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Coastal Holdings, Inc. Sets Record Date of Forward Stock Split
HOUSTON, TX -- (MARKET WIRE) -- 06/01/06 -- Coastal Holdings, Inc. (PINKSHEETS: CSJJ), today announced that it will provide notice by the end of the day to the NASDAQ Stock Market of the forward stock split. Stockholders of record on June 15, 2006 will be entitled to one hundred and fifty (150) shares of common stock for each share of common stock held on that date. The forward stock split will be effective on or about June 23, 2006, at which time the additional shares in certificate form will be mailed directly to shareholders without action on their part.
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What I would like to see is how CSJJ's statement of "Their price target of $0.06 indicates a strong short-term outlook." works into all this. No mention of this.....Hmmmmmmmmmmmmmmm!
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quote:Originally posted by cool running: What I would like to see is how CSJJ's statement of "Their price target of $0.06 indicates a strong short-term outlook." works into all this. No mention of this.....Hmmmmmmmmmmmmmmm!
I'm sure there is more news to come!
Vagabond
-------------------- You are what you do, not what you say!
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There was lots of sell in the recent days...some people lost patience. Now that they officially announced the date, we should see a nice reversal.
We need to get those MM on bids back and ask wall should fall as sentiment goes more positive.
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I see a few promising .0001 stocks, JMCP, AWBV, CSJJ...As for CSJJ, any reason to not buy at .0001 here? Seems like it will run up a bit in the next 2 weeks...thoughts?
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If you have 1M shares, you get 150M after the split.
The price usually goes down accordingly except that, in this case, it's already almost at bottom cause you get go lower than .00001 (but impossible to see with regular L2 software).
It's the first time I see a stocks so low doing a forward split. As I'm concern, the momo to the FS date is more important than the shares I'll get after.
No matter how it moves going there, I'll keep some just to see if I can sell them all at .0001 after for a very nice % return.
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Ok...just a tad bit confused here. So if you bought one million shares for let's say $100, then after the split you would have 150 million shares valued at $15,000 if you were able to sell at .0001. Now I know you prolly will never be able to sell them,lol, but does that just seem a little too fairy taleish to anyone else???
And besides that, if each million shares bought would become 150 million, and at this price over the next couple weeks I'm sure there will be a ton of buys, wouldn't the total number of shares out there end up possibally breaking records, lol....I mean there could be over a trillion shares. My calculator broke when I tryed figuring it out based on just 100 mil being owned.
Can someone please fill me in here, lol.
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Andrea is not going to be sitting around in his office filling investor certificates. Heck this dudes made enough money off of us to hire some company to do it for him. He might even hire some high schools kids to do it durring their summer break. It will be MY luck that when this split does take place and it will, he'll be sipping Pina Coladas on a beach in the Caymans thinking about his next exploit. I didn't spend much on this stock, maybe $100, but I piss away that much in an hour when I go to Vegas. All these sub pennies are a gamble and the house has the edge. Sometimes you hit on one, more often not.
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I have held 2000 shares of CSJJ that I recieved as a divy from A.C.'s last little scam (I think it was CDVJ/PAVP) for a year and a half now, and I still can't trade em...go figure. Good Luck here guys but good ole A.C. isn't getting another dime of my money. He will tell you what you want to hear though...too bad it is always a lie...
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This isn't really similar to the GVRP play. What made that play special was the fact that there was without a doubt a HUGE short position due to company insiders selling shares they didn't have.
When GVRP had an ask of .0001 there was a great incentive for those that were short to buy up the shares. It turned into a very profitable situation for some people who had Ameritrade accounts.
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