Cambridge Capital Holdings, Inc. (CCHI)

[$hellKing]

$23.00 historical pps. Are you kidding me?

[$hellKing]

Does anyone think this could go active again? It has a very good S/S 350k OS 100k float. It has a lot of potential for a reverse merger game. imo

[kranthikumar]

CCHI is looking good

[kranthikumar]

CCHI is smells like a winner

[grantg2]

I have no idea where to find info on CCHI... since it is not producing I doubt any of the Canadian Mining resources even cover it.

In case I am mistaken about the originator of this board, I am thinking this board was started by one using the alias PaperProphet... who was a prolific basher on many boards...

http://investorshub.advfn.com/boards/MemberSearchResults.aspx?alias=PaperProphet&method=i

and has since been BOOTED from Hubville. He still posts much trash on other SMBs. IMO one day he will find himself in a legal bind for some of the false info he posts.

If you like gold stocks...

and I do because I think politicians will destroy the value of the US currency so gold shares are my hedge fund that the government cannot confiscate... unlike hiding a pile of gold that Uncle BHO declares is illegal to have & comes for it...

check out the SA board... good CANADIAN company with HUGE resources & about to take one commercial...

has been hanging in high teens to 30s for two years...

but that should soon change. In the last two years some Canadian sources have estimates 40-70 per share based on the resources known at the time... & each years drilling results have added to KNOWN assets in the ground.

This was 2 about 6 yrs ago... I bought in on the first run to 20 & have held SA since then and accumulated as I could.

Another speculation to check out... JBII @ 1 or less... lots of FUD but keep watching for reliable news in the near future... the news will drive it back toward the previous high of 7 which will be cheap as the future unfollds. I own all the JBII I intend to buy... now I am along for the Long Term ride.

[goldigold]

Apology accepted though I am not agreeing with your characterization of the person you mentioned on your post as I believe he too is another shareholder like me who invested his life saving on this scam company which ONLY benefited one person (Jarratt). The point is you could see through him all along and WE couldn't. I heard he lost his son to cancer, his wife left him and his wealth slashed tremendously, for all these I sincerely am very sorry to hear, but I wish to God he could as well feel remorse the tremendous pain he caused to many small investors trusted him throughout the year.
Anyways!
Where can we find any information these days regarding this company if any?

[grantg2]

Please accept my apology for the harshness of many of my prior postings... my animosity against the booted AH who started this board should not have been allowed to affect my posts in reply to everyone else here WHEN HE was the only real scumbag posting what appears to me to be bogus information intended to manipulate.

[grantg2]

Sorry to hear that this was a sizeable loss for you. No one ought to take great pleasure in the loss of sincere & honest retail shareholders who are BILKED by crooks pretending to be corporate executives... of any company.

Hopefully there is an ultimate accountability that these scumbags will face.

Suffice it to say that I've had my share of LOSSES in many penny plays... "back when" I did not realize HOW MANIPULATED penny stocks are... NOR that the SEC considers the OTC market the arena for anything-goes-scams so there really is no effective oversight.

Took a few years to realize that ALL SMBs are cesspools of 90% crooks and 10% well-meaning investors. Hubville is only slightly more civil than most, but hardly any more reliable or ethical.

Mining shares are a scam niche of their own... even properties with real ore deposits can be milked to scam shareholders...

and that IS NOT COUNTING the many prospects that don't even have workable grade deposits.

What I really resent is that IMO the founder of this board has every appearance of being a STOCK MANIPULATOR willing to say anything for personal gain. Promote something like CCHI and at the same time work actively with others to destroy the value of other companies whether a scam or not! Little consolation that he has been BOOTED from Hubville... he was active here for 5 years & some 3700+ posts!!

Hubville comes with an invisible skull&crossbones... existence of ADMIN & mods are a guarantee of NOTHING when discussing "integrity of post content!"

[goldigold]

You were right all along and we all made mistakes with our life saving. Granted...I admit you had all along read through Jarratt's greedy operation and we were all hopeful and fools.
No one knows when this man who calls himself a human will announce folding the entire operation. He gumbles with investors money with very risky assets while collecting $450,000 a year salari for 3 man operation plus got $2.5M loan over ten years ago which is unpaid plus 12% interest on his convertable loans...over and over he dried the company's cash and no freak board of directors or auditor told him stop. I Never forgive him on my part as a major shareholder. He should answer one day to Lord.
Sorry man if in past we doubted you. You were right! Where in a God name is any discussion regarding cchi these days? yahoo cchi seems completely dead.

