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Coastal Holdings, Inc. Signs Purchase Agreement to Acquire Interest in OTC BB-Listed Company Thursday January 19, 1:21 pm ET
HOUSTON, TX--(MARKET WIRE)--Jan 19, 2006 -- Coastal Holdings, Inc. (Other OTC:CSJJ.PK - News) is pleased to announce that it has signed the Purchase Agreement to acquire a 100% equity interest in an OTC BB-listed company. Coastal Holdings expects to finalize the acquisition by the end of February. This acquisition will expedite the Company's OTC Bulletin Board application and approval process and enable Coastal Holdings to achieve OTC BB status by the end of the first quarter of 2006. CEO Andrea Cortellazzi stated: "Closing this acquisition is a major step forward for Coastal Holdings in our plan to list on the OTC Bulletin Board. This listing will not only enhance the Company's liquidity and credibility but also assist us to successfully execute our business and growth strategies." For more information please contact CEO Andrea Cortellazzi at (514) 288-9699 or visit the Company website at www.coastalholdings.com.Posts: 871 | From: New York, NY | Registered: May 2005
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Which means sharholders will be getting something out of this, a divi, or merge.
Posts: 871 | From: New York, NY | Registered: May 2005
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If thats good news go to their site and every press release says "to aquire". Hell you will be all good news out by time you get done reading.Lets actually see "we have completed" or "we have aquired". Now that my friend will be good news. I am still in this and have owned it for some time now and every press release says the same thing "to aquire".
posted
Just a repeat of the same news. I'm still holding, but if this company doesn't come out with a 'real' acquisition by the end of February I'm out.
-------------------- "Whether you think that you can, or that you can't, you are usually right." - Henry Ford Posts: 798 | Registered: Jun 2004
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LOTS of buys coming in pre-market. Could see a couple of ticks today. Could be another VWKM deal. Good luck to all.
Posts: 871 | From: New York, NY | Registered: May 2005
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The Purchase Agreement is currently under review by Coastal Holdings' legal department and the closing date has been mutually set by both parties as January 27, 2006. __________________________________________________
Looks like yet another date of promises coming to past has came and went. They'll probably put out another PR of intentions to do this or that again...
-------------------- "Whether you think that you can, or that you can't, you are usually right." - Henry Ford Posts: 798 | Registered: Jun 2004
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Interesting post from Yahoo, goes along with a number of large purchases going through the past few days...
CSJJ--purchases oil field in Midwest by: merswim1 02/08/06 12:58 pm Msg: 3344 of 3346
Rumour--they've struck quite a bit more than anticipated.
Coastal Holdings, Inc. Announces Intention to Finalize Acquisition of Development Oil Well by the End of January Thursday January 12, 12:54 pm ET
HOUSTON, TX--(MARKET WIRE)--Jan 12, 2006 -- Coastal Holdings, Inc. (Other OTC:CSJJ.PK - News), is pleased to announce that it intends to finalize the acquisition of a development oil well, designated as Hines #3, from BDT Energy Producers Inc. (BDT) by the end of January. The Purchase Agreement is currently under review by Coastal Holdings' legal department and the closing date has been mutually set by both parties as January 27, 2006. As per the Purchase Agreement, Coastal Holdings will invest $475,000 in cash to fund the developmental drilling of Hines #3 that is wholly owned by BDT. In consideration for its investment, Coastal Holdings will receive a 75% working interest in the oil well. ADVERTISEMENT
Coastal Holdings is also pleased to announce that BDT's engineers have received from the State Of Illinois' Department of Mines and Minerals, the official Permit to commence drilling activities on Hines' #3. Coastal Holdings has been provided with a copy of the official permit, and verified its contents as follows: Permit No.: 057711; Date Issued: 1/4/2006; and Reference #: 210071. This permit and further technical information on Hines #3 will be posted on Coastal Holdings' corporate website following the closure of the acquisition.
About BDT Energy Producers, Inc.
BDT Energy Producers, Inc. (BDT) is a subsidiary of Britton Oil Properties, a well-established 42-year old firm that owns 14 producing oil wells on 480 leased acres in Southern Illinois, approximately 125 miles east of St. Louis, Mo. and 75 miles northwest of Evansville, Indiana. These wells have a total production capacity of 15 BOPD and an accumulated reserve of 330,000 barrels of oil. Since 1976, Britton Oil has sold $3.5 million worth of oil from these wells. BDT has been formed solely for the purpose of developmental drilling of new oil wells and has selected 5 prime drilling locations from Britton Oil Properties that it is now in the process of funding.
