quote:Originally posted by LucidLight: Hmm maybe they could of offered a cash dividend of $15 - the closing price on oct 30th? That would of been simpler, but would is screw the shorts as much?
And bank rupted the company at these prices... Good call. no handing out stock is safer for the long.
-------------------- Una Mas! Posts: 2717 | From: Eville,IN,USA | Registered: Feb 2004
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quote:Originally posted by cassity: Has anyone thought of the significance of Oct 30th. Well that is the day the 10Q is suppose to be filed by. I believe the company has a plan and if your to impatient to wait and see, go play another stock!
I posed that question earlier because of the timing - someone posted that the 10Q has to be out by Nov 15th...which is correct, and can they get an extension on the 10Q? (sorry for the newbie question)
-------------------- Study before you buy, Sell before you think about it.... Posts: 3903 | From: Gulf Coast | Registered: Jun 2006
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posted
I agree with the good pub associated with listing on Nasdaq. But I was under the impression that there are only two situtations which would drive a stock up this substantially. 1) Supply/demand 2) If the relisting on Nasdaq with the combined companies truely have a value of $15. Which goes back to 1).
If more stock was issued to bring our value up to $15 a share, wouldn't it dilute everyones position and people would sell off until it reached its true value?
Posts: 63 | From: Frisco, TX | Registered: Aug 2006
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quote:Originally posted by cassity: Has anyone thought of the significance of Oct 30th. Well that is the day the 10Q is suppose to be filed by. I believe the company has a plan and if your to impatient to wait and see, go play another stock!
HAHA! Yes of course having the 6.3 billion dollar bond audited should send this way over $15. Rufas won't have to pay a thing. He is just tring to scare the shorts to cover now.
-------------------- Penny Stocks? Might as well be online Gambling....and I think I am addicted. Posts: 24 | From: Jacksonville, FL | Registered: Aug 2006
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posted
The other big question (other than where the shares come from) is when do we move to NASDAQ? That has as much to do with this scenario as anything....shorts are not going to cover between now and the 30th without being forced to...they have had weeks to cover and still haven't done it.
-------------------- Study before you buy, Sell before you think about it.... Posts: 3903 | From: Gulf Coast | Registered: Jun 2006
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posted
Thanks Doc and Tax for the correction on the ratio... I read it from a post and it was wrong... I went back to the 10K and it made sense... still don't like it as much, but it makes sense...
Posts: 48 | From: Texas | Registered: Jul 2005
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posted
I guess a short cover would be the only way the pps would hold (or possibly go up). From what this looks like, the only reason to do something like this would be to screw the shorts, but the timing (giving them until the 30th) doesn't see like it fits here.
Posts: 1028 | From: Georgia | Registered: Jul 2005
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posted
Rufus said he had bought up most of the float. If he was to use those shares, would it still be dilution. He owns those shares and can do what he pleases with them. Correct me if I'm wrong.(only if you really know)
posted
Hey Tax what's next on Rufus's timeline - we're there any more 8K's listed?
Posts: 507 | From: Rochester, NY | Registered: May 2005
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posted
If we don't have a PR by opening tomorrow, I am going to sell first thing and let the pps sink on confusion. I am then going to buy back as soon as the confusion is aleviated, and ride it all the way.
-------------------- Penny Stocks? Might as well be online Gambling....and I think I am addicted. Posts: 24 | From: Jacksonville, FL | Registered: Aug 2006
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posted
I think we will easily sink below the 1.73 tomorrow....
More food for thought...any possibility of moving to the NASDAQ BEFORE 10/30 and those shares being given on the new board? The uplist would create demand more than likely, the shorts would have to cover, and he wouldn't have to "give out" shares...?
-------------------- Study before you buy, Sell before you think about it.... Posts: 3903 | From: Gulf Coast | Registered: Jun 2006
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posted
Very interesting. I'm listening to the rebroadcast of SubPenny Radio and he had an IM from someone who stated there would be a Forward split of CSHD. HMM. This was from last night.
GLTA Wally
Posts: 3255 | From: Los Angeles California | Registered: Jan 2006
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posted
thats OK Doc we will get a straight answer soon I am sure of it. And this 10KSB will be amended. Until then just wait. I am glad I got a percentage in certs at this point. I might be a little less sure of waiting if I didn't have the investment holding me long.
This is going to rock long term if they take it way down and the dilution happens it will take them a good deal of time to cover, and colapse this stock. When things stabilize they reverse it and take back the shares outstanding.
By the way the person who has the broker who called this a "Reverse Split" really should get a new broker. Reverse Splits take shares from the market... Forward Splits add shares to the market. If you broker doen't know that then he really shold quit his job.
GLTA TB
-------------------- Una Mas! Posts: 2717 | From: Eville,IN,USA | Registered: Feb 2004
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Shareholders listen carefully. The company can very likely put out a pr now to explain how everyone receives $15 per share by October 30th in an explanation. Frist of all no one has really read the 10ksb properly and doesn't understand it completely and that is why we should sees news on it and then you could expect the market to react stronger tomorrow because of it. If anyone sells it now they may find themselves out on the conversion by the 30th. Hold strong if you don't want to lose out. Remember today you are either with or without. Therefore if you want to be part of it don't be without.
quote:Originally posted by SherriT: I think we will easily sink below the 1.73 tomorrow....
More food for thought...any possibility of moving to the NASDAQ BEFORE 10/30 and those shares being given on the new board? The uplist would create demand more than likely, the shorts would have to cover, and he wouldn't have to "give out" shares...?
