IF you just bought yesterday I would wait at least 3 days before selling to make sure they are clear in your account.
Posts: 42 | Registered: Sep 2006
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posted
So I don't have to read through 1000000 posts, can someone summarize in 4 sentences or less, what is happening to the stock - dividend, split, or reset? What is the ex date? And when and HOW is this going to be listed on the NASDAQ? Then I'll give my commentary.
-------------------- Stick with Repo's plan in '07 - FRPT/DKAM! Posts: 6379 | From: PA | Registered: Dec 2004
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posted
Quote: Originally Posted by chevyrider I'M TAKING THIS TIME TO WRITE THIS TO ALL THE SHAREHOLDERS. JUST LOOKING AT SOME OF THE POST AND YOU CAN SEE SOME SHAREHOLDER ARE STILL UNGREATFUL. OUR CEO HAS SAID HE HAS DONE HIS PART NOW IT'S TIME FOR US TO DO OUR PART. WHAT WILL HAPPEN IF YOU SOLD YOUR SHARE AND WHEN IT CAME TIME FOR YOU TO GET YOUR EXTRA SHARES AND THEY TELL YOU NO WHAT WILL YOU DO. JUST REMEMBER THE LONGER YOU HOLD THE LESS AMOUNT OF SHARES YOU HAVE TO SELL. IN OTHER WORDS OUR CEO IS ASKING FOR US TO DO OUR PART AND I FOR ONE WILL NOT LET HIM DOWN. THANK YOU GOD FOR THIS GREAT OPORTUNITY
Big-ass BUMP
-------------------- Never lookback... Posts: 896 | From: NY | Registered: Jul 2006
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posted
Kelroz I understnad completely...and I thought the smae things last night..I was one that sold some yesterday and was pissed to hear of it being a different date..but after thinking about it..what leg would I have? It was misleading, yes...BUT because I chose to sell and get back in later? Because I was imaptient or wanted to make some money else where over 2 weeks and then buy back in? Because I wanted to benefit myself before buying more of this to get the free shares? I have a lawsuit? I can't see it anymore... Kool-aide? tryin' to cut back..but thanks...
-------------------- #1 Rule: Protect your capital! #2 Rule: Never fall for the BS on the boards! Posts: 8890 | Registered: Jan 2006
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posted
People please read this is NOT A FORWARD split this was the 15 reset! You were with or without now you must wait to catch the next ride but there will be more so dont fret My opinion...
-------------------- Never lookback... Posts: 896 | From: NY | Registered: Jul 2006
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posted
Repo said: So I don't have to read through 1000000 posts, can someone summarize in 4 sentences or less, what is happening to the stock - dividend, split, or reset? What is the ex date? And when and HOW is this going to be listed on the NASDAQ? Then I'll give my commentary. Are you going to post a picture?
Posts: 478 | From: Palm Desert, Ca. U.S.A. | Registered: Nov 2004
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quote:Originally posted by Repoman75: So I don't have to read through 1000000 posts, can someone summarize in 4 sentences or less, what is happening to the stock - dividend, split, or reset? What is the ex date? And when and HOW is this going to be listed on the NASDAQ? Then I'll give my commentary.
Best I can do... [thanks Wally and Jenna]
Rufus on SPR last night:
"Everythings been a strategic move for the shareholders"
"Getting several hundred million in interest!"
They have 15 Billion total that can be booked which is available right now. It's not an overnight deal. we have been working on this for a long time.
Rufus said Right- NOT DILUTION!!!
"The Big Show is always the plan" reffering to Nasdaq
"PPS should increase" "The shares you have right now have 6 more attatched if you dump your share you're dumping everything that goes with it"
RUFUS:
A share issuance due to a reorganization through a merger. These are not dividend shares or forward splits. It's been filed since the original 8K merger agreement.