For more information please contact CEO Andrea Cortellazzi at (514) 288-9699 or visit the Company website at www.coastalholdings.com.Posts: 871 | From: New York, NY | Registered: May 2005
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Some one in the know added at the beginning that they struck more oil than they anticipated
Posts: 871 | From: New York, NY | Registered: May 2005
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CSJJ sure likes to be quiet for a long time keeping their secrets from the shareholders. This stock hasn't moved for a century now. At least it feels that way.
-------------------- "NEVER UNDERESTIMATE THE POWER OF THE U.S./CHINA CONNECTION"
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Anyone talk to this **** head lately? wheres our updates on the Oil Well and the India based Pharmaceutical firm?
Posts: 258 | Registered: Jul 2005
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I called in today there should be a pr today or tomorrow with some updates. Just dont expect more then another forward looking statement talking about what they intend to do. Probably no news.
Posts: 258 | Registered: Jul 2005
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Gang - this is one of the BIGGER pinkie penny scams - Go read the old threads of CSJJ, PAVP, CDVJ, and BTXI - ALL owned by Liar and Thief Extrodinaire.........Andrea Cortelazzi - He even stole th school tuition money of Montesouri School kids in Montreal (he took the tuition but never opened the school)! WORSE than Ibiz, Gateway, CMKM and some of the other big scams...
Buyer beware - If you're gonna play this POS Pumpa & Dump - "Ya Gotta be Quick"
Steve
PS - I have like 6000 free "dividend" shares of CSJJ in my account now for 2 years and they're not only worthless - they're not even tradable.....
Posts: 2793 | From: Coral Springs, FL, USA | Registered: Aug 2003
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quote:Originally posted by Love the Market: Gang - this is one of the BIGGER pinkie penny scams - Go read the old threads of CSJJ, PAVP, CDVJ, and BTXI - ALL owned by Liar and Thief Extrodinaire.........Andrea Cortelazzi - He even stole th school tuition money of Montesouri School kids in Montreal (he took the tuition but never opened the school)! WORSE than Ibiz, Gateway, CMKM and some of the other big scams...
Buyer beware - If you're gonna play this POS Pumpa & Dump - "Ya Gotta be Quick"
Steve
PS - I have like 6000 free "dividend" shares of CSJJ in my account now for 2 years and they're not only worthless - they're not even tradable.....
nice post, LTM--good to have those "institutional memories" on board...thanks
quote:Originally posted by Love the Market: Gang - this is one of the BIGGER pinkie penny scams - Go read the old threads of CSJJ, PAVP, CDVJ, and BTXI - ALL owned by Liar and Thief Extrodinaire.........Andrea Cortelazzi - He even stole th school tuition money of Montesouri School kids in Montreal (he took the tuition but never opened the school)! WORSE than Ibiz, Gateway, CMKM and some of the other big scams...
Buyer beware - If you're gonna play this POS Pumpa & Dump - "Ya Gotta be Quick"
Steve
PS - I have like 6000 free "dividend" shares of CSJJ in my account now for 2 years and they're not only worthless - they're not even tradable.....
I guess u missed out when it jumped up to .0014
Im hoping it does that again.
Posts: 258 | Registered: Jul 2005
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I've been watching this one...there some major accumulation going on. Look over the past few weeks. Everyday, there have been 20-30 million shares traded, all buys at the ask. Someone knows something.
Posts: 871 | From: New York, NY | Registered: May 2005
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I would definitely be careful on this one. Like previously mentioned, if you are going to get in, don't stay long. I got burned a while back.
Posts: 256 | Registered: Oct 2005
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More accumulation going on at .0002. Someone in the know has picked up hundreds of millions of shares over the last month. Just look at the buying history...
Posts: 871 | From: New York, NY | Registered: May 2005
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Someone is accumulating again at .0002. This person has added hundreds of millions of shares. They know something...
Posts: 871 | From: New York, NY | Registered: May 2005
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Someone is accumulating again at .0002. This person has added hundreds of millions of shares. They know something...
Posts: 871 | From: New York, NY | Registered: May 2005
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