[grantg2]

HELLOOOOO!.... looo!.... looo!

Goldigold?... ..gold? ....gold?

[grantg2]

In Memoriam:

http://investorshub.advfn.com/boards/profilea.aspx?user=73594

Karma.

[grantg2]

LOL... clearly CCHI is a stock NO ONE really gives a fig about...

utter waste of time! LMAO

[PaperProphet]

Re:<"I never really could figure JUST WHY you started this board...">

We have different philosophies. I started the board because the disparity between tangible book value and market cap was interesting--it was a stock whose fate rested entirely on whether or not the CEO and controlling shareholder, Mr. Jarratt, would do his fiduciary duties or not. I had no interest in promoting the stock.

[grantg2]

There was never any chance I'd BUY CCHI when the likes of SA exist...

just have to sift thru a lot of ore to find the precious metals & gems...

it was NOT too many years back that SA was a mere 2!

Much better choice than CCHI ever hoped to be. I never really could figure JUST WHY you started this board...

but it sure suckered in a few who became staunch defenders of CCHI...LOL.

[PaperProphet]

Re:<"after all, when PaperProphet started this board he said CCHI was worth 50 or 100 dollars a share minimum!">

I said the company had $50/share in tangible equity a few years ago. You can actually calculate that yourself from the last SEC filings from around the time when I posted it if you want. I certainly never gave any opinion as to what the stock was worth and I never thought it was a stock worth buying because of the disparity between tangible equity and market price.

Didn't I address this before with you--or at least I remember someone else before seemed confused and thought when I said "discount" that I was actually giving my opinion that the market price should be higher. If that's also what is throwing you off, by "discount" I quite literally meant that the market price was less than tangible equity. I could have said that tangible equity was a premium to the market price but I'm not sure that would have been correctly interpreted either.

.

[grantg2]

Two of you are hiding out there... post something good about CCHI!

I keep expecting to learn something here! LOL...

after all, when PaperProphet started this board he said CCHI was worth 50 or 100 dollars a share minimum!

Looks like that is not quite accurate... LMAO...

like so much said here and elsewhere.

[grantg2]

c'mon now... fess up! 3 boardmarks...

WTF are you? LMAO!

[grantg2]

How soon is CCHI supposed to get to that $50 it's worth?

or was it $100?

goldi? are you around here? What's your take on CCHI now?

Should we all get our pick and shovel and head to Alaska this year?

[grantg2]

Happy New Year!

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=21678992

ROTFL.

[grantg2]

This company still here?

Where's goldigold, PaperPhrophet?

Shhhh... this is going to $100 soon!

ROTFLMAO...

but I was never short in it... ever! LOL... why bother.

[Dr Stox]

3745 shares trades at .40 cents?
interesting,

[grantg2]

goldi... ARE YOU and insider at CCHI?

My reasons for asking are easily discovered... why not tell us some truth about CCHI for a change?

[grantg2]

goldigold... where are you? lost in car 54?

CCHI at $100 YET?

I told you about Seabridge Gold way back when... it had a nice run into the 30s a while back...

Then it began dropping and bottomed about 10-11 back in Oct 2008 when all the economic collapse had people in a panic.

Now, 10 months later it is back to 30!

You need to learn from the lessons life teaches, goldi!

BUY some TRTN... John Bordynuik is a Canadian Gold Mine of a different sort! It's a buck... you can sell your CCHI and own 2X as much TRTN... but time is running out to get in cheap!

[grantg2]

Gold?... want to strike Canadian gold?

Go check out TRTN iBox!

Off to a great start in life as a public company via R/M...

it is a PLAY on the CEO... John Bordynuik and his dreams!

What does a man with an IQ of 170 dream? ROTFL

[robco]

[grantg2]

Hello...??? are the lights still on???

goldigold! shame on you... you promised to turn them out when you left!

[grantg2]

goldigold... are you still LONG?

Who sold you your CCHI shares?

Now THAT is the thief you need to worry about!

[grantg2]

Eight months since a goldigold sighting:

Posted by: goldigold Date: Saturday, April 05, 2008 10:02:32 AM
In reply to: None Post # of 138

Can anyone really believe the grant-thieve here is not short BIG TIME?
FOR days, weeks, MONTHS no post here, soon as I posted here 5 minutes later he had responded to me yesterday.

No one with no interest monitor a board with little or no interest.

The fact is: He must be really big time shorty which is VERYYYYYY NERVUS as he monitors every possible sites related to cchi constantly in order to arrange his next move, and warn the potential investors.

