posted
Yes Donni you should call if you want an answer for your q. I am sure they will tell you the truth ... I sure hope you get it...heck you've had enough to worry with your newborn ...where'd you find time to sell? glty
-------------------- Never lookback... Posts: 896 | From: NY | Registered: Jul 2006
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quote:Originally posted by Chad: i convinced by latest PR, if you bought today, you own today, youget the extra shares.
my question is on the 30th, are we resetting the price at $15 or is it to stay whatever price its at??
cause it'd seem odd to give us all these extra shares to equal a $15 dollar pirce and then reset at $15, that a multipiling it many times....Rufus would have to love his shareholders to do that.
I think he is hoping the price will inflate itself up to or close to $15 by that time? Anyone else?
Posts: 942 | From: Wisconsin | Registered: Jan 2006
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quote:Originally posted by Chad: i convinced by latest PR, if you bought today, you own today, youget the extra shares.
my question is on the 30th, are we resetting the price at $15 or is it to stay whatever price its at??
cause it'd seem odd to give us all these extra shares to equal a $15 dollar pirce and then reset at $15, that a multipiling it many times....Rufus would have to love his shareholders to do that.
Says 15.00 per share equivelent to EOD 10/16 which was 1.80- from that they put the formula to work and we get 6x divi. I think its regardless of current PPS on 10/30 but I can easily be wrong
-------------------- Got CSHD? Its fun Posts: 766 | From: Washington, DC | Registered: Sep 2006
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quote:Originally posted by Doniboy: So you think I shou;d call Scottrade glassman and explain my situation?
i think it is best to POLITELY alert them of the situation right away so they can act apropriately when they get the shares from the transfer agent...
sometimes in cases like this? people get shares they are supposed to forward because of sttlement issues? and they sell them instead of forwarding them? guess what? they are SHORT...
the brokers know this..
-------------------- Don't envy the happiness of those who live in a fool's paradise. Posts: 36378 | From: USA | Registered: Sep 2003
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posted
I sold above $3.00 and was looking for a bottom. I thought I found it this morning so I jumped back in.
anyone have Mitch's e-mail?
-------------------- "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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quote:Originally posted by Chad: as I read the PR, whatever shares you own at end of today, you get 6 more shares for each 1.
But do you need to hold them all until the 30th to get them all?
I would recommend that you DO NOT SELL until you have the divy! You could very well be selling your shares with the divy attached.
Posts: 507 | From: Rochester, NY | Registered: May 2005
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I'm not usre about how this will be handled but to be a share holder of record means that a person would have had to buy the shares last Wenesday to be an offical shareholder of record today, which could possible mean that you lucked out and will get the distribution. There is something called trading with due bills but I'm not sure how that would be handled here. Who knows. This is different than anything before so hope reigns eternal.
GLTA Wally
I highly doubt they can legally "back-date" a dividend issue.
For one, divvies are supposed to be filed with NASD/NASDAQ, which then causes same to be posted on OTCBB's dailylist.
In other words, I don't think you can have a "secret" divvy.
If this is coming down as an f/s, it will have to be filed...if it's common stock? it *should* have an ex-date: restricted shares and cash divvies have slightly different regsm wherein the T+3 does come into play...
Now...that being said, GVRP/MAMG has been mentioned before...that company was able to pull off what was essentially an illegal reverse split, which has been never filed or posted. It was apparently a "back-channel" agreement through NASD legal and an attorney in New York, and by brokers acting off company PRs and TA instructions. However, the company never traded out on open market again, either; months passed and they shuffled assets off to yet another company...
quote:Originally posted by Chad: as I read the PR, whatever shares you own at end of today, you get 6 more shares for each 1.
But do you need to hold them all until the 30th to get them all?
I would recommend that you DO NOT SELL until you have the divy! You could very well be selling your shares with the divy attached.
I plan on holding them all but if this thing goes crazy say up to $50 etc. I may sell a few early, probably not!!!
Posts: 942 | From: Wisconsin | Registered: Jan 2006
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posted
Now that all of our names are posted on the CSHD web site, I hope we don't get any crazy solicitations based on our hopefully new found wealth.
Posts: 942 | From: Wisconsin | Registered: Jan 2006
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posted
this will answer some questions...and raise some more...just wanna make sure everyone sees this...
quote:Originally posted by CRab: This is from that link I posted earlier...
I'm just not following that highlighted sentence...it doesn't make sense?
Oh...and pay special attention to that second paragraph...if I'm reading it right...you can really screw yourself here if you sell before the divi date...
quote: Sometimes a company pays a dividend in the form of stock rather than cash. The stock dividend may be additional shares in the company or in a subsidiary being spun off. The procedures for stock dividends may be different from cash dividends. The ex-dividend date is set the first business day after the stock dividend is paid (and is also after the record date).
If you sell your stock before the ex-dividend date, you also are selling away your right to the stock dividend. Your sale includes an obligation to deliver any shares acquired as a result of the dividend to the buyer of your shares, since the seller will receive an I.O.U. or "due bill" from his or her broker for the additional shares. Thus, it is important to remember that the day you can sell your shares without being obligated to deliver the additional shares is not the first business day after the record date, but usually is the first business day after the stock dividend is paid.
