posted
Hi Guys! I have some shares in this however i am slightly confused reading the 10-K. I don't understand whether we still have 1+6 shares even if the PPS goes up to 10 for example before the 30th or does the amount of free shares get worked out on the 30th according to the PPS on that day. Thank you very much!!!
Posts: 31 | From: Bath, UK | Registered: May 2006
| IP: Logged |
quote: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
Everyone who holds shares gets aditional shares.
quote:as of the close of business on October 16, 2006,
on this Reset Date
quote:the issuance date of the Reset shares is October 30, 2006
Reset shares are issued on the 30th of October.
quote:10 business days from the filing of this form 10-KSB.
NASD needs 10 business days before the issuance.
Now let's look at how many shares each... shall we?
quote: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).
this is the ratio: (15 / X - X)
(15 / ($1.80)) - ($1.80) = 6.533333
NASD will not allow them to give half or partial shares.
Sooooooooooo... each shareholder gets 6 addional Shares on Oct.30th. Take it to the bank!
TB
-------------------- Una Mas! Posts: 2717 | From: Eville,IN,USA | Registered: Feb 2004
| IP: Logged |
posted
yes you may buy more and anyone that wasn't in on the 16th can still buy in... the thing with the 16th is that you will not get your "extra" shares...you will only have what you actually buy as of today...is that a little clearer? You can still buy more...I am...
quote:Originally posted by mo-rydr:
quote:Originally posted by 10of13: mo-rydr...ARE you looking for individual numbers that each share holder has? Because that's not in there..I don't understand what you want...sorry...
Can those that have their name on record as a shareholder still increase their share amount after the 16th per the 10-K's?
-------------------- #1 Rule: Protect your capital! #2 Rule: Never fall for the BS on the boards! Posts: 8890 | Registered: Jan 2006
| IP: Logged |
posted
help me out here on the audited financials on the 10ka. since the gross income equals the interest receivable isn't it based on an accrual rather than actual income? also what is the accumulated other for 707 million in the owners equity. i would also like to see the opinion letter issued by the cpa firm that audited these financials.
are they running on borrowed money and sale of stocks? tex, repoman, glass what is going on here?
-------------------- I'm from Missouri - Show Me! Posts: 950 | From: Middle of Nowhere, Missouri | Registered: May 2006
| IP: Logged |
quote:Originally posted by trade04: wtf is everyone saying rest shares what about reset price
GO READ! SHARES=RESET. It was set up to benefit the LOYAL shareholders that weren't just in it for the RESET! Rufus is a genius and found a way to see who really is loyal to the company. This is JMO
quote:Originally posted by 10of13: yes you may buy more and anyone that wasn't in on the 16th can still buy in... the thing with the 16th is that you will not get your "extra" shares...you will only have what you actually buy as of today...is that a little clearer? You can still buy more...I am...
quote:Originally posted by mo-rydr:
quote:Originally posted by 10of13: mo-rydr...ARE you looking for individual numbers that each share holder has? Because that's not in there..I don't understand what you want...sorry...
Can those that have their name on record as a shareholder still increase their share amount after the 16th per the 10-K's?
That is per you, my question is, where in the 10-KA does it say that?
-------------------- Hi-ho Momo, awayyyy... Posts: 871 | From: So. Cal | Registered: May 2006
| IP: Logged |
quote:Originally posted by trade04: rufus lieddddddddddddd no reset price........
If you are that blind, then you need to go buy you a nice pinksheet stock. Mods please keep the rif-raf out today! We've dealt with enough of it! They have no factual basis to their statements.
quote:Originally posted by trade04: rufus lieddddddddddddd no reset price........
This is BETTER than a flat reset on the share price...
Imagine this.. The book value as of June 30th is still $12 per share.
If your portfolio just went to seven times whatever you have, and then the stock creeps up to book value.. thats alot better than your originals at $15.
1000 shares, x 7 = 7000 shares * 12$ = $84,000 or 1000 shares, x $15/share = $15,000.
quote:Originally posted by trade04: rufus lieddddddddddddd no reset price........
reset price would not have worked and we all know it. This is a much more stable means of giving us the same thing. This way the market can go up and down based on PRs and filings instead of a massive crash after a price reset.
Posts: 2308 | From: Michigan | Registered: Jun 2006
| IP: Logged |
quote: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
Everyone who holds shares gets aditional shares.
quote:as of the close of business on October 16, 2006,
on this Reset Date
quote:the issuance date of the Reset shares is October 30, 2006
Reset shares are issued on the 30th of October.
quote:10 business days from the filing of this form 10-KSB.
NASD needs 10 business days before the issuance.
Now let's look at how many shares each... shall we?
quote: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).
this is the ratio: (15 / X - X)
(15 / ($1.80)) - ($1.80) = 6.533333
NASD will not allow them to give half or partial shares.
Sooooooooooo... each shareholder gets 6 addional Shares on Oct.30th. Take it to the bank!
TB
bump!
-------------------- Una Mas! Posts: 2717 | From: Eville,IN,USA | Registered: Feb 2004
| IP: Logged |
posted
I see it this way... if anyone bought this AS OF YESTERDAY...now has a total of 7 shares (for every 1 that you bought) So if you got in under $2.10( as of yesterday) this stock would have to fall BELOW .30 a share in order for you to start loosing money... seems like a win at this point... AND if you buy as of today at the PPS now and this does move up to the true value...then you are ahead even greater...more win
-------------------- #1 Rule: Protect your capital! #2 Rule: Never fall for the BS on the boards! Posts: 8890 | Registered: Jan 2006
| IP: Logged |
quote:Originally posted by 10of13: I see it this way... if anyone bought this AS OF YESTERDAY...now has a total of 7 shares (for every 1 that you bought) So if you got in under $2.10( as of yesterday) this stock would have to fall BELOW .30 a share in order for you to start loosing money... seems like a win at this point... AND if you buy as of today at the PPS now and this does move up to the true value...then you are ahead even greater...more win
I was thinking that too 10. Which means, im still making money as long as this doesnt dip below .02 Posts: 2308 | From: Michigan | Registered: Jun 2006
| IP: Logged |
posted
Mo-rydr...again sorry...this stock is a trading stock...it isn't going to say in any filing that if you buy it you own it...can't help you with your question. Hope you figure it out.
-------------------- #1 Rule: Protect your capital! #2 Rule: Never fall for the BS on the boards! Posts: 8890 | Registered: Jan 2006
| IP: Logged |
quote:Originally posted by djg7: 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.
There are no free shares & price reset........JUST 6:1 shares, that IS the reset! Just wanted to make sure you understood...
-------------------- ..just remember....Family is EVERYTHING!! Posts: 3944 | From: Rochester, NY | Registered: Sep 2006
| IP: Logged |
posted
Now that we are all waiting for the 30th any other good things coming up. Wonder if any other companies will follow the CSHD path.
Posts: 942 | From: Wisconsin | Registered: Jan 2006
| IP: Logged |
posted
By 6:1 she means you get six additional shares...thereby having 7x as many as you do now...
To make this a little clearer...divide your initial purchase price by 7...the outcome is now your basis in the stock...anything above THAT number and you are in the green...
Posts: 2024 | From: New Orleans, LA | Registered: Apr 2006
| IP: Logged |
Topic Closed
UBBFriend: Email this page to someone!
Printer-friendly view of this topic
![[Smile]](smile.gif)
TB
![[Big Grin]](biggrin.gif)
![[Wink]](wink.gif)
![[Eek!]](eek.gif)
![[Confused]](confused.gif)