These shares will NOT be restricted If you sold today your out of luck, if you bought today you get the 6, no settlment waiting or anything
"Go away for 2 weeks, play soccer, go fishin' do whatever, in 2 weeks your new shares will be there."
"Evrything's starting from here I said after the 10K the ball starts rolling, now it's all down here from here."
The reset was posted in the filings from the original 8K to the 8KA. It's not a forward split per say, it's an issuance of shares due to a reset based on the reorganization merger.
That's what I've gleaned from RUFUS. He just mentioned PIPE resets. Not normal here on the OTCBB but normal on bigger stocks.
Q:Was it part of the plan all along?
A: This was all layed out... This way he doesn't need approval, knew he was going to do it this was from the beginning
"It's still $15 / share if you can't do the math I can't help you, it's so simple it's stupid!"
"We met the Qualifications for Nasdaq Tues of Last week!!!!!"
Said that CSHD has met the requirements for uplisting since last Tuesday- and to watch for news.
"Go read documents ver carefully.........JV's do not receive any funds until we file S3's"
Q: If the PPS is below $11 on the 30th will you reset to $11?
A: No, you've all recieved your shares... we're giving you the money.....it's for your benefit, it's for your liquidity, not ours"
Rufus said he still has some ACES up his sleeve!
Q: If the PPS stays at around $2 / share in January, then what?
A; "Impossible, these's a few more steps in the ladder, if it does that I'll be one surprised puppy.
Q: Why wait 'til the 30th?
A:Because I have to let Nasdaq know.
Q: Do they have to approve it?
A: What do they have to approve. I don't have to ask them. I just have to notify them. The only thing they regulate is the time frame - 1o days"
Q: Do you believe it can go to $100?
A: Yes
Q: When?
A: in a few weeks!!
It's up to the shareholder...starve the beast....if you don't flip it hold it, name your price...if you starve the beast..he will go away.......if no one sold for 2 weeks there's no telling where the PPS can go!!!!
Rufus just said that everyone is getting confused because they are thinking of this as a dividend or Forward split and it is neither. It is part of a reorganization merger and the shares were given in consideration of the Price reset. Cash dividends are in the future of the company. It a share issuance not a dividend or split.
quote:Originally posted by Repoman75: So I don't have to read through 1000000 posts, can someone summarize in 4 sentences or less, what is happening to the stock - dividend, split, or reset? What is the ex date? And when and HOW is this going to be listed on the NASDAQ? Then I'll give my commentary.
Repo read the 10k and the P.R. if you are so inclined. Don't waste shareholders time.
Posts: 6410 | Registered: Jul 2006
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posted
It is a reorginization reset. The current shareholders wil get 6 shares for every 1 share they hold as of October 16th. That's it in a nut shell...the current PPS (before the shares) was $70 and change...with the added shares of 6+1..it is now 11 and change and growing...sooootake it for what it's worth...dilution? somewhat...but it is a reorignization and many added assets.
quote:Originally posted by Repoman75: So I don't have to read through 1000000 posts, can someone summarize in 4 sentences or less, what is happening to the stock - dividend, split, or reset? What is the ex date? And when and HOW is this going to be listed on the NASDAQ? Then I'll give my commentary.
-------------------- #1 Rule: Protect your capital! #2 Rule: Never fall for the BS on the boards! Posts: 8890 | Registered: Jan 2006
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posted
don't you think that the market's take on what happened and the pps on the 30th is what we're dealing with right now? if i have 60k shares worth .008 what have i gained even if i get 6 times that? if the market percieves dilution, then this is going to tank imho. we will get to see in the next hour or so where the market thinks this is going.
btw, that stack of pncakes sure looks good !
-------------------- I'm from Missouri - Show Me! Posts: 950 | From: Middle of Nowhere, Missouri | Registered: May 2006
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posted
Do NOT listen to Kelroz. Get the facts before selling a single share between now and Oct 30th! The general consensus does NOT fit with with he is saying.
Dont listen to me either. GET THE FACTS!
