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CortDev, Inc. Committed to Maximizing Shareholder Value Tuesday November 30, 1:43 pm ET
HOUSTON, Nov. 30, 2004 (PRIMEZONE) -- CortDev, Inc. (Pink Sheets:CDVJ), a real estate development company, today re-affirmed its commitment to maximize shareholder value. The Company is pleased to announce that its current development projects are proceeding as planned. In addition, CDVJ's Board of Directors has passed a resolution stating that it will not perform a reverse split of its outstanding shares and that it will strive to buyback and retire a significant number of shares over the coming year. CEO Andrea Cortellazzi stated: ``We are taking these steps to maximize our share value and position the Company for future growth in the real estate development market.''
For more information please contact CEO Andrea Cortellazzi at (514) 288-9699 or visit http://www.cort-dev.com.
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Forward-Looking Statements
Please be advised that statements made herein, other than historical data, constitute forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those stated or implied by such forward-looking statements. The potential risks and uncertainties include, among others, potential volatility in the company's stock price, increased competition, customer acceptance of new products and services offered by the company, and uncertainty of future revenue and profitability and fluctuations in its quarterly operating results. Please also be advised that the company's stock is not currently registered with the Securities and Exchange Commission.
Contact:
CortDev, Inc. Andrea Cortellazzi, CEO (647) 886-2703 aandre005@sympatico.ca www.cort-dev.com
-------------------------------------------------------------------------------- Source: CortDev, Inc.
quote:Originally posted by SCS: So what does this mean, he is planning a reverse split this Monday?
Thats probably what it means. You can't believe ANYTHING that the ceo say's on this one. Anyone looking to get into this needs to look back at the PAVP and CDVJ threads. Myself and MANY others got burned on this stock.
quote:Originally posted by poorman: Thats probably what it means. You can't believe ANYTHING that the ceo say's on this one. Anyone looking to get into this needs to look back at the PAVP and CDVJ threads. Myself and MANY others got burned on this stock.
Hmm, good point. I thought this symbol sounded familiar...wonder what the chances are of suing him if he DOES go back on his PR?
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Yeah, I know, I've have been stupidly holding this freaking stock since it was PAVP and 0.01. I can't believe it myself and embarrassingly admit it. At this point, it would literally cost more more to sell what I have so I have written it off and couldn't give a flying F what happens to A.C. or his POS company. I know EXACTLY what these POS PRs mean.
quote:Originally posted by SCS: Yeah, I know, I've have been stupidly holding this freaking stock since it was PAVP and 0.01. I can't believe it myself and embarrassingly admit it. At this point, it would literally cost more more to sell what I have so I have written it off and couldn't give a flying F what happens to A.C. or his POS company. I know EXACTLY what these POS PRs mean.
Now, let me tell you how I really feel....
Yeah I was in at about the same amount got out at about .003 I think so I feel your pain looks like A.C. is back up to his old tricks and as usual the price went down on a pr.
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A bunch of us have lost alot in this one. Don't get me wrong, I hope people start buying the crap out of it and it sets new highs and, funny enough, I think it could actually do it. On the surface, this looks like a good investment. I sit here to this day and still wonder what the hell happened. I guess I sit here and still believe deep down that this company is onto something. But it is a very long hold for me at this point. I can honestly say, if there was ever a time to buy in, it would be now. The problem is trust. I don't trust the PRs. All of the wonderfull promises in all of the past PRs never really happened (besides the name change). But, if we are now wrong and things start to pan, can you imagine the realization of buying in at 0.0003?? This is something I have been struggling with for thee past week. Talk about averaging down (for me)
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I'M still down on my early buys on this one. But i try not to let my feeling involved in trading. If this one is at bottom and if there's no Split coming....we could easily see double or more...that would be a nice way to make up for earlier loss.
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WOW - was out all day. NOBODY believes schithead's PRs any more! Commitment to Shareholders. LOL Can we sue him for even having the balz to SAY that???
Do NOT believe ANYTHING this CEO says. I had that jerkgoff Rickjerk at Gateway (GAWY, GTEY, or whatever the hell it is now) tell me "NO REVERSE SPLIT" on the phone 2 years ago, and he announced one - a 2500 to 1 RS - LESS than a week later. I trust AC as much as him....
I don't believe him about the RS either. Funny, I just said to Geoly this morning - "If he EVER figures out what he can do with RS after RS - he WILL".
A LOT of these Penny Lying Bastid CEOs are VERY LUCKY this isn't like the old west - or MANY of them would have holes in them!!!
Like the 2 I mentioned as well as the liars at Ibiz, AFart, Pacel, IDGE/IDGN, and on and on.
BEWARE and good luck,
Steve
PS: Stay away from CSJJ - his co. too
[This message has been edited by Love the Market (edited November 30, 2004).]
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well said "love the Market" I sold awhile back for hefty loss. lov the Market is giving some good advice, avoid this piece of s***. AC is all talk and no show. Go back a read all the pr's put out, its all bs. Nothing will probably ever come out of cdvj or pavp, except for, AC going to jail for fraud.
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Oh - and I almost forgot - WHERE's the AIRPORT project you started LYING ABOUT 1 YEAR AGO NOW???????
THAT's what WE nbought this POS for in the first place- not your Doggie PAtches, Fingerprinting and other fluff - which never happened either.
And the 2 buildings you were going to build in other countries..... "Yeah - RIGHT"!!!!
AC is a Legend in his own mind! And the scum of the earth.
Me, Salemm and many others called all the powers that be and AC NEVER filed ANY of the required docs or had the surveys done to get the ball rolling.......
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