posted
Correct me if my math is wrong but shouldn't we get 7 shares for every share instead of 6.
$15.00-$1.80=$13.20 divided by $1.80=7.3333 rounded down to 7????
The Threshold Price Reset means that for every share you owned as of the close of business today you will receive 6 additional share (no fractions will be issued and will be rounded down to the nearest whole) of CSHD on or around October 30, 2006. This transaction will take the total issued share number to 618,813,942 giving the corporation an estimated book value of $11.78,' stated Rufus Paul Harris, Chief Executive Officer.
Posts: 942 | From: Wisconsin | Registered: Jan 2006
| IP: Logged |
posted
I was just thinking that fhal. So is this the way it will go down?
tax they had to increase the o/s 6 times. Now on 30th when these shares become active what ever we close at on the 29th on the 30th we'll have 6 times the amount of shares, but our pps will be divided by six? At least that how I'm understaning this.
quote:Originally posted by Sandusky: Holy crap it just hit me...I think they did this on purpose...insanely brilliant (I think).
I thought they did this on purpose with the extension notice as well or was it the 8K, I forget.
Posts: 942 | From: Wisconsin | Registered: Jan 2006
| IP: Logged |
posted
Don't get caught with your pants down!! Listen to him folks...don't panic ! If you have certs you got some divy yeeeehawwww!!!! LOve it Plus the dts he told everyone, listen ^ shares for every share yes yes doing the dance doing the dance lovin it baby!!!!!!!!
-------------------- Never lookback... Posts: 896 | From: NY | Registered: Jul 2006
| IP: Logged |
quote:Originally posted by Sandusky: Holy crap it just hit me...I think they did this on purpose...insanely brilliant (I think).
I thought they did this on purpose with the extension notice as well or was it the 8K, I forget.
I don't know but this is better...especially since it tanked so hard. The further it went down this afternoon the more shares we get (right?). I bet this was the first time Rufus has ever wanted the pps down. Unbelievable...this guy purposely tanked his own pps in order to improve the results of this formula? Can that be right? LOL...
-------------------- One shot - One kill. Posts: 216 | Registered: Jul 2006
| IP: Logged |
With a CEO like this i am going to be holding a long time!!!!
-------------------- 'The rewards for those that persevere, far exceed the pain that must proceed the victory!' Posts: 399 | From: leeds, england | Registered: Jul 2006
| IP: Logged |
posted
So with 6 extra shares per share I own I will have 71,911 shares * $1.80 current pps for a total of $129,440 or multiplied by the projected $11.78pps = $847,112 NOT BAD!!!
Posts: 942 | From: Wisconsin | Registered: Jan 2006
| IP: Logged |
posted
We are the true longs We got what we've been holding on for we are just about there!!!!!!!! Darn this is tooooo goooood peeps partytime party time! Guys gals all the dd you have done ...It's paying off! BB, Rat, Chart, 10 ,Mr Cat, I don't know about you but we are gonna be fithy rich when this hits nasdaq!!!!!!!
-------------------- Never lookback... Posts: 896 | From: NY | Registered: Jul 2006
| IP: Logged |
posted
[/QUOTE]I don't know but this is better...especially since it tanked so hard. The further it went down this afternoon the more shares we get (right?). I bet this was the first time Rufus has ever wanted the pps down. Unbelievable...this guy purposely tanked his own pps in order to improve the results of this formula? Can that be right? LOL... [/QUOTE]
I never thought of the end the day low scenario? WOW!!!
Posts: 942 | From: Wisconsin | Registered: Jan 2006
| IP: Logged |
posted
Congrats to longs...watch for a swift move to the nasdaq...if you sold today you were warned to not be caught with your pants down..
Posts: 559 | From: MN | Registered: Apr 2006
| IP: Logged |
posted
This thing is looking good, but I have some questions...
When did they raise the A/S to cover this? Did they have to?