Typical of a BIG short seller with 18000 share short in a tiny traded stock with every thing is going against him by the week.

See you at $100 a share.

>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>

LMAO... whoever did short this stock must have made a bundle, goldi!

at 1.32/4.00 probably can cover about 2.50...

which is more than YOU can sell your shares for!

This stock is almost as easy to hate as some others! eh, PP?

[grantg2]

goldigold??? Has anyone seen goldigold?

Been such a long time since goldi posted what a fine stock this is...

is gonna be...

month after month up until August and then NADA!

Nada for months... come back goldigold!

[PaperProphet]

Last trade: $1.25.

As of the last annual report, the company had over $11 million in equity and about 350,000 shares outstanding (about $30/share). Last year it looks as though the CEO continued his practice of paying himself a hefty salary of around $3 million a year. So there are probably about two and a half years left before the CEO drains the coffers completely dry and folds the company.

One glimmer is that he's still filing reports with PinkSheets, even if only annually. That's something he doesn't have to do. Does that mean that he feels some fiduciary obligation to shareholders? I'm not sure. Given the share price, obviously very few shareholders trust that he'll ever do the right thing.

[PaperProphet]

Looks like the Maisy Mae mine is for sale too. CCHI is asking $5 million for that one.

The Matson Creek mine still also for sale, still for $25 million.

Those asking prices seem very high for placer mines even at current gold prices but that's just based on my looking at other placer mines for sale. I'm sure there are other factors which also determine the value.

The market cap of CCHI is about $2 million and CCHI is asking $30 million for two of the three mines. That's quite a disparity. CEO Christopher Jarratt's reputation certainly still seems to be a question mark.

[grantg2]

Looks like I did it again!

Posted soon after you did...

possible explanation... CCHI is in my favoites list (because of idle curiosity & an interest in gold shares) so I just naturally look in when I come to iHub and see a new post showing for the board.

WOW... rocket science & it does not even require being short!

tooooooooooooo funnnnnnnnnnnnnny!

Heck, I even applied to be MOD of the board & planned to look deeper into this stock as a possible play since it has become so low...

but ADMIN turned me down so you're on your own!

Maybe goldigold should become the MOD and give some life here!

[grantg2]

Posted by: goldigold Date: Saturday, April 05, 2008 10:02:32 AM
In reply to: None Post # of 138

Can anyone really believe the grant-thieve here is not short BIG TIME?
FOR days, weeks, MONTHS no post here, soon as I posted here 5 minutes later he had responded to me yesterday.

No one with no interest monitor a board with little or no interest.

The fact is: He must be really big time shorty which is VERYYYYYY NERVUS as he monitors every possible sites related to cchi constantly in order to arrange his next move, and warn the potential investors.

Typical of a BIG short seller with 18000 share short in a tiny traded stock with every thing is going against him by the week.

See you at $100 a share.

[grantg2]

CCHI is $5/share...

and the "short squeeze"... that was going to propel CCHI over $50...

IS OVER?

HOW? Can't BE!

Too funny!

[goldigold]

Anyone Alive around here?

Looks like Shorts are covering quickly.
Short interest is down to 13k shares now.

[goldigold]

"That would be an infusion of $55/share into the company--for a company trading at $7.90 at the high side."

Keep in mind No State Sale tax; NV tax free state.
and as for Federal tax, cchi has enough loss in its retain earning to offset against any federal tax.

your estimate of $55/share into the company is on the downside imho.

[PaperProphet]

I don't know how I missed your previous post regarding the Matson Creek mine being for sale.

http://www.goldandsilvermines.com/amatson.htm

I'm guessing since the link is still active and nothing has been announced, it's probably still for sale at $25M. I wonder if that's anywhere near an accurate appraisal.

That would be an infusion of $55/share into the company--for a company trading at $7.90 at the high side.

[PaperProphet]

Re:<"Check out the Balance sheet again and read the filing, as I feel you did not realized they have already taken reserve for the land loss at the end of 12-31-2007 into the account.">

I don't think you're correct regarding a reserve for a loss on the land. Equity has been dropping consistently about $1M per quarter, consistent with earnings. The estimated loss on the land was announced to be between $3M and $4M. Can you point out the reserve? There's no place in recent history where equity dropped by $3M to $4M. Remove that and an additional $2M for the last two quarters (to the end of June) and the current snapshot probably shows equity around $5M.

