Ohhhhhhhhhh boy this is going to be a big day! At least people will wake up and have time to read this one before reacting! PR next maybe? The ball is rolling!
btw im totally unable to read through this right now but at initial glance it looks exactly the same as the other. Hopefully someone can explain......
Posts: 2308 | From: Michigan | Registered: Jun 2006
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posted
morning everyone this means on the 30th I'll be sitting on well over a 100k shares. Cat if you sell before the 30th you lose what ever you sold plus the extras. I thought you posted something about flipping.
posted
Yeah Cat, I wish I had time to read this one also but I'm gonna be late for work as it is! I think from my undersstanding is that the big difference is the addition on pg22? that talks about the shares we recive? Not sure but I have to go! Happy 10K day to everyone! Ima
-------------------- learnin as I go. Posts: 582 | From: Iowa, Michigan, North Carolina, Israel | Registered: Jul 2006
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Ohhhhhhhhhh boy this is going to be a big day! At least people will wake up and have time to read this one before reacting! PR next maybe? The ball is rolling!"
Mornin Mr.!!!
Am I reading you right???
Is this one NOT the same thing that made this tank yesterday??
Posts: 3209 | From: poohville ohio | Registered: Apr 2005
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posted
It sure looks like the same thing to me. So yes Rat, this appears to be the same thing that tanked us yesterday, which confuses me why it is even necessary...whats the difference?
In the first part of my post i was excited to see it, the second part i realized it looked the same. Sorry, maybe a bit confusing.
And yes Ryan, I mentioned flipping. BUT, i dont intend to flip a single share nor do i recommend it! I was just trying to explain why people MIGHT sell based on the confusion of whether or not you need to hold the shares until the 30th. I thought since Rufus said that the shares were already designated to the shareholders we would receive them regardless of what we do until the 30th. A vast majority all over the internet believe that not to be true.
*****AGAIN...hold tight your shares IMO!*******
Posts: 2308 | From: Michigan | Registered: Jun 2006
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posted
The only thing I can't figure is ....If in two weeks, we hold 7x what we have now....at the same price it is .....You know damn well everyone and there brother is gunna be dumping shares on the market...
This will dilute the chit outta it and the PPS is commin down...
There will be tons of shares for the shorts to cover with and in two days we are in pennyland again
I am not totally up to speed here,,,,, but this just seems to reason....
whatcha think??
Gotta go to work now,,,
I'll check in when I can
Posts: 3209 | From: poohville ohio | Registered: Apr 2005
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posted
Well there will even more prs and more 8ks and i really don't think we will have to worryabout the pps then because we already can go to nas so I think after all is said and done by then we will be on nas !!!!!!!! Whoooooopeeee! Oh umm... good morning he he
-------------------- Never lookback... Posts: 896 | From: NY | Registered: Jul 2006
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posted
good morning everybody is the settlement issue really resolved? people who bought yesterday are definitely getting the additional 6 shares? can someone confirm that? doni?
Posts: 2473 | Registered: May 2006
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Remember in the 10K it says "The total current issued share of the corporation after the merger as of today, October 16, 2006 close of business is 103,135,657 giving the corporation a current estimated book value of $70.71 ."
Then it says, ""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."
Those aren't 6 free shares, that's dillution
Posts: 2321 | Registered: Aug 2006
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quote:Originally posted by Ace of Spades: Remember in the 10K it says "The total current issued share of the corporation after the merger as of today, October 16, 2006 close of business is 103,135,657 giving the corporation a current estimated book value of $70.71 ."
Then it says, ""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 estimatedboo value of $11.78 ," stated Rufus Paul Harris, Chief Executive Officer."
Those aren't 6 free shares, that's dillution
Please do not annoy the natives....
Yesterday the BV was about 7.21 or so....today it is $11+ with the new shares. Go peddle dilution elsewhere. BV increased for every holder and they got more shares.
But thank you for trying.
-------------------- - "Pay it Forward" Posts: 1524 | Registered: Jun 2006
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quote:Originally posted by Ace of Spades: Remember in the 10K it says "The total current issued share of the corporation after the merger as of today, October 16, 2006 close of business is 103,135,657 giving the corporation a current estimated book value of $70.71 ."
Then it says, ""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 estimatedboo value of $11.78 ," stated Rufus Paul Harris, Chief Executive Officer."
Those aren't 6 free shares, that's dillution
Please do not annoy the natives....
Yesterday the BV was about 7.21 or so....today it is $11+ with the new shares. Go peddle dilution elsewhere. BV increased for every holder and they got more shares.
