quote:Originally posted by BULListic: I have ST and they list the symbol as CSHD# where the # equals "Unable to accept sell orders for this security, please contact your local branch office for more information." On Scottrade Elite it has them as CSHD.U which is ST's way of saying it's a Pink (they use .V for OTCBB). The L2 does show 2 MM's on both the bid and the ask, so that is promising, if not misleading
What MMs are you seeing?
quote:Originally posted by trade04: On scottrade it shows CSHD as apink sheet...is this right? i thought pink sheets had mms!
posted
Thanx Bull - those MM's match a post from HSM..
What is this post from HSM? How do they know this?
#15239 General Grievous HSM Newbie
Join Date: Oct 2006 Posts: 37 Option (c) IS what we're going to do.
You more or less take it, at this phase I can give it to you. Option (c), what it does, is under reorganization, the financials of the corporation are newly incorporated. If you go to the link that I sent to, which is the IRS link, okay and you read down and it talks about assets, and the stock...the distribution of it...what happens is, is we take the new book value of the new consolidated corporation. 111 million outstanding shares. We have 48, 62 on FHAL. The combined totals are 111. What happens is, we take the new book value of the new, consolidated corporation. 111 Million outstanding shares. We have 48, 62 on FHAL. The combined totals of 111 divided into your number and that gives you your book value, $7.21. You take your $7.21 value, and you either start trading at your book, or you can go 2 to 3 times.
In an IPO, you give an explanation as to how you come to your figure. You set your figure til your 3 times. It's just common in any market. Anyone says different, they don't know what they're talkin about. Two (2) times the book is the $15 number that we chose.
We will halt trading, on the day, at the completion of the merger. After the 10K is filed, we will halt trading, and come back out the next day under the new symbol, and at $15 a share.
-------------------- ..just remember....Family is EVERYTHING!!
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**********: CSHD, FOLGF, FRPT, GAXC, LBTS, MKBY Have Also Been Added To Naked Short List Today
I hate to laugh but.... -Repo there's goes your run right out the window! You are now at the mercy of some greedy hedge fund manager who won't stop shorting it till it's in the ground...
The old DFT's are grandfathered, and new DFT's (air shares) only have to be covered in 3 days, so they can soak up the buying pressure and cover 3 days later when it's over...
quote:Originally posted by milliam: Anybody want to call the two MM's? I've got to get back to work.
SACM 561-368-8373 LGTD 405-216-0554
I called SACM. In order to get the answers you want you will need to call your broker and speak with them regarding SACM and CSHD....they will NOT answer questions from a private investor. Was worth a try though eh?
Oh, FWIW ill be trying to reach my broker for the next 30 minutes. If im successful ill update
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