Secondly, anyone want to guess what this will do to the pps tomorrow? It would seem like its too late for the shorts to cover. Is the pps going to be 1.80/6? I would think it would go up, but only because of the shorts. Since the date to get in on this was today, why would anyone want to buy tomorrow unless the pps is still really low? I think maybe he should have made the date tomorrow. That would have pushed the pps way up IMHO.
Good luck to us all!
Posts: 1028 | From: Georgia | Registered: Jul 2005
| IP: Logged |
quote:Originally posted by Portman: Jo...you are honest but I hope you do not get caught. I have no idea what tonorrow will bring but I bet tonight brings a PR.
Well, I guess you were right about that. Darn, 4 months of waiting and I panicked at crunch time.
This sucks.
Jo
-------------------- "Great Day for Up!"....Dr. Seuss Posts: 3387 | Registered: Mar 2006
| IP: Logged |
posted
I am feeling golden - I even bought more this morning - Sweet. I am reserving my emotions for the full out party when my account value increases. Awesome PR!
Posts: 507 | From: Rochester, NY | Registered: May 2005
| IP: Logged |
posted
beats the hell out of me. Sounds like he's just adding a 6 for 1 split divy style though
-------------------- All post are my opinion. Do your own DD. Who's clicking your buy/sell button!? Posts: 7800 | From: Virginia | Registered: May 2006
| IP: Logged |
posted
jeese...tanking his own stock to raise the price for those that had faith and held...boy-o-boy am I glad I made my peace with this some time ago...in the past i would've gotten nervous and sold this afternoon...
Rufus is teaching some valuable lessons here, lol...take'm for what they're worth people...
Posts: 2024 | From: New Orleans, LA | Registered: Apr 2006
| IP: Logged |
posted
THe point I've been making is the dilution which the PR confirms.
That being said I'm glad I didn't sell today. The one question I have is that there is a requirement from NASD of a dividend being published 10 days prior to the record date. We need to figure out how Rufus got around that. Was it the fact that the 8K established a $15 reset.
Also this means that the MM's have no choice but to cover in the market.
GLTA Wally
Posts: 3255 | From: Los Angeles California | Registered: Jan 2006
| IP: Logged |
quote:Originally posted by milliam: This thing is looking good, but I have some questions...
When did they raise the A/S to cover this? Did they have to?
Secondly, anyone want to guess what this will do to the pps tomorrow? It would seem like its too late for the shorts to cover. Is the pps going to be 1.80/6? I would think it would go up, but only because of the shorts. Since the date to get in on this was today, why would anyone want to buy tomorrow unless the pps is still really low? I think maybe he should have made the date tomorrow. That would have pushed the pps way up IMHO.
Good luck to us all!
Still an amazing buy, a 12 dollar stock (with no multiple) trading at 1.80, you do the math
Posts: 559 | From: MN | Registered: Apr 2006
| IP: Logged |
posted
Do you think they are stating that today is the "Record Date" and if so you would still be able to buy until the Ex-Date and still get the Divy. Just a thought.
Posts: 507 | From: Rochester, NY | Registered: May 2005
| IP: Logged |
posted
OMG...Jo you sold? ALL? I was mad at myself for trying to do A flip with some of my shares...and not buying back in...cause I had an emergency...but...I am so sorry... You can still get in low in the am....and the PPS is going to continue to climb...
-------------------- #1 Rule: Protect your capital! #2 Rule: Never fall for the BS on the boards! Posts: 8890 | Registered: Jan 2006
| IP: Logged |
posted
So...here is the question...is the PPS going to top $71.00 in the next two weeks?
Posts: 2024 | From: New Orleans, LA | Registered: Apr 2006
| IP: Logged |
quote:Originally posted by JHenry: Do you think they are stating that today is the "Record Date" and if so you would still be able to buy until the Ex-Date and still get the Divy. Just a thought.
Shouldn't we see a Dividend/Split filing on this very soon?
Posts: 507 | From: Rochester, NY | Registered: May 2005
| IP: Logged |
Topic Closed
UBBFriend: Email this page to someone!
Printer-friendly view of this topic
![[Wink]](wink.gif)
![[Smile]](smile.gif)
