Hi Post Cog,
I have spoken to the CEO of CHDT,in fact many times and have discussed the law suits.The wording is a technicality the same as someone deciding to sue you for 100,000,000 dollars,for falling on your sidewalk.Its a rediculous figure but in technicality it could bankrupt you if it was awarded to them.
It has to be stated because it is a public company.
As far as dilution,their isnt any whatsoever.I'm not sure where your getting that info.
There are 543,122,028 shares O/S of a possible 600,000,000
The CEO owns 286,000,000
The other insiders own 187,122,000
and the float is approx.70,000,028 shares
These are accurate figures.These Insiders do not have a need to dilute,they are all wealthy, and are only interested in the Company becoming successful.
They will be looking to the Nasdaq board by end of the year and a possible buy back of several million shares of the float is a good possibility by that time.
The roof tiles are in the last testing stage for meeting Dade County requirements and this is the easiest of the two tests.They have already passed the hardest test.The CEO,Howard Ullman is one of the easiest CEO's to be able to talk to,or if you prefer e-mail,you will be surprised how fast it will be answered.This is one of the very few Micro cap stocks that is a true investmnet.There was nothing wrong with their quarterly report.The last two months April and May were equal to the whole first quarter.4,000,000 in sales for two months of generator sales is by no means little numbers for a company trading at .077.
Good Luck with your investments
"Luck is what happens when preparation meets opportunity."
