends to list its stock on the NASD. To this end, CSHD is in discussion with various market makers to engage in a firm underwriting using a syndicated market distribution approach. Moreover, CSHD intends to set up a captive insurance operation through its’ insurance liaison with Lloyds affiliations, who are members of the CSHD team. CSHD intends to write policies to cover its loans, when applicable and secure the proper re-insurance for underwritten loans through the London reinsurance markets and other applicable markets. CSHD has made arrangements to secure primary insurance against loan loss through the London insurance market and others and has several reinsures available for the underwriting of such insurance through its captive. CSHD is setting up to operate an ABS management company in manage its portfolio. CSHD intends to operate its business and apply for a company rating from Fitch rating service. As CSHD’s public target will have been a corporate entity for more than five (5) years with more than 3 years of operating history, it will qualify for submission to Fitch Rating Service for a company rating. Such a rating will be beneficial in Europe and the US.
what is a syndicated market distribution approach? ~BB
Posts: 2651 | Registered: Apr 2004
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C'mon bell damn it....Longest 5 minutes ever!!!!!!!!!
-------------------- "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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Here is my question.... SOMOEONE PLEASE EXPLAIN
If CSHD is giving us more shares, that means more shares must be put into the market, meaning dilution, meaning reduction of share price, meaning no real benefit?
-------------------- Disclaimer: Not accountable for anything I say Posts: 6266 | Registered: Jun 2004
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This is going to screw the shorters by the gonads. My guess is this is why the PPS is down.
Posts: 557 | From: UpState New York | Registered: Sep 2006
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people aren't this stupid...I have doubts as to the validity of what we just witnessed...
Posts: 2024 | From: New Orleans, LA | Registered: Apr 2006
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quote:Originally posted by portman: Like I said... what is an MM to do...they can't move right now until they understand what this means to them.
Some will sell on weakness. Some will listen to Repo. Some will spend tonight reading and understand their position and decide what to do tomorrow.
Too late to listen to me. If you remember, I came upon the "cult" when it was around .94... I said for all of you to sell when it ran over $3. You won at that point! That was your gift from Rufus, a 300% gain. But no, some of you continue to hold - why? GREED. I guess that's what separates traders from cultists. No different from those who didn't sell when QBID ran, when CMKX ran, etc., went down with the ship.
Greed kills.
-------------------- Stick with Repo's plan in '07 - FRPT/DKAM! Posts: 6379 | From: PA | Registered: Dec 2004
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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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