I believe this could be just the ticket. Right now, this would be the best thing for us.
Posts: 1028 | From: Georgia | Registered: Jul 2005
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Shareholders listen carefully. The company can very likely put out a pr now to explain how everyone receives $15 per share by October 30th in an explanation. Frist of all no one has really read the 10ksb properly and doesn't understand it completely and that is why we should sees news on it and then you could expect the market to react stronger tomorrow because of it. If anyone sells it now they may find themselves out on the conversion by the 30th. Hold strong if you don't want to lose out. Remember today you are either with or without. Therefore if you want to be part of it don't be without.
Thanks, Chart - I know you are still digesting too, but what does your gut say?
-------------------- Study before you buy, Sell before you think about it.... Posts: 3903 | From: Gulf Coast | Registered: Jun 2006
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quote:Originally posted by TaxBack04: thats OK Doc we will get a straight answer soon I am sure of it. And this 10KSB will be amended. Until then just wait. I am glad I got a percentage in certs at this point. I might be a little less sure of waiting if I didn't have the investment holding me long.
This is going to rock long term if they take it way down and the dilution happens it will take them a good deal of time to cover, and colapse this stock. When things stabilize they reverse it and take back the shares outstanding.
By the way the person who has the broker who called this a "Reverse Split" really should get a new broker. Reverse Splits take shares from the market... Forward Splits add shares to the market. If you broker doen't know that then he really shold quit his job.
GLTA TB
You read my mind...........That Broker wouldn't be making decisions regarding my money.
Posts: 557 | From: UpState New York | Registered: Sep 2006
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quote:Originally posted by SherriT: I think we will easily sink below the 1.73 tomorrow....
More food for thought...any possibility of moving to the NASDAQ BEFORE 10/30 and those shares being given on the new board? The uplist would create demand more than likely, the shorts would have to cover, and he wouldn't have to "give out" shares...?
I believe this could be just the ticket. Right now, this would be the best thing for us.
I've already turned off all of my charts and what not, but if I recall correctly, we theoretically would hit the sustained price of $1.73 for 30 days a couple of days prior to the 30th...can anyone confirm that?
-------------------- Study before you buy, Sell before you think about it.... Posts: 3903 | From: Gulf Coast | Registered: Jun 2006
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posted
This is one I can't figure out. This is from the beginning of the 10KSB:
Common Stock CSHD's Certificate of Incorporation authorizes the issuance of 200,000,000 shares of Common stock, $.001 par value.
And this is from the later part:
10. COMMON STOCK OUTSTANDING The authorized capital stock of the Company consists of 100,000,000 shares of common stock, $0.001 par value per share, of which 48,898,637 shares are issued and outstanding as of the date of this report.
Is this where the extra shares will come from?
Posts: 1028 | From: Georgia | Registered: Jul 2005
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posted
OK, so price seems to be OK, and they have said the goal is to uplist in the 10K. There was also the PR at the end of September that said they HAVE an MM to sponsor them in the move - not that they were looking for one, that they HAVE one...we have the assets for one of the definitions.
Gang, I am beginning to think there is more between the lines...does NASDAQ or the SEC publish that a company has been approved for listing, or is that something the company has the ability to control?
-------------------- Study before you buy, Sell before you think about it.... Posts: 3903 | From: Gulf Coast | Registered: Jun 2006
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posted
It does seem like a forward split. If they can justify a higher value (which I believe they can and will), then this will just be our first forward split.
Posts: 1028 | From: Georgia | Registered: Jul 2005
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quote:Originally posted by Jenna: IMHO - Rufus is a GENIUS and there is more to this than we know!!
Hope you are right Jenna!!!!
At the moment however, I am kinda feelin a little DIALATED!!!! If you get the drift...
Posts: 3209 | From: poohville ohio | Registered: Apr 2005
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I've been a shareholder for a couple of months. Normally I do not post since I do not have any usefull information to add. However I feel many are interpreting the 10K the wrong way. (15/X)-X is the formula for the extra shares we might get. If the MMs short CSHD into the ground we will get loads of shares on the 30th of October. Many shareholders might be thinking: What is the point of this? It will just dilute our shares..... That is not the whole story though. Rufus has made it known that we will move to the NASDAQ. What if we move to the NASDAQ BEFORE the 30th of October? The shorters would have to cover. Especially when a huge forward split could be happening. If they are short 75 million shares now already they will have to cover an incredible amount of shares later on. Let's say the PPS will be 2.00$ on the 30th of October. (15/2) - 2 = 5.5 You would get 5.5 extra shares for every share you have already. Where are the shorts going to get these when we move to the NASDAQ? It means they would have to cover 75 million + 5.5 x 75 million which would be 487.5 million shares since they do not OWN any real shares. If we assume the float to be 50 million by then that would create a massive short squeeze. Far bigger then it is at this time and even at this time they are trying to hold it down, but are unable to. CSHD is slowly trending upwards. With such a low amount of real shares in circulation CSHD shareholders could almost ask any price they could think of for their shares. Especially if the new shares would be restricted. The announcement of new deals will add extra pressure to the shorters. By setting the date for the extra shares on the 30th of October and moving to the NASDAQ before that time Rufus could make it a ticking time bomb. He gives the shorters the option to cover fairly cheap in comparison before the 30th or cover loads more after the 30th.
Please keep in mind all of the above is in my opinion only. I do not have access to any special information other than the information all other shareholders also have.
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