Allstocks.com's Bulletin Board: CLHI, possible cash dividend play

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Posted by PCola77 on :

http://biz.yahoo.com/prnews/070627/law127.html?.v=43

Dividend of $1.50 per share and it's trading at 2.64.

The dividend is NOT on the daily list yet (at least I didn't find it) and it's a pink, so I would take the PR with a grain of salt, but figured I'd throw it out there.

Posted by T e x on :

hmm, interesting--SEC: "no enforcement recommended..." so now we're doing the divvy...

they're on a tight timeframe, unless they've already requested th ex-date...but worth looking into.

Posted by T e x on :

has traded as high as 4.25 in past year...

am guessing they got a Wells Notice, PRd it and the pps dropped... worth more DD to see if there's really a business here.

Posted by PCola77 on :

Agreed. I'm in the middle of a few things at work today, but I'll probably do some searching this weekend.

Posted by T e x on :

ya, nothing pressing, that I see...

Posted by T e x on :

well, lol...up to 2.73 [Eek!]

Posted by a surfer on :

http://stockcharts.com/charts/gallery.html?clhi

Is this what created the panic on the 14-15th?

CLST Holdings Announces Sale of Its Operations in Chile
Thursday June 14, 6:26 pm ET

COPPELL, Texas, June 14 /PRNewswire-FirstCall/ -- CLST Holdings, Inc. (OTC Pink Sheets: CLHI - News) today announced that on Monday, June 11, 2007, it completed the sale of its operations in Chile to a group which includes local management. The purchase price and cash transferred from the operations in Chile prior to closing total $2.5 million.
This transaction completes the sale of all of the Company's major assets. The Company has two minor outstanding notes that it expects to collect by the end of 2007.

This news release contains forward-looking statements, as defined in the Private Securities Litigation Reform Act of 1995.

Posted by T e x on :

prolly...although I'm interested in two periods: mid- to late October & then early-to-mid-Decemeber...

Posted by PCola77 on :

Finally found the posting on the daily list:

http://www.otcbb.com/asp/dividend.asp?sym_id=CLHI&dDate=7/9/2007&sDateType=Recor d_date

$1.50 dividend to be paid Friday

Posted by T e x on :

am considering it...

Posted by PCola77 on :

I'm in, but just realized I'll be boating on Friday (weather pending) and not at a computer to trade. Hope the blackberry gets reception out there...

Posted by jerzydevil on :

Does this mean the stock is going to tumble on Friday?

Posted by PCola77 on :

It means that on Friday it *should* open $1.50 lower (but you'll get $1.50 dividend, so it's a wash), but I've seen a few cases where brokers don't adjust their orders, and you can still sell for significantly more than price-$1.50.

Basically just taking a shot.