To your point about the mining, I would also guess the mines/claims are worth a lot more than when they were purchased. if gold is up 50%, the value of the operations should go up some multiple of that--an increase in the price of gold goes straight to the bottom line with no increase in expenses. Even a mining company with -10% net margins would find net margins swell to nearly 40% with a 50% increase in the price of gold. That's the difference between night and day.

For my point, the SG&A is very high for a company run by one man. I suspect the stock price accounts for this situation fairly well. I would find it hard to believe any shareholder (other than the recipient of the SG&A) would be happy with the SG&A based on the assets involved. Obviously there are conflicts of interest here and Mr. Jarratt isn't doing what's best for shareholders. The company is a year and a half away from having equity of zero.

Contrast that to right after JB Oxford's accounts were sold to Ameritrade, equity was $24M or about $70 per share in good, solid equity. I'm sure every single shareholder, other than Mr. Jarratt and his 60% ownership, would have loved to have that cash distributed. That didn't happen since he does own the majority and since then the coffers have slowly been drained. Shareholders' interests appears to be a low priority for Mr. Jarratt.

For the operations, it looks like Mr. Jarratt made a good bet with the gold mining operations. Undoubtedly that added some value to the company. Again, though, it comes down to Mr. Jarratt's intentions. He could hit the mother lode with a chunk of gold that would dwarf Fort Knox but if his intention is to wean other shareholders from their stake, the stock still won't be worth very much.

[goldigold]

A couple of points:
1- Check out the Balance sheet again and read the filing, as I feel you did not realized they have already taken reserve for the land loss at the end of 12-31-2007 into the account. With that there is still book value of $11.5M, not $5M as you suggested. (Keep in mind there is a possibility still the land give them a profit in the future).

2- The market value of 2 of their mining in Yukan is north of $30M as it has been posted here b4 the sale price in the mining sales ad.

3-The Gold market is about to break its upside to $1200 and $1600 later this year & next with theFed-Bernakee hyperinflationary policies and the almost broken international banking system.

4-Cash-rich gold miners set their M&A sights lower
http://in.reuters.com/article/innovationNews/idINN3034216520080530

Imo the stock price will move north of $100 a share within next 12 month.

[PaperProphet]

With the loss taken on the land deal and another $1 million per quarter loss, equity right now is probably about $5.5 million. Some convertible issues were added (at market, always a substantial discount from equity). The CEO and sole employee, Christopher Jarratt, owns 60% or so of the common.

The remaining shareholders' equity has dwindled to about $2,000,000. Since the CEO still seems to be paying himself a hefty salary directly and through Third Capital Partners which he appears to own, and since he will undoubtedly compensate himself with more convertibles, he's rapidly swallowing up the remaining portion of the company which he doesn't already own.

At this point, remaining shareholders are pitching in about $1 million per year for Christopher Jarratt's salary and perks--for their shares which are worth only about $800,000. Clearly Christopher Jarratt doesn't have much of a feeling of fiduciary responsibility. Based on that, I suspect the related party transactions to operate the gold mines are value-shifting as well.

Almost $20 million in equity evaporated over the past three years, much of it going to G&A (which includes the salary for the CEO--probably the bulk of that). Good luck to anyone holding--you're going to need it.

[PaperProphet]

Annual report out.

http://www.pinksheets.com/otciq/ajax/showFinancialReportById.pdf?id=15250

[PaperProphet]

Well, I'm guessing my post was indeed removed and restored since it looks like I was also removed as moderator, possibly since my post was initially perceived as a purported transgression.

In the meantime, it looks like there's a moderator position open on this board if anyone wants it.

[PaperProphet]

My post was removed and then restored?

Re:<"If there is anything else of inherent value driving this company other than the integrity of decisions made by the CEO & you are aware of it, please share it!">

Equity is the secondary driver. This company has a lot of equity per share. Equity may have dropped about $10/share in equity with the loss in the land but there's still probably about $25/share in solid equity. No doubt the majority of shareholders (other than Mr. Jarratt) would vote on selling those assets and distributing the cash. However as majority shareholder, Mr. Jarratt has the decision.

It's at least close to $25/share in equity. They haven't been filing since the CFO left after the 3Q report last year. That left CEO Christopher Jarratt as the sole employee of the company. He established a virtual corporate headquarters in Nevada and I'm guessing he now resides in Tennessee.

[grantg2]

How odd... a post about CCHI

being a spec play on the integrity of the CEO gets posted & removed...

wonder WHY??????

Especially since that seems to be what the whole basis of interest in CCHI has been about for well over a year!

If there is anything else of inherent value driving this company other than the integrity of decisions made by the CEO & you are aware of it, please share it!


Anyone care to comment?

[PaperProphet]

Yes, they haven't done much for a while. You can find occasional news on pinksheets.com. The latest is that they sold the land they purchased about four years ago at a steep loss. A bit over a year ago they purchased gold claims but weren't able to get operations up to mine any during 2007.

However the ratio of shareholders' equity to the market cap is still phenominally high. Since gold is probably about fifty percent higher than it was when they purchased the gold claims, those claims should have appreciated very significantly as well even if they don't mine any.

This stock is still a pure-play on the integrity of the CEO. If the CEO is working to enhance shareholder value then it's a solid win with a probable return of several multiples of an investment in the stock even just based on the current book value. If instead he's working to funnel shareholders' equity into his own pockets then the stock is overpriced at any price. I don't know either way. If someone knows CEO Christopher Jarratt's personality, it's to their investing advantage.

[grantg2]

According to Morningstar 2-08-07:

New Company Profile - cchi

What Does This Company Do?
Cambridge Capital Holdings offers market making and institutional trading services through its institutional trading subsidiary, National Clearing Corp. (NCC). NCC, a broker/dealer, formerly was a self-clearing broker/dealer providing clearing services to other broker/dealers.

And according to the company, this is what it does:

Company Description

Cambridge Capital Holdings, Inc., through its subsidiary, engages in the purchase and sale of real estate for investment and development purposes. It also holds mineral rights, consisting primarily of placer gold mining rights, in British Columbia and the Yukon, Northwest Territories, Canada. Cambridge Capital Holdings was incorporated in 1987. It was formerly known as JB Oxford Holdings, Inc. and changed its name to Cambridge Capital Holdings, Inc. in 2006. The company is headquartered in Sherman Oaks, California.

Morningstar Alerts for CCHI:

CCHI
12-21-2007 01:20 a
CCHI hits 52-week low
The price of this stock reached a new 52-week low of $4.0000 on an intraday basis. If this stock is a recent initial public offering, this low was made within a price history that is less than 52 weeks.

CCHI
05-02-2008 09:00 a
CCHI has fallen more than 10%
The price of this stock moved down -12.222% from $9.0000 to $7.9000.

CCHI
05-02-2008 09:01 a
CCHI trades on unusually high volume
This stock has experienced unusually high trading volume of 512 shares today; its average daily volume over the previous 30 days was 54 shares.

CCHI
05-02-2008 09:01 a
CCHI has fallen 5% on high volume
The price of this stock has changed from $9.0000 to $7.9000 during heavy trading today. The trading volume of 512 shares was higher than its average daily volume over the past 30 days.
.........................................

KEY EXECUTIVES FOR CCHI*
Name Board Relationships Title Age
Christopher L. Jarratt 8 Relationships Chairman of the Board and Chief Executive Officer 45
Michael J. Chiodo No Relationships Chief Financial Officer, Principal Accounting Officer, Secretary and Treasurer 50

CCHI BOARD OF DIRECTORS*
Name Board Relationships Primary Company Age
Christopher L. Jarratt 8 Relationships Cambridge Capital Holdings, Inc. 45
David G. Mahood 2 Relationships Cambridge Capital Holdings, Inc. 45
Edmund B. Hourigan 2 Relationships Cambridge Capital Holdings, Inc. 44

(Relationships number refers to associations with people who are either on the CCHI BOD or the BOD or other companies.)

Financial Reports (the ones that are available)
http://www.cambridgecapital.biz/financialreports

Contact Info
15165 Ventura Boulevard
Suite 330
Sherman Oaks, CA 91403
United States

Phone: [phone]
Fax: [phone]

www.cambridgecapital.biz

[grantg2]

looking in... 5.30 OH, my!

Somewhere there probably is a smiling SHORT.

Wish it were really me! LMAO

[grantg2]

LMAO... delusional squirrel...

[goldigold]

Can anyone really believe the grant-thieve here is not short BIG TIME?
FOR days, weeks, MONTHS no post here, soon as I posted here 5 minutes later he had responded to me yesterday.

No one with no interest monitor a board with little or no interest.

The fact is: He must be really big time shorty which is VERYYYYYY NERVUS as he monitors every possible sites related to cchi constantly in order to arrange his next move, and warn the potential investors.

Typical of a BIG short seller with 18000 share short in a tiny traded stock with every thing is going against him by the week.

See you at $100 a share.

[grantg2]

Are YOU deranged, or just too emotionally involved

with CCHI?...

I am not short...

and I merely asked if there had been any interest in the property!

GLTY... LMAO