Posts: 2308 | From: Michigan | Registered: Jun 2006
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Rufus just said that everyone is getting confused because they are thinking of this as a dividend or Forward split and it is neither. It is part of a reorganization merger and the shares were given in consideration of the Price reset. Cash dividends are in the future of the company. It a share issuance not a dividend or split.
Rufus just said that everyone is getting confused because they are thinking of this as a dividend or Forward split and it is neither. It is part of a reorganization merger and the shares were given in consideration of the Price reset. Cash dividends are in the future of the company. It a share issuance not a dividend or split.
i remember reading specifically fwd split
y do i get the feeling im being ignored
Posts: 3086 | From: miami | Registered: Nov 2005
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posted
I am not telling anyone to sell. I said that I am looking to sell! People need to make thier own decisions.
quote:Originally posted by Mr. CATIAEngineer: Do NOT listen to Kelroz. Get the facts before selling a single share between now and Oct 30th! The general consensus does NOT fit with with he is saying.
Rufus just said that everyone is getting confused because they are thinking of this as a dividend or Forward split and it is neither. It is part of a reorganization merger and the shares were given in consideration of the Price reset. Cash dividends are in the future of the company. It a share issuance not a dividend or split.
i remember reading specifically fwd split
y do i get the feeling im being ignored
Sorry, but I have to stick with what Rufus said. And that is what he said
posted
Yes but the mm want to scare you cause if you sell they get real shares and wont have to cover x6 if they cover with you because you gave them your shares and you will cause the dilution by selling he he Rufus just gave the shareholders the noose! He is no longer responsible for the dilution he gave that responsibility to us the shareholders and is hoping we are smart enough to NOT FEED THE BEAST! Let's see what happens Are we strong enough to hold and be responsible for our destiny? Or are we scared and not know what the hel$ we are doing? Well It can go to 100 but i am not selling I am setting me and my family up so we have that 7 figure and will continue to hold half years down the road for my kids and grandkids !!! Are you scared or are you strong?
-------------------- Never lookback... Posts: 896 | From: NY | Registered: Jul 2006
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quote:Originally posted by Kelroz: I am not telling anyone to sell. I said that I am looking to sell! People need to make thier own decisions.
quote:Originally posted by Mr. CATIAEngineer: Do NOT listen to Kelroz. Get the facts before selling a single share between now and Oct 30th! The general consensus does NOT fit with with he is saying.
Dont listen to me either. GET THE FACTS!
Im not saying that you did tell someone to do so. But, you are pretending to know what will happen with the 6:1 share deal if you were to sell today. If you sell and re-buy what will be the purchase date on your shares on Oct 30th? I know it WONT be Oct 16th or earlier
Posts: 2308 | From: Michigan | Registered: Jun 2006
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posted
These are shares in a cash account that I have held for months. My name will be on the holders list as of 10/16 so I am not worried.
However if you bought Last wendsday or later you may want to hold for 3 days from purchase to make sure that the shares in your account clear.
quote:Originally posted by Mr. CATIAEngineer:
quote:Originally posted by Kelroz: I am not telling anyone to sell. I said that I am looking to sell! People need to make thier own decisions.
quote:Originally posted by Mr. CATIAEngineer: Do NOT listen to Kelroz. Get the facts before selling a single share between now and Oct 30th! The general consensus does NOT fit with with he is saying.
Dont listen to me either. GET THE FACTS!
Im not saying that you did tell someone to do so. But, you are pretending to know what will happen with the 6:1 share deal if you were to sell today. If you sell and re-buy what will be the purchase date on your shares on Oct 30th? I know it WONT be Oct 16th or earlier
posted
MMs will bring the price down over the next few days to shake the weak hands. Make your own decision as to whether you want to give up your shares. It's gapping down premarket. No biggie. I'm long like many of you. MMs will control the price until 10/30 when the price reset takes place and move to NASDAQ.