But thank you for trying.
Actually, you're wrong....the PR says the book value was $70.71 as of yesterday. So after the reset the book value is only worth 1/6 of that, but you have 6 more shares. It's easy to see.
Posts: 2321 | Registered: Aug 2006
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quote:Originally posted by maumee river rat: The only thing I can't figure is ....If in two weeks, we hold 7x what we have now....at the same price it is .....You know damn well everyone and there brother is gunna be dumping shares on the market...
This will dilute the chit outta it and the PPS is commin down...
There will be tons of shares for the shorts to cover with and in two days we are in pennyland again
I am not totally up to speed here,,,,, but this just seems to reason....
whatcha think??
Gotta go to work now,,,
I'll check in when I can
Rat - Supply and demand will happen. We can't stop that. But you assume most want to sell and that no new information comes your way to support more valuation.
Like I have said....do not assume we know the whole story. Rufus has dropped information I have not yet seen discussed here.
This is only step 5 in the 12 step program....lol.
-------------------- - "Pay it Forward" Posts: 1524 | Registered: Jun 2006
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quote:Originally posted by Ace of Spades: Remember in the 10K it says "The total current issued share of the corporation after the merger as of today, October 16, 2006 close of business is 103,135,657 giving the corporation a current estimated book value of $70.71 ."
Then it says, ""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 estimatedboo value of $11.78 ," stated Rufus Paul Harris, Chief Executive Officer."
Those aren't 6 free shares, that's dillution
Please do not annoy the natives....
Yesterday the BV was about 7.21 or so....today it is $11+ with the new shares. Go peddle dilution elsewhere. BV increased for every holder and they got more shares.
But thank you for trying.
Actually, you're wrong....the PR says the book value was $70.71 as of yesterday. So after the reset the book value is only worth 1/6 of that, but you have 6 more shares. It's easy to see.
Yes...the BV changed at the same time this and the share notification was released...move along sonny. Stop twisting the words of the document.
We have reset...it's done, it's over.
-------------------- - "Pay it Forward" Posts: 1524 | Registered: Jun 2006
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quote:Originally posted by Ace of Spades: Remember in the 10K it says "The total current issued share of the corporation after the merger as of today, October 16, 2006 close of business is 103,135,657 giving the corporation a current estimated book value of $70.71 ."
Then it says, ""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 estimatedboo value of $11.78 ," stated Rufus Paul Harris, Chief Executive Officer."
Those aren't 6 free shares, that's dillution
Please do not annoy the natives....
Yesterday the BV was about 7.21 or so....today it is $11+ with the new shares. Go peddle dilution elsewhere. BV increased for every holder and they got more shares.
But thank you for trying.
Actually, you're wrong....the PR says the book value was $70.71 as of yesterday. So after the reset the book value is only worth 1/6 of that, but you have 6 more shares. It's easy to see.
Yes...the BV changed at the same time this and the share notification was released...move along sonny. Stop twisting the words of the document.
We have reset...it's done, it's over.
I didn't twist one word. All the reset is, is 1/6 dillution. Reset = 1/6 Dillution. I didn't twist one thing from the PR. I don't know why people think they are getting free shares.
Posts: 2321 | Registered: Aug 2006
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posted
Hey cat I think this is the difference from the previous 10-k
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
I believe on the original 10-k the date that was stated was October 30th for the calculations.
reset pricing. The purchase price of the common stock or the conversion price of a convertible security is set either (i) at closing or (ii) on a specified date after closing and is subject to adjustment (downward or upward) based on various criteria that can include fundamental performance (operational reset), a specified event (event-driven reset), or the stock price of the issuer at a given point in time after closing (threshold price reset).
quote:Originally posted by 10of13: Portman...It was nice to see that you were here this morning...and attempting to set everyyone straight... Have a great day....!
Bah, and what about all my ranting?
I get no respect!
Posts: 2308 | From: Michigan | Registered: Jun 2006
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posted
Its still dilution. Its shareholder dilution though so those with a good broker will get thier shares first and be able to SELL first.
I know this first hand from PAVC. I had shares in one account and sold the same day the shares were available. The other account did not give me my shares for over a week.
Posts: 42 | Registered: Sep 2006
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quote:Originally posted by RyanPBF: Hey cat I think this is the difference from the previous 10-k
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
I believe on the original 10-k the date that was stated was October 30th for the calculations.
Yup, thats the ticket. That little typo did serious damage IMO
Posts: 2308 | From: Michigan | Registered: Jun 2006
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