Posts: 2024 | From: New Orleans, LA | Registered: Apr 2006
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posted
ok, it said we get the 6 shares on the 30th. So those 6 shares will be worth whatever price their at that day.
thus, you wont get 6 more shares per share now at this price of 1.80.
my guess is they pump it up to close to $15 by end of week, so they are basically giving you free shares, but at current price and not also giving a % gain to boot. any thoughts?
Posts: 379 | From: Peoria, AZ. | Registered: Apr 2006
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posted
Thus, it is important to remember that the day you can sell your shares without being obligated to deliver the additional shares is not the first business day after the record date, but usually is the first business day after the stock dividend is paid.
that's why i say talk to your broker and get it in writing...
-------------------- Don't envy the happiness of those who live in a fool's paradise. Posts: 36378 | From: USA | Registered: Sep 2003
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quote:Originally posted by luvforever: If I am correct ...like simon said it has to be on record and buys today won't be, and sells you get what you had I do believe minus 1 cause you sold so maybe jo you might have lucked out..
i'm not listening to simon...
BUT? i can tell you that he is wrong...
if i or you bought shares today?
i or you am/are the OWNER today...
this settelment thing is BS...
i've bene thru it several times... just call the broker and tell them, they'll get your shares...
the shares may be delivered to the incorrect place? but they are owed to the buyer...
this paly is unique, but the PR says clearly that if you owned them at CLOSE today the new shares are yours:
"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.
when you buy? you OWN...
agree & disagree...
yup, we been through it--and seen PR's "rule" over regs--but to keep trading the company will have needed to file properly. In other words, we've also seen hundreds of companies screw up PRs on divvy plays...
am not up to speed here, but if this is turning out to be a "traditional" div play? Needs to be filed...
posted
Chad If you currently have 1,000 shares you get 6,000 FREE ones for a total of 7,000 shares no matter what the pps is on the 30th.
Posts: 942 | From: Wisconsin | Registered: Jan 2006
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posted
I sent Scottrade an e-mail asking about my situation. Anyone have Mitch's e-mail?
-------------------- "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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posted
Yes be very careful if due bills are attached. In essence you would be trading away your rights to the 6 additional shares. As before we need more information.
GLTA Wally
Posts: 3255 | From: Los Angeles California | Registered: Jan 2006
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posted
With these free shares the price would need to drop down to .27 for me to actually lose any money!!! Not likely.
Posts: 942 | From: Wisconsin | Registered: Jan 2006
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Have you actually read the PR this evening? It states that with all of the assets...some 7.2 billion...the book value is 71.00
Divide that by the multiplier for the divi and you get around a 11.00 book value...stocks usually trade at twice that value...so essentially the stock was just reset anywhere from 11.00 to 2 or 3 times that...
Posts: 2024 | From: New Orleans, LA | Registered: Apr 2006
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posted
I think Wally posted this earlier. Basically, he said we need to quit thinking like this is a little company. Rufus is playing this like a massive company, and making decisions likewise. If we make our decisions like it is still a penny stock, we're lost.
As for those who sold? Why not stay long? Who can say, it is a personal belief. One person looks at it and is fine, someone else sees the same thing and it scares the hell out of them. I am thankful beyond belief that my shares haven't moved since they were bought.
The windfall for all of us is there, just as Rufus always promised. The
Stay long! Stay strong!
-------------------- Stay strong! Stay long! Posts: 69 | From: Portland, OR | Registered: Oct 2006
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quote:Originally posted by Chad: true NEL, but arent they resetting price on the 30th or no they arent??
No, the divi resets the price, now it is all up to the market and shorters and people who want in on this.
Posts: 942 | From: Wisconsin | Registered: Jan 2006
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posted
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 16, 2006, the issuance date of the Reset shares is 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 16, 2006 (X) minus Actual Closing Price on October 16, 2006) (15 / X - X).
A 10-KSB/A was filed and accepted at 6:50PM and will show up on the Edgar System first thing tomorrow morning.
'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.
THis is what is written. No mention of Dividend or Forward split. THey are saying reset the share value. Could be a difference don't know because this is a new one on me.
GLTA Wally
Posts: 3255 | From: Los Angeles California | Registered: Jan 2006
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posted
Man there are so many bashers on the other pages, I am hanging right hear until the first of next year. I have gotten out of good stocks before that rocketed. BSIT - people bashed RSHN at .0005 yes .0005 and people bashed PAIM .0001 people bashed LFWK .002 people bashed now SLJB it went up over .10 and I had 135,000 shares. When bashers are out its time to stay in the house and hold em tight because the main thing is the assets this company has and the amount of money and people behind them. Better to not read than to read get nervous, sell, and kick yourself later for listening to mindless dribble from people who work at TACO BELL on 2nd Shift and try to get rich quick during the day. That is why they are still working at TACO BELL.
posted
The 30th is just the date (on or around) that you should expect to receive the additional shares.
Posts: 942 | From: Wisconsin | Registered: Jan 2006
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I sure hope you get it...heck you've had enough to worry with your newborn ...where'd you find time to sell? glty
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