Posts: 2309 | From: Minnesota | Registered: Feb 2006
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posted
Well, after some time to think about what has transpired, and some intermittent sleeping and listening to Rufus on subpennyradio, I feel a little bit better about what he's doing. If I were going to rate my feelings at this time, it would be 'cautiously optimistic'.
In all likelihood, a $15 reset would have provoked a massive sell off. Honestly, I would have been tempted to sell at those levels- accepeting $12, $11, $10- whatever. Now, with this b*stardized interpretation of "C" he more or less forces me to hold, and also puts the shorts in a position where they might feel obliged to cover. So in a sense, he pins the supply and demand and hopefully this limited supply will stimulate buying and move the PPS.
To me, to make this work, Rufus has 2 obligations to the shareholders now: 1) to support the PPS and 2)Demonstrate in clear terms to existing, and more importantly new shareholders the value of this company. Rufus may believe that bonds increase the value of the company, but although he can borrow or generate interest against them- their liquidity is limited. He needs to talk about deals, investments- things real investors can understand. Bonds and book value are a difficult and unsexy concept for most.
Even though Rufus believes the book value, on the strength of the bond to be $11.78, post dilution- it doesn't mean much if the market doesn't respond. And MM manipulation, short positions won't matter. The perceived strength of the company from investors is paramount to the success of this company.
Take for example 2 companies I have once had positions in: Tricell (TCLL) and Nanobac Pharmaceuticals Inc.(NNBP)
Tricell has fantastic earnings and can claim assets of arounf 237 million dollars. With an a/s of 500 million, the book value could translate to about .48. TCLL closed yesterday at .295
Granted, sometimes these studies are bogus, but still it's out there. After a nice rise to .36 a few weeks ago, NNBP closed yesterday at .16. And on the flip side, look at Google, since Mike Alexander is prone to bring it up. It's book value is TINY, relative to its PPS but it continues to move along on investor buzz and forecasted future value.
I'm not saying that the companies above and CSHD are undervalued- but that means little if the market has no demand for it. I think we have to approach CSHD in this manner. Just cause Rufus says it's worth X dollars, and even if it IS worth X dollars, it doesn't mean that it will be reflected in the share price.
By and large- it seems Rufus has good intentions, but I believe sometimes his fervor and slightly reckless and haphazard attitude. It is refreshing to see a candid and fearless CEO though. It's one of the reasons I have stayed with CSHD so long and rebought/ added to my position on dips. Make your own informed decision though and good luck.
It's GO TIME! Good luck everybody.
Posts: 949 | From: Little Rock, AR | Registered: Dec 2005
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posted
Remember how everyone was yelling at rufas cause he did or didnt do what you wanted him to do well he turned it to the shareholders so to speak if you sell now for greed and cause the lower pps its you they will be yelling at so do what you want and do your dd so you know what you are doingthis is all my opinion and am not telling you to sell or hold its your money and the pps are our responsibility now!!! I love it we will see what happens we will see the ones who have not done their dd i am not pumping or bashing just read the 10k and understand it and listen to him! glta
-------------------- Never lookback... Posts: 896 | From: NY | Registered: Jul 2006
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posted
Kelroz it was my original understanding that if you held the shares on Oct 16th you were all set. But, A LOT of people around the net are saying different.
I just want people to understand the POSSIBE mistake of selling before the 30th. If someone knows factual info regarding this then please explain.
Posts: 2308 | From: Michigan | Registered: Jun 2006
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Thats the way I read it Chart. Why would you want to sell when you will receive free shares on 10/30 and price reset? No brainer.
Posts: 2309 | From: Minnesota | Registered: Feb 2006
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posted
Now were getting it! I really believe we got a good board here, though sometimes a rude awaking seeing some post ya gotta just leave and if you are easily influenced by peeps you dont know, you are only hurting your own wallet! DO your dd your own!
-------------------- Never lookback... Posts: 896 | From: NY | Registered: Jul 2006
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