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Not sure what you mean .. it s 1 share = 0.5$
is that one share or 1 round lot=100
Nice take off with 1 share!!!
as you know they did a reverse split few time ago, which means that the company s going bad. I don t know how it could attract investors...
Do you really think it can wake up?...
Don't member the chipmunks tunes. Too high pitched for me dobie ears.
Sidedraft says they've changed it to: 1:500 R/S
http://www.otcbb.com/asp/dividend.asp?sym_id=czhc
You ain't just whistlin Dixie , Pixie ( the Chipmunks ...'member dat one ? )
Yup , a one for 500 R/S is dethpicable .
Poor Daffy D. always got the short end of the stick. It's just dthisssssspicable!
Kinda like CZHC shareholders.
Just when you thought you've seen it all!
A total of 3 shares traded!
Yesterday, the transfer agent told me "The company has a pending 1:500 Reverse Split with FINRA and still waiting for the approval."
I would think IMO that Finra fell off there chair laughing!
Why not make it a Trillion to 1. No one will touch this now with this B.S. reverse imminent. Another 60k lost to thieves.
Hello flaflyersfan, do you know whats happening with CZHC? They said the reverse split would be "effective as of close of business on February 2"...
so tomorrow the CZHC pps might be 40000!!.. Hard to believe..
"Odd thing is, it was extreme overkill....why?"
that s the question..
Nobody knows?
It eliminates current common shareholders...whether or not that was their primary intent, I do not know. Odd thing is, it was extreme overkill....why?
Does anyone understand the purpose of doing such a big reverse split?
Their strategy is quite strange indeed...
LOL!....must be a record.
edou777, if FINRA approves the most massive Reverse Split in Stock Market History, no matter how many shares a CZHC shareholder owns they will end up with 1 share that they will never be able to sell.
Will have to look a little closer at this one when I have time.
Good luck.
Could they be trying to go private this way? Making sure everyone has less than 1 share then pay for their partials in cash at marked down prices because of the R/S sell off? That would be very underhanded way of doing it, never seen it done that way b4 either...
20million to one... um how does that work... there is only 64,902,526 shares in the O/S.
I guess everyone has a partial share now??
Glad I was not in this one...
Nasty , one for 20 million . At today's close of .0078 that would mean a PPS of $156,000.00 per share if the R/S was tomorrow .
Even if this stinker drops to .0001 before the R/S the post R/S PPS would be $2,000.00 per share .
Guiness Book of Records for this one .
Gotta be a typo or sumtin .
Thank God you didn't buy Millions. I'm sure many here did. very sad.
unfortunately i own only 180 000 shares i bought 9 months ago.. Maybe enough to buy the noose... lol
Good. At least you'll get something.
Ok. I just read that "For example, if an investor holds 50 shares of a company that splits 1:100, that person would be left with only half a share, so the company would simply pay that investor the value of the 50 shares"
It will depend on the exact language in the reverse split. Often times fractional shares are rounded up to the next whole share (1 1/2 becomes 2), but not always.
yes but what happens if you own less than 20 million shares
Divide the number of shares you now own by 20,000,000 and that will give you the number of shares you will own after the Reverse Split is effective. For intance, if you now own 40,000,000 shares, after the Reverse split, you will own just two (2) shares. Sorry, but thats life in the land of Flying Pink Pig Hallucinations.
can anyone explain me what s about to happen for the CZHC shareholders? I m not sure to understand..
If anyone still holding CZHC stock does not have their Sell orders in after just being told that their "investment" is about to be vaporized, it may be a hint to stay away from penny stocks.
Good luck.
largest one I ever remember...
we have a NEW WORLD RECORD
20,000,000 R/S........
idiots
Czech Republic Resource Corp. Announces Reverse Split Stock Czech Republic Resou (USOTC:CZHC)Intraday Stock Chart Today : Tuesday 18 January 2011 Czech Republic Resource Corp. (PINKSHEETS: CZHC), an energy company engaged in the acquisition, exploration, and development of properties for production of crude oil and natural gas, announce today a Reverse Stock Split. The Board of Directors are considering new business opportunities and funding sources for them. These new opportunities necessitate the reorganization and restructuring of the Company's Stock to do so. The Board of Directors approved a one-for-twenty million (1:20,000,000) reversed split of the Corporation's common stock. The reverse split will be effective as of close of business on February 2, 2011, pending FINRA approval. To Learn More About Czech Republic Resource Corp., Please Visit: http://www.czechresource.com/ This press release may contain forward-looking statements covered within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements relate to, among other things, plans and timing for the introduction or enhancement of our services and products, statements about future market conditions, supply and demand conditions, and other expectations, intentions and plans contained in this press release that are not historical fact and involve risks and uncertainties. Our expectations regarding future revenues depend upon our ability to develop and supply products and services that we may not produce today and that meet defined specifications. When used in this press release, the words "plan," "expect," "believe," and similar expressions generally identify forward-looking statements. These statements reflect our current expectations. They are subject to a number of risks and uncertainties, including, but not limited to, changes in technology and changes in pervasive markets. Contact:Jara Georg Meger +420 733319266
I finally got a little answer from the transfer agent..
"Good Afternoon,
I’m sorry but we do not have the type of information.
We do have Roger Shoff listed as their counsel, 832-567-5858. He might be able to help you reach the company or provide you with the information you are requesting.
Have a great day!
Respectfully,
Leslie Eldridge
Transfer Agent"
Well. If you, Tia or someone else get some interesting news with this number(my english is to bad to do that), please post them on this board.
definitely no answers.. i sent them 2 mails but nothing... did you try it finally?
any luck with the transfer agent?......i thought i would try later this week
well.. no answer. hope there is still someone alive in this company..
i'll try to make time to do so.....:)
yes I will. and maybe it could be nice you ask them too. Your english is better, so there is more chance they answer you!
if you get a reply, post it on the board if you will.